Global Millets Market Size By Product Type (Pearl Millet, Foxtail Millet), By End-Use (Ready to eat food, Bakery), By Distribution Channel (Trade Associations, Supermarkets), By Geographic Scope And Forecast

Millets Market Size And Forecast

Millets Market size was valued at $11.30 Billion in 2024 and is projected to reach $14.45 Billion in 2031, growing at a CAGR of 4.49% from 2024 to 2031.

Unstable Rice Production, increasing health awareness and the rapid development of Distribution Channels through Online mode are the key driving factors for this market. The Global Millets Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Millets Market Definition

Millets are small grass seeds that are widely grown. They are treated as Cereal Crops for Human Food. Generally, a huge percentage of the Millets Produced is consumed and the remaining percentage is used for producing Beer, and Instant ready eat Foods. Breakfast Foods like Cornflakes are made from Millet. Mostly the millets grown are Pearl Millet. It is widely available in India and Africa. It is rich in Fiber, Vitamins, Minerals, Proteins, etc. There are different types of Millet available – Pearl Millet, Foxtail Millet, Sorghum, Finger Millet, etc.

Global Millets Market Overview

Growing rice and wheat in South Asia? It's a tough job! We really rely on four thingslabour, water, capital, and energy. But finding enough of these? Not so easy. This shortage makes things tricky, and it's made even worse by things like not enough underground water, poor soil quality, and less land to work with. All this can make production seriously expensive! And, to top it all off, we get hit by surprise storms in parts of South East Asia. So, yeah, figuring out how much rice and wheat we'll actually get is a guessing game. But, thankfully, we're seeing a rise in millet production, which helps make up for some of that uncertainty. You can read more about this on the FAO website.

It's funny how things work out, isn't it? The way we've been growing Rice and Wheat just isn't sustainable, but guess what? That's actually pushing us towards Millets! And that's a good thing because Millets are packed with Fibre, Proteins, Vitamins, you name it! Plus, they've got those essential fats our bodies need, just the right amount, helping us avoid extra fat buildup that can lead to Cholesterol, Obesity, and all those nasty Heart Ailments. So yeah, Millets are super healthy. And with everyone around the globe trying to lose weight and spending big bucks on it, this whole "eat healthy" thing is really taking off. This, combined with awesome options like Millets being readily available, is creating a fantastic opportunity in the market!

Nowadays there is a huge increase in the number of smartphone users. This increase in smartphone users is causing more and more availability of eCommerce platforms. The rise in eCommerce platforms is attracting many industries to place their items in online mode. Thus, competition in the online mode is increasing. Also, the distribution costs through online mode are comparatively less. Thus, many companies can give attractive discounts due to the extra cushion available with the reduction in costs. These discounts are attracting more consumers to purchase from Online Platforms.

Hey, online platforms are really helping the Millet Market grow! But, like anything, there are some bumps in the road. One big one is shelf life – Millets don't stay fresh for very long. This means companies have to process and preserve them super fast, which drives up costs. And higher costs can discourage everyday consumers. However, smart scientists are working hard to find easier, cheaper ways to keep Millets fresh longer. The good news is there's a big demand for Millets, so it's a real opportunity for businesses!

Global Millets Market Segmentation Analysis

The Global Millets Market is segmented on the basis of Product Type, End-Use, Distribution Channel, And Geography.

Millets Market, By Product Type

• Pearl Millet
• Foxtail Millet
• Sorghum
• Finger Millet
• Others

So, when we look at Product Types, the market's broken down into things like Pearl Millet, Foxtail Millet, Sorghum, Finger Millet, and a bunch of Others. Right now, Pearl Millet is the big winner, grabbing the largest slice of the market pie globally. Why? Well, people are eating a lot of it, and we're producing a ton of it too! Here in India, Pearl Millet is the star when it comes to Millets. And guess what? India's actually the top producer of Millets worldwide. Now, you can grow regular Millets, but they need those Insecticides and Fertilizers. But if you're after the really healthy stuff, the foods with Millets usually go for the Organic variety. And because more and more people are watching what they eat, there's a booming market for Organic Millet production.

Millets Market, By End-Use

• Ready to eat food
• Bakery
• Beverages
• Breakfast
• Others

Based on End-Use, The market is segmented into Ready to eat food, Bakery, Beverages, Breakfast, and Others. Millets-based Ready to Eat Segment has the highest market share. This is because the high protein content of these products provides a good option for consumers. On the other hand, the breakfast segment is the fastest-growing segment.

Millets Market, By Distribution Channel

• Trade Associations
• Supermarkets
• Grocery Stores
• Online Platforms
• Others

Based on End-Use, The market is segmented into Trade Associations, Supermarkets, Grocery Stores, Online Platforms, and Others. The Distribution works like this – Middlemen work as an important medium in this agricultural process. Processors communicate with farmers and procure the crops from them for processing. These are then processed for the final products. Grocery Stores contain the end products like Bakery products and cereals. In the era of advanced technology, Online Platforms are providing a lucrative cost-efficient platform for Producers. Thus, the online platform serves as a major Distribution Platform for the Millet Market.

Millets Market, By Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World

On the basis of Regional Analysis, The Global Millets Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. In terms of production and export Asia-Pacific region has the highest contribution followed by African regions. In the Asia-Pacific Region, India has the highest share of production and consumption. India has the highest Millet Production in the world. In African countries, Nigeria, Mali, Niger etc. has a good amount of production for a long time. The dry climate of these regions acts as a conducive environment for the growth of Millets.

Key Players

The “Global Millets Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Mayoora Foods, Navan Foods, LLC, Sydler India Pvt. Ltd., Nestle S.A., Nature’s Logic., Sresta Natural Bioproducts Pvt. Ltd., Dharani FaMCooP Ltd., Dharmapuri District Minor Millet Farmer Producer Company Limited, Janadhanya. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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