Millets Market Outlook, Share, Trends And Forecast 2023

Written by Harsh  »  Updated on: October 05th, 2024

According to Regional Research Reports, the Global Millets Market is expected to achieve exponential industrial growth, be valued at USD 11.4 billion in 2022, and reach USD 17.9 billion by 2033, at a CAGR of 4.6% over the forecast period of 2023-2033.

Millets Market Overview

The global millets market research report provides an in-depth analysis, including critical factors such as the overall size of the global market, in both regional and country-level terms, as well as market share, market growth, an analysis of recent developments, partnerships and opportunities, sales and competitive landscape analysis, expected product launches, technological innovations (both developed and in-progress), and market share values.

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Key Segments Covered in the Millets Market Industry Survey

The millets market has been segmented based on Product Type and Application/End-User. The market is analyzed at a regional and global levels with considering the secondary and primary sources

Millets Market by Product Type (Revenue Sales, USD Billion, 2022-2033)

Pearl Millet

Foxtail Millet

Sorghum

Finger Millet

Others

Millets Market by Application/End-User (Revenue Sales, USD Billion, 2022-2033)

Ready To Eat Food

Bakery

Beverages

Breakfast

Others

Millets Market by Region:

North America Millets Market

Latin America Millets Market

Europe Millets Market

Asia Pacific Millets Market

Middle East and Africa Millets Market

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Competitive Landscape and Startup Scenario:

Our competitive landscape analysis of the millets market will include an examination of market competition by company, including an overview, business description, product portfolio, key financials, and SWOT analysis. Market probability scenarios, a Pestel, Porter's Five Forces analysis, supply chain analysis, and market expansion strategies are also included.

Leading players operating in the Millets Market include:

Mayoora Foods

Navan Foods, Llc

Sydler India Pvt. Ltd.

Nestle S.A., Nature’S Logic.

Sresta Natural Bioproducts Pvt. Ltd.

Dharani Famcoop Ltd.

(Note: In the final report, we prefer maximum-to-maximum leading firms with the recent development, partnership, and acquisition of the companies.)

Types of Millets

Pearl Millet (Bajra)

Finger Millet (Ragi)

Foxtail Millet

Sorghum (Jowar)

Barnyard Millet

Proso Millet

Little Millet

Kodo Millet

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Nutritional Profile

Macronutrients: Millets are rich in carbohydrates, proteins, and dietary fiber.

Micronutrients: They contain high levels of essential minerals like iron, magnesium, phosphorus, potassium, and zinc. They are also a good source of vitamins, particularly B vitamins.

Health Benefits:

Millets are gluten-free, making them suitable for people with celiac disease.

They help in managing diabetes by reducing blood sugar spikes.

They aid in digestion and promote gut health due to high fiber content.

Millets may reduce cholesterol levels and improve heart health.

Agronomic Practices

Climate and Soil Requirements: Millets are highly adaptive to arid and semi-arid regions, requiring minimal water and thriving in poor soils.

Cultivation Techniques: Traditional farming methods, sowing methods, fertilization, and crop rotation practices.

Sustainability: Millets are resilient to climate change and can be grown with less water, making them ideal for sustainable farming practices.

Millets and Food Security

Resilience to Climate Change: Due to their drought tolerance, millets are gaining attention as a solution to food insecurity in regions affected by climate change.

Role in Global Food Systems: Promoting millet cultivation can help diversify the global food system and reduce dependence on major cereals like wheat and rice.

Economic Significance and Market Trends

Global Millet Production: Overview of the leading millet-producing countries (India, Nigeria, Niger, etc.).

Global and Regional Markets: Market demand, supply chains, and consumer trends (organic, gluten-free, etc.).

Export and Import Data: Millets' role in international trade.

Government Policies and Support: Programs and policies promoting millet production and consumption.

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Future Prospects

Research and Innovation: Breeding programs for high-yield millet varieties, pest-resistant strains, and improved cultivation techniques.

Promoting Millet-Based Products: Value-added millet products like millet flour, ready-to-eat snacks, and health drinks.

Sustainability Goals: Aligning millet production with global sustainability goals like SDG 2 (Zero Hunger) and SDG 13 (Climate Action).

Regional Research Reports: has instantiated a report providing a complex analysis of the market trends that significantly affected the overall market growth. Also, it includes detailed information on the graph of profitability, market share, SWOT analysis, and regional proliferation of this business. Likewise, the report offers insights into the current stature of leading market players or companies in the competitive landscape analysis of the report.

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