Millet Seeds Market Outlook
According to the report by Expert Market Research (EMR), the global millet seeds market size reached a value of USD 12.29 billion in 2023. Aided by the millet’s rising prominence as a versatile and resilient crop in the face of changing dietary trends and climate challenges, the market is projected to further grow at a CAGR of 6.6% between 2024 and 2032 to reach a value of USD 21.98 billion by 2032.
Millet, comprising various small-seeded grasses, is celebrated for its adaptability to arid conditions, making it an ideal crop for regions grappling with water scarcity and soil degradation. Beyond its agricultural advantages, millet seeds are gaining attention for their health benefits, including high protein content, gluten-free nature, and a rich array of vitamins and minerals. These attributes position millet as a key player in the global movement towards sustainable agriculture and nutritious food systems.
The millet seeds market growth is propelled by several key factors, with consumer health consciousness at the forefront. The increasing demand for gluten-free and nutrient-rich grains has spotlighted millet as a superior dietary choice. Its high fibre content, essential amino acids, and antioxidant properties cater to a growing segment of health-conscious consumers, further buoyed by the global rise in celiac disease and gluten sensitivity.
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Sustainability and environmental resilience are influencing the millet seeds market expansion. Millet’s robustness in drought-prone areas aligns with global efforts to combat climate change and ensure food security. Its ability to thrive in poor soils with minimal inputs reduces dependence on synthetic fertilisers and pesticides, promoting biodiversity and sustainable farming practices. Research and development efforts are underway to develop new millet varieties and hybrids with improved traits such as yield, drought tolerance, and disease resistance. The introduction of new varieties is expected to drive market expansion.
Millet seeds are being explored for their functional properties and potential health benefits beyond basic nutrition which can boost the millet seeds market share. Research into the bioactive compounds present in millets and their physiological effects is leading to the development of millet-based functional foods, dietary supplements, and ingredients targeting specific health conditions. Millets have been staple foods in many cultures for centuries, especially in regions like Africa and Asia. As global culinary diversity becomes more appreciated, there’s a resurgence of interest in traditional millet-based dishes and recipes. This cultural revival is driving demand for millet seeds both domestically and internationally.
As per the millet seeds market outlook, government initiatives and policy support in various countries, recognising millet’s role in food security and nutritional goals, have spurred research and development, seed improvement programs, and subsidies for millet cultivation. These measures have enhanced yield potentials, market accessibility, and awareness of millet’s benefits, contributing to the market’s expansion. There is growing interest in millet seeds and millet-based products in international markets, presenting export opportunities for millet-producing regions. Export-oriented strategies and trade agreements are facilitating the global trade of millet seeds.
According to the millet seeds market analysis, the push for agricultural diversification and climate-resilient crops opens further avenues for millet’s incorporation into national and international agricultural policies and research agendas. Collaboration between governments, research institutions, and the private sector can accelerate the development of improved millet varieties, cultivation techniques, and market infrastructure.
Innovations in millet processing technologies in millet seeds market are enabling value addition and diversification of millet-based products. Techniques such as milling, extrusion, puffing, and fortification are used to create a wide range of millet-derived products with improved sensory attributes, shelf stability, and nutritional profiles.
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Millet Seeds Market Segmentation
The market can be divided based on type, nature, distribution channel, and region.
Market Breakup by Type
- Pearl Millet
- Finger Millet
- Proso Millet
- Foxtail Millet
- Others
Market Breakup by Nature
- Conventional
- Organic
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Grocery Stores
- Online Stores
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global millet seeds market. Some of the major players explored in the report by Expert Market Research are as follows:
- Bayer AG
- Corteva Agriscience
- Hancock Seed & Company
- Allied Seed, L.L.C.
- Mamta Hygiene Products Pvt Ltd
- Eastern Colorado Seeds, LLC
- Seedway, LLC
- Roundstone Native Seed Company
- Crystal Crop Protection Ltd.
- Others
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