Millet Market Size and Share
Millet Market Analysis by Mordor Intelligence
The Millet market size is estimated at USD 12.60 billion in 2025 and is projected to reach USD 16.04 billion by 2030, at a CAGR of 4.95% during the forecast period. The climb reflects a decisive industry pivot toward climate-resilient crops as water scarcity, erratic monsoons, and rising temperatures undermine traditional cereals. Demand also benefits from millet’s 70% lower irrigation requirement versus rice, its proven capacity to survive on just 200-400 mm of rainfall, and its widening role in functional foods that command price premiums of 40-60% over commodity grains. Processing investments from conglomerates such as ITC Limited and policy interventions like India’s Public Distribution System inclusion have accelerated acreage expansion, while forward contracts and futures listings improve price discovery for risk-averse growers.
Key Report Takeaways
- By geography, Asia-Pacific led with a 46.1% millet market consumption value in 2024, while Africa is forecast to expand at a 5.2% CAGR through 2030, the fastest regional growth trajectory.
Global Millet Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Climate-resilient crop advantage | +1.2% | Global, highest in Sub-Saharan Africa and South Asia | Long term (≥ 4 years) |
| Surge in functional food and beverage formulation | +0.8% | North America, Europe, and urban Asia-Pacific | Medium term (2-4 years) |
| Government millet missions and subsidies | +0.7% | India, Nigeria, Niger, and Mali | Short term (≤ 2 years) |
| Growing demand in gluten-free commodity trading | +0.6% | North America and Europe | Medium term (2-4 years) |
| Accelerated Research and Development in stress-tolerant varieties | +0.4% | Global research hubs, and spill-over to producing regions | Long term (≥ 4 years) |
| Carbon-credit potential for dryland farmers | +0.3% | Semi-arid zones worldwide | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Climate Resilient Crop Advantage
Millet’s capacity to produce dependable yields on marginal land turns the crop into a strategic hedge against heat and drought shocks. Varieties withstand 200-400 mm of annual rainfall, while rice demands roughly 1,200 mm. Breakthrough “resurrection millet” lines even rehydrate embolized xylem tissue after complete desiccation, a trait that safeguards yield when competing cereals lose 30-50% of output under drought.[1]Source: Agricultural Research Service, “Resurrection Millet: A Plant That Revives After Severe Drought,” ARS.USDA.GOV As climate volatility intensifies, governments incorporate millet into food-security strategies, and growers extend cultivation onto fallow, rain-fed acreage, enlarging the millet market.
Surge in Functional Food and Beverage Formulation
The functional food boom elevates millet from a subsistence staple to a premium ingredient. Nutritional analyses show 60-70% carbohydrates and up to 12.1% protein alongside high calcium and magnesium densities. Meta-analysis across 19 trials reveals millet consumption cuts fasting blood glucose by 11.8% and post-prandial glucose by 15.1%, legitimizing disease-management claims for finished products. Pearl millet flour now substitutes up to 20% of wheat in gluten-free breads without sensory penalties, sustaining the premium segment’s double-digit growth. These findings encourage processors to introduce high-margin snacks, cereals, and beverages that further enlarge the millet market.
Government Millet Missions and Subsidies
Public policy accelerates adoption by guaranteeing markets and lowering on-farm risk. India designated 2023 the International Year of Millets, embedded the grain in the Public Distribution System, and set a USD 100 million export target by 2025.[2]Source: Permanent Mission of India, “Millet at the United Nations,” PMINEWYORK.GOV.IN Similar initiatives in Nigeria, Niger, and Mali include subsidized seed, mechanization grants, and community storage units, actions that trimmed historic post-harvest losses of 20-30% to near 15%. These missions bring orchestrated procurement, market-linkage programs, and farmer-field schools that collectively support millet market expansion.
Growing Demand in Gluten-Free Commodity Trading
Gluten-free demand moved beyond celiac management into mainstream wellness, reshaping commodity flows. India exported 146,000 metric tons of millet in FY 2024, earning USD 70.89 million, a sharp pivot from a historically domestic-focused supply chain.[3]Source: APEDA, “Indian Millet Exports,” APEDA.GOV.IN Grading protocols and futures contracts introduced on regional exchanges bolster price transparency and hedge tools, drawing institutional buyers into the millet market. Western millers prefer millet’s native mineral profile and longer shelf life versus rice-based flours, fueling a trade corridor that widens the millet market size.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Limited mechanization and yield gap | -0.9% | Sub-Saharan Africa, and smallholder belts in South Asia | Medium term (2-4 years) |
| Volatile global commodity pricing | -0.6% | Export-dependent regions worldwide | Short term (≤ 2 years) |
| Infrastructure deficit in post-harvest handling | -0.5% | Sub-Saharan Africa, rural India | Medium term (2-4 years) |
| Competition from high-productivity cereals | -0.4% | Irrigated zones worldwide | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Limited Mechanization and Yield Gap
Mechanized planting and harvesting reach barely 15% of millet acreage in Africa versus 80% for wheat in high-income markets. Tiny seeds clog conventional drills, and diverse landraces complicate equipment calibration. Field yields average 800-1,200 kg/ha compared with research-station ceilings near 3,000 kg/ha, locking producers into labor-intensive regimes that undercut price competitiveness. Absent affordable implements, the yield gap persists and slows millet market growth despite robust demand signals.
