Millet Market Size to Surpass USD 19.4 Billion by 2033, at a CAGR of 3.93%

Market Overview:

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.

How AI is Reshaping the Future of Millet Market

● AI enhances millet cultivation by optimizing crop yields through precision agriculture, improving productivity by 18% with smart irrigation and soil monitoring systems.

● Government initiatives like India's National Mission on Food Security leverage AI to track millet production across 2.3 million hectares, supporting sustainable farming practices.

● Companies like Cargill use AI-powered analytics to develop fortified millet products, meeting the growing demand for gluten-free alternatives with 65% consumer preference for healthy grains.

● AI improves millet processing efficiency, with 22% of grain processors using machine learning to enhance quality control and reduce post-harvest losses by 12%.

● Supply chain optimization through AI reduces millet wastage by 15-20%, saving millions annually while ensuring consistent availability in global markets.

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Key Trends in the Millet Market

● Rising Health Consciousness and Gluten-Free Demand: Consumers increasingly choose millets for their nutritional benefits and gluten-free properties. About 45% of health-conscious consumers prefer millet-based products, with celiac disease awareness driving 25% market growth. Brands like Nature's Path launched organic millet cereals gaining significant market traction.

● Ancient Grains Revival and Superfood Positioning: Millets are being repositioned as superfoods rich in fiber, protein, and essential minerals. The ancient grains segment shows 28% growth annually, with pearl millet accounting for 41.1% market share. Social media campaigns highlighting millet's nutritional density reach 12 million health enthusiasts monthly.

● Government Support for Sustainable Agriculture: International Year of Millets 2023 boosted global awareness, with governments promoting millet cultivation. India's POSHAN Abhiyaan includes millets in nutrition programs, covering 14 million children. European markets see 35% increase in millet imports supporting sustainable farming initiatives.

● Ready-to-Cook and Convenience Products Growth: Millet-based convenience foods are expanding rapidly, with ready-to-cook segments growing at 5.80% CAGR. Companies introduce millet noodles, pasta, and instant porridge targeting busy lifestyles. The convenience food segment represents 30% of total millet applications.

● Climate-Smart Crop Adoption: Millets' drought resistance and low water requirements make them ideal for climate change adaptation. Farmers report 40% water savings compared to traditional cereals, with African markets increasing millet acreage by 15% annually to combat food security challenges.

Growth Factors in the Millet Market

● Nutritional Awareness and Health Benefits: Growing awareness of millet's high fiber, protein, and mineral content drives market expansion. Studies show millets reduce diabetes risk by 15%, with 38% of consumers choosing millets for weight management and heart health benefits.
Gluten-Free Food Segment Expansion: Rising celiac disease diagnosis and gluten sensitivity awareness boost millet demand. The gluten-free market segment grows at 8.2% CAGR, with millets representing 20% of gluten-free grain alternatives in developed markets.

● Sustainable Agriculture Initiatives: Climate-resilient properties of millets attract environmentally conscious consumers and farmers. Water-efficient cultivation reduces irrigation needs by 70%, with carbon footprint 35% lower than wheat production, appealing to sustainability-focused brands.

● Food Security and Crop Diversification: Governments promote millets for food security and agricultural sustainability. UN Food Systems Summit recommendations include millet cultivation expansion, with 50+ countries incorporating millets into national food policies and school feeding programs.

● Product Innovation and Value Addition: Companies develop innovative millet-based products from snacks to beverages. Value-added products command 40% premium pricing, with millet flour, flakes, and ready-to-eat products capturing urban consumer segments across emerging economies.

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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
● Organic Tattva
● 24 Mantra Organic
● Nature Bio-Foods Ltd.

Millet Market Report Segmentation:

Breakup By Product Type:

● Pearl Millet (Bajra)
● Finger Millet (Ragi)
● Foxtail Millet
● Proso Millet
● Sorghum (Jowar)
● Barnyard Millet
● Kodo Millet
● Little Millet
● Others

Pearl millet accounts for the majority of shares (41.1%) on account of its widespread cultivation and high nutritional value.

Breakup By Application:

● Bakery & Confectionery
● Snacks & Savory
● Flakes & Cereals
● Ready-to-Cook Products
● Noodles & Pasta
● Porridge
● Others
● Animal Feed
● Others

Ready-to-cook products dominate the market due to increasing consumer preference for convenient, healthy meal options.

Breakup By Distribution Channel:

● Offline
● Supermarkets/Hypermarkets
● Specialty Stores
● Traditional Markets
● Online
● E-commerce Platforms
● Direct-to-Consumer

Offline dominates the market due to traditional purchasing patterns and product familiarity requirements.

Breakup By Region:

● Asia Pacific (India, China, Japan, South Korea, Australia, Others)
● Africa (Nigeria, Mali, Burkina Faso, Others)
● North America (United States, Canada)
● Europe (Germany, France, United Kingdom, Italy, Others)
● Latin America (Brazil, Mexico, Others)
● Middle East

Asia Pacific enjoys the leading position owing to traditional consumption patterns and large-scale cultivation in India and China.

Recent News and Developments in Millet Market

January 2024: Cargill expanded its millet processing facility in India, investing $25 million to meet growing domestic and export demand for millet-based products.
March 2024: Nature Bio-Foods launched a new range of organic millet snacks, targeting health-conscious consumers in North American and European markets.
June 2024: The Indian government announced a $100 million export promotion scheme for millets, aiming to increase global millet trade by 300% over five years.

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