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PUBLISHER: Grand View Research | PRODUCT CODE: 1530051

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PUBLISHER: Grand View Research | PRODUCT CODE: 1530051

Millet Market Size, Share & Trends Analysis Report By Type (Pearl Millet, Finger Millet, Foxtail Millet, Proso Millet), By End-use (B2B, B2C), By Region, And Segment Forecasts, 2024 - 2030

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Description

Table of Contents

List of Tables

Millet Market Growth & Trends:

The global millet market size is expected to reach USD 55.71 billion by 2030, according to a new report by Grand View Research, Inc. The increasing preference of urban populations for healthier food options, combined with concerns about the unsustainable nature of rice and wheat production, is expected to drive the demand for millet products in the foreseeable future. Urban lifestyles and dietary choices have led to the emergence of various health issues, including diabetes, obesity, and cardiovascular problems such as heart disease and arrhythmias.

Millets, being rich in proteins and essential minerals such as calcium and iron, are seen as a preventive measure against these health problems. Consequently, the growing awareness among the population about the health benefits associated with millet consumption is likely to fuel the growth of the millet industry. Some millets, such as finger millet, possess antioxidant properties due to the presence of compounds like polyphenols. Antioxidants help neutralize free radicals in the body, reducing the risk of chronic diseases. Millets, such as finger millet (ragi), are rich in essential minerals such as calcium and iron. Calcium is crucial for maintaining bone health, while iron is important for preventing anemia and ensuring proper oxygen transport in the body.

Many developing nations and government bodies are formulating long-term strategies to implement nutrition programs to combat malnutrition. The promotion of government initiatives and the inclusion of millet in various food and beverage products are expected to contribute to the expansion of the millet industry. For instance, the Agriculture and Processed Products Export Development Authority (APEDA) has devised 16 programs aimed at promoting millet and millet products in various countries, including the UAE, Indonesia, the U.S., Japan, the UK, Germany, South Africa, Australia, Saudi Arabia, and others, to boost millet exports from India. Consequently, the increasing global demand for millet and the rise in domestic production are expected to be key drivers of the market in the years ahead.

Millet Market Report Highlights:

  • Pearl millet accounted for the revenue share of 40.5% in 2023. Pearl millet, also known as bajra, is one of the most widely cultivated and consumed types of millet. It is primarily grown in Africa and India and is valued for its drought resistance and nutritional benefits
  • The B2B end use channel is expected to grow at a CAGR of 6.0% from 2024 to 2030. B2B suppliers often prioritize quality control and product consistency. Businesses can have confidence in the quality of millet they receive, which is crucial for maintaining the integrity of their own products
  • Middle East & Africa is expected to grow at a CAGR from 2024 to 2030. Millet have been staple crops in many African cultures for centuries. They hold deep cultural and historical significance and have been an integral part of traditional diets. This long-standing tradition has led to a continued preference for millet in many African households
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Product Code: GVR-4-68040-323-5

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segmental Outlook
  • 2.3. Regional Outlook

Chapter 3. Millet Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Industry Value Chain Analysis
    • 3.2.1. Raw Material Outlook
    • 3.2.2. Manufacturing and Technology Outlook
    • 3.2.3. Profit Margin Analysis
  • 3.3. Market Dynamics
    • 3.3.1. Market Driver Analysis
    • 3.3.2. Market Restraint Analysis
    • 3.3.3. Market Opportunities
    • 3.3.4. Market Challenges
  • 3.4. Industry Analysis - Porter's Five Forces Analysis
  • 3.5. Market Entry Strategies

Chapter 4. Consumer Behavior Analysis

  • 4.1. Consumer Trends and Preferences
  • 4.2. Factors Affecting Buying Decision
  • 4.3. Consumer Product Adoption
  • 4.4. Key Observations & Findings

