The global millet flour market size is expected to expand from USD 5.1 billion in 2024 to USD 7.8 billion by 2034. With rising consumer preference for health and gluten-free diets, global sales of millet flour are set to grow at a CAGR of 5.3% during the forecast period.
Global Millet Flour Market Insights
Attributes | Key Insights |
---|---|
Estimated Global Millet Flour Market Value (2024E) | USD 5.1 billion |
Projected Global Millet Flour Industry Revenue (2034F) | USD 7.8 billion |
Value-based CAGR (2024 to 2034) | 5.3% |
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Global millet flour sales grew at a CAGR of 4.4% from 2019 to 2023. In the forecast period, the worldwide millet flour industry is expected to progress at a CAGR of 5.3%, totaling a valuation of US$ 7.8 billion by 2034.
In the historic period, the global millet flour market growth was mainly driven by the application of millet flours in the traditional food products. Along with this, the high nutritional content of millet flour contributed to sales growth.
Demand for millet flour is expected to grow steadily over the assessment period. The key reasons behind this growth include consumers' growing interest in healthy and sustainable food choices, promotional activities from governmental organizations, and continuous research and development.
Millet flour consumption will also increase due to its growing popularity among the environmentally conscious consumer base. Similarly, the rising prevalence of gluten intolerance in customers will likely increase demand for gluten-free products and, consequently, millet flour.
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The table below highlights key countries’ millet flour market revenues. The United States, China, and the United Kingdom are expected to remain the top three consumers of millet flours, with projected valuations of USD 1,621.2 million, USD 635.6 million, and USD 407.3 million, respectively, in 2034.
Countries | Projected Millet Flour Market Revenue (2034) |
---|---|
United States | USD 1,621.2 million |
United Kingdom | USD 407.3 million |
China | USD 635.6 million |
India | USD 374.5 million |
Japan | USD 345.0 million |
The table below shows the predicted growth rates of the top nations. Japan, China, and India are anticipated to record high CAGRs of 6.4%, 5.2%, and 4.3%, respectively, through 2034.
Countries | Projected Millet Flour Market CAGR (2024 to 2034) |
---|---|
United States | 2.3% |
United Kingdom | 2.9% |
China | 5.2% |
India | 4.3% |
Japan | 6.4% |
As per the latest analysis, the United States millet flour market value is expected to reach USD 1,621.2 million in 2034. It is set to hold a significant global market share of 20.7% over the assessment period.
In the United States, millet flour demand is likely to increase at a 2.3% CAGR over the forecast period. This can be attributed to the increasing demand for high nutritional, gluten-free food products across the country.
Consumers in the USA have a lot of health issues due to unhealthy eating habits. With growing concerns about eating patterns, consumers in the nation are shifting toward foodstuffs that are highly nutritious and gluten-free. This is expected to help boost millet flour demand until 2034.
As millet flours are naturally gluten-free and dense in nutrients with high content of vitamins, minerals, fibres, and proteins, they are perfect for consumers seeking nutrient-dense, health-friendly options. Several United States-based bakery and confectionery manufacturers are replacing conventional flours with millet-based flours. This will probably play a key role in improving the United States millet flour market share through 2034.
The United Kingdom millet flour market is anticipated to grow with a CAGR of 2.9% during the forecast period. The market is projected to reach USD 407.3 million by 2034, led by an increasing vegan population.
Since many consumers in the United Kingdom are following plant-based diets, the demand for millet flour is likely to significantly increase. Further, millet is an essential ingredient in plant-based food products, which is why plant-based food manufacturers are increasingly using plant-based ingredients such as millet flour.
As per the latest report, India millet flour market is poised to grow with a significant CAGR of 4.3% over the assessment period, reaching USD 374.5 million by 2034. This is attributable to rising health awareness, increasing millet flour production, and favorable government support.
