Global Millet Market Overview

Global Millet Market was valued at USD 10.47 billion in 2021 and is expected to reach USD 14.44 billion by the year 2028, at a CAGR of 4.7%.

Millets are a group of small-seeded grasses that are commonly farmed as cereal crops or grains for fodder and human nourishment all over the world. Millets are commonly classified as belonging to the Paniceae tribe, but certain millets are classified as belonging to other taxa. Millets are major crops in Asia and Africa's semiarid tropics (particularly in India, Mali, Nigeria, and Niger), with developing countries producing 97 percent of millet. The crop is valued because of its great production and short growing season in hot, dry circumstances. Millets can be found growing wild in many places of the world. Pearl millet is the most extensively planted millet, and it is a major crop in India and portions of Africa. Other important agricultural species include finger millet, Proso millet, and foxtail millet. Millets may have been consumed by humans for 7,000 years and may have played a "key role" in the development of multi-crop agriculture and permanent farming cultures.

The recovery of millet consumption in various nations has boosted this market's growth potential in recent years. There are various strategies in the works to improve millet cultivation and consumption to lower the risks of diabetes, obesity, and cardiovascular disease. Millet is crucial for food security and economic development in many African and Asian countries. Because of its gluten-free and hypoglycemic qualities, it is gaining popularity in Europe and North America. Millet is a tiny grain seed with exceptional nutritional qualities. It outperforms several high-consumption grains like rice and wheat in terms of nutritional value. Millet has gotten less attention than the primary grain, despite its outstanding nutritional characteristics. Furthermore, global Millet imports have reached $196 million in 2020. According to merchandise trade figures from 119 nations, it was $178 million the prior year. Furthermore, in 2020, the United States has accounted for 24 percent of global exports ($46 million), Ukraine 15.8 percent ($29 million), India 13.4 percent ($24 million), France 6.08 percent ($11.2 million), and Russia 5.96 percent ($11 million). 

Millet Market

Market Dynamics and Factors for the Millet Market:

Drivers:

Growing Health Consciousness among the Consumers
During the forecast period, the global millet market would be driven by increased awareness among the urban population about the health benefits associated with millet consumption. A variety of ailments have been linked to changes in lifestyle and eating habits, including diabetes, obesity, myocardial infarction, coronary heart disease, and arrhythmia. Millet is high in minerals and proteins including calcium and iron, which can aid in the prevention of various disorders. Consumer demand for healthier bakery mixes is driving manufacturers to employ natural gluten-free ingredients that deliver the same flavor and consistency without excessive levels of saturated and trans-fats. Millet's market share could grow if people adopt healthier eating habits and a greater willingness to switch to low-calorie options. Due to crucial elements such as climate change, the millet business is predicted to exhibit significant earnings during the forecast period. Millet, on the other hand, will be a more crucial solution for farmers. Millet is the drought's final crop, and it can withstand exceptionally hot temperatures. Millet is also ideal for the major global health food trends, such as ancient grains gluten-free, superfoods, good for weight loss, and low glycemic index, so it is necessary to leverage on it now to drive the market and research. Farmers began to cultivate millet through wheat and rice in response to rising demand in Asian and Pacific countries, particularly China and India.

Restraints:

High Production cost and Short Shelf Life
High product costs, along with the fact that grains are largely consumed, are limiting penetration in the urbanized food industry. Millet prices are often higher than rice and wheat prices due to a poor supply chain and lower production volume. Millet has a short shelf life, which is thought to impede its market expansion. Difficult handling is a major issue that reduces customer demand and raises the risk of minority accounting. As a result, the millet market is expected to increase slowly throughout the forecast period.

Opportunities:

Growing Demand for Gluten-Free Products
Gluten-free qualities should make it easier to make low-GI and gluten-free dishes. Many underdeveloped countries and federal governments have long-term nutrition plans in place to tackle hunger. Increase the growth of the industry through promoting government programs and including millet in a variety of foods and beverages. Advanced scientific procedures, on the other hand, are constantly used, and efforts are being made to identify simple and easy solutions to extend the shelf life. Millet and related items are in high demand, and this gives a solid business potential in the coming year.

