Millet Industry Size and Expansion Potential by 2032

[preeti mmr]

Market Estimation & Definition
The Millet Industry was valued at approximately USD 11.92 billion in 2024, with expectations to reach USD 17.38 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.82% over the forecast period. Millets are a group of small-seeded cereal grains, including pearl millet, finger millet, foxtail millet, and proso millet. Known for their high nutritional content, millets are gluten-free, rich in fiber, proteins, and essential minerals, and are widely cultivated in regions with arid and semi-arid climates due to their drought-resistant properties.

Research Methodology:

In this report, the analysis of the future trends has incorporated with statistical and econometric methods which are further scrutinized by primary as well as secondary research. The research is carried out for analyzing the future trends for the studied market during the forecasted period. Maximize Market Research uses a thorough and iterative research technique with a minimal deviation focus to produce the most precise estimations and forecasts.

Gain Valuable Insights – Request Your Complimentary Sample Now @ https://www.maximizemarketresearch.com/request-sample/105674/ 

Market Key Dynamics:

Market Drivers:

Data on health indicators, published by NFHS (National Family Health Survey) report 2023 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.

Feel free to request a complimentary sample copy or view a summary of the report: https://www.maximizemarketresearch.com/request-sample/105674/ 

Segmentation Analysis
The millet market is segmented based on the following categories:

by Product Type

finger millet
pearl millet
Kodo millet
foxtail millet
proso millet
barnyard millet
little millet

by Application

Bread goods,
Alcoholic and non-alcoholic beverages
Breakfast foods
Infant food

by Distribution Channel

super and hypermarkets
grocers
online retailers
Others

Discover more insights in the full report: https://www.maximizemarketresearch.com/request-sample/105674/ 

Regional Insights:

The Asia –Pacific is emerging as a hotspot for activity around millets, with pearl millets being one of the most popular commodities due to its high volume share in the global trade. India contributes to nearly 20% of the global export value of Millets and thus is a key player in terms of ability to provide for global demand. China has shown gradual increase in the yields of millets. Other countries with relatively lower share in exports from India for Millets, like Kenya and Oman have shown even higher growth in the amount exported during the last few years.

Key Players in the Millet Market are:

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)

EXPLORE MORE REPORTS

Asia Pacific Frozen Pizza Market https://www.maximizemarketresearch.com/market-report/asia-pacific-frozen-pizza-market/22089/

Global Vanillin Market https://www.maximizemarketresearch.com/market-report/global-vanillin-market/106733/

Marigold Oleoresin Market https://www.maximizemarketresearch.com/market-report/marigold-oleoresin-market/191191/















About Us
 
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
 
Contact Maximize Market Research
 
MAXIMIZE MARKET RESEARCH PVT. LTD.
2nd Floor, Navale IT park Phase 3,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
[phone]
[e-mail]