Worldwide Market Insights: The Rapid Evolution of the Millets Industry

The millets market is gaining significant attention as consumers and industries look for more sustainable and health-conscious food options. With growing awareness of climate-resilient crops and nutrient-rich grains, millets are poised to become a major segment in the global food market. Below is a detailed look at the market's size, key players, emerging trends, and segmentation.

Projected Expansion of the Millets Market Through 2030
The size of the millets market is anticipated to grow substantially, reaching $16.27 billion by 2030. This reflects a compound annual growth rate (CAGR) of 6.0% during the forecast period. Several factors contribute to this rise, including a stronger demand for sustainable and climate-adaptive crops, the increasing use of millets in packaged food products, and the expanding health-conscious consumer base. Additionally, the market benefits from the growing production of millet-based beverages and snacks and widespread international efforts promoting millet consumption. Important trends shaping this growth include a surge in demand for traditional nutrient-rich grains, greater adoption of gluten-free diets, more frequent use of millets in processed foods, diversification into organic and specialty millet varieties, and a deeper emphasis on crops that can withstand environmental challenges.

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Leading Corporations Influencing the Millets Market
The millets sector is currently dominated by several prominent companies such as Cargill Inc., Nestle S.A., Archer Daniels Midland Company, Glanbia Nutritionals Inc., Warburtons Ltd., Bobs Red Mill UK Ltd., Bay State Milling Company, Grain Millers Inc., Woodland Foods, Eden Foods Inc., Sresta Natural Bioproducts Pvt. Ltd., Arrowhead Mills Inc., Navan Foods LLC, Mayoora Foods LLC, 24 Mantra Organic, Tata Soulfull, MilSera, Milletmarg, Slurrp Farm, Millet AMMA, Eat Millet, Phalada Pure & Sure, Agrowique, and Sabala Millets.

In a notable development during July 2023, Tata Consumer Soulfull Private Limited, an Indian firm specializing in millet-based packaged foods, formed a strategic alliance with Reliance Retail. This collaboration aims to popularize "Desh ke Millets" such as ragi, jowar, and bajra among Indian households. Through Reliance Retail's extensive network of hypermarkets, supermarkets, and e-commerce platforms, Tata Soulfull seeks to broaden the accessibility and visibility of its millet product range, driving consumer adoption and strengthening in-store presence. Reliance Retail is a leading omni-channel retailer in India, offering a wide array of groceries, food items, and daily consumer goods to millions nationwide.

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Emerging Product Innovations Highlight Millets' Potential
Companies in the millets market are increasingly focusing on innovative product development that caters to health-conscious consumers, particularly in developed regions. A prime example is the introduction of clean-label ancient grain tea biscuits, which provide gluten-free, nutrient-dense, and sustainable snacking alternatives. These biscuits avoid refined sugars, preservatives, and artificial flavors, aligning well with modern clean-label trends. For instance, in August 2024, AyurSome Wellness, a US-based health food company, unveiled Date A Millet, a clean-label ancient grain tea biscuit crafted from naturally gluten-free millets and lightly sweetened with powdered dates to promote balanced blood sugar. The product features portion-controlled packaging and reusable tins to encourage mindful snacking and environmental sustainability. Such innovations are helping to shift millets from being seen as niche traditional grains to becoming mainstream packaged food options.

Breakdown of Market Segments and Distribution Channels in the Global Millets Industry
The global millets market is categorized into several key segments to better understand consumer behavior and product reach. These include:

1) Product Type: Pearl Millet, Foxtail Millet, Finger Millet, and Other Product Types
2) Distribution Channel: Supermarkets, Grocery Stores, Online Platforms, and Other Distribution Networks
3) End Use: Ready-to-Eat Foods, Direct Consumption, Bakery Products, Non-Alcoholic Beverages, and Breakfast Foods

Further subcategories drill down into specific forms of these grains, such as:
- Pearl Millet products like whole grain, flour, semolina (rava), organic variants, and processed goods
- Foxtail Millet offerings including whole grain, flour, organic types, and processed products
- Finger Millet selections such as whole grain (ragi), flour, malted forms, organic options, and processed foods
- Other millets including Proso Millet, Little Millet, Barnyard Millet, Kodo Millet, Browntop Millet, and various millet blends

This segmentation provides a comprehensive perspective on the diverse applications and distribution strategies driving the millets market worldwide.

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This release was published on openPR.