Millet Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Top Millet Producing Countries and the Market is Segmented by Geography (North America, Europe, Asia-Pacific, South America, 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.

Millet Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Millet Market Size

Millet Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Market Size (2025) USD 12.06 Billion
Market Size (2030) USD 15.10 Billion
CAGR (2025 - 2030) 4.60 %
Fastest Growing Market Africa
Largest Market Asia-Pacific

Compare market size and growth of Millet Market with other markets in Agriculture Industry

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Millet Market Analysis

The Millet Market size is estimated at USD 12.06 billion in 2025, and is expected to reach USD 15.10 billion by 2030, at a CAGR of 4.6% during the forecast period (2025-2030).

Millet, a collection of small-seeded cereal grains, flourishes in arid climates. Across the globe, various millet types are cultivated, such as pearl millet, foxtail millet, finger millet, proso millet, and barnyard millet. Its ability to thrive in harsh conditions with minimal water makes millet crucial for areas grappling with water scarcity or subpar soil. Furthermore, the rollout of new millet varieties, customized for distinct climates, is propelling market expansion. For instance, in 2023, a partnership between HarvestPlus, the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), and the Lake Chad Research Institute introduced 'Jirani' and 'Chakti' in Nigeria. These are the inaugural biofortified pearl millets, enriched with iron. Designed to be climate-smart and naturally nutritious, these varieties aim to bolster household nutrition and farmer productivity in the face of global challenges.

Millet is a dietary staple in many regions, especially in Asia, Africa, and select parts of Europe. As the world pivots towards gluten-free alternatives to wheat and rice, and embraces plant-based diets, the demand for millet has seen a significant uptick. While urbanization in developing nations has shifted preferences towards processed foods, millets are carving out a niche due to their health benefits as a whole grain. This trend is further amplified by the increasing availability of processed millet products. In 2023, Nestle India launched a+ Masala millet-based porridges, highlighting both taste and nutrition. These porridges, made from locally sourced ingredients like bajra (pearl millet), barley, vegetables, and a distinctive mix of 10 spices, resonate with local dietary preferences. Consequently, the growing allure of millets, coupled with innovative product launches and an uptick in processed food consumption, is steering the market's growth.

Millet Market News

  • August 2024: The Prime Minister of India has launched 109 new and hybrid varieties across 61 crops, including millets such as barley, sorghum, pearl millet, and finger millet. These hybrids are aimed to enhance yields and improve quality, enabling farmers to secure better prices and increase their income.
  • January 2024: The Indo-US Millets Initiative, a collaboration between India and the United States, aims to enhance the awareness, production, and consumption of nutrient-rich millets. This initiative brings together key stakeholders in the millet sector, including non-profits Sorghum United and the North American Millets Alliance (NAMA), India's national India Millet Initiative, and the Daugherty Water for Food Global Institute from the University of Nebraska.
  • July 2023: The India-Africa International Millet Conference took place in Nairobi, Kenya intending to raise public awareness about South-South exchange and collaboration opportunities. It also focused on the nutritional and health benefits of millets and their suitability for cultivation under challenging conditions exacerbated by climate change.

Millet Market Report - Table of Contents

1. INTRODUCTION

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

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Demand for Superfoods
    • 4.2.2 Increasing Government Initiatives
    • 4.2.3 Focus on Sustainable Crop Production
  • 4.3 Market Restraints
    • 4.3.1 Limited Awareness and Availability
    • 4.3.2 Competition from Other Grains
  • 4.4 Value Chain / Supply Chain Analysis

5. MARKET SEGMENTATION

  • 5.1 Geography (Production Analysis by Volume, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume 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 Russian Federation
    • 5.1.3 Asia-Pacific
    • 5.1.3.1 China
    • 5.1.3.2 India
    • 5.1.3.3 Japan
    • 5.1.4 South America
    • 5.1.4.1 Peru
    • 5.1.4.2 Argentina
    • 5.1.5 Middle East and Africa
    • 5.1.5.1 United Arab Emirates
    • 5.1.5.2 Saudi Arabia
    • 5.1.5.3 Turkey
    • 5.1.5.4 Algeria
    • 5.1.5.5 Mali
    • 5.1.5.6 Nigeria
    • 5.1.5.7 Niger

6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Millet Industry Segmentation

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. 

Geography (Production Analysis by Volume, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume and Price Trend Analysis) North America United States
Canada
Europe Germany
Italy
United Kingdom
Russian Federation
Asia-Pacific China
India
Japan
South America Peru
Argentina
Middle East and Africa United Arab Emirates
Saudi Arabia
Turkey
Algeria
Mali
Nigeria
Niger
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Millet Market Research Faqs

How big is the Millet Market?

The Millet Market size is expected to reach USD 12.06 billion in 2025 and grow at a CAGR of 4.60% to reach USD 15.10 billion by 2030.

What is the current Millet Market size?

In 2025, the Millet Market size is expected to reach USD 12.06 billion.

Which is the fastest growing region in Millet Market?

Africa is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Millet Market?

In 2025, the Asia-Pacific accounts for the largest market share in Millet Market.

What years does this Millet Market cover, and what was the market size in 2024?

In 2024, the Millet Market size was estimated at USD 11.51 billion. The report covers the Millet Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Millet Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Millet Industry Report

Statistics for the 2025 Millet market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Millet analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.