Millet Market Size, Share & Trends Analysis Report By Type (Pearl Millet, Finger Millet, Foxtail Millet, Proso Millet), By End-use (B2B, B2C), By Region, And Segment Forecasts, 2024 - 2030

Millet Market Size, Share & Trends Analysis Report By Type (Pearl Millet, Finger Millet, Foxtail Millet, Proso Millet), By End-use (B2B, B2C), By Region, And Segment Forecasts, 2024 - 2030


Millet Market Growth & Trends

The global millet market size is expected to reach USD 55.71 billion by 2030, according to a new report by Grand View Research, Inc. The increasing preference of urban populations for healthier food options, combined with concerns about the unsustainable nature of rice and wheat production, is expected to drive the demand for millet products in the foreseeable future. Urban lifestyles and dietary choices have led to the emergence of various health issues, including diabetes, obesity, and cardiovascular problems such as heart disease and arrhythmias.

Millets, being rich in proteins and essential minerals such as calcium and iron, are seen as a preventive measure against these health problems. Consequently, the growing awareness among the population about the health benefits associated with millet consumption is likely to fuel the growth of the millet industry. Some millets, such as finger millet, possess antioxidant properties due to the presence of compounds like polyphenols. Antioxidants help neutralize free radicals in the body, reducing the risk of chronic diseases. Millets, such as finger millet (ragi), are rich in essential minerals such as calcium and iron. Calcium is crucial for maintaining bone health, while iron is important for preventing anemia and ensuring proper oxygen transport in the body.

Many developing nations and government bodies are formulating long-term strategies to implement nutrition programs to combat malnutrition. The promotion of government initiatives and the inclusion of millet in various food and beverage products are expected to contribute to the expansion of the millet industry. For instance, the Agriculture and Processed Products Export Development Authority (APEDA) has devised 16 programs aimed at promoting millet and millet products in various countries, including the UAE, Indonesia, the U.S., Japan, the UK, Germany, South Africa, Australia, Saudi Arabia, and others, to boost millet exports from India. Consequently, the increasing global demand for millet and the rise in domestic production are expected to be key drivers of the market in the years ahead.

Millet Market Report Highlights
  • Pearl millet accounted for the revenue share of 40.5% in 2023. Pearl millet, also known as bajra, is one of the most widely cultivated and consumed types of millet. It is primarily grown in Africa and India and is valued for its drought resistance and nutritional benefits
  • The B2B end use channel is expected to grow at a CAGR of 6.0% from 2024 to 2030. B2B suppliers often prioritize quality control and product consistency. Businesses can have confidence in the quality of millet they receive, which is crucial for maintaining the integrity of their own products
  • Middle East & Africa is expected to grow at a CAGR from 2024 to 2030. Millet have been staple crops in many African cultures for centuries. They hold deep cultural and historical significance and have been an integral part of traditional diets. This long-standing tradition has led to a continued preference for millet in many African households
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Regional Outlook
Chapter 3. Millet Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Manufacturing and Technology Outlook
3.2.3. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Key Observations & Findings
Chapter 5. Millet Market: Type Estimates & Trend Analysis
5.1. Type Movement Analysis & Market Share, 2023 & 2030
5.2. Pearl Millet
5.2.1. Pearl millet market estimates and forecast, 2018 - 2030 (USD Billion)
5.3. Finger Millet
5.3.1. Finger millet market estimates and forecast, 2018 - 2030 (USD Billion)
5.4. Foxtail Millet
5.4.1. Foxtail millet market estimates and forecast, 2018 - 2030 (USD Billion)
5.5. Proso Millet
5.5.1. Proso millet market estimates and forecast, 2018 - 2030 (USD Billion)
5.6. Others
5.6.1. Other millet market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 6. Millet Market: End Use Estimates & Trend Analysis
6.1. End Use Movement Analysis & Market Share, 2023 & 2030
6.2. B2B
6.2.1. B2B millet market estimates and forecast, 2018 - 2030 (USD Billion)
6.2.2. Breakfast Foods
6.2.2.1. Market estimates and forecast by breakfast foods, 2018 - 2030 (USD Billion)
6.2.3. Bakery Foods
6.2.3.1. Market estimates and forecast by bakery foods, 2018 - 2030 (USD Billion)
6.2.4. Beverages
6.2.4.1. Market estimates and forecast by beverages, 2018 - 2030 (USD Billion)
6.2.5. Fodder
6.2.5.1. Market estimates and forecast by fodder, 2018 - 2030 (USD Billion)
6.2.6. Infant Foods
6.2.6.1. Market estimates and forecast by infant foods, 2018 - 2030 (USD Billion)
6.2.7. Others
6.2.7.1. Market estimates and forecast by other b2b end use, 2018 - 2030 (USD Billion)
6.3. B2C
6.3.1. B2C millet market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 7. Millet Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2023 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.2.2. U.S.
7.2.2.1. Key country dynamics
7.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.2.3. Canada
7.2.3.1. Key country dynamics
7.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.2.4. Mexico
7.2.4.1. Key country dynamics
7.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.3. Europe
7.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.3.2. Germany
7.3.2.1. Key country dynamics
7.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.3.3. U.K.
7.3.3.1. Key country dynamics
7.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.3.4. France
7.3.4.1. Key country dynamics
7.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.3.5. Italy
7.3.5.1. Key country dynamics
7.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.3.6. Spain
7.3.6.1. Key country dynamics
7.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.4.2. China
7.4.2.1. Key country dynamics
7.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.4.3. India
7.4.3.1. Key country dynamics
7.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.4.4. Japan
7.4.4.1. Key country dynamics
7.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.4.5. Indonesia
7.4.5.1. Key country dynamics
7.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.4.6. Australia & New Zealand
7.4.6.1. Key country dynamics
7.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.5.2. Brazil
7.5.2.1. Key country dynamics
7.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
7.6.2. South Africa
7.6.2.1. Key country dynamics
7.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Analysis
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2023 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. List of key companies analyzed in this section include:
8.9.1. Cargill, Incorporated
8.9.1.1. Company Overview
8.9.1.2. Financial Performance
8.9.1.3. Product Benchmarking
8.9.1.4. Strategic Initiatives
8.9.2. ADM
8.9.2.1. Company Overview
8.9.2.2. Financial Performance
8.9.2.3. Product Benchmarking
8.9.2.4. Strategic Initiatives
8.9.3. Seedway, LLC.
8.9.3.1. Company Overview
8.9.3.2. Financial Performance
8.9.3.3. Product Benchmarking
8.9.3.4. Strategic Initiatives
8.9.4. Ernst Conservation Seeds
8.9.4.1. Company Overview
8.9.4.2. Financial Performance
8.9.4.3. Product Benchmarking
8.9.4.4. Strategic Initiatives
8.9.5. Eastern Colorado Seeds, LLC.
8.9.5.1. Company Overview
8.9.5.2. Financial Performance
8.9.5.3. Product Benchmarking
8.9.5.4. Strategic Initiatives
8.9.6. Roundstone
8.9.6.1. Company Overview
8.9.6.2. Financial Performance
8.9.6.3. Product Benchmarking
8.9.6.4. Strategic Initiatives
8.9.7. Mayoora Foods
8.9.7.1. Company Overview
8.9.7.2. Financial Performance
8.9.7.3. Product Benchmarking
8.9.7.4. Strategic Initiatives
8.9.8. Nestlé S.A.
8.9.8.1. Company Overview
8.9.8.2. Financial Performance
8.9.8.3. Product Benchmarking
8.9.8.4. Strategic Initiatives
8.9.9. Sresta Natural Bioproducts Pvt. Ltd.
8.9.9.1. Company Overview
8.9.9.2. Financial Performance
8.9.9.3. Product Benchmarking
8.9.9.4. Strategic Initiatives
8.9.10. Pristine Organics
8.9.10.1. Company Overview
8.9.10.2. Financial Performance
8.9.10.3. Product Benchmarking
8.9.10.4. Strategic Initiatives

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