The central government of India implemented the Production Linked Incentive (PLI) Scheme to promote domestic manufacturing of products like millet. This is creating a conducive environment for the growth of the millet flour industry in the nation. "Big food companies have started to enter this area, and more will do so now that PLI is in place. The market is expected to expand, albeit gradually.
Several analysts and food experts believe that millet-based foods will become a significant market because India is the world's center for diabetes. This will likely create growth opportunities for millet flour manufacturers, suppliers, and distributors through 2034. Increasing awareness regarding the potential health benefits of millet flour is also boosting product sales.
Below is the table providing critical insights that illustrate the share or CAGR of the key segments in the global millet flour industry. The information is expected to help companies maximize profits through investments in popular products and preferred distribution channels.
Top Segment (Nature) | Organic |
---|---|
Predicted CAGR (2024 to 2034) | 6.0% |
By nature, the conventional millet flour segment is likely to dominate the millet flour market with a considerable share of 89.7% in 2024. On the other hand, organic millet flour demand is likely to grow at a higher rate with a CAGR of 6% during the period of assessment due to surging demand for organic foodstuffs.
Due to the emerging health consciousness, consumers across the globe are rapidly shifting toward organic and sustainable foodstuffs, thereby putting organic millet flour in the spotlight. Another key driver for organic millet flour is the increasing awareness about the adverse impact of conventional agriculture practices on the environment.
Top Segment (Application) | Bakery and Confectionary |
---|---|
Predicted CAGR (2024 to 2034) | 4.0% |
The recent millet flour industry analysis reports that in the bakery and confectionery segment, the consumption of millet flour remains still high. The same segment will likely total USD 2,036.6 million in 2024, holding a market share of 39.8%. Further, demand for millet flours in the bakery and confectionery segment is set to grow at 4.0% CAGR through 2034.
Leading millet flour manufacturers are continuously innovating to introduce new type of millet flours with eco-friendly packaging. Companies are also expanding their product portfolios beyond basic flour, by offering mixes for cookies, pancakes, and other popular food items.
Several players are getting involved in activities like mergers, partnerships, and acquisitions to increase their regional presence. For instance, they are forming partnerships with restaurants and food service chains to provide constant millet flour supply.
Companies also use advertisements and celebrity endorsements to woo more and more customers. They are highlighting the nutritional value of millet flours, including their high fiber contents and gluten-free nature, through marketing and branding tools.
Recent Developments in the Millet Flour Market
Attribute | Details |
---|---|
Market Size Value in 2024 | USD 5.1 billion |
Market Forecast Value in 2034 | USD 7.8 billion |
Anticipated Growth Rate (2024 to 2034) | 5.3% CAGR |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Volume (MT) and Value (USD billion) |
Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
Key Market Segments Covered | Nature, Application, Distribution Channel, and Region |
Key Companies Profiled | Bob’s Red Mill Natural Foods; Arrowhead Mills; Azure Standard; Great River Organic Milling; Pristine Organics; OOO Farms; Authentic Foods; RiceBran Technologies; Bayer AG; Grain Millers; ARDENT MILLS |
The global millet flour market size is estimated to reach USD 5.1 billion in 2024.
The global millet flour market value is projected to reach USD 7.8 billion by 2034.
Global millet flour demand is set to increase at a CAGR of 5.3% through 2034.
Europe is expected to hold a dominant market share of 29.8% by 2034.
The global millet flour industry registered a CAGR of 4.4% from 2019 to 2023.
Millet flours are popular in regions like Asia and Africa.
