Get the latest insights on price movement and trend analysis of Millets in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The Millet Market report segments the industry into Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). The report includes 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. Access five years of historical insights with five-year forecasts.

During the first quarter of 2025, the ​millet prices in China reached 2480 USD/MT in March. As per the ​millet price chart, prices likely saw fluctuations driven by a combination of factors, including supply chain disruptions, weather patterns impacting production, and shifts in consumer demand, potentially influenced by global events and economic conditions.

Explore IMARC's latest publication, “Millet Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the millet market, providing insights into both global and regional trends that are shaping prices.

Millets Market Outlook

The global millets market size was valued at approximately USD 10 billion in 2023 and is forecasted to reach around USD 17.5 billion by 2032, growing at a CAGR of 6.5% during the forecast period. The robust growth in the millets market is primarily driven by the rising consumer preference for healthy and organic food products, the increasing awareness of climate-resilient crops, and the supportive government policies promoting millet cultivation.

The health-conscious consumer base is expanding rapidly, and millets are gaining popularity due to their high nutritional content, including fiber, proteins, vitamins, and minerals. Millets are gluten-free, making them an excellent alternative for those with gluten intolerance or celiac disease. The increasing incidences of lifestyle diseases such as diabetes, obesity, and cardiovascular problems have led to a surge in demand for nutritious and functional foods. Consequently, millets are being increasingly incorporated into a variety of food products, including snacks, breakfast cereals, and bakery items, thus driving market growth.

Climate change and the need for sustainable agricultural practices have also significantly contributed to the growth of the millets market. Millets are hardy crops that can thrive in harsh climates and poor soils, making them a viable option for regions facing water scarcity and adverse weather conditions. Governments and international organizations are actively promoting millet cultivation as a means to ensure food security and sustainable agriculture. Initiatives such as the United Nations' declaration of 2023 as the International Year of Millets have further boosted awareness and adoption of these resilient crops.

Technological advancements in agriculture, including improved seed varieties and farming practices, are further propelling the growth of the millets market. Farmers are becoming more aware of the benefits of millet cultivation, including lower input costs and higher resilience to pests and diseases. The development of value-added millet products and the integration of millets into modern food processing techniques are also creating new growth opportunities within the market. Additionally, the growing trend of food fortification has led to the inclusion of millets in various fortified food products, thereby enhancing their market presence.

The role of Cereal Seeds in the millets market is becoming increasingly significant as farmers and agricultural stakeholders recognize their potential in enhancing crop yields and resilience. Cereal Seeds, which include a variety of millet seeds, are crucial for ensuring the successful cultivation of these hardy crops. With advancements in seed technology, Cereal Seeds are being developed to withstand adverse climatic conditions and improve nutritional content, thereby supporting the growing demand for millets. As the market for millets expands, the importance of high-quality Cereal Seeds cannot be overstated, as they form the foundation for sustainable agriculture and food security. The focus on improving seed varieties is not only beneficial for farmers but also aligns with global efforts to promote biodiversity and climate-resilient farming practices.

Regionally, Asia Pacific holds the largest share in the millets market, driven by high production and consumption in countries such as India and China. However, North America and Europe are expected to witness significant growth rates due to increasing health consciousness and dietary shifts towards ancient grains. Government initiatives and increasing investments in millet processing and distribution infrastructure are also playing a crucial role in market expansion across various regions.

Product Type Analysis

Pearl millet, also known as bajra, is one of the most widely cultivated and consumed types of millet globally. It is rich in essential nutrients such as protein, fiber, and iron, making it a staple food in many developing countries. The high drought tolerance and adaptability to various soil conditions make pearl millet a popular choice among farmers. The growing emphasis on food security and the nutritional benefits associated with pearl millet are expected to drive its demand further. In developed countries, pearl millet is increasingly being used in health foods and gluten-free products, thus expanding its market reach.

Finger millet, or ragi, is another significant segment in the millets market, known for

For the third consecutive year, the global millet market recorded growth