Millet Market size was valued at USD 10.86 Billion in 2022 and the total Millet Market revenue is expected to grow at 4.82 % from 2023 to 2029, reaching nearly USD 15.11 Billion.
Millet Market Report Overview
According to the research, the Millet market is expected to grow at a rapid pace during the forecast period. The report provides a comprehensive analysis of the Millet industry, shedding light on its structure.
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Millet Market Report Scope and Research Methodology
The Millet market report was developed using primary and secondary research methods. The primary research involved surveys and interviews with industry experts, while the secondary research involved collecting data from industry publications, government reports, and other sources.
The report provides a region-wise, segment-wise, and sub-segment-wise analysis of the Millet market dynamics, market size, market share, and key players. It also includes a list of Millet key competitors in the industry, along with their revenue, financial status, product portfolio, investments, mergers, acquisitions, and joint ventures. SWOT analysis was used to identify the strengths and weaknesses of the key players, as well as the opportunities and threats facing the Millet industry. The bottom-up approach was used to estimate the Millet market size.
Millet Market Dynamics
Data on health indicators, published by NFHS (National Family Health Survey) report 2022 shows that 59.1% of women are anaemic, 35.6% of children are stunted, and 32.2% of children are underweight. As millet are nutritionally superior to cereals, on-acid forming, on allergic, easy to digest and rich in protein antioxidants, dietary fibre, there has been great demand of Millets. The proposal to the United Nations General Assembly (UNGA) year 2023 has been declared as the International Year of Millets.
As Millets helps in maintaining body weight, improving haemoglobin levels, reducing iron deficiency, fighting anaemia, diabetes, cardiovascular diseases there has been higher production and productivity of millets across the globe. Around 70 countries have pledged to engage various stakeholders for promoting the wilder usage of millets. Farmers have started shifting away from wheat and rice farming in favour of millet because of the steadily rising demand from Asia Pacific nations, primarily China and India.
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The report includes a detailed analysis of several key countries that are:
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC)
- South America (Brazil)
- The Middle East and Africa
Millet Market Segmentation
by Product Type
1. finger millet
2. pearl millet
3. Kodo millet
4. foxtail millet
5. proso millet
6. barnyard millet
7. little millet
by Application
1. Bread goods,
2. Alcoholic and non-alcoholic beverages
3. Breakfast foods
4. Infant food
by Distribution Channel
1. super and hypermarkets
2. grocers
3. online retailers
4. others
Millet Key Players
1. Cargill (US)
2. Archer Daniels Midland Company (US)
3. Seedway, LLC. (US)
4. Ernst Conservation Seeds (US)
5. Eastern Colorado Seeds, LLC (US)
6. Roundstone Native Seed Company (US)
7. Allied Seed, LLC (US)
8. Janadhanya Farmers Producer Company Limited (India)
9. Sresta Natural Bioproducts Pvt Ltd (India)
10. Just Organik (India)
11. Earthon Products Pvt Ltd (India)
12. Shimla Hills Offerings Pvt. Ltd. (India)
13. Pristine Organics Pvt Ltd. (India)
14. Sahaja Samrudha Organic Producer Company Ltd (SSOPCL) (India)
15. Viruthai Millets Farmer Producer Company Ltd. (India)
16. Crystal Crop Protection Pvt. Ltd. (India)
17. DUGAD Agro Foods (India)
18. Croda International Plc (UK)
19. Nestlé S.A. (Switzerland)
20. NH Foods Ltd (Japan)
21. Bayer Crop Science AG (Germany)
22. BASF SE (Germany)
23. Mirfak Pty Ltd, Nuts in Bulk (Australia)
24. RR Agroflorestal LTDA (Brazil)
25. Kerry Group plc (Ireland)
26. BrettYoung (canada)
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Key Questions answered in the Millet Market Report are:
- What was the Millet Market size in 2022?
- What is the expected Millet market size by 2029?
- What will be the CAGR of the Millet market during the forecast period?
- Which region held the largest market share in the Millet Market?
- Which company held the largest share in the Millet market?
- What key trends are likely to emerge in the Millet market in the coming years?
- Who are the Millet key players in the Millet industry?
Key offerings:
- Market Overview
- Market Share
- Market Size
- Forecast |2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape - Leading key players and other prominent key players.
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