The Millet Industry size was valued at USD 11.92 Billion in 2024 and the total Millet revenue is expected to grow at a CAGR of 4.82% from 2025 to 2032, reaching nearly USD 17.38 Billion.
Report scope:

The report provides comprehensive market insights for industry stakeholders, including an explanation of complicated market data in simple language, the industry's history and present situation, as well as expected market size and trends. The research investigates all industry categories, with an emphasis on key companies such as market leaders, followers, and new entrants. The paper includes PESTLE analysis for each country. A thorough picture of the competitive landscape of major competitors in the Contact Centre Software market by goods and services, revenue, financial situation, portfolio, growth plans, and geographical presence makes the study an investor's guide.

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Market Key Dynamics:

Market Drivers:

Data on health indicators, published by NFHS (National Family Health Survey) report 2023 shows that 59.1% of women are anaemic, 35.6% of children are stunted, and 32.2% of children are underweight. As millet are nutritionally superior to cereals, on-acid forming, on allergic, easy to digest and rich in protein antioxidants, dietary fibre, there has been great demand of Millets. The proposal to the United Nations General Assembly (UNGA) year 2023 has been declared as the International Year of Millets.

As Millets helps in maintaining body weight, improving haemoglobin levels, reducing iron deficiency, fighting anaemia, diabetes, cardiovascular diseases there has been higher production and productivity of millets across the globe. Around 70 countries have pledged to engage various stakeholders for promoting the wilder usage of millets. Farmers have started shifting away from wheat and rice farming in favour of millet because of the steadily rising demand from Asia Pacific nations, primarily China and India.

Demand for millets products will increase during the projection period as the urban population's preference for healthy foods grows and as unsustainable rice and wheat production rises. People decided to switch from eating junk food to renowned rich super foods like millets and derivatives in order to strengthen their immunity. During the projection period, more consumers are anticipated to want millets as a healthy option. One of the main drivers of the demand for organic millet internationally is the change in consumer lifestyles, which has increased their propensity for healthier foods. High levels of protein and minerals found in organic millets assist prevent ailments including obesity, diabetes, and cardiovascular issues.

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Segmentation Analysis
The millet market is segmented based on the following categories:

by Product Type

finger millet
pearl millet
Kodo millet
foxtail millet
proso millet
barnyard millet
little millet

by Application

Bread goods,
Alcoholic and non-alcoholic beverages
Breakfast foods
Infant food

by Distribution Channel

super and hypermarkets
grocers
online retailers
Others

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Regional Insights:

The Asia –Pacific is emerging as a hotspot for activity around millets, with pearl millets being one of the most popular commodities due to its high volume share in the global trade. India contributes to nearly 20% of the global export value of Millets and thus is a key player in terms of ability to provide for global demand. China has shown gradual increase in the yields of millets. Other countries with relatively lower share in exports from India for Millets, like Kenya and Oman have shown even higher growth in the amount exported during the last few years.

In 2021 ,Millets were the world’s 3501st most traded product with the total share of $205M.The past few years has seen significant rise in the global demand for millets with the global exports growing by 45.8% between 2020-2021.India is the topmost producer of Millets , the United states leads the contribution in exports with a share of around 30%.50% of the Millets produced globally are imported to Indonesia, Iran, Germany, Belgium and South Korea among others establishing the Asia Pacific, Middle East and EU as regions of major global demand.

Key Players in the Millet Market are:

1. Cargill (US)
2. Archer Daniels Midland Company (US)
3. Seedway, LLC. (US)
4. Ernst Conservation Seeds (US)
5. Eastern Colorado Seeds, LLC (US)
6. Roundstone Native Seed Company (US)
7. Allied Seed, LLC (US)
8. Janadhanya Farmers Producer Company Limited (India)
9. Sresta Natural Bioproducts Pvt Ltd (India)
10. Just Organik (India)
11. Earthon Products Pvt Ltd (India)
12. Shimla Hills Offerings Pvt. Ltd. (India)
13. Pristine Organics Pvt Ltd. (India)
14. Sahaja Samrudha Organic Producer Company Ltd (SSOPCL) (India)
15. Viruthai Millets Farmer Producer Company Ltd. (India)
16. Crystal Crop Protection Pvt. Ltd. (India)
17. DUGAD Agro Foods (India)
18. Croda International Plc (UK)
19. Nestlé S.A. (Switzerland)
20. NH Foods Ltd (Japan)

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