Millet Market to Grow Worth USD 19.4 Billion by 2033 | Exhibiting CAGR of 3.93%

Market Overview:

The millet market is experiencing rapid growth, driven by rising health consciousness and gluten-free demand, government support and policy initiatives, and sustainable agriculture and climate resilience. According to IMARC Group's latest research publication ,"Millet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global millet market size reached USD 13.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 19.4 Billion by 2033, exhibiting a growth rate (CAGR) of 3.93% during 2025-2033.

This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.

Download a sample PDF of this report: https://www.imarcgroup.com/millet-market/requestsample

Our report includes:

● Market Dynamics
● Market Trends And Market Outlook
● Competitive Analysis
● Industry Segmentation
● Strategic Recommendations

Growth Factors Driving the Millet Industry

● Rising Health Consciousness and Gluten-Free Demand

People are increasingly seeking healthier, gluten-free food options, and millets are stepping up as a go-to choice. Their high fiber, protein, and mineral content, like iron and magnesium, make them a hit for those managing diabetes, obesity, or celiac disease. For example, millets have 10-15% more fiber than other grains, appealing to health-focused consumers. Companies like Nestle India have jumped on this, launching millet-based porridge to meet demand for nutritious, convenient foods. The push for gluten-free products is evident in the U.S., where organic food sales hit $60 billion recently, with millets carving out a growing share. This shift toward plant-based, nutrient-rich diets is boosting millet consumption, especially in urban areas where wellness trends are strong.

● Government Support and Policy Initiatives

Governments worldwide are championing millets to tackle food security and sustainability. India's Ministry of Food Processing Industries rolled out a $96.8 million Production Linked Incentive Scheme to boost millet-based product manufacturing. This, along with initiatives like the Food Corporation of India procuring 2,642 metric tons of finger millet in Odisha, shows strong policy backing. Globally, the UN's recognition of millets as a climate-resilient crop has spurred programs like the FAO's One Country One Priority Product initiative, promoting sustainable millet farming. These efforts provide farmers with subsidies, better seeds, and market access, encouraging production. Such policies not only increase millet supply but also make it more affordable, driving its integration into mainstream diets and public nutrition programs.

● Sustainable Agriculture and Climate Resilience

Millets are gaining traction as a sustainable crop due to their low water needs and resilience to harsh climates. Requiring 30-40% less water than rice, millets thrive in arid regions, making them ideal for areas hit by water scarcity. For instance, varieties like pearl millet can survive on just 200-400 mm of rainfall, unlike rice's 1,200 mm. This has caught the attention of farmers in Africa and South Asia, where climate change disrupts traditional crops. The Millets Summit highlighted millets' potential in carbon credit frameworks, offering farmers extra income through regenerative agriculture. This eco-friendly appeal, paired with growing consumer demand for sustainable foods, is pushing millets into the spotlight as a crop that supports both the environment and food security.

Trends in the Global Millet Market

● Boom in Millet-Based Convenience Foods

Ready-to-eat and ready-to-cook millet products are taking off as urban consumers crave healthy, quick meals. Millet-based noodles, pasta, and instant dosa mixes are popping up everywhere, with the ready-to-cook segment valued at millions and growing fast. For example, ITC Foods launched millet cookies under its Sunfeast Farmlite brand, offering multi-millet and choco-chip variants to tap into this trend. The Organic World recently introduced 70 new millet-based SKUs, from breads to snacks, catering to busy, health-conscious shoppers. This surge reflects a broader shift toward convenience without sacrificing nutrition, with millets' gluten-free and high-fiber qualities making them a perfect fit for on-the-go breakfast cereals, granola bars, and pre-packaged meals.

● Expansion into Functional Beverages and Nutraceuticals

Millet-based beverages and dietary supplements are emerging as a hot market segment, driven by demand for functional foods. Millet-based smoothies, plant-based milks, and health drinks are gaining popularity, with the beverage sector growing significantly. For instance, finger millet's high calcium content makes it a star in health drinks and baby foods. Companies are also exploring millets in nutraceuticals, leveraging their rich protein and antioxidant profiles for dietary supplements. In Japan, millets are increasingly used in functional beverages for elderly nutrition, meeting the needs of an aging population. This trend is fueled by consumer interest in preventive health and clean-label products, with millets offering a natural, nutrient-dense base for innovative offerings.

● Growing Export Opportunities and Global Trade

The global appetite for millets is opening new export markets, especially for countries like India and Niger. India exported 169,049 metric tons of millets, generating $75.45 million in revenue recently, with demand surging in health-conscious regions like Europe and North America. France, for example, is a key importer of Niger's pearl millet, building a strong Europe-Africa trade corridor. Grading protocols and futures contracts on regional exchanges are improving price transparency, attracting institutional buyers. The push for organic certification and sustainable sourcing further boosts millets' appeal, as Western markets value their eco-friendly profile. This trend is expanding millet's global reach, encouraging farmers to scale up production to meet international demand.

Ask analyst of customized report: https://www.imarcgroup.com/request?type=report&id=7362&flag=E

Leading Companies Operating in the Global Millet Industry:

● Archer-Daniels-Midland Company
● Bayer AG
● Brett-Young Seeds Limited
● Cargill Incorporated
● Ernst Conservation Seeds
● Roundstone Native Seed Company
● Seedway LLC

Millet Market Report Segmentation:

Breakup By Product Type:

● Pearl Millet
● Finger Millet
● Proso Millet
● Others

Pearl millet accounts for the majority of shares as it offers nutritional content like protein, vitamins, and minerals.

Breakup By Application:

● Infant Food
● Bakery Products
● Beverages
● Others

Infant food dominates the market on account of the increasing focus on maintaining the enhanced health of babies.

Breakup By Distribution Channel:

● Supermarket and Hypermarkets
● Traditional Grocery Stores
● Online Stores
● Others

Traditional grocery stores represent the majority of shares due to the diverse availability of products under one roof.

Breakup By Region:

● North America (United States, Canada)
● Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
● Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
● Latin America (Brazil, Mexico, Others)
● Middle East and Africa

Asia Pacific enjoys the leading position owing to a large market for millet driven by the rising health consciousness among individuals.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-201971-6302

This release was published on openPR.