Market Segmentation

By Type, the pearl millet segment is expected to capture the maximum millet market share over the forecast period. Almost half of the world's millet is produced with this product. In the Asia Pacific and Africa regions, the aforementioned product is regarded as the most important millet species in terms of harvested areas and contributions to food security. Millet production in India is the world's largest in terms of volume. Furthermore, wheat, along with rice and corn, is the most widely consumed cereal in the world, yet it contains gluten, a protein that causes gastrointestinal issues such as bloating, flatulence, and irritable bowel syndrome. Pearl millet, on the other hand, is gluten-free and is most usually used as a gluten-free replacement.

By Application, the bakery product segment is anticipated to dominate the millet market over the forecast period. Bakery products, such as packaged cookies, are becoming more popular as they become more readily available in supermarkets, hypermarkets, and e-commerce sites, particularly in Asia-Pacific countries. Furthermore, millet is high in both soluble and insoluble dietary fiber. Millet's insoluble fiber is a "prebiotic," which means it helps your digestive system's healthy bacteria thrive. This sort of fiber also helps keep you regular and lowers your risk of colon cancer by adding bulk to your stools.

In the millets business, distribution channels are extremely important since they provide for greater exposure to the general market. Agriculture trade associations have traditionally included middlemen. Processors frequently collaborate with farmers to obtain crops directly from them. FPOs (farmer producer organizations) are now playing an increasingly important role in product procurement and distribution. Consumers buy the product and similar processed goods such as bakery products, cereals, and other items from traditional grocery stores, which are part of the open market. Online stores, also known as e-commerce sites, are increasingly becoming a viable distribution channel for product processors, and are expected to develop at a healthy rate over the projection period. It is one of the most well-known channels for packaged millet brands, and it assists processors in establishing their supply chain, which includes services like home delivery. It also reduces their reliance on traditional grocery stores and third-party vendors.

Players Covered in Millet market are :

Regional Analysis for the Millet Market:

The Asia Pacific and Africa regions are expected to hold the maximum millet market during the forecast period. India is the world's leading millet producer. Global millet production was anticipated at 28.4 million metric tons in 2019, according to the FAO. India is the world's largest producer, accounting for 41.0 percent of the global market. Millet's prominence as a food staple has declined in India over the previous two decades due to a variety of causes, including increased earnings, urbanization, and government policy. Currently, more than 50.0 percent of millet output is going to other applications rather than being consumed just as a staple. Furthermore, during the projection period, Africa would dominate worldwide millet consumption. African countries, including Niger, Mali, Nigeria, Burkina Faso, and Sudan, consume more than 40.0 percent of the world's millet. Millets are widely consumed in poor countries such as India and Africa, where food and nutrition security are key concerns. The arid climatic zones of countries in a sub-region of Africa are ideal for millet cultivation.

North America is expected to hold its position of being the largest market for millets, closely followed by Asia-Pacific excluding Japan (APEJ) based on the revenues. Revenues from sales of millets in North America and APEJ will capture more than one-third share of the overall market over the projected period.

Key Industry Developments in the Millet Market:

  • In October 2021, Crystal Crop Protection, a leading crop solution company focused on research and development, has signed a definitive agreement with Bayer to purchase cotton, mustard, pearl millet, and grain sorghum hybrids in India. Both companies will collaborate to complete the deal by December 2021. Crystal Crop Protection's acquisition represents a very minor part of Bayer's Indian and global business portfolio.
  • In February 2021, Tata Consumer Products Limited (TCPL) stated that it has inked definitive agreements to buy Kottaram Agro Foods (KAF), the owner of the "Soulful" brand, outright. This move is in line with TCPL's strategic goal of expanding its product portfolio and engaging in a variety of consumer opportunities. The 'Soulfull' brand was launched in 2013 by Prashant Parameswaran, Rasika Prashant, Dr. KK Narayanan, and Amith Sebastian, who founded KAF. With a range of millet products for kids and adults, the brand competes in the health and wellness food segment. It is one of the fastest-growing brands in the Indian packaged food market for "better for you."