Chapter 5. Millet Market: Type Estimates & Trend Analysis

  • 5.1. Type Movement Analysis & Market Share, 2023 & 2030
  • 5.2. Pearl Millet
    • 5.2.1. Pearl millet market estimates and forecast, 2018 - 2030 (USD Billion)
  • 5.3. Finger Millet
    • 5.3.1. Finger millet market estimates and forecast, 2018 - 2030 (USD Billion)
  • 5.4. Foxtail Millet
    • 5.4.1. Foxtail millet market estimates and forecast, 2018 - 2030 (USD Billion)
  • 5.5. Proso Millet
    • 5.5.1. Proso millet market estimates and forecast, 2018 - 2030 (USD Billion)
  • 5.6. Others
    • 5.6.1. Other millet market estimates and forecast, 2018 - 2030 (USD Billion)

Chapter 6. Millet Market: End Use Estimates & Trend Analysis

  • 6.1. End Use Movement Analysis & Market Share, 2023 & 2030
  • 6.2. B2B
    • 6.2.1. B2B millet market estimates and forecast, 2018 - 2030 (USD Billion)
    • 6.2.2. Breakfast Foods
      • 6.2.2.1. Market estimates and forecast by breakfast foods, 2018 - 2030 (USD Billion)
    • 6.2.3. Bakery Foods
      • 6.2.3.1. Market estimates and forecast by bakery foods, 2018 - 2030 (USD Billion)
    • 6.2.4. Beverages
      • 6.2.4.1. Market estimates and forecast by beverages, 2018 - 2030 (USD Billion)
    • 6.2.5. Fodder
      • 6.2.5.1. Market estimates and forecast by fodder, 2018 - 2030 (USD Billion)
    • 6.2.6. Infant Foods
      • 6.2.6.1. Market estimates and forecast by infant foods, 2018 - 2030 (USD Billion)
    • 6.2.7. Others
      • 6.2.7.1. Market estimates and forecast by other b2b end use, 2018 - 2030 (USD Billion)
  • 6.3. B2C
    • 6.3.1. B2C millet market estimates and forecast, 2018 - 2030 (USD Billion)

Chapter 7. Millet Market: Regional Estimates & Trend Analysis

  • 7.1. Regional Movement Analysis & Market Share, 2023 & 2030
  • 7.2. North America
    • 7.2.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.2.2. U.S.
      • 7.2.2.1. Key country dynamics
      • 7.2.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.2.3. Canada
      • 7.2.3.1. Key country dynamics
      • 7.2.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.2.4. Mexico
      • 7.2.4.1. Key country dynamics
      • 7.2.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
  • 7.3. Europe
    • 7.3.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.3.2. Germany
      • 7.3.2.1. Key country dynamics
      • 7.3.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.3.3. U.K.
      • 7.3.3.1. Key country dynamics
      • 7.3.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.3.4. France
      • 7.3.4.1. Key country dynamics
      • 7.3.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.3.5. Italy
      • 7.3.5.1. Key country dynamics
      • 7.3.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.3.6. Spain
      • 7.3.6.1. Key country dynamics
      • 7.3.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
  • 7.4. Asia Pacific
    • 7.4.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.4.2. China
      • 7.4.2.1. Key country dynamics
      • 7.4.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.4.3. India
      • 7.4.3.1. Key country dynamics
      • 7.4.3.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.4.4. Japan
      • 7.4.4.1. Key country dynamics
      • 7.4.4.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.4.5. Indonesia
      • 7.4.5.1. Key country dynamics
      • 7.4.5.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.4.6. Australia & New Zealand
      • 7.4.6.1. Key country dynamics
      • 7.4.6.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
  • 7.5. Central & South America
    • 7.5.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.5.2. Brazil
      • 7.5.2.1. Key country dynamics
      • 7.5.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)
  • 7.6. Middle East & Africa
    • 7.6.1. Market estimates and forecast, 2018 - 2030 (USD Billion)
    • 7.6.2. South Africa
      • 7.6.2.1. Key country dynamics
      • 7.6.2.2. Market estimates and forecast, 2018 - 2030 (USD Billion)

