Finger Millets

Global Finger Millets Market to Reach US$18.1 Billion by 2030

The global market for Finger Millets estimated at US$13.0 Billion in the year 2023, is expected to reach US$18.1 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2023-2030. Food Source End-Use, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$9.1 Billion by the end of the analysis period. Growth in the Fodder End-Use segment is estimated at 4.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.5 Billion While China is Forecast to Grow at 8.0% CAGR

The Finger Millets market in the U.S. is estimated at US$3.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2030 trailing a CAGR of 8.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.8% and 5.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Global Finger Millets Market - Key Trends and Drivers Summarized

Why Are Finger Millets Gaining Recognition in Health-conscious Markets?

Finger millet, an ancient grain rich in nutrients, is gaining recognition as a superfood in health-conscious markets. Known for its high calcium content, fiber, and essential amino acids, finger millet is an excellent dietary option for individuals seeking gluten-free, high-protein alternatives. The increasing consumer preference for plant-based foods and traditional grains has brought finger millet into the spotlight, especially in countries where the grain has historically been a staple. Finger millet is used to make a variety of food products, including flours, snacks, cereals, and health drinks, catering to a growing demand for healthy, nutrient-dense foods.

What Are the Key Segments in the Finger Millet Market?

Forms of finger millet include whole grains, flour, and processed products such as snacks and beverages. Applications of finger millet span across food and beverages, infant nutrition, and health supplements, with a growing focus on incorporating millet into gluten-free and high-protein diets. Distribution channels include supermarkets, health food stores, and e-commerce platforms, with the latter experiencing rapid growth as consumers increasingly purchase specialty food products online. The market for finger millet is particularly strong in regions such as Asia and Africa, where the grain is traditionally grown, while demand in North America and Europe is rising due to health trends.

How Are Technological Advancements Impacting Finger Millet Production?

Technological advancements in agriculture and food processing are enhancing the production and utilization of finger millet. Improved farming techniques, including better seed varieties and sustainable agricultural practices, are increasing crop yields and reducing the environmental impact of millet farming. In food processing, innovations in product formulation and packaging are making millet-based products more accessible to global consumers. Technologies that enhance the nutritional profile of finger millet, such as fortification and biofortification, are also contributing to its rising popularity as a health food. These innovations are helping manufacturers meet growing consumer demand for natural and functional foods.

What Factors Are Driving Growth in the Finger Millet Market?

The growth in the finger millet market is driven by several factors, including the increasing awareness of the nutritional benefits of millet, rising consumer demand for gluten-free and plant-based foods, and growing interest in traditional grains. The health and wellness movement, particularly in urban areas, is pushing consumers to explore nutrient-dense grains like finger millet. Additionally, the expansion of e-commerce platforms and specialty health stores is making millet products more accessible to a broader audience. Government initiatives promoting millet cultivation as a sustainable crop, especially in regions prone to climate change, are also contributing to the market`s expansion.

Select Competitors (Total 43 Featured) -

• 24 Mantra Organic
• Ancient Golden Mill
• Deepan Mills
• Farmer Exim
• Gavyadhar Organic Pvt.Ltd.
• Giva Agro
• Ipahad
• Kaadu Organic Farm
• Kenya Seed Co. Ltd.
• Miheraa Organic Foods

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