Millet Market Trends and Forecast
The future of the global millet market looks promising with opportunities in the bakery, beverage, breakfast food, and fodder markets. The global millet market is expected to grow with a CAGR of 5.4% from 2025 to 2031. The major drivers for this market are the increasing demand for gluten free grains, the rising awareness about millet health benefits, and the growing use in functional food products.
• Lucintel forecasts that, within the type category, finger millet is expected to witness the highest growth over the forecast period.
• Within the application category, breakfast food is expected to witness the highest growth.
• In terms of region, APAC is expected to witness the highest growth over the forecast period.
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Emerging Trends in the Millet Market
The millet market is undergoing a significant transformation, influenced by increasing global awareness of health, sustainability, and food security. These emerging trends are creating new avenues for growth and shaping consumer preferences and industry practices worldwide.
• Mainstreaming as a Superfood: Millets are increasingly recognized for their superior nutritional profile, including being gluten-free, high in fiber, protein, and essential micronutrients. This "superfood" status is driving their integration into mainstream diets and various food products, moving beyond traditional consumption patterns.
• Product Diversification: Innovation in food processing is leading to a wider array of millet-based products. This includes ready-to-eat snacks, breakfast cereals, flours, pasta, noodles, and even beverages, appealing to modern consumers seeking convenient and healthy options, thereby expanding market reach.
• Plant-Based and Gluten-Free Appeal: The rising demand for plant-based and gluten-free dietary options is a significant driver. Millets naturally cater to these preferences, positioning them as a viable and nutritious alternative to traditional grains like wheat and rice for individuals with dietary restrictions or lifestyle choices.
• Climate Resilience and Sustainability: MilletsÄX%$%X inherent ability to grow in harsh, arid conditions with minimal water and inputs makes them crucial for sustainable agriculture and climate change adaptation. This ecological advantage resonates with environmentally conscious consumers and policymakers, driving cultivation and promotion efforts.
• Government Initiatives and International Promotion: Global and national initiatives, such as the UNÄX%$%Xs "International Year of Millets 2023," have significantly raised awareness and supported millet cultivation and consumption. These programs, including subsidies and research funding, are crucial in mainstreaming millets and developing their value chain.
These emerging trends are profoundly reshaping the millet market by enhancing its appeal as a versatile, healthy, and sustainable grain. The diversification of products, coupled with strong promotional efforts, is driving millets from niche crops to mainstream staples, influencing dietary habits and agricultural practices globally.
Recent Development in the Millet Market
The millet market has witnessed several significant recent developments, primarily driven by a global surge in awareness regarding its health benefits, environmental sustainability, and versatility in diverse food applications. These advancements are boosting production, processing, and consumption worldwide.
• International Year of Millets (IYM 2023): The declaration of 2023 as the International Year of Millets by the UN, championed by India, provided unprecedented global visibility and spurred research, policy support, and consumer awareness campaigns, significantly accelerating market growth and mainstreaming millets.
• Product Innovation and Value Addition: There has been a rapid increase in the development of innovative, value-added millet products. This includes gluten-free flours, ready-to-eat snacks, breakfast cereals, millet-based pasta, and even beverages, catering to modern consumer preferences for convenience and health.
• Enhanced Processing Technologies: Investments in advanced processing technologies are improving the efficiency of de-hulling, milling, and other post-harvest operations for millets. These technological advancements are critical for enhancing the shelf life, taste, and sensory appeal of millet products, making them more attractive to consumers.
• Increased Government Support: Many governments, particularly in Asia and Africa, are implementing policies and incentives to promote millet cultivation, research, and inclusion in public distribution systems. This institutional support aims to improve food security, diversify agriculture, and boost farmer incomes.
• Growing Adoption in Developed Markets: Millets are gaining significant traction in developed countries like the US and Germany, driven by health trends (gluten-free, high fiber) and sustainable food choices. This expanded geographical reach is opening new export markets and increasing global demand.
These recent developments are collectively impacting the millet market by elevating its status as a healthy and sustainable food, fostering product innovation, and expanding its global footprint. The increased awareness and policy support are transforming millets into a more prominent component of global food systems.
Strategic Growth Opportunities in the Millet Market
Strategic growth opportunities in the millet market are primarily concentrated across key applications, driven by their unique nutritional profile, adaptability, and the growing consumer demand for healthier and more sustainable food choices. Identifying these specific avenues allows companies to capitalize on expanding market demands.
• Functional Foods and Beverages: This segment offers significant growth, as millets can be incorporated into health-oriented products due to their high fiber, protein, and micronutrient content. Opportunities exist in developing millet-based energy bars, health drinks, and fortified breakfast cereals that appeal to health-conscious consumers.
• Gluten-Free Products: The surging demand for gluten-free alternatives provides a robust growth area. Millets are naturally gluten-free, making them ideal for developing a wide range of gluten-free flours, breads, pasta, and baked goods, targeting individuals with celiac disease or gluten sensitivity.
• Infant and Early Childhood Nutrition: Millets offer excellent nutritional value for infant and young child feeding, being rich in iron, calcium, and easily digestible. Strategic opportunities lie in developing millet-based infant formulas, porridges, and fortified complementary foods to address malnutrition and promote healthy growth.
• Snack and Convenience Foods: The increasing consumer preference for convenient and healthy snacking options presents a major opportunity. Millet-based snacks, such as puffs, chips, crackers, and ready-to-eat meals, can cater to this demand, offering nutritious alternatives to traditional processed snacks.
• Animal Feed and Fodder: Beyond human consumption, millets serve as a sustainable and nutritious feed for livestock and poultry, especially in arid regions. Growth opportunities exist in developing millet-based feed formulations that enhance animal health and productivity, contributing to sustainable livestock farming.
These strategic growth opportunities are profoundly impacting the millet market by diversifying its applications beyond traditional uses. Companies that strategically invest in these areas through product innovation, R&D, and targeted marketing can capture substantial market share and drive overall market expansion.
Millet Market Driver and Challenges
The millet market is influenced by a dynamic interplay of various technological, economic, and regulatory factors. These elements simultaneously propel market growth by increasing demand and expanding applications, while also posing obstacles that require strategic navigation for sustained development and market stability.
The factors responsible for driving the millet market include:
1. Nutritional Benefits: The primary driver is increasing global awareness of milletsÄX%$%X superior nutritional profile, including their gluten-free nature, high fiber, protein, vitamins, and minerals. This makes them attractive to health-conscious consumers and those with specific dietary needs like celiac disease or diabetes.
2. Climate Resilience: Millets are highly resilient crops, requiring less water and thriving in diverse and often harsh climatic conditions, including drought-prone areas. This makes them crucial for sustainable agriculture, food security, and adapting to climate change, garnering significant policy and research support.
3. Government Support: Strong government initiatives and international campaigns, such as the UNÄX%$%Xs "International Year of Millets 2023" and national policies promoting cultivation and consumption, are significantly boosting awareness, production, and market access for millets worldwide.
4. Growing Health and Wellness Trend: The broader consumer shift towards healthier eating habits, preventive healthcare, and natural ingredients fuels demand for millets. Their low glycemic index and ability to combat various lifestyle diseases position them favorably in this trend.
5. Product Diversification: Innovations in processing technology have enabled the creation of a wide range of value-added millet products, including flours, snacks, breakfast cereals, and ready-to-eat meals. This diversification makes millets more appealing and accessible to a wider consumer base.
Challenges in the millet market are:
1. Limited Processing Infrastructure: A significant challenge is the lack of adequate and efficient processing infrastructure, particularly for diverse millet varieties. Small grain size and hard outer husks make processing difficult, leading to higher costs and limiting value addition and commercialization.
2. Low Consumer Awareness in Non-Traditional Markets: Despite recent promotional efforts, consumer awareness and familiarity with millets remain relatively low in many non-traditional markets. This lack of familiarity can hinder widespread adoption and necessitate significant marketing and educational efforts.
3. Competition from Staple Grains: Millets face strong competition from well-established staple grains like rice and wheat, which benefit from extensive cultivation, processing infrastructure, and deeply ingrained dietary habits. Overcoming this preference requires sustained efforts to highlight milletÄX%$%Xs unique advantages.
These drivers and challenges collectively shape the millet market. While the strong impetus from nutritional awareness, climate resilience, and government support propels market growth and diversification, addressing infrastructure gaps, increasing consumer familiarity, and navigating competition from conventional grains remain critical for sustained expansion and mainstream adoption.
List of Millet Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies millet companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the millet companies profiled in this report include-
• Archer Daniels Midland Company
• Cargill
• Bunge Limited
• Bayer Crop Science
• Wise Seed Company
• Ardent Mills
• E.I Dupont De Nemours and Company
• Brett-Young Seeds Limited
• Ernst Conservation Seeds
• Roundstone Native Seed Company
Millet Market by Segment
The study includes a forecast for the global millet market by type, application, and region.
Millet Market by Type [Value from 2019 to 2031]:
• Pearl Millet
• Finger Millet
• Proso Millet
• Foxtail Millet
• Others
Millet Market by Application [Value from 2019 to 2031]:
• Bakery
• Beverages
• Breakfast Foods
• Fodder
• Others
Millet Market by Region [Value from 2019 to 2031]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Millet Market
The millet market is currently experiencing a significant resurgence globally, driven by growing consumer awareness of its nutritional benefits, gluten-free properties, and climate resilience. Efforts to promote sustainable agriculture and diversify food systems are further propelling demand, leading to innovations in product development and processing across various regions.
• United States: The U.S. millet market is experiencing notable growth, fueled by rising health consciousness and demand for gluten-free and ancient grains. Millet is increasingly found in breakfast foods, snacks, and baked goods. Proso millet, in particular, is gaining traction due to its adaptability and nutritional profile, appealing to consumers seeking healthier dietary options.
• China: ChinaÄX%$%Xs millet market is seeing substantial acreage expansion, with a reported 30%+ increase in planting area for 2024/25, driven by government support and consumer demand for healthy, sustainable food. Traditional millet products are being modernized into trendy snacks and packaged foods, with significant investments in processing technologies and promotional efforts.
• Germany: GermanyÄX%$%Xs millet market is growing steadily, propelled by a strong organic food sector and consumer preference for natural and gluten-free alternatives. Millet is increasingly incorporated into breakfast cereals, bread, and snacks. Its climate resilience and low water requirements also align with GermanyÄX%$%Xs focus on sustainable agriculture and environmentally friendly food products.
• India: India, a leading global producer, is witnessing a major resurgence in its millet market, significantly boosted by the "International Year of Millets 2023" initiative. Government support, increased consumer awareness of nutritional benefits, and diversification into value-added products like snacks and breakfast cereals are driving both domestic consumption and exports.
• Japan: JapanÄX%$%Xs millet market is seeing developments driven by health-conscious consumers and an interest in diverse grains. While specific large-scale developments are less highlighted, the general global trend of embracing millets for their nutritional value likely translates to increasing availability in health food stores and specialized food products.
Features of the Global Millet Market
Market Size Estimates: Millet market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.
Segmentation Analysis: Millet market size by type, application, and region in terms of value ($B).
Regional Analysis: Millet market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the millet market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the millet market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for millet market?
Answer: The global millet market is expected to grow with a CAGR of 5.4% from 2025 to 2031.
Q2. What are the major drivers influencing the growth of the millet market?
Answer: The major drivers for this market are the increasing demand for gluten free grains, the rising awareness about millet health benefits, and the growing use in functional food products.
Q3. What are the major segments for millet market?
Answer: The future of the millet market looks promising with opportunities in the bakery, beverage, breakfast food, and fodder markets.
Q4. Who are the key millet market companies?
Answer: Some of the key millet companies are as follows:
• Archer Daniels Midland Company
• Cargill
• Bunge Limited
• Bayer Crop Science
• Wise Seed Company
• Ardent Mills
• E.I Dupont De Nemours and Company
• Brett-Young Seeds Limited
• Ernst Conservation Seeds
• Roundstone Native Seed Company
Q5. Which millet market segment will be the largest in future?
Answer: Lucintel forecasts that, within the type category, finger millet is expected to witness the highest growth over the forecast period.
Q6. In millet market, which region is expected to be the largest in next 5 years?
Answer: In terms of region, APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the millet market by type (pearl millet, finger millet, proso millet, foxtail millet, and others), application (bakery, beverages, breakfast foods, fodder, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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