Chapter 8. Competitive Analysis

  • 8.1. Recent developments & impact analysis, by key market participants
  • 8.2. Company Categorization
  • 8.3. Participant's Overview
  • 8.4. Financial Performance
  • 8.5. Product Benchmarking
  • 8.6. Company Market Share Analysis, 2023 (%)
  • 8.7. Company Heat Map Analysis
  • 8.8. Strategy Mapping
  • 8.9. List of key companies analyzed in this section include:
    • 8.9.1. Cargill, Incorporated
      • 8.9.1.1. Company Overview
      • 8.9.1.2. Financial Performance
      • 8.9.1.3. Product Benchmarking
      • 8.9.1.4. Strategic Initiatives
    • 8.9.2. ADM
      • 8.9.2.1. Company Overview
      • 8.9.2.2. Financial Performance
      • 8.9.2.3. Product Benchmarking
      • 8.9.2.4. Strategic Initiatives
    • 8.9.3. Seedway, LLC.
      • 8.9.3.1. Company Overview
      • 8.9.3.2. Financial Performance
      • 8.9.3.3. Product Benchmarking
      • 8.9.3.4. Strategic Initiatives
    • 8.9.4. Ernst Conservation Seeds
      • 8.9.4.1. Company Overview
      • 8.9.4.2. Financial Performance
      • 8.9.4.3. Product Benchmarking
      • 8.9.4.4. Strategic Initiatives
    • 8.9.5. Eastern Colorado Seeds, LLC.
      • 8.9.5.1. Company Overview
      • 8.9.5.2. Financial Performance
      • 8.9.5.3. Product Benchmarking
      • 8.9.5.4. Strategic Initiatives
    • 8.9.6. Roundstone
      • 8.9.6.1. Company Overview
      • 8.9.6.2. Financial Performance
      • 8.9.6.3. Product Benchmarking
      • 8.9.6.4. Strategic Initiatives
    • 8.9.7. Mayoora Foods
      • 8.9.7.1. Company Overview
      • 8.9.7.2. Financial Performance
      • 8.9.7.3. Product Benchmarking
      • 8.9.7.4. Strategic Initiatives
    • 8.9.8. Nestle S.A.
      • 8.9.8.1. Company Overview
      • 8.9.8.2. Financial Performance
      • 8.9.8.3. Product Benchmarking
      • 8.9.8.4. Strategic Initiatives
    • 8.9.9. Sresta Natural Bioproducts Pvt. Ltd.
      • 8.9.9.1. Company Overview
      • 8.9.9.2. Financial Performance
      • 8.9.9.3. Product Benchmarking
      • 8.9.9.4. Strategic Initiatives
    • 8.9.10. Pristine Organics
      • 8.9.10.1. Company Overview
      • 8.9.10.2. Financial Performance
      • 8.9.10.3. Product Benchmarking
      • 8.9.10.4. Strategic Initiatives
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Product Code: GVR-4-68040-323-5

