Global Millets Market Report Forecast by Product (Organic, Regular), Application (Infant Food, Bakery Product, Breakfasts, Beverages, Fodder, Others), Distribution Channels (Trade Associations & organizations, Supermarkets, Traditional Grocery Stores, Online Stores, Others), Countries and Company Analysis (2024-2032)

Growth drivers of Millets Market

Numerous ailments, including cardiovascular issues like diabetes, obesity, myocardial infarction, coronary artery disease, and arrhythmia, have been linked to changes in lifestyle and dietary habits.

Rich in proteins and minerals like calcium and iron, millet can help ward off many ailments. Producers are encouraged to employ natural, gluten-free ingredients that offer the same flavor and consistency without having excessive levels of saturated and trans fats due to growing consumer preferences for healthier bakery preparations. A higher inclination to switch to lower-calorie options and the adoption of healthy eating practices can boost millet's market share. Due to several significant causes, including climate change, the millet industry is anticipated to have significant growth during the forecast period. For farmers, millet will be a more significant option. The final crop of the drought is millet, which can withstand very high temperatures. Moreover, millet is now an excellent fit for the hottest global health food trends because of its fantastic qualities, which include being gluten-free, an ancient grain, a superfood, beneficial for weight reduction, and having a low glycemic index. As a result, it's critical to take advantage of these trends today to advance the market and research. Farmers in the Asia-Pacific region, particularly in China and India, are starting to cultivate millet alongside wheat and rice due to the increased demand for the grain.

The consumption of millet has been linked to a number of diseases, including diabetes, obesity, and cardiovascular issues like heart attacks and coronary artery disease. As a result, the industry is expected to grow in the future due to increased public awareness of the health benefits of millet; however, its gluten-free properties are expected to present advantageous opportunities for the production of low-GI and gluten-free foods. Additionally, many federal governments and developing countries have long-term policies in place to implement nutrition programs to address malnutrition; these policies, along with the promotion of government initiatives, will in turn lead to an increase in the size of the millet market. A growing urban population, a preference for healthful diets in the Asia Pacific area, and a rise in the unsustainable production of wheat and rice all contributed to an increase in product demand throughout the predicted period. In the upcoming years, it is anticipated that increased water usage efficiency in millet cultivation will propel the worldwide millet market.

Millet, high in nutrients, propels market expansion.

Interest in millet cultivation has surged due to the unsustainable production of wheat and rice. Millets are abundant in fiber, proteins, vitamins, and important fats. They give the body just the right amount of fat, preventing the buildup of extra fat and related health problems including obesity, high cholesterol, and heart disease. Millets are therefore regarded as a nutritious food choice. There is an increasing global trend toward weight loss and substantial spending on eating healthily. This tendency has generated a significant business opportunity, as has the availability of nutrient-dense choices like millet. Due to their high nutritious content, millets are superior to wheat and rice in terms of nutrition.

They are an excellent source of vitamins like thiamine, riboflavin, folic acid, and niacin, as well as minerals like calcium, iron, magnesium, potassium, zinc, and dietary fiber. Millets have varying amounts of protein, fat, and carbohydrates, ranging from 2 to 5%, 65 to 75%, and 15 to 20%, respectively. Furthermore, due to their gluten-free nature, millets meet the growing need linked to celiac illness, underscoring the unexplored market for millet.

Asia Pacific Millets Market

With a substantial proportion, Asia Pacific led the market. Asia Pacific countries have traditionally been the home of millet cultivation and consumption. They are important to culture and are mainstays of traditional diets. A resurgence of interest in millet can be attributed to people rediscovering their culinary roots. Numerous millet species, such as finger millet, pearl millet, foxtail millet, and others, can be found in the area. A variety of culinary uses and preferences are made possible by this diversity.

In Asia Pacific, India held the most millet market share in 2023. With over 41% of the world's millet supply expected to expand in 2020, India is the top millet grower in the world. Because millets may be cultivated in a variety of ecological circumstances and frequently on skeletal soils, they are an ideal crop for smallholder farmers in arid regions. In developing nations like India and Africa, where there are significant obstacles to food and nutritional security, millet is widely consumed. The crop may be grown in harsh settings because to its great drought tolerance ability. It can also tolerate high temperatures and thrive on poor soils with little to no external inputs. Furthermore, the Indian government has implemented many measures to encourage the production and consumption of millet, such as the establishment of the National Food Security Mission (NFSM) and the National Mission on Sustainable Agriculture (NMSA). The Middle East and North Africa are the primary destinations for India's growing millet exports.

Millets Company Analysis

Archer Daniels Midland Company, Cargill, Bayer Crop Science AG, Nestlé S.A., NH Foods Ltd. are the leading companies in the Millets market.

Millets Company News

September 2023 - A variety of Nestlé a+ Masala Millet-based porridges were introduced by Nestlé India. A combination of locally sourced ingredients, such as barley, vegetables, bajra (pearl millet), and a range of spices, are used to make these porridges. They are available in two flavors—Veggie Masala and Tangy Tomato—and just take two minutes to create.

May 2023 - A variety of bakery goods based on millet have been introduced by Bonn Group of Industries, a significant FMCG food maker in India. These products include Millet Pizza, Millet Bread, and Millet Burger. These goods provide a nutrient-dense superfood choice since they are produced with Bajra, Jowar, and Ragi. With the slogan "Go Healthy With Millets," the campaign encourages Indians to have a healthy millet-based diet while also supporting the International Millets Year and the Millet Mission of the Indian government.

May 2023 - To "Help India Eat Better," ITC introduced Sunfeast Farmlite Super Millets Cookies. The cookies are created from a combination of millets, such as jowar and ragi, and do not use maida. They come in the Multi Millet and Choco-chip Multi Millet varieties. They balance taste and nutrition as a source of iron, fiber, and protein. These cookies become a satisfying and healthy snack choice when the chocolate-chip variety is added for a little indulgence. This launch is in line with ITC's Mission Millet program.

Product – Market breakup in 2 viewpoints:

1. Organic
2. Regular

Application – Market breakup in 6 viewpoints:

1. Infant Food
2. Bakery Product
3. Breakfasts
4. Beverages
5. Fodder
6. Others

Distribution Channel – Market breakup in 5 viewpoints:

1. Trade Associations & organizations
2. Supermarkets
3. Traditional Grocery Stores
4. Online Stores
5. Others

Countries – Market breakup in 25 viewpoints:

North America

• United States
• Canada

Europe

• France
• Germany
• Italy
• Spain
• United Kingdom
• Belgium
• Netherland
• Turkey

Asia Pacific

• China
• Japan
• India
• South Korea
• Thailand
• Malaysia
• Indonesia
• Australia
• New Zealand

Latin America

• Brazil
• Mexico
• Argentina

Middle East & Africa

• Saudi Arabia
• UAE
• South Africa

All the key players have been covered from 5 Viewpoints:

• Overviews
• Key Person
• Recent Developments & Strategies
• Product Portfolio & Product Launch in Last 1 Year
• Revenue

Key Players Analysis:

1. Archer Daniels Midland Company
2. Cargill
3. Bayer Crop Science AG
4. Nestlé S.A.
5. NH Foods Ltd

Report Details: