Millet Market Size and Share

Millet Market (2025 - 2030)
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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.

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.

Millet Market CAGR (%), Growth Rate by Region
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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.

Table of Contents for Millet Industry Report

1. Introduction

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Climate Resilient Crop Advantage
    • 4.2.2 Surge in Functional Food and Beverage Formulation
    • 4.2.3 Government Millet Missions and Subsidies
    • 4.2.4 Growing Demand in Gluten-Free Commodity Trading
    • 4.2.5 Accelerated Research and Development in Stress-Tolerant Varieties
    • 4.2.6 Carbon-Credit Potential for Dryland Farmers
  • 4.3 Market Restraints
    • 4.3.1 Limited Mechanization and Yield Gap
    • 4.3.2 Volatile Global Commodity Pricing
    • 4.3.3 Infrastructure Deficit in Post-Harvest Handling
    • 4.3.4 Competition from High-Productivity Cereals
  • 4.4 Value/Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 PESTLE Analysis

5. Market Size and Growth Forecasts (Value and Volume)

  • 5.1 By Geography (Production Analysis (Volume), Consumption Analysis (Volume and Value), Import Analysis (Volume and Value), Export Analysis (Volume and Value), and Price Trend Analysis)
    • 5.1.1 North America
    • 5.1.1.1 United States
    • 5.1.1.2 Canada
    • 5.1.2 Europe
    • 5.1.2.1 Germany
    • 5.1.2.2 Italy
    • 5.1.2.3 United Kingdom
    • 5.1.2.4 Russia
    • 5.1.2.5 France
    • 5.1.3 Asia-Pacific
    • 5.1.3.1 China
    • 5.1.3.2 India
    • 5.1.3.3 Japan
    • 5.1.3.4 Australia
    • 5.1.4 South America
    • 5.1.4.1 Brazil
    • 5.1.4.2 Argentina
    • 5.1.4.3 Peru
    • 5.1.5 Middle East
    • 5.1.5.1 Saudi Arabia
    • 5.1.5.2 United Arab Emirates
    • 5.1.5.3 Turkey
    • 5.1.6 Africa
    • 5.1.6.1 Nigeria
    • 5.1.6.2 Niger
    • 5.1.6.3 Mali

6. Competitive Landscape

  • 6.1 List of Stakeholders

7. Market Opportunities and Future Outlook

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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. 

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
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
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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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