Infrastructure Deficit in Post-Harvest Handling
Post-harvest losses hover at 25-30% where hermetic storage, cold chains, and dehulling plants remain scarce. Farmers often sell unprocessed grain immediately to avoid spoilage, forfeiting 10-12% of potential revenue. The shortage of paved feeder roads inflates transport costs by up to 40%, eroding farm-gate returns and discouraging yield-enhancing input use. These structural gaps weigh on the millet market's competitiveness in global trade.
Geography Analysis
Asia-Pacific retained 46.1% of the millet market share in 2024, with India contributing substantial production volumes and generating notable export earnings, both of which directly fuel regional processing demand. Government minimum-support prices, integration into public ration shops, and aggressive export targets underpin the region’s entrenched leadership. China remains a vital consumption base for feed and liquor applications, yet its urbanizing dietary shift limits incremental growth, nudging Asia-Pacific toward a mature phase of the millet market.
Africa is on course for a 5.2% CAGR through 2030, the quickest climb among all continents. Niger, Nigeria, and Mali collectively harvested a significant share in 2024, equal to roughly one-third of global pearl millet output. National food-security agendas and climate adaptation policies incentivize acreage expansion, while corridor-wide processing investments improve value capture. Niger’s edible-grain exports of millet already represent a meaningful portion of the country’s total foreign earnings, and France absorbs a large share of that volume, signaling a budding Europe-Africa supply chain.
North America and Europe together form a niche but lucrative node within the millet market. Trials in the inland Pacific Northwest report proso millet varieties such as Plateau and Sunup outperforming earlier cultivars in iron, zinc, and antioxidant concentrations while delivering yields exceeding 2.5 metric tons per hectare. European buyers emphasize organic certification, sustainable sourcing, and traceable supply chains, attributes that justify price premiums sufficient to offset higher labor and compliance costs. Consequently, these high-income markets contribute disproportionate value relative to volume, thereby magnifying the overall millet market size.
Recent Industry Developments
- June 2025: Millet Udyami Bharath 2025, held in Hyderabad, trained 140 participants from 25 Indian states in millet entrepreneurship, wellness, and sustainable agricultural business. The event established a foundation for a nationwide millet initiative by developing expertise in agriculture, health, and business sectors.
- August 2024: The Prime Minister of India introduced 109 new and hybrid varieties of 61 crops, including millets such as barley, sorghum, pearl millet, and finger millet. These varieties aim to increase crop yields and quality, helping farmers obtain higher prices and improve their income.
- January 2024: The Indo-US Millets Initiative is a collaborative effort between India and the United States to increase awareness, production, and consumption of nutrient-rich millets. The initiative integrates expertise from multiple organizations, including Sorghum United, the North American Millets Alliance (NAMA), India's national India Millet Initiative, and the University of Nebraska's Daugherty Water for Food Global Institute.
Global Millet Market Report Scope
Millets are a group of small-seeded grasses that produce cereal grains and are widely grown worldwide in semi-arid areas. Millets are used for fodder and human food due to their high nutritional content. The millet market is segmented by geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The report includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The report offers market size and forecast in terms of value (USD) and volume (metric tons) for the above-mentioned segments.
| North America | United States |
| Canada | |
| Europe | Germany |
| Italy | |
| United Kingdom | |
| Russia | |
| France | |
| Asia-Pacific | China |
| India | |
| Japan | |
| Australia | |
| South America | Brazil |
| Argentina | |
| Peru | |
| Middle East | Saudi Arabia |
| United Arab Emirates | |
| Turkey | |
| Africa | Nigeria |
| Niger | |
| Mali |
| By Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis) | North America | United States |
| Canada | ||
| Europe | Germany | |
| Italy | ||
| United Kingdom | ||
| Russia | ||
| France | ||
| Asia-Pacific | China | |
| India | ||
| Japan | ||
| Australia | ||
| South America | Brazil | |
| Argentina | ||
| Peru | ||
| Middle East | Saudi Arabia | |
| United Arab Emirates | ||
| Turkey | ||
| Africa | Nigeria | |
| Niger | ||
| Mali | ||
Key Questions Answered in the Report
How large is the millet market in 2025?
The millet market size reached USD 12.60 billion in 2025 and is projected to touch USD 16.04 billion by 2030.
Which region holds the largest share of millet sales?
Asia-Pacific leads with a 46.1% millet market share due to India's production dominance and integrated export ecosystem.
Why is Africa considered the fastest-growing territory?
Policy emphasis on food security, expanding acreage in Niger, Nigeria, and Mali, and rising export activity pushes Africa toward a 5.2% CAGR through 2030.
What are the main factors driving demand for millet-based products in the United States and Europe?
Health-conscious consumers favor gluten-free, nutrient-dense foods, while processors value millet's shelf stability and mineral profile, both of which encourage product launches.
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