Africa is the leading consumer of millet.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Technology Roadmap 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition 3. Market Background 3.1. Drivers 3.1.1. Supply Side Drivers 3.1.2. Demand Side drivers 3.1.3. Economic Side Drivers 3.2. Restraints 3.3. Opportunity 3.4. Market trends By Region 3.5. Forecast Factors - Relevance & Impact 3.6. Regulations and Policies 3.7. Consumer Survey Analysis 4. Global Market- Pricing Analysis 4.1. Price Point Assessment by Region 4.1.1. Manufacturer Level Pricing 4.1.2. Distributor Level Pricing 4.1.3. Retail Level Pricing 4.2. Price Point Assessment By Nature 4.3. Price Forecast till 2034 5. Value Chain Analysis 5.1. Operating margins at each node of supply chain 5.2. List of Active Market Participants 6. Global Market Size in Value (US$ billion) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 6.1. Historical Market Size in Value (US$ billion) and Volume(MT) Analysis, 2019 to 2023 6.2. Current and Future Market Size in Value (US$ billion) and Volume(MT) Analysis, 2024 to 2034 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature 7.1. Introduction / Key Findings 7.2. Historical Market Size in Value (US$ billion) and Volume(MT) Analysis By Nature, 2019 to 2023 7.3. Current and Future Market Size in Value (US$ billion) and Volume(MT) Analysis and Forecast By Nature, 2024 to 2034 7.3.1. Organic 7.3.2. Conventional 7.4. Market Attractiveness Analysis By Nature 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, Application 8.1. Introduction / Key Findings 8.2. Historical Market Size in Value (US$ billion) and Volume(MT) Analysis Application, 2019 to 2023 8.3. Current and Future Market Size in Value (US$ billion) and Volume(MT) Analysis and Forecast Application, 2024 to 2034 8.3.1. Bakery and Confectionary 8.3.2. Sauces, Dressings, and Condiments 8.3.3. Snacks 8.3.4. Baby Food 8.3.5. Dietary Supplement 8.3.6. Others 8.4. Market Attractiveness Analysis Application 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, Distribution Channel 9.1. Introduction / Key Findings 9.2. Historical Market Size in Value (US$ billion) and Volume(MT) Analysis Distribution Channel, 2019 to 2023 9.3. Current and Future Market Size in Value (US$ billion) and Volume(MT) Analysis and Forecast By End Use, 2024 to 2034 9.3.1. Direct 9.3.2. Indirect 9.3.2.1. Hypermarkets/Supermarkets 9.3.2.2. Convenience Stores 9.3.2.3. Mom and Pop Stores 9.3.2.4. Discount Stores 9.3.2.5. Food & Drink Specialty Stores 9.3.2.6. Independent Small Groceries 9.3.2.7. Online Retail 9.3.2.8. Other Retail Formats 9.3.3. Market Attractiveness Analysis By End Use 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. Introduction 10.2. Historical Market Size in Value (US$ billion) and Volume(MT) Analysis By Region, 2019 to 2023 10.3. Current Market Size in Value (US$ billion) and Volume(MT) Analysis and Forecast By Region, 2024 to 2034 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia 10.3.6. Oceania 10.3.7. Middle East & Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 11.1. Introduction 11.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 11.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 11.3.1. By Country 11.3.1.1. United States 11.3.1.2. Canada 11.3.2. By Nature 11.3.3. Application 11.3.4. Distribution Channel 11.4. Market Attractiveness Analysis 11.4.1. By Country 11.4.2. By Nature 11.4.3. Application 11.4.4. Distribution Channel 11.5. Key takeaways 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12.1. Introduction 12.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 12.