+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Millet Seeds Market Size, Share & Trends Analysis Report By Nature (Conventional, and Organic), By Sales Channel (Specialty Stores, Hypermarket & Supermarket, and Online Channels), By Type, By Regional Outlook and Forecast, 2024 - 2031

  • PDF Icon

    Report

  • 316 Pages
  • August 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5514560
The Global Millet Seeds Market size is expected to reach $16.9 billion by 2031, rising at a market growth of 6.0% CAGR during the forecast period. In the year 2023, the market attained a volume of 715,469.59 tonnes, experiencing a growth of 13.2% (2020-2023).

Foxtail millet is relatively drought-resistant and requires less water than other grains like rice. Its cultivation contributes to sustainable agriculture practices, making it appealing to environmentally conscious consumers and farmers. Foxtail millet has cultural significance in various regions where it has been a traditional staple for centuries. This cultural heritage has sustained its consumption patterns and contributed to its market resilience. Thus, the Foxtail millet seed segment acquired 12% revenue share in the market 2023. In terms of volume 159,056.32 tonnes of foxtail millet seed is expected to be utilized by 2031.



Millets are rich in essential nutrients, including fiber, proteins, vitamins (especially B vitamins), and minerals like magnesium, iron, phosphorus, and potassium. Millets are an excellent choice for individuals with celiac disease or gluten intolerance due to their inherently gluten-free nature.

Additionally, increasing consumer demand for gluten-free beer and spirits is propelling the use of millet as a primary ingredient, as it is naturally gluten-free and suitable for celiac patients and those with gluten sensitivity. Millet offers distinct and diverse flavor profiles that appeal to craft brewers and distillers seeking to differentiate their products in a competitive market. This uniqueness enhances the appeal of millet-based beverages.

However, millet cultivation often occurs on smaller scales than major grains like wheat or rice. This limits the economies of scale that larger crops benefit from, leading to higher production costs per output unit. Millet cultivation and harvesting can be more labor-intensive than mechanized processes for larger crops.

Driving and Restraining Factors

Drivers
  • Increasing demand for healthy and nutritious food
  • Climate resilience and sustainability of millet crops
  • Expanding applications in brewing and distilling industry
Restraints
  • High cost of millet seeds products
  • Limited awareness and consumption
Opportunities
  • Rising government initiatives and support
  • Increasing adoption of millets in animal feed and pet food
Challenges
  • High competition from other grains and crops
  • Challenges in processing and storage

Nature Outlook

Based on nature, the market is categorized into conventional and organic. In 2023, the conventional segment registered 90% revenue share in the market. In terms of volume 1,164,736.45 tonnes of conventional millet seed are expected to be utilized by 2031. Conventional millet seeds have been cultivated and consumed for generations in many regions worldwide.

Sales Channel Outlook

By sales channel, the market is divided into hypermarkets & supermarkets, specialty stores, online channels and others. The hypermarket & supermarket segment procured 32% revenue share in the market in 2023. In terms of volume, 438,897.60 tonnes of millet seed are expected to be sold by 2031. Hypermarkets and supermarkets offer extensive product assortments, including various types of millet seeds (such as foxtail millet, pearl millet, finger millet, etc.) and millet-based products.



Type Outlook

On the basis of type, the market is segmented into pearl millet, finger millet, proso millet, foxtail millet, and others. The Pearl Millet segment recorded 47% revenue share in the market in 2023. In terms of volume 565,575.73 tonnes of pearl millet seed is expected to be utilized by 2031. Pearl millet is highly nutritious and rich in essential nutrients such as proteins, minerals (iron, magnesium), and vitamins (especially B-complex).

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region generated 26% revenue share in the market. In terms of volume, the North America segment is expected to utilize 295,033.60 tonnes of millet seed by 2031. Millet seeds have a long history of cultivation and consumption across various Asian countries, including India, China, Japan, and several Southeast Asian nations.

