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Millets Market by Global millets market is largely unorganized and fragmented. The products have presence of various medium sized processors. They are largely grown by small landholding farmers and farmers organizations. Millets processors such as: (Janadhanya Farmers Producer Company Limited, Dharani FaM CooP Ltd etc., Treta Agro (P) Ltd, Sresta Natural Bioproducts Pvt Ltd), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Netherlands, Sweden, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Thailand, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Rest of Latin America), by MEA (Saudi Arabia, UAE, South Africa, Egypt, Nigeria, Rest of MEA) Forecast 2025-2033
The size of the Millets Market market was valued at USD 9 Billion in 2024 and is projected to reach USD 12.25 Billion by 2033, with an expected CAGR of 4.5% during the forecast period. As a consumer trend turns increasingly towards nutritional, gluten-free, and eco-friendly food choices, the market of millets has grown drastically. Millets is a category of small-grained grains which were first farmed thousands of years ago. Its consumption in places such as Asia and Africa is wide. These grains are full of essential nutrients, including fiber, proteins, vitamins, and minerals, which makes them popular among health-conscious people and those with dietary restrictions such as gluten intolerance or celiac disease. With increasing awareness about the health benefits of millets, there is an increasing demand for millet-based products like flours, snacks, breakfast cereals, and beverages. Millets are also highly sustainable crops as they consume less water and have abilities to grow in drought-prone regions, hence becoming an important element for promoting food security and combating climate change. The market is driven by factors such as the rising prevalence of chronic diseases, the preference of people for more plant-based and gluten-free diets, and the popularity of traditional and organic foods. The millets are also attracting the attention of the food processing industry, with incorporation into novel products such as energy bars, baked goods, and ready-to-eat meals. The key players in the millets market are Britannia, AgroTech, and Pearl Millet, among a variety of smaller-scale local producers that focus on organic and sustainable millet products. With issues such as lack of awareness and penetration still facing the millets market, the future seems bright for millets as demand for healthier and more sustainable food options continues to rise globally.
The millets market is characterized by a large number of small and medium-sized processors. The industry is largely unorganized and fragmented, with various regional players operating in their respective markets. However, there is a growing trend towards consolidation, particularly in emerging markets. Regulations, product substitutes (such as rice and wheat), end-user concentration, and mergers and acquisitions (M&A) also influence the market's characteristics.
The market analysis provides quantitative and qualitative insights into the global millets market. It covers market size, market share, growth rate, and major market segments. The analysis also examines the competitive landscape and the key factors driving market growth.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4.5% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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