Millet Seeds Market Outlook
According to the report by Expert Market Research (EMR), the global millet seeds market size reached approximately USD 12.29 billion in 2023. Aided by the rising emphasis on sustainability and increasing health awareness, the market is projected to grow at a CAGR of 6.6% between 2024 and 2032, reaching a value of around USD 21.98 billion by 2032.
The global millet seeds market value is increasing as consumers worldwide increasingly turn to ancient grains for their health benefits, sustainability, and versatility in culinary applications. Millet seeds, small-seeded grasses widely cultivated as cereal crops or grains for fodder and human food, come in various types including pearl, foxtail, proso, and finger millet. These grains are highly nutritious, gluten-free, and a rich source of fibre, proteins, vitamins, and minerals, making them an excellent dietary choice for health-conscious consumers.
A key global millet seeds market trend is the growing consumer awareness of the nutritional benefits associated with millet. These grains are not only gluten-free but also possess a low glycemic index, which helps in controlling blood sugar levels, making them particularly beneficial for diabetics. Additionally, the high fibre content in millet aids digestion and contributes to cardiovascular health. As a result, there is a rising demand for millet seeds among consumers looking for healthy and natural food options.
The global millet seeds market expansion is supported by the trend towards organic and non-GMO millet seeds. With the increasing concerns over the environmental and health impacts of genetically modified organisms (GMOs) and chemical pesticides, consumers are increasingly opting for organic millet seeds, which are perceived as safer and more sustainable. This shift is encouraging more farmers to adopt organic farming practices, and several governments are providing support through subsidies and incentives to promote organic agriculture.
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Sustainability is another crucial trend aiding the millet seeds market demand. Millet is a hardy crop that requires less water and can grow in poor soil conditions compared to other grains such as wheat and rice. This makes millet an ideal crop for sustainable agriculture practices, particularly in arid and semi-arid regions where water scarcity is a growing concern. The ability of millet to adapt to harsh environments and its role in crop rotation and soil fertility enhancement further strengthens its appeal as a sustainable crop choice.
Innovations in millet processing and product development are also driving the global millet seeds market growth. Food manufacturers are increasingly exploring new ways to incorporate millet into various food products such as bakery goods, snacks, breakfast cereals, and even beverages. This innovation extends to the use of millet flour in gluten-free products and the development of millet-based ready-to-eat meals, catering to the convenience needs of modern consumers. These product developments are not only expanding the range of millet-based products available in the market but are also enhancing the visibility and accessibility of millet to a broader audience.
The global millet seeds market development is facilitated by the increasing globalization of food cultures, with millet being incorporated into diets beyond its traditional markets in Africa and Asia. Western countries are now discovering millet as a “superfood” due to its health benefits and are incorporating it into health and wellness diets. This growing international demand is encouraging more countries to cultivate millet, which is also seen as a strategy to diversify agriculture and reduce dependence on staple crops like corn and rice.
However, the millet seeds market faces challenges such as a lack of awareness in certain regions and competition from more dominant grains like quinoa, which also occupies the ancient grains marketplace. To combat these challenges, significant efforts are being made towards marketing and educating consumers about the benefits of millet through campaigns and collaborations with chefs and food influencers who can showcase the versatility and benefits of millet in everyday diets.
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Millet Seeds Market Segmentation
The global millet seeds 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, 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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