Millet Market: Estimated Worth Of USD 17.36 Billion...

Millet Market: Estimated Worth Of USD 17.36 Billion By 2032, Growing At A CAGR Of 4.7%

Сообщение 2025-06-17 11:46:25

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The global millet market is witnessing a revival, driven by rising health consciousness and demand for nutrient-rich, gluten-free alternatives. Millet’s high fiber content and essential nutrients align with the growing preference for plant-based diets and sustainable agriculture. Asia-Pacific leads the market, with India and China embracing millet for its historical and nutritional value, supported by increasing population and income levels. Africa is also seeing renewed millet cultivation, aided by government efforts to enhance food security. This surge highlights millet’s versatility, positioning it as a sustainable substitute for traditional grains.

The Global Millet Market size is expected to grow from USD 11.48 billion in 2023 to USD 17.36 billion by 2032, at a CAGR of 4.7% during the forecast period (2024-2032).

Some of the Top Leading Key Players:

Archer Daniels Midland Company, Cargill IncNestle S.AWise Seed Company IncRoundstone Native Seed Company, E.I. DuPont De Nemours and Company, Bayer Crop Science AG, Ernst Conservation Seeds, Brett-Young Seeds Limited, Treta Agro (P) Ltd, Sresta Natural Bioproducts Pvt Ltd, Janadhanya Farmers Producer Company Limited, Dharani FaM CooP Ltd, Mayoora Foods, Navan Foods LLC, Sydler India Pvt. LtdNature's LogicTata Consumer Products Limited (TCPL)

IMR posted new studies guide on Millet Market Insights with self-defined Tables and charts in presentable format. In the Study you may locate new evolving Trends, Drivers, Restraints, Opportunities generated via targeting market related stakeholders. The boom of the Millet marketplace became specifically driven with the aid of the growing R&D spending internationally.

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Millet Market Synopsis:

The Millet marketplace studies have a look at ensures the highest level of accuracy and reliability as we exactly study the general industry, masking all the market fundamentals. By leveraging a wide range of number one and secondary resources, we set up a sturdy basis for our findings. Industry-widespread tools like Porter's Five Forces Analysis, SWOT Analysis, pestle Analysis and Price Trend Analysis in addition enhance the comprehensiveness of our assessment. Our examine additionally discusses the entire Millet marketplace surroundings, explaining the various market stakeholders, their functions and interdependencies among them. Further, with an emphasis on complete segmentation evaluation and geographical coverage, the have a look at allows a profound expertise of nearby tendencies. Moreover, we discover outside factors presenting a comprehensive view of the market dynamics.

Segmentation Analysis:

Millet Market by Type (Finger Millet, Pearl Millet, Proso Millet, Foxtail Millet, Others), Application (Flour, Bakery Products, Infant Food, Steam Cooked Products, Porridges, Others), Distribution Channels (Supermarket, Trade Associations, Online Stores, Traditional Grocery Stores), and Region Global Market Analysis and Forecast, 2024-2032

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Millet Market Dynamics and Factors:

Rising health consciousness among urban consumers is propelling the global millet market. With lifestyle-related ailments like diabetes, obesity, and heart disease on the rise, millet’s rich nutritional profile packed with calcium, iron, and protein is gaining attention for its potential to support disease prevention. This shift is driving demand for healthier food alternatives, particularly in bakery mixes, where manufacturers are incorporating millet as a natural, gluten-free ingredient. The result is a balance of taste, texture, and nutrition, aligning with evolving consumer preferences for wholesome, better-for-you products.

Regional Analysis

Asia-Pacific is Expected to Dominate the Market Over the Forecast period

Geographically, the distinctive analysis of consumption, revenue, market share, and growth rate of the subsequent areas:

North America (U.S., Canada, Mexico)
Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Spain, Rest of Western Europe)
Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
Middle East & Africa (Türkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
South America (Brazil, Argentina, Rest of SA)

Key Industry Developments in the Millet Market:

In October 2024, Hyderabad-based millet snack start-up Troo Good secured $9 million in funding, led by Puro Wellness and supported by Oaks Asset Management and V Ocean Investments. The investment will enhance the company's infrastructure, distribution, and product innovation, aiming to solidify its presence in the healthy snacks market. With this round of funding, Troo Good's total capital raised reaches approximately ₹130 crore, following a previous ₹55 crore Series A round in November 2021. The company, which sells over 3 million units of millet snacks daily, plans to further expand its market share in the health-conscious consumer segment

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Study Objectives of this report are:

To study and analyze the global Millet market size (value and volume) by company, key regions/countries, products and application, history data from 2017 to 2023, and forecast to 2032.
To understand the structure of Millet market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market
Focuses on the key global Millet manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Millet with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Millet submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Introspective Market Research is a trusted partner for comprehensive market research studies. We are committed to providing businesses worldwide with comprehensive market research studies that offer valuable insights and strategic guidance

With a precise examination of the overall industry, our Millet market report guarantees the highest level of accuracy and reliability. We establish a strong foundation for our findings by leveraging a wide range of primary and secondary sources. Enhancing the comprehensiveness of our evaluation, we utilize industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.

Key Questions Answered In The Report

- How much is the Millet Market worth?

- At what CAGR is the market projected to grow over the estimated period?

- What factors contribute to the growth of the industry?

- Which region is anticipated to hold the largest share of the market?

- Which industry segment is projected to witness the fastest market growth?

- What are the key opportunities and trends industry participants might encounter?

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