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 12.3.1. By Country 12.3.1.1. Brazil 12.3.1.2. Mexico 12.3.1.3. Argentina 12.3.1.4. Rest of Latin America 12.3.2. By Nature 12.3.3. Application 12.3.4. Distribution Channel 12.4. Market Attractiveness Analysis 12.4.1. By Country 12.4.2. By Nature 12.4.3. Application 12.4.4. Distribution Channel 12.5. Key takeaways 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13.1. Introduction 13.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 13.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 13.3.1. By Country 13.3.1.1. Germany 13.3.1.2. United Kingdom 13.3.1.3. France 13.3.1.4. Italy 13.3.1.5. Spain 13.3.1.6. BENELUX 13.3.1.7. Nordic 13.3.1.8. Russia 13.3.1.9. Poland 13.3.1.10. Rest of Europe 13.3.2. By Nature 13.3.3. Application 13.3.4. Distribution Channel 13.4. Market Attractiveness Analysis 13.4.1. By Country 13.4.2. By Nature 13.4.3. Application 13.4.4. Distribution Channel 13.5. Key takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14.1. Introduction 14.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 14.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 14.3.1. By Country 14.3.1.1. China 14.3.1.2. Japan 14.3.1.3. South Korea 14.3.2. By Nature 14.3.3. Application 14.3.4. Distribution Channel 14.4. Market Attractiveness Analysis 14.4.1. By Country 14.4.2. By Nature 14.4.3. Application 14.4.4. Distribution Channel 14.5. Key takeaways 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15.1. Introduction 15.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 15.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 15.3.1. By Country 15.3.1.1. India 15.3.1.2. Thailand 15.3.1.3. Malaysia 15.3.1.4. Indonesia 15.3.1.5. Vietnam 15.3.1.6. Philippines 15.3.1.7. Singapore 15.3.1.8. Rest of South Asia 15.3.2. By Nature 15.3.3. Application 15.3.4. Distribution Channel 15.4. Market Attractiveness Analysis 15.4.1. By Country 15.4.2. By Nature 15.4.3. Application 15.4.4. Distribution Channel 15.5. Key takeaways 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16.1. Introduction 16.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 16.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 16.3.1. By Country 16.3.1.1. Australia 16.3.1.2. New Zealand 16.3.2. By Nature 16.3.3. Application 16.3.4. Distribution Channel 16.4. Market Attractiveness Analysis 16.4.1. By Country 16.4.2. By Nature 16.4.3. Application 16.4.4. Distribution Channel 16.5. Key takeaways 17. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17.1. Introduction 17.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023 17.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034 17.3.1. By Country 17.3.1.1. GCC Countries 17.3.1.2. Turkiye 17.3.1.3. Egypt 17.3.1.4. South Africa 17.3.1.5. Rest of Middle East & Africa 17.3.2. By Nature 17.3.3. Application 17.3.4. Distribution Channel 17.4. Market Attractiveness Analysis 17.4.1. By Country 17.4.2. By Nature 17.4.3. Application 17.4.4. Distribution Channel 17.5. Key takeaways 18. Country-level Market Analysis, 2024 18.1. United States Market Analysis 18.1.1. By Nature 18.1.2. By Application 18.1.3. By Distribution Channel 18.2. Canada Market Analysis 18.2.1. By Nature 18.2.2. By Application 18.2.3. By Distribution Channel 18.3. Brazil Market Analysis 18.3.1. By Nature 18.3.2. By Application 18.3.3. By Distribution Channel 18.4. Mexico Market Analysis 18.4.1. By Nature 18.4.2. By Application 18.4.3. By Distribution Channel 18.5. Argentina Market Analysis 18.5.1. By Nature 18.5.2. By Application 18.5.3. By Distribution Channel 18.6. Germany Market Analysis 18.6.1. By Nature 18.6.2. By Application 18.6.3. By Distribution Channel 18.7. United Kingdom Market Analysis 18.7.1. By Nature 18.7.2. By Application 18.7.3. By Distribution Channel 18.8. France Market Analysis 18.8.1. By Nature 18.8.2. By Application 18.8.3. By Distribution Channel 18.9. Italy Market Analysis 18.9.1. By Nature 18.9.2. By Application 18.9.3. By Distribution Channel 18.10. Spain Market Analysis 18.10.1. By Nature 18.10.2. By Application 18.10.3. By Distribution Channel 18.11. BENELUX Market Analysis 18.11.1. By Nature 18.11.2. By Application 18.11.3. By Distribution Channel 18.12. Nordic Market Analysis 18.12.1. By Nature 18.12.2. By Application 18.12.3. By Distribution Channel 18.13. Russia Region Market Analysis 18.13.1. By Nature 18.13.2. By Application 18.13.3. By Distribution Channel 18.14. Poland Market Analysis 18.14.1. By Nature 18.14.2. By Application 18.14.3. By Distribution Channel 18.15. China Market Analysis 18.15.1. By Nature 18.15.2. By Application 18.15.3. By Distribution Channel 18.16. Japan Market Analysis 18.16.1. By Nature 18.16.2. By Application 18.16.3. By Distribution Channel 18.16.4. Distribution Channel 18.17. South Korea Market Analysis 18.17.1. By Nature 18.17.2. By Application 18.17.3. By Distribution Channel 18.18. India Market Analysis 18.18.1. By Nature 18.18.2. By Application 18.18.3. By Distribution Channel 18.19. Thailand Market Analysis 18.19.1. By Nature 18.19.2. By Application 18.19.3. By Distribution Channel 18.20. Malaysia Market Analysis 18.20.1. By Nature 18.20.2. By Application 18.20.3. By Distribution Channel 18.21. Indonesia Market Analysis 18.21.1. By Nature 18.21.2. By Application 18.21.3. By Distribution Channel 18.22. Vietnam Market Analysis 18.22.1. By Nature 18.22.2. By Application 18.22.3. By Distribution Channel 18.23. Philippines Market Analysis 18.23.1. By Nature 18.23.2. By Application 18.23.3. By Distribution Channel 18.24. Singapore Market Analysis 18.24.1. By Nature 18.24.2. By Application 18.24.3. By Distribution Channel 18.25. Australia Market Analysis 18.25.1. By Nature 18.25.2. By Application 18.25.3. By Distribution Channel 18.26. New Zealand Market Analysis 18.26.1. By Nature 18.26.2. By Application 18.26.3. By Distribution Channel 18.27. GCC Countries Market Analysis 18.27.1. By Nature 18.27.2. By Application 18.27.3. By Distribution Channel 18.28. Turkiye Market Analysis 18.28.1. By Nature 18.28.2. By Application 18.28.3. By Distribution Channel 18.29. Egypt Market Analysis 18.29.1. By Nature 18.29.2. By Application 18.29.3. By Distribution Channel 18.30. South Africa Market Analysis 18.30.1. By Nature 18.30.2. By Application 18.30.3. By Distribution Channel 19. Market Structure Analysis 19.1. Global Market Competition - a Dashboard View 19.2. Industry Structure Analysis 19.2.1. % tier 1 market players 19.2.2. % tier 2 market players 19.2.3. % tier 3 market players 19.3. Global Market Company Share Analysis 19.3.1. For Tier 1 Market Players, 2024 19.3.2. Company Market Share Analysis of Top Players, By Region 19.4. Key Participants Market Presence (Intensity Mapping) by Region 20. Competition Analysis 20.1. Competition Dashboard 20.2. Competition Benchmarking 20.3. Competition Deep Dive 20.3.1. Bob’s Red Mill Natural Foods 20.3.1.1. Product Portfolio 20.3.1.2. Product Claim 20.3.1.3. Revenue by Market Segments (Nature/Application/Distribution Channel/Region) 20.3.1.4. Sales Footprint 20.3.1.5. Strategy Overview 20.3.1.5.1. Marketing Strategy 20.3.1.5.2. Product Strategy 20.3.1.5.3. Channel Strategy 20.3.1.6. SWOT Analysis 20.3.2. Arrowhead Mills 20.3.3. Azure Standard 20.3.4. Great River Organic Milling 20.3.5. Pristine Organics 20.3.6. OOO Farms 20.3.7. Authentic Foods 20.3.8. RiceBran Technologies 20.3.9. Bayer AG 20.3.10. Grain Millers 20.3.11. ARDENT MILLS 20.3.12. Other Players (On Additional Requests) 21. Assumption & Acronyms 22. Research Methodology
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