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Millet Seeds Market Report and Forecast 2024-2032

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    Report

  • 162 Pages
  • June 2024
  • Region: Global
  • Expert Market Research
  • ID: 5982061

Market Outlook

According to this report, the millet seeds market size reached a value of USD 12.29 billion in 2023. Aided by the increasing demand for nutritious and sustainable food sources and the growing applications of millet in various sectors, 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.

Millets are small-seeded grasses that are cultivated primarily for food and fodder. Millet seeds are known for their high nutritional value, including essential amino acids, vitamins, minerals, and dietary fibre. These grains are drought-resistant and can thrive in harsh environmental conditions, making them a sustainable agricultural option. Millets are used in a variety of food products, including cereals, snacks, porridges, and alcoholic beverages.

The increasing consumer preference for nutritious and sustainable food sources is driving the millet seeds market growth. With the growing awareness of the health benefits associated with millet consumption, there has been a significant shift towards incorporating millets into daily diets. Millets are gluten-free, have a low glycaemic index, and are rich in antioxidants, making them popular among health-conscious consumers and those with dietary restrictions. Additionally, the rising trend of plant-based and gluten-free diets has further contributed to the increasing popularity of millets.

The expanding applications of millet in various sectors also play a significant role in propelling the market. In the food and beverage sector, millets are used to produce a wide range of products, including bakery items, breakfast cereals, snacks, and alcoholic beverages. The growing demand for innovative and nutritious food products is driving the adoption of millet as a key ingredient. In the animal feed industry, millets are used as a nutritious feed for poultry, livestock, and pets. The rising demand for high-quality animal feed is boosting the market growth.

Moreover, advancements in agricultural practices and seed technologies are driving innovation and development in the market. The introduction of high-yielding and disease-resistant millet seed varieties has enhanced the productivity and profitability of millet cultivation. Additionally, sustainable farming practices and organic farming methods are gaining popularity among millet farmers, consequently driving up the millet seeds market share.

The growing focus on food security and sustainable agriculture is also contributing to the market growth. Millets are resilient to climate change and can be cultivated in marginal lands with minimal inputs, making them a sustainable agricultural option. The increasing emphasis on promoting millet cultivation as a means to ensure food security and support rural livelihoods is driving the adoption of millet seeds. Various government initiatives and international programs are supporting millet cultivation and promoting the consumption of millets.

The regulatory environment plays a crucial role in shaping the market. Governments and regulatory bodies across the world are actively supporting the development and distribution of high-quality millet seeds. Various regulations and policies, such as subsidies, minimum support prices, and research funding, are promoting millet cultivation and ensuring the availability of quality seeds to farmers. These regulatory efforts are providing a favourable environment for the growth of the millet seeds market.

As per the millet seeds market analysis, the pearl millet segment holds a significant share of the market, driven by its high nutritional value and adaptability to various climatic conditions. Pearl millet is rich in protein, fibre, and essential minerals, making it a valuable food source. It is widely used in traditional and modern food products, including porridges, flatbreads, and snacks.

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 report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global millet seeds market. some of the major players explored in the report 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

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Millet Seeds Market Analysis
8.1 Key Industry Highlights
8.2 Global Millet Seeds Historical Market (2018-2023)
8.3 Global Millet Seeds Market Forecast (2024-2032)
8.4 Global Millet Seeds Market by Type
8.4.1 Pearl Millet
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Finger Millet
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Proso Millet
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Foxtail Millet
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Millet Seeds Market by Nature
8.5.1 Conventional
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Organic
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Millet Seeds Market by Distribution Channel
8.6.1 Supermarkets and Hypermarkets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Grocery Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Online Stores
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Millet Seeds Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Millet Seeds Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Millet Seeds Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Millet Seeds Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Millet Seeds Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Millet Seeds Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 100821)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Bayer AG
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Corteva Agriscience
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Hancock Seed & Company
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Allied Seed, L.L.C.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Mamta Hygiene Products Pvt Ltd
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Eastern Colorado Seeds, LLC
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Seedway, LLC
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Roundstone Native Seed Company
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Crystal Crop Protection Ltd.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Millet Seeds Market: Key Industry Highlights, 2018 and 2032
2. Global Millet Seeds Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Millet Seeds Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Millet Seeds Historical Market: Breakup by Nature (USD Billion), 2018-2023
5. Global Millet Seeds Market Forecast: Breakup by Nature (USD Billion), 2024-2032
6. Global Millet Seeds Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Millet Seeds Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Millet Seeds Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Millet Seeds Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Millet Seeds Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Millet Seeds Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Millet Seeds Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Millet Seeds Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Millet Seeds Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Millet Seeds Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Millet Seeds Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Millet Seeds Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Millet Seeds Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Millet Seeds Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. Global Millet Seeds Market Structure

Companies Mentioned

  • 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.

Methodology

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Table Information