Millets Market Size By Product (Organic [Pearl, Finger, Proso, Foxtail], Regular [Pearl, Finger, Proso, Foxtail]), By Application (Infant Food, Bakery Products, Beverages[Alcoholic, Non-Alcoholic], Breakfast Food, Fodder), By Distribution Channel (Trade A

Millets Market Size By Product (Organic [Pearl, Finger, Proso, Foxtail], Regular [Pearl, Finger, Proso, Foxtail]), By Application (Infant Food, Bakery Products, Beverages[Alcoholic, Non-Alcoholic], Breakfast Food, Fodder), By Distribution Channel (Trade Associations, Supermarket, Traditional Grocery Stores, Online Stores), Industry Analysis Report Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Indonesia, Australia, Argentina, Brazil, Mexico, Niger, Mali, Nigeria, Sudan, Rest of Africa, Middle East), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025

Millets market will exceed USD 12 billion by 2025; according to a new research report.

Increasing interest on millets owing to their ability to survive in a changing climate, high nutritional value and rising health awareness across the globe shall positively influence the global millets market by 2025. Product is majorly cultivated in a semi-arid tropic of Asia and Africa and these regions collectively account for over 95% of the overall production. In addition, changing climatic conditions and reducing water level in Asia and Africa will propel millet cultivation in coming years as millet cultivation consumes very low water compared to the other crops such as wheat and rice.

Low crop productivity, difficult post-harvest operations, high labor intensity and lack of attractive farm gate prices are likely to hamper the millets market growth during the forecast timespan. Easy availability of rice and wheat through the Public Distribution System (PDS) in countries such as India has contributed to a shift in food consumption patterns in millet producing regions. Moreover, inadequate investment in product development and commercialization are hindering the millets market growth.

Pearl was the largest product segment in 2018 and is likely to grow with a CAGR over 3% during the forecast period. Pearl have 8 times higher iron content compared to the rice, which makes it better alternative for conventional food. Demand for other millets is also growing with a healthy CAGR due to high fibers, calcium and other minerals. Increasing demand for healthy and nutritious diet will fuel the other millets market growth in near future.

Product is majorly produced for household consumption and remaining produce is used to make infant food, breakfast beer and fodder. Millets beer is popular in Africa and gaining wide acceptance across the globe. Additionally, increasing healthy and nutrient rich bakery product demand is forecast to propel the millets market growth over the forecast timespan.

Distribution channels plays an important role in millets market. Many food processors are having direct tie-ups with the farmers. Farmer producer organizations are playing major role in product distribution and procurement. Traditional middleman’s role is reducing with an increasing prevalence of E-commerce sites and online stores. They help processors to create their own brand and reduce the cost of distribution due to which online stores are expected to exhibit the healthy growth number over the forecast period.

Product is majorly grown in Asia and Sub Saharan region. Asia Pacific accounted for major share of over 45% of millets market in 2018. Countries such as India and China registered the high product demand and projected to remain the largest producers and consumers over the forecast period. This high demand in the region can be attributed to the growing population and demand for nutritional food.

Millets market is highly fragmented with a presence of large number of local vendors. Some prominent players operating in the industry includes Sahaja Samrudha Organic Producer, Janadhanya Farmers Producer, Dharani FaM CooP, Shimla hills offerings, South Indian Grains Corporation, Earthon products Australia, Dharmapuri District Minor Millet Farmers Producers, Treta Agro., Sresta Natural Bioproducts and Inner Being Wellness.

Millets market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in Kilo Tons and revenue in USD million from 2014 to 2025, for the following segments:

Millets Market, Product By Application

Organic

Infant food
Bakery product
Breakfast foods
Beverages

Alcoholic

Non-alcoholic

Fodder
Others

Pearl
Infant food
Bakery product
Breakfast foods
Beverages

Alcoholic

Non-Alcoholic

Fodder
Others

Finger
Infant food
Bakery product
Breakfast foods
Beverages

Alcoholic

Non-Alcoholic

Fodder
Others

Proso
Infant food
Bakery product
Breakfast foods
Beverages

Alcoholic

Non-Alcoholic

Fodder
Others

Foxtail
Infant food
Bakery product
Breakfast foods
Beverages

Alcoholic

Non-Alcoholic

Fodder
Others

Others
Infant food
Bakery product
Breakfast foods
Beverages

Alcoholic

Non-Alcoholic

Fodder
Others

Regular

Infant food
Bakery product
Breakfast foods
Beverages

Alcoholic

Non-Alcoholic

Fodder
Others

Pearl
Infant food
Bakery product
Breakfast foods
Beverages

Alcoholic

Non-Alcoholic

Fodder
Others

Finger
Infant food
Bakery product
Breakfast foods
Beverages

Alcoholic

Non-Alcoholic

Fodder
Others

Proso
Infant food
Bakery product
Breakfast foods
Beverages

Alcoholic

Non-Alcoholic

Fodder
Others

Foxtail
Infant food
Bakery product
Breakfast foods
Beverages

Alcoholic

Non-Alcoholic

Fodder
Others

Others
Infant food
Bakery product
Breakfast foods
Beverages

Alcoholic

Non-Alcoholic

Fodder
Others
Millets Market, By Application

Infant food

Bakery product

Breakfast foods

Beverages

Alcoholic

Non-alcoholic

Fodder

Others

Millets Market, By Distribution Channel

Trade associations and organizations

Supermarkets

Traditional grocery stores

Online stores

Others

The above information is provided on a regional and country basis for the following:

North America

U.S.

Canada

Europe

Germany

UK

Italy

France

Asia Pacific

China

India

Japan

Australia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

Niger

Mali

Nigeria

Sudan

Rest of Africa

Middle East