The millet market is anticipated to reach a valuation of USD 12.5 billion in 2023 to reach a valuation of USD 44.1 billion by 2033. The market is expected to record a CAGR of 13.4% over the forecast period.
Millets are typically small-seeded cereal plants that are valued highly for their nutritional content. Millet comes in a variety of colors, including red, white, grey, and pale yellow. In terms of nutritional value, they outperform several popular kinds of cereal like wheat and rice.
Significant Growth Aspects of the Millet Market
Restraining Factors of the Millet Market
Millets have a short shelf life, which is predicted to negatively impact market growth. Moreover, urban food market penetration is hampered by high product prices relative to widely consumed grains.
Attributes | Values |
---|---|
Millet Market CAGR (2023 to 2033) | 13.4% |
Millet Market Size (2023) | USD 12.5 billion |
Millet Market Size (2033) | USD 44.1 billion |
Market Trends
The Indian government refocused its attention on millet farming practices and passed legislation to create an environment that is supportive of farmers.
Since the National Programme for Organic Production (NPOP's) was established in 2001, as announced under the Foreign Trade (Development and Regulations) Act, 1992, APEDA has been implementing it. Standards for livestock, poultry, aquaculture, apiculture, and other agricultural practices are covered by NPOP. The nation exports under NPOP's guidelines.
The European Union and Switzerland have acknowledged the NPOP certification, allowing India to export unprocessed plant products such as millet to these nations without the need for extra certification.
Asia Pacific is the region that is likely to contribute the most in terms of production and export, expected to be followed by Africa. The significant production and consumption share in Asia Pacific belongs to India. Globally, India produces the most millet. Nigeria, Mali, and Niger, among other African nations, consistently produce a good amount of goods. A favourable environment for the growth of millets is provided by the arid climate of these regions.
Competitive Landscape
The global millet market is highly competitive. Due to the increasing focus on health benefits, the market is observing the continuous entry of new players. Key players are therefore concentrating on research & development and joint ventures to diversify their portfolio and launch innovative products more frequently.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD billion for Value and Metric Ton for Volume |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and The Middle East & Africa |
Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others |
Key Segments Covered | Product, End Use, and Region |
Key Companies Covered | Britannia; Hindustan Unilever; ITC; Tata Soulfull; Nestle; True Elements; Mayoora Foods; Navan Foods, LLC.; Sydler India Pvt. Ltd; Cargill Inc. |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (MT) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 4: Global Market Volume (MT) Forecast by Product, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by End Use Application, 2018 to 2033
Table 6: Global Market Volume (MT) Forecast by End Use Application, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (MT) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 10: North America Market Volume (MT) Forecast by Product, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by End Use Application, 2018 to 2033
Table 12: North America Market Volume (MT) Forecast by End Use Application, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (MT) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 16: Latin America Market Volume (MT) Forecast by Product, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by End Use Application, 2018 to 2033
Table 18: Latin America Market Volume (MT) Forecast by End Use Application, 2018 to 2033
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Europe Market Volume (MT) Forecast by Country, 2018 to 2033
Table 21: Europe Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 22: Europe Market Volume (MT) Forecast by Product, 2018 to 2033
Table 23: Europe Market Value (US$ Million) Forecast by End Use Application, 2018 to 2033
Table 24: Europe Market Volume (MT) Forecast by End Use Application, 2018 to 2033
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: East Asia Market Volume (MT) Forecast by Country, 2018 to 2033
Table 27: East Asia Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 28: East Asia Market Volume (MT) Forecast by Product, 2018 to 2033
Table 29: East Asia Market Value (US$ Million) Forecast by End Use Application, 2018 to 2033
Table 30: East Asia Market Volume (MT) Forecast by End Use Application, 2018 to 2033
Table 31: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: South Asia Market Volume (MT) Forecast by Country, 2018 to 2033
Table 33: South Asia Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 34: South Asia Market Volume (MT) Forecast by Product, 2018 to 2033
Table 35: South Asia Market Value (US$ Million) Forecast by End Use Application, 2018 to 2033
Table 36: South Asia Market Volume (MT) Forecast by End Use Application, 2018 to 2033
Table 37: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 38: Oceania Market Volume (MT) Forecast by Country, 2018 to 2033
Table 39: Oceania Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 40: Oceania Market Volume (MT) Forecast by Product, 2018 to 2033
Table 41: Oceania Market Value (US$ Million) Forecast by End Use Application, 2018 to 2033
Table 42: Oceania Market Volume (MT) Forecast by End Use Application, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 44: MEA Market Volume (MT) Forecast by Country, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Product, 2018 to 2033
Table 46: MEA Market Volume (MT) Forecast by Product, 2018 to 2033
Table 47: MEA Market Value (US$ Million) Forecast by End Use Application, 2018 to 2033
Table 48: MEA Market Volume (MT) Forecast by End Use Application, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Product, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by End Use Application, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (MT) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 9: Global Market Volume (MT) Analysis by Product, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by End Use Application, 2018 to 2033
Figure 13: Global Market Volume (MT) Analysis by End Use Application, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by End Use Application, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by End Use Application, 2023 to 2033
Figure 16: Global Market Attractiveness by Product, 2023 to 2033
Figure 17: Global Market Attractiveness by End Use Application, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ Million) by Product, 2023 to 2033
Figure 20: North America Market Value (US$ Million) by End Use Application, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 27: North America Market Volume (MT) Analysis by Product, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 30: North America Market Value (US$ Million) Analysis by End Use Application, 2018 to 2033
Figure 31: North America Market Volume (MT) Analysis by End Use Application, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by End Use Application, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by End Use Application, 2023 to 2033
Figure 34: North America Market Attractiveness by Product, 2023 to 2033
Figure 35: North America Market Attractiveness by End Use Application, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) by Product, 2023 to 2033
Figure 38: Latin America Market Value (US$ Million) by End Use Application, 2023 to 2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 45: Latin America Market Volume (MT) Analysis by Product, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by End Use Application, 2018 to 2033
Figure 49: Latin America Market Volume (MT) Analysis by End Use Application, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End Use Application, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End Use Application, 2023 to 2033
Figure 52: Latin America Market Attractiveness by Product, 2023 to 2033
Figure 53: Latin America Market Attractiveness by End Use Application, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Europe Market Value (US$ Million) by Product, 2023 to 2033
Figure 56: Europe Market Value (US$ Million) by End Use Application, 2023 to 2033
Figure 57: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 59: Europe Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Europe Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 63: Europe Market Volume (MT) Analysis by Product, 2018 to 2033
Figure 64: Europe Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 66: Europe Market Value (US$ Million) Analysis by End Use Application, 2018 to 2033
Figure 67: Europe Market Volume (MT) Analysis by End Use Application, 2018 to 2033
Figure 68: Europe Market Value Share (%) and BPS Analysis by End Use Application, 2023 to 2033
Figure 69: Europe Market Y-o-Y Growth (%) Projections by End Use Application, 2023 to 2033
Figure 70: Europe Market Attractiveness by Product, 2023 to 2033
Figure 71: Europe Market Attractiveness by End Use Application, 2023 to 2033
Figure 72: Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: East Asia Market Value (US$ Million) by Product, 2023 to 2033
Figure 74: East Asia Market Value (US$ Million) by End Use Application, 2023 to 2033
Figure 75: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 76: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 77: East Asia Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: East Asia Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 81: East Asia Market Volume (MT) Analysis by Product, 2018 to 2033
Figure 82: East Asia Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 84: East Asia Market Value (US$ Million) Analysis by End Use Application, 2018 to 2033
Figure 85: East Asia Market Volume (MT) Analysis by End Use Application, 2018 to 2033
Figure 86: East Asia Market Value Share (%) and BPS Analysis by End Use Application, 2023 to 2033
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by End Use Application, 2023 to 2033
Figure 88: East Asia Market Attractiveness by Product, 2023 to 2033
Figure 89: East Asia Market Attractiveness by End Use Application, 2023 to 2033
Figure 90: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia Market Value (US$ Million) by Product, 2023 to 2033
Figure 92: South Asia Market Value (US$ Million) by End Use Application, 2023 to 2033
Figure 93: South Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: South Asia Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 99: South Asia Market Volume (MT) Analysis by Product, 2018 to 2033
Figure 100: South Asia Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 101: South Asia Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 102: South Asia Market Value (US$ Million) Analysis by End Use Application, 2018 to 2033
Figure 103: South Asia Market Volume (MT) Analysis by End Use Application, 2018 to 2033
Figure 104: South Asia Market Value Share (%) and BPS Analysis by End Use Application, 2023 to 2033
Figure 105: South Asia Market Y-o-Y Growth (%) Projections by End Use Application, 2023 to 2033
Figure 106: South Asia Market Attractiveness by Product, 2023 to 2033
Figure 107: South Asia Market Attractiveness by End Use Application, 2023 to 2033
Figure 108: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 109: Oceania Market Value (US$ Million) by Product, 2023 to 2033
Figure 110: Oceania Market Value (US$ Million) by End Use Application, 2023 to 2033
Figure 111: Oceania Market Value (US$ Million) by Country, 2023 to 2033
Figure 112: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 113: Oceania Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: Oceania Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 117: Oceania Market Volume (MT) Analysis by Product, 2018 to 2033
Figure 118: Oceania Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 119: Oceania Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 120: Oceania Market Value (US$ Million) Analysis by End Use Application, 2018 to 2033
Figure 121: Oceania Market Volume (MT) Analysis by End Use Application, 2018 to 2033
Figure 122: Oceania Market Value Share (%) and BPS Analysis by End Use Application, 2023 to 2033
Figure 123: Oceania Market Y-o-Y Growth (%) Projections by End Use Application, 2023 to 2033
Figure 124: Oceania Market Attractiveness by Product, 2023 to 2033
Figure 125: Oceania Market Attractiveness by End Use Application, 2023 to 2033
Figure 126: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 127: MEA Market Value (US$ Million) by Product, 2023 to 2033
Figure 128: MEA Market Value (US$ Million) by End Use Application, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 130: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 131: MEA Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: MEA Market Value (US$ Million) Analysis by Product, 2018 to 2033
Figure 135: MEA Market Volume (MT) Analysis by Product, 2018 to 2033
Figure 136: MEA Market Value Share (%) and BPS Analysis by Product, 2023 to 2033
Figure 137: MEA Market Y-o-Y Growth (%) Projections by Product, 2023 to 2033
Figure 138: MEA Market Value (US$ Million) Analysis by End Use Application, 2018 to 2033
Figure 139: MEA Market Volume (MT) Analysis by End Use Application, 2018 to 2033
Figure 140: MEA Market Value Share (%) and BPS Analysis by End Use Application, 2023 to 2033
Figure 141: MEA Market Y-o-Y Growth (%) Projections by End Use Application, 2023 to 2033
Figure 142: MEA Market Attractiveness by Product, 2023 to 2033
Figure 143: MEA Market Attractiveness by End Use Application, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
The projected CAGR of the millet market by 2033 is 13.4%.
The projected market value by 2033 is USD 44.1 billion.
The market is estimated to secure a valuation of USD 12.5 billion in 2023.
The food industry is the key consumer of the millet market.
The opportunities in the millet market are increasing demand for healthy food.
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