List of Tables

  • 1. Millet market - Key market driver analysis
  • 2. Millet market - Key market restraint analysis
  • 3. Pearl millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 4. Finger millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 5. Foxtail millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 6. Proso millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 7. Other millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 8. Millet market estimates and forecast, by B2B end use, 2018 - 2030 (USD Million)
  • 9. Millet market estimates and forecast, by breakfast food end use, 2018 - 2030 (USD Million)
  • 10. Millet market estimates and forecast, by bakery foods end use, 2018 - 2030 (USD Million)
  • 11. Millet market estimates and forecast, by beverages end use, 2018 - 2030 (USD Million)
  • 12. Millet market estimates and forecast, by fodder end use, 2018 - 2030 (USD Million)
  • 13. Millet market estimates and forecast, by infant foods end use, 2018 - 2030 (USD Million)
  • 14. Millet market estimates and forecast, by other end use, 2018 - 2030 (USD Million)
  • 15. Millet market estimates and forecast, by B2C end use, 2018 - 2030 (USD Million)
  • 16. Millet market estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 17. Millet market estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 18. North America millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 19. North America millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 20. North America millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 21. U.S. macro-economic outlay
  • 22. U.S. millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 23. U.S. millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 24. U.S. millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 25. Canada macro-economic outlay
  • 26. Canada millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 27. Canada millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 28. Canada millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 29. Mexico macro-economic outlay
  • 30. Mexico millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 31. Mexico millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 32. Mexico millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 33. Europe millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 34. Europe millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 35. Europe millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 36. Germany macro-economic outlay
  • 37. Germany millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 38. Germany millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 39. UK macro-economic outlay
  • 40. UK millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 41. UK millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 42. UK millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 43. Spain macro-economic outlay
  • 44. Spain millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 45. Spain millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 46. Spain millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 47. Italy macro-economic outlay
  • 48. Italy millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 49. Italy millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 50. Italy millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 51. France macro-economic outlay
  • 52. France millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 53. France millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 54. France millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 55. Asia Pacific millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 56. Asia Pacific millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 57. Asia Pacific millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 58. China macro-economic outlay
  • 59. China millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 60. China millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 61. China millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 62. India macro-economic outlay
  • 63. India millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 64. India millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 65. India millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 66. Japan macro-economic outlay
  • 67. Japan millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 68. Japan millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 69. Japan millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 70. Indonesia macro-economic outlay
  • 71. Indonesia millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 72. Indonesia millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 73. Indonesia millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 74. Australia & New Zealand macro-economic outlay
  • 75. Australia & New Zealand millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 76. Australia & New Zealand millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 77. Australia & New Zealand millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 78. Central & South America millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 79. Central & South America millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 80. Central & South America millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 81. Brazil macro-economic outlay
  • 82. Brazil millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 83. Brazil millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 84. Brazil millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 85. Middle East & Africa millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 86. Middle East & Africa millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 87. Middle East & Africa millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)
  • 88. South Africa millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 89. South Africa millet market revenue estimates and forecast, by type, 2018 - 2030 (USD Million)
  • 90. South Africa millet market revenue estimates and forecast, by end use, 2018 - 2030 (USD Million)

List of Figures

  • 1. Millet market snapshot
  • 2. Millet market segmentation & scope
  • 3. Millet market penetration & growth prospect mapping
  • 4. Millet market value chain analysis
  • 5. Millet market dynamics
  • 6. Millet market Porter's Five Forces analysis
  • 7. Millet market: type movement analysis, 2023 & 2030 (%)
  • 8. Pearl millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 9. Finger millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 10. Foxtail millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 11. Proso millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 12. Other millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 13. Millet market: End use movement analysis, 2023 & 2030 (%)
  • 14. Millet market estimates and forecast, by B2B end use, 2018 - 2030 (USD Million)
  • 15. Millet market estimates and forecast, by breakfast food end use, 2018 - 2030 (USD Million)
  • 16. Millet market estimates and forecast, by bakery foods end use, 2018 - 2030 (USD Million)
  • 17. Millet market estimates and forecast, by beverages end uses, 2018 - 2030 (USD Million)
  • 18. Millet market estimates and forecast, by fodder end uses, 2018 - 2030 (USD Million)
  • 19. Millet market estimates and forecast, by infant foods end uses, 2018 - 2030 (USD Million)
  • 20. Millet market estimates and forecast, by other end uses, 2018 - 2030 (USD Million)
  • 21. Millet market estimates and forecast, by B2C end use, 2018 - 2030 (USD Million)
  • 22. North America millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 23. U.S. millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 24. Canada millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 25. Mexico millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 26. Europe millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 27. Germany millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 28. UK millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 29. Spain millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 30. Italy millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 31. France millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 32. Asia Pacific millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 33. China millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 34. India millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 35. Japan millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 36. Indonesia millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 37. Australia & New Zealand millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 38. Central & South America millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 39. Brazil millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 40. Middle East & Africa millet market estimates and forecast, 2018 - 2030 (USD Million)
  • 41. South Africa millet market estimates and forecast, 2018 - 2030 (USD Million)
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