List of Key Companies Profiled

  • Allied Seed, LLC
  • Crystal Crop Protection Private Limited
  • Delphi Organic GmbH
  • Eastern Colorado Seeds, LLC.
  • Hancock Farm & Seed Co.
  • Mamta Hygiene Products Pvt Ltd.
  • Mirfak Pty Ltd
  • NUTS IN BULK (Outlet Wholefood Company Ltd.)
  • SOYA UK LTD
  • RR AGRO FOODS

Market Report Segmentation

By Nature (Volume, Tonnes, USD Billion, 2020-2031)
  • Conventional
  • Organic
By Sales Channel (Volume, Tonnes, USD Billion, 2020-2031)
  • Specialty Stores
  • Hypermarket & Supermarket
  • Online Channels
By Type (Volume, Tonnes, USD Billion, 2020-2031)
  • Pearl Millet
  • Finger Millet
  • Foxtail Millet
  • Proso Millet
  • Others
By Geography (Volume, Tonnes, USD Billion, 2020-2031)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Millet Seeds Market, by Nature
1.4.2 Global Millet Seeds Market, by Sales Channel
1.4.3 Global Millet Seeds Market, by Type
1.4.4 Global Millet Seeds Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Millet Seeds Market by Nature
4.1 Global Conventional Market by Region
4.2 Global Organic Market by Region
Chapter 5. Global Millet Seeds Market by Sales Channel
5.1 Global Specialty Stores Market by Region
5.2 Global Hypermarket & Supermarket Market by Region
5.3 Global Online Channels Market by Region
Chapter 6. Global Millet Seeds Market by Type
6.1 Global Pearl Millet Market by Region
6.2 Global Finger Millet Market by Region
6.3 Global Foxtail Millet Market by Region
6.4 Global Proso Millet Market by Region
6.5 Global Others Market by Region
Chapter 7. Global Millet Seeds Market by Region
7.1 North America Millet Seeds Market
7.1.1 North America Millet Seeds Market by Nature
7.1.1.1 North America Conventional Market by Region
7.1.1.2 North America Organic Market by Region
7.1.2 North America Millet Seeds Market by Sales Channel
7.1.2.1 North America Specialty Stores Market by Country
7.1.2.2 North America Hypermarket & Supermarket Market by Country
7.1.2.3 North America Online Channels Market by Country
7.1.3 North America Millet Seeds Market by Type
7.1.3.1 North America Pearl Millet Market by Country
7.1.3.2 North America Finger Millet Market by Country
7.1.3.3 North America Foxtail Millet Market by Country
7.1.3.4 North America Proso Millet Market by Country
7.1.3.5 North America Others Market by Country
7.1.4 North America Millet Seeds Market by Country
7.1.4.1 US Millet Seeds Market
7.1.4.1.1 US Millet Seeds Market by Nature
7.1.4.1.2 US Millet Seeds Market by Sales Channel
7.1.4.1.3 US Millet Seeds Market by Type
7.1.4.2 Canada Millet Seeds Market
7.1.4.2.1 Canada Millet Seeds Market by Nature
7.1.4.2.2 Canada Millet Seeds Market by Sales Channel
7.1.4.2.3 Canada Millet Seeds Market by Type
7.1.4.3 Mexico Millet Seeds Market
7.1.4.3.1 Mexico Millet Seeds Market by Nature
7.1.4.3.2 Mexico Millet Seeds Market by Sales Channel
7.1.4.3.3 Mexico Millet Seeds Market by Type
7.1.4.4 Rest of North America Millet Seeds Market
7.1.4.4.1 Rest of North America Millet Seeds Market by Nature
7.1.4.4.2 Rest of North America Millet Seeds Market by Sales Channel
7.1.4.4.3 Rest of North America Millet Seeds Market by Type
7.2 Europe Millet Seeds Market
7.2.1 Europe Millet Seeds Market by Nature
7.2.1.1 Europe Conventional Market by Country
7.2.1.2 Europe Organic Market by Country
7.2.2 Europe Millet Seeds Market by Sales Channel
7.2.2.1 Europe Specialty Stores Market by Country