COVID-19 Impact on the Millet Market:

COVID-19's situation in 2020 had a beneficial and negative impact on the millet market. On the negative side, the market has seen supply chain disruptions, workforce shortages, and the closure of small processing units as a result of periodic lockdowns. The impact of the coronavirus on the food chain has resulted in a drop in market demand, particularly in China. The food and beverage business is also facing numerous obstacles, owing to the lockdown and transit constraints. Restaurants and food chains are closing as a result of social alienation and cleanup orders, significantly harming the millet market. Despite all of these negative implications, retail sales increased significantly. People switched from eating junk foods to eating nutrient-dense super foods like millets and their derivatives to strengthen their immunity. During the projection period, consumer demand for millets as a healthy alternative is expected to expand. When marketplaces and production units around the world were shuttered, product production, sale, and marketing came to an end. It also gave the organization the chance to strengthen its supply chain ties and potential business models.

Global Millet Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 10.47 Bn.

Forecast Period 2022-28 CAGR:

4.7%

Market Size in 2028:

USD 14.44 Bn.

Segments Covered:

By Type

  • Finger Millet
  • Pearl Millet
  • Proso Millet
  • Foxtail Millet
  • Others

By Application

  • Flour
  • Bakery Products
  • Infant Food
  • Steam Cooked Products
  • Porridges
  • Others

By Distribution Channels

  • Supermarket
  • Trade Associations
  • Online Stores
  • Traditional Grocery Stores

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Health Consciousness Among the Consumers

Key Market Restraints:

  • High Production Cost and Short Shelf Life

Key Opportunities:

  • Growing Demand for Gluten-Free Products

Companies Covered in the report:

  • Archer Daniels Midland Company, Cargill Inc., Nestle S.A., Wise Seed Company Inc., Roundstone Native Seed Company, and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application
 3.3 By Distribution Channels

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Millet Market by Type
 5.1 Millet Market Overview Snapshot and Growth Engine
 5.2 Millet Market Overview
 5.3 Finger Millet
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Finger Millet: Grographic Segmentation
 5.4 Pearl Millet
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Pearl Millet: Grographic Segmentation
 5.5 Proso Millet
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Proso Millet: Grographic Segmentation
 5.6 Foxtail Millet
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Foxtail Millet: Grographic Segmentation
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others: Grographic Segmentation

Chapter 6: Millet Market by Application
 6.1 Millet Market Overview Snapshot and Growth Engine
 6.2 Millet Market Overview
 6.3 Flour
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Flour: Grographic Segmentation
 6.4 Bakery Products
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Bakery Products: Grographic Segmentation
 6.5 Infant Food
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Infant Food: Grographic Segmentation
 6.6 Steam Cooked Products
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Steam Cooked Products: Grographic Segmentation
 6.7 Porridges
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Porridges: Grographic Segmentation
 6.8 Others
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size (2016-2028F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Others: Grographic Segmentation

Chapter 7: Millet Market by Distribution Channels
 7.1 Millet Market Overview Snapshot and Growth Engine
 7.2 Millet Market Overview
 7.3 Supermarket
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Supermarket: Grographic Segmentation
 7.4 Trade Associations
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Trade Associations: Grographic Segmentation
 7.5 Online Stores
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Online Stores: Grographic Segmentation
 7.6 Traditional Grocery Stores
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2016-2028F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Traditional Grocery Stores: Grographic Segmentation