7.2.2.2 Europe Hypermarket & Supermarket Market by Country
7.2.2.3 Europe Online Channels Market by Country
7.2.3 Europe Millet Seeds Market by Type
7.2.3.1 Europe Pearl Millet Market by Country
7.2.3.2 Europe Finger Millet Market by Country
7.2.3.3 Europe Foxtail Millet Market by Country
7.2.3.4 Europe Proso Millet Market by Country
7.2.3.5 Europe Others Market by Country
7.2.4 Europe Millet Seeds Market by Country
7.2.4.1 Germany Millet Seeds Market
7.2.4.1.1 Germany Millet Seeds Market by Nature
7.2.4.1.2 Germany Millet Seeds Market by Sales Channel
7.2.4.1.3 Germany Millet Seeds Market by Type
7.2.4.2 UK Millet Seeds Market
7.2.4.2.1 UK Millet Seeds Market by Nature
7.2.4.2.2 UK Millet Seeds Market by Sales Channel
7.2.4.2.3 UK Millet Seeds Market by Type
7.2.4.3 France Millet Seeds Market
7.2.4.3.1 France Millet Seeds Market by Nature
7.2.4.3.2 France Millet Seeds Market by Sales Channel
7.2.4.3.3 France Millet Seeds Market by Type
7.2.4.4 Russia Millet Seeds Market
7.2.4.4.1 Russia Millet Seeds Market by Nature
7.2.4.4.2 Russia Millet Seeds Market by Sales Channel
7.2.4.4.3 Russia Millet Seeds Market by Type
7.2.4.5 Spain Millet Seeds Market
7.2.4.5.1 Spain Millet Seeds Market by Nature
7.2.4.5.2 Spain Millet Seeds Market by Sales Channel
7.2.4.5.3 Spain Millet Seeds Market by Type
7.2.4.6 Italy Millet Seeds Market
7.2.4.6.1 Italy Millet Seeds Market by Nature
7.2.4.6.2 Italy Millet Seeds Market by Sales Channel
7.2.4.6.3 Italy Millet Seeds Market by Type
7.2.4.7 Rest of Europe Millet Seeds Market
7.2.4.7.1 Rest of Europe Millet Seeds Market by Nature
7.2.4.7.2 Rest of Europe Millet Seeds Market by Sales Channel
7.2.4.7.3 Rest of Europe Millet Seeds Market by Type
7.3 Asia Pacific Millet Seeds Market
7.3.1 Asia Pacific Millet Seeds Market by Nature
7.3.1.1 Asia Pacific Conventional Market by Country
7.3.1.2 Asia Pacific Organic Market by Country
7.3.2 Asia Pacific Millet Seeds Market by Sales Channel
7.3.2.1 Asia Pacific Specialty Stores Market by Country
7.3.2.2 Asia Pacific Hypermarket & Supermarket Market by Country
7.3.2.3 Asia Pacific Online Channels Market by Country
7.3.3 Asia Pacific Millet Seeds Market by Type
7.3.3.1 Asia Pacific Pearl Millet Market by Country
7.3.3.2 Asia Pacific Finger Millet Market by Country
7.3.3.3 Asia Pacific Foxtail Millet Market by Country
7.3.3.4 Asia Pacific Proso Millet Market by Country
7.3.3.5 Asia Pacific Others Market by Country
7.3.4 Asia Pacific Millet Seeds Market by Country
7.3.4.1 China Millet Seeds Market
7.3.4.1.1 China Millet Seeds Market by Nature
7.3.4.1.2 China Millet Seeds Market by Sales Channel
7.3.4.1.3 China Millet Seeds Market by Type
7.3.4.2 Japan Millet Seeds Market
7.3.4.2.1 Japan Millet Seeds Market by Nature
7.3.4.2.2 Japan Millet Seeds Market by Sales Channel
7.3.4.2.3 Japan Millet Seeds Market by Type
7.3.4.3 India Millet Seeds Market
7.3.4.3.1 India Millet Seeds Market by Nature
7.3.4.3.2 India Millet Seeds Market by Sales Channel
7.3.4.3.3 India Millet Seeds Market by Type
7.3.4.4 South Korea Millet Seeds Market
7.3.4.4.1 South Korea Millet Seeds Market by Nature
7.3.4.4.2 South Korea Millet Seeds Market by Sales Channel
7.3.4.4.3 South Korea Millet Seeds Market by Type
7.3.4.5 Australia & New Zealand Millet Seeds Market
7.3.4.5.1 Australia & New Zealand Millet Seeds Market by Nature
7.3.4.5.2 Australia & New Zealand Millet Seeds Market by Sales Channel
7.3.4.5.3 Australia & New Zealand Millet Seeds Market by Type
7.3.4.6 Malaysia Millet Seeds Market
7.3.4.6.1 Malaysia Millet Seeds Market by Nature
7.3.4.6.2 Malaysia Millet Seeds Market by Sales Channel
7.3.4.6.3 Malaysia Millet Seeds Market by Type
7.3.4.7 Rest of Asia Pacific Millet Seeds Market
7.3.4.7.1 Rest of Asia Pacific Millet Seeds Market by Nature
7.3.4.7.2 Rest of Asia Pacific Millet Seeds Market by Sales Channel
7.3.4.7.3 Rest of Asia Pacific Millet Seeds Market by Type
7.4 LAMEA Millet Seeds Market
7.4.1 LAMEA Millet Seeds Market by Nature
7.4.1.1 LAMEA Conventional Market by Country
7.4.1.2 LAMEA Organic Market by Country
7.4.2 LAMEA Millet Seeds Market by Sales Channel
7.4.2.1 LAMEA Specialty Stores Market by Country
7.4.2.2 LAMEA Hypermarket & Supermarket Market by Country
7.4.2.3 LAMEA Online Channels Market by Country
7.4.3 LAMEA Millet Seeds Market by Type
7.4.3.1 LAMEA Pearl Millet Market by Country
7.4.3.2 LAMEA Finger Millet Market by Country
7.4.3.3 LAMEA Foxtail Millet Market by Country
7.4.3.4 LAMEA Proso Millet Market by Country
7.4.3.5 LAMEA Others Market by Country
7.4.4 LAMEA Millet Seeds Market by Country
7.4.4.1 Brazil Millet Seeds Market
7.4.4.1.1 Brazil Millet Seeds Market by Nature
7.4.4.1.2 Brazil Millet Seeds Market by Sales Channel
7.4.4.1.3 Brazil Millet Seeds Market by Type
7.4.4.2 Argentina Millet Seeds Market
7.4.4.2.1 Argentina Millet Seeds Market by Nature
7.4.4.2.2 Argentina Millet Seeds Market by Sales Channel
7.4.4.2.3 Argentina Millet Seeds Market by Type
7.4.4.3 UAE Millet Seeds Market
7.4.4.3.1 UAE Millet Seeds Market by Nature
7.4.4.3.2 UAE Millet Seeds Market by Sales Channel
7.4.4.3.3 UAE Millet Seeds Market by Type
7.4.4.4 Saudi Arabia Millet Seeds Market
7.4.4.4.1 Saudi Arabia Millet Seeds Market by Nature
7.4.4.4.2 Saudi Arabia Millet Seeds Market by Sales Channel
7.4.4.4.3 Saudi Arabia Millet Seeds Market by Type
7.4.4.5 South Africa Millet Seeds Market
7.4.4.5.1 South Africa Millet Seeds Market by Nature
7.4.4.5.2 South Africa Millet Seeds Market by Sales Channel
7.4.4.5.3 South Africa Millet Seeds Market by Type
7.4.4.6 Nigeria Millet Seeds Market
7.4.4.6.1 Nigeria Millet Seeds Market by Nature
7.4.4.6.2 Nigeria Millet Seeds Market by Sales Channel
7.4.4.6.3 Nigeria Millet Seeds Market by Type
7.4.4.7 Rest of LAMEA Millet Seeds Market
7.4.4.7.1 Rest of LAMEA Millet Seeds Market by Nature
7.4.4.7.2 Rest of LAMEA Millet Seeds Market by Sales Channel
7.4.4.7.3 Rest of LAMEA Millet Seeds Market by Type
Chapter 8. Company Profiles
8.1 Allied Seed, LLC
8.1.1 Company Overview
8.2 Crystal Crop Protection Limited
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Acquisition and Mergers:
8.3 Delphi Organic GmbH
8.3.1 Company Overview
8.4 Eastern Colorado Seeds, LLC
8.4.1 Company Overview
8.5 Hancock Farm & Seed Co.
8.5.1 Company Overview
8.6 Mamta Hygiene Products Pvt. Ltd
8.6.1 Company Overview
8.7 Mirfak Pty Ltd
8.7.1 Company Overview
8.8 NUTS IN BULK (Outlet Wholefood Company Ltd.)
8.8.1 Company Overview
8.9 Soya UK Ltd
8.9.1 Company Overview
8.10. RR AGRO FOODS
8.10.1 Company Overview
Chapter 9. Winning Imperatives for Millet Seeds Market

Companies Mentioned

  • Allied Seed, LLC
  • Crystal Crop Protection Private Limited
  • Delphi Organic GmbH
  • Eastern Colorado Seeds, LLC.
  • Hancock Farm & Seed Co.
  • Mamta Hygiene Products Pvt Ltd.
  • Mirfak Pty Ltd
  • NUTS IN BULK (Outlet Wholefood Company Ltd.)
  • SOYA UK LTD
  • RR AGRO FOODS

Methodology

Loading
LOADING...