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Positioning
  8.1.2 Millet Sales and Market Share By Players
  8.1.3 Industry BCG Matrix
  8.1.4 Ansoff Matrix
  8.1.5 Millet Industry Concentration Ratio (CR5 and HHI)
  8.1.6 Top 5 Millet Players Market Share
  8.1.7 Mergers and Acquisitions
  8.1.8 Business Strategies By Top Players
 8.2 ARCHER DANIELS MIDLAND COMPANY
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Operating Business Segments
  8.2.5 Product Portfolio
  8.2.6 Business Performance
  8.2.7 Key Strategic Moves and Recent Developments
  8.2.8 SWOT Analysis
 8.3 CARGILL INC.
 8.4 NESTLE S.A.
 8.5 WISE SEED COMPANY INC.
 8.6 ROUNDSTONE NATIVE SEED COMPANY
 8.7 E.I. DUPONT DE NEMOURS AND COMPANY
 8.8 BAYER CROP SCIENCE AG
 8.9 ERNST CONSERVATION SEEDS
 8.10 BRETT-YOUNG SEEDS LIMITED
 8.11 TRETA AGRO (P) LTD
 8.12 SRESTA NATURAL BIOPRODUCTS PVT LTD
 8.13 JANADHANYA FARMERS PRODUCER COMPANY LIMITED
 8.14 DHARANI FAM COOP LTD
 8.15 MAYOORA FOODS
 8.16 NAVAN FOODS LLC
 8.17 SYDLER INDIA PVT. LTD.
 8.18 NATURE'S LOGIC.
 8.19 TATA CONSUMER PRODUCTS LIMITED (TCPL)
 8.20 OTHER MAJOR PLAYERS

Chapter 9: Global Millet Market Analysis, Insights and Forecast, 2016-2028
 9.1 Market Overview
 9.2 Historic and Forecasted Market Size By Type
  9.2.1 Finger Millet
  9.2.2 Pearl Millet
  9.2.3 Proso Millet
  9.2.4 Foxtail Millet
  9.2.5 Others
 9.3 Historic and Forecasted Market Size By Application
  9.3.1 Flour
  9.3.2 Bakery Products
  9.3.3 Infant Food
  9.3.4 Steam Cooked Products
  9.3.5 Porridges
  9.3.6 Others
 9.4 Historic and Forecasted Market Size By Distribution Channels
  9.4.1 Supermarket
  9.4.2 Trade Associations
  9.4.3 Online Stores
  9.4.4 Traditional Grocery Stores

Chapter 10: North America Millet Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Finger Millet
  10.4.2 Pearl Millet
  10.4.3 Proso Millet
  10.4.4 Foxtail Millet
  10.4.5 Others
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Flour
  10.5.2 Bakery Products
  10.5.3 Infant Food
  10.5.4 Steam Cooked Products
  10.5.5 Porridges
  10.5.6 Others
 10.6 Historic and Forecasted Market Size By Distribution Channels
  10.6.1 Supermarket
  10.6.2 Trade Associations
  10.6.3 Online Stores
  10.6.4 Traditional Grocery Stores
 10.7 Historic and Forecast Market Size by Country
  10.7.1 U.S.
  10.7.2 Canada
  10.7.3 Mexico

Chapter 11: Europe Millet Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Finger Millet
  11.4.2 Pearl Millet
  11.4.3 Proso Millet
  11.4.4 Foxtail Millet
  11.4.5 Others
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Flour
  11.5.2 Bakery Products
  11.5.3 Infant Food
  11.5.4 Steam Cooked Products
  11.5.5 Porridges
  11.5.6 Others
 11.6 Historic and Forecasted Market Size By Distribution Channels
  11.6.1 Supermarket
  11.6.2 Trade Associations
  11.6.3 Online Stores
  11.6.4 Traditional Grocery Stores
 11.7 Historic and Forecast Market Size by Country
  11.7.1 Germany
  11.7.2 U.K.
  11.7.3 France
  11.7.4 Italy
  11.7.5 Russia
  11.7.6 Spain
  11.7.7 Rest of Europe

Chapter 12: Asia-Pacific Millet Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Finger Millet
  12.4.2 Pearl Millet
  12.4.3 Proso Millet
  12.4.4 Foxtail Millet
  12.4.5 Others
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Flour
  12.5.2 Bakery Products
  12.5.3 Infant Food
  12.5.4 Steam Cooked Products
  12.5.5 Porridges
  12.5.6 Others
 12.6 Historic and Forecasted Market Size By Distribution Channels
  12.6.1 Supermarket
  12.6.2 Trade Associations
  12.6.3 Online Stores
  12.6.4 Traditional Grocery Stores
 12.7 Historic and Forecast Market Size by Country
  12.7.1 China
  12.7.2 India
  12.7.3 Japan
  12.7.4 Singapore
  12.7.5 Australia
  12.7.6 New Zealand
  12.7.7 Rest of APAC

Chapter 13: Middle East & Africa Millet Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Finger Millet
  13.4.2 Pearl Millet
  13.4.3 Proso Millet
  13.4.4 Foxtail Millet
  13.4.5 Others
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Flour
  13.5.2 Bakery Products
  13.5.3 Infant Food
  13.5.4 Steam Cooked Products
  13.5.5 Porridges
  13.5.6 Others
 13.6 Historic and Forecasted Market Size By Distribution Channels
  13.6.1 Supermarket
  13.6.2 Trade Associations
  13.6.3 Online Stores
  13.6.4 Traditional Grocery Stores
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Turkey
  13.7.2 Saudi Arabia
  13.7.3 Iran
  13.7.4 UAE
  13.7.5 Africa
  13.7.6 Rest of MEA

Chapter 14: South America Millet Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Finger Millet
  14.4.2 Pearl Millet
  14.4.3 Proso Millet
  14.4.4 Foxtail Millet
  14.4.5 Others
 14.5 Historic and Forecasted Market Size By Application
  14.5.1 Flour
  14.5.2 Bakery Products
  14.5.3 Infant Food
  14.5.4 Steam Cooked Products
  14.5.5 Porridges
  14.5.6 Others
 14.6 Historic and Forecasted Market Size By Distribution Channels
  14.6.1 Supermarket
  14.6.2 Trade Associations
  14.6.3 Online Stores
  14.6.4 Traditional Grocery Stores
 14.7 Historic and Forecast Market Size by Country
  14.7.1 Brazil
  14.7.2 Argentina
  14.7.3 Rest of SA

Chapter 15 Investment Analysis

Chapter 16 Analyst Viewpoint and Conclusion

Global Millet Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 10.47 Bn.

Forecast Period 2022-28 CAGR:

4.7%

Market Size in 2028:

USD 14.44 Bn.

Segments Covered:

By Type

  • Finger Millet
  • Pearl Millet
  • Proso Millet
  • Foxtail Millet
  • Others

By Application

  • Flour
  • Bakery Products
  • Infant Food
  • Steam Cooked Products
  • Porridges
  • Others

By Distribution Channels

  • Supermarket
  • Trade Associations
  • Online Stores
  • Traditional Grocery Stores

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growing Health Consciousness Among the Consumers

Key Market Restraints:

  • High Production Cost and Short Shelf Life

Key Opportunities:

  • Growing Demand for Gluten-Free Products

Companies Covered in the report:

  • Archer Daniels Midland Company, Cargill Inc., Nestle S.A., Wise Seed Company Inc., Roundstone Native Seed Company, and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. MILLET MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. MILLET MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. MILLET MARKET COMPETITIVE RIVALRY
TABLE 005. MILLET MARKET THREAT OF NEW ENTRANTS
TABLE 006. MILLET MARKET THREAT OF SUBSTITUTES
TABLE 007. MILLET MARKET BY TYPE
TABLE 008. FINGER MILLET MARKET OVERVIEW (2016-2028)
TABLE 009. PEARL MILLET MARKET OVERVIEW (2016-2028)
TABLE 010. PROSO MILLET MARKET OVERVIEW (2016-2028)
TABLE 011. FOXTAIL MILLET MARKET OVERVIEW (2016-2028)
TABLE 012. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 013. MILLET MARKET BY APPLICATION
TABLE 014. FLOUR MARKET OVERVIEW (2016-2028)
TABLE 015. BAKERY PRODUCTS MARKET OVERVIEW (2016-2028)
TABLE 016. INFANT FOOD MARKET OVERVIEW (2016-2028)
TABLE 017. STEAM COOKED PRODUCTS MARKET OVERVIEW (2016-2028)
TABLE 018. PORRIDGES MARKET OVERVIEW (2016-2028)
TABLE 019. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 020. MILLET MARKET BY DISTRIBUTION CHANNELS
TABLE 021. SUPERMARKET MARKET OVERVIEW (2016-2028)
TABLE 022. TRADE ASSOCIATIONS MARKET OVERVIEW (2016-2028)
TABLE 023. ONLINE STORES MARKET OVERVIEW (2016-2028)
TABLE 024. TRADITIONAL GROCERY STORES MARKET OVERVIEW (2016-2028)
TABLE 025. NORTH AMERICA MILLET MARKET, BY TYPE (2016-2028)
TABLE 026. NORTH AMERICA MILLET MARKET, BY APPLICATION (2016-2028)
TABLE 027. NORTH AMERICA MILLET MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 028. N MILLET MARKET, BY COUNTRY (2016-2028)
TABLE 029. EUROPE MILLET MARKET, BY TYPE (2016-2028)
TABLE 030. EUROPE MILLET MARKET, BY APPLICATION (2016-2028)
TABLE 031. EUROPE MILLET MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 032. MILLET MARKET, BY COUNTRY (2016-2028)
TABLE 033. ASIA PACIFIC MILLET MARKET, BY TYPE (2016-2028)
TABLE 034. ASIA PACIFIC MILLET MARKET, BY APPLICATION (2016-2028)
TABLE 035. ASIA PACIFIC MILLET MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 036. MILLET MARKET, BY COUNTRY (2016-2028)
TABLE 037. MIDDLE EAST & AFRICA MILLET MARKET, BY TYPE (2016-2028)
TABLE 038. MIDDLE EAST & AFRICA MILLET MARKET, BY APPLICATION (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA MILLET MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 040. MILLET MARKET, BY COUNTRY (2016-2028)
TABLE 041. SOUTH AMERICA MILLET MARKET, BY TYPE (2016-2028)
TABLE 042. SOUTH AMERICA MILLET MARKET, BY APPLICATION (2016-2028)
TABLE 043. SOUTH AMERICA MILLET MARKET, BY DISTRIBUTION CHANNELS (2016-2028)
TABLE 044. MILLET MARKET, BY COUNTRY (2016-2028)
TABLE 045. ARCHER DANIELS MIDLAND COMPANY: SNAPSHOT
TABLE 046. ARCHER DANIELS MIDLAND COMPANY: BUSINESS PERFORMANCE
TABLE 047. ARCHER DANIELS MIDLAND COMPANY: PRODUCT PORTFOLIO
TABLE 048. ARCHER DANIELS MIDLAND COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. CARGILL INC.: SNAPSHOT
TABLE 049. CARGILL INC.: BUSINESS PERFORMANCE
TABLE 050. CARGILL INC.: PRODUCT PORTFOLIO
TABLE 051. CARGILL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. NESTLE S.A.: SNAPSHOT
TABLE 052. NESTLE S.A.: BUSINESS PERFORMANCE
TABLE 053. NESTLE S.A.: PRODUCT PORTFOLIO
TABLE 054. NESTLE S.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. WISE SEED COMPANY INC.: SNAPSHOT
TABLE 055. WISE SEED COMPANY INC.: BUSINESS PERFORMANCE
TABLE 056. WISE SEED COMPANY INC.: PRODUCT PORTFOLIO
TABLE 057. WISE SEED COMPANY INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. ROUNDSTONE NATIVE SEED COMPANY: SNAPSHOT
TABLE 058. ROUNDSTONE NATIVE SEED COMPANY: BUSINESS PERFORMANCE
TABLE 059. ROUNDSTONE NATIVE SEED COMPANY: PRODUCT PORTFOLIO
TABLE 060. ROUNDSTONE NATIVE SEED COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. E.I. DUPONT DE NEMOURS AND COMPANY: SNAPSHOT
TABLE 061. E.I. DUPONT DE NEMOURS AND COMPANY: BUSINESS PERFORMANCE
TABLE 062. E.I. DUPONT DE NEMOURS AND COMPANY: PRODUCT PORTFOLIO
TABLE 063. E.I. DUPONT DE NEMOURS AND COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. BAYER CROP SCIENCE AG: SNAPSHOT
TABLE 064. BAYER CROP SCIENCE AG: BUSINESS PERFORMANCE
TABLE 065. BAYER CROP SCIENCE AG: PRODUCT PORTFOLIO
TABLE 066. BAYER CROP SCIENCE AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. ERNST CONSERVATION SEEDS: SNAPSHOT
TABLE 067. ERNST CONSERVATION SEEDS: BUSINESS PERFORMANCE
TABLE 068. ERNST CONSERVATION SEEDS: PRODUCT PORTFOLIO
TABLE 069. ERNST CONSERVATION SEEDS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. BRETT-YOUNG SEEDS LIMITED: SNAPSHOT
TABLE 070. BRETT-YOUNG SEEDS LIMITED: BUSINESS PERFORMANCE
TABLE 071. BRETT-YOUNG SEEDS LIMITED: PRODUCT PORTFOLIO
TABLE 072. BRETT-YOUNG SEEDS LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. TRETA AGRO (P) LTD: SNAPSHOT
TABLE 073. TRETA AGRO (P) LTD: BUSINESS PERFORMANCE
TABLE 074. TRETA AGRO (P) LTD: PRODUCT PORTFOLIO
TABLE 075. TRETA AGRO (P) LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. SRESTA NATURAL BIOPRODUCTS PVT LTD: SNAPSHOT
TABLE 076. SRESTA NATURAL BIOPRODUCTS PVT LTD: BUSINESS PERFORMANCE
TABLE 077. SRESTA NATURAL BIOPRODUCTS PVT LTD: PRODUCT PORTFOLIO
TABLE 078. SRESTA NATURAL BIOPRODUCTS PVT LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. JANADHANYA FARMERS PRODUCER COMPANY LIMITED: SNAPSHOT
TABLE 079. JANADHANYA FARMERS PRODUCER COMPANY LIMITED: BUSINESS PERFORMANCE
TABLE 080. JANADHANYA FARMERS PRODUCER COMPANY LIMITED: PRODUCT PORTFOLIO
TABLE 081. JANADHANYA FARMERS PRODUCER COMPANY LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. DHARANI FAM COOP LTD: SNAPSHOT
TABLE 082. DHARANI FAM COOP LTD: BUSINESS PERFORMANCE
TABLE 083. DHARANI FAM COOP LTD: PRODUCT PORTFOLIO
TABLE 084. DHARANI FAM COOP LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. MAYOORA FOODS: SNAPSHOT
TABLE 085. MAYOORA FOODS: BUSINESS PERFORMANCE
TABLE 086. MAYOORA FOODS: PRODUCT PORTFOLIO
TABLE 087. MAYOORA FOODS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 087. NAVAN FOODS LLC: SNAPSHOT
TABLE 088. NAVAN FOODS LLC: BUSINESS PERFORMANCE
TABLE 089. NAVAN FOODS LLC: PRODUCT PORTFOLIO
TABLE 090. NAVAN FOODS LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 090. SYDLER INDIA PVT. LTD.: SNAPSHOT
TABLE 091. SYDLER INDIA PVT. LTD.: BUSINESS PERFORMANCE
TABLE 092. SYDLER INDIA PVT. LTD.: PRODUCT PORTFOLIO
TABLE 093. SYDLER INDIA PVT. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 093. NATURE'S LOGIC.: SNAPSHOT
TABLE 094. NATURE'S LOGIC.: BUSINESS PERFORMANCE
TABLE 095. NATURE'S LOGIC.: PRODUCT PORTFOLIO
TABLE 096. NATURE'S LOGIC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 096. TATA CONSUMER PRODUCTS LIMITED (TCPL): SNAPSHOT
TABLE 097. TATA CONSUMER PRODUCTS LIMITED (TCPL): BUSINESS PERFORMANCE
TABLE 098. TATA CONSUMER PRODUCTS LIMITED (TCPL): PRODUCT PORTFOLIO
TABLE 099. TATA CONSUMER PRODUCTS LIMITED (TCPL): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 099. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 100. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 101. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 102. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. MILLET MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. MILLET MARKET OVERVIEW BY TYPE
FIGURE 012. FINGER MILLET MARKET OVERVIEW (2016-2028)
FIGURE 013. PEARL MILLET MARKET OVERVIEW (2016-2028)
FIGURE 014. PROSO MILLET MARKET OVERVIEW (2016-2028)
FIGURE 015. FOXTAIL MILLET MARKET OVERVIEW (2016-2028)
FIGURE 016. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 017. MILLET MARKET OVERVIEW BY APPLICATION
FIGURE 018. FLOUR MARKET OVERVIEW (2016-2028)
FIGURE 019. BAKERY PRODUCTS MARKET OVERVIEW (2016-2028)
FIGURE 020. INFANT FOOD MARKET OVERVIEW (2016-2028)
FIGURE 021. STEAM COOKED PRODUCTS MARKET OVERVIEW (2016-2028)
FIGURE 022. PORRIDGES MARKET OVERVIEW (2016-2028)
FIGURE 023. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 024. MILLET MARKET OVERVIEW BY DISTRIBUTION CHANNELS
FIGURE 025. SUPERMARKET MARKET OVERVIEW (2016-2028)
FIGURE 026. TRADE ASSOCIATIONS MARKET OVERVIEW (2016-2028)
FIGURE 027. ONLINE STORES MARKET OVERVIEW (2016-2028)
FIGURE 028. TRADITIONAL GROCERY STORES MARKET OVERVIEW (2016-2028)
FIGURE 029. NORTH AMERICA MILLET MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. EUROPE MILLET MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. ASIA PACIFIC MILLET MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. MIDDLE EAST & AFRICA MILLET MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. SOUTH AMERICA MILLET MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Millet Market research report?

The forecast period in the Millet Market research report is 2022-2028.

Who are the key players in Millet Market?

Archer Daniels Midland Company, Cargill Inc., Nestle S.A., Wise Seed Company Inc., Roundstone 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 Co-op Ltd, Mayoora Foods, Navan Foods LLC, Sydler India Pvt. Ltd., Nature's Logic., Tata Consumer Products Limited (TCPL), and other major players.

What are the segments of the Millet Market?

The Millet Market is segmented into Type, Application, Distribution Channels, and region. By Type, the market is categorized into Finger Millet, Pearl Millet, Proso Millet, Foxtail Millet, and Others. By Application, the market is categorized into Flour, Bakery Products, Infant Food, Steam Cooked Products, Porridges, and Others. By Distribution Channels, the market is categorized into Supermarket, Trade Associations, Online Stores, and Traditional Grocery Stores. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Millet Market?

Millets are a group of small-seeded grasses that are commonly farmed as cereal crops or grains for fodder and human nourishment all over the world. Millets are commonly classified as belonging to the Paniceae tribe, but certain millets are classified as belonging to other taxa.

How big is the Millet Market?

The Millet Market was valued at USD 10.47 Billion in 2021 and is projected to reach USD 14.44 Billion by 2028, growing at a CAGR of 4.7% from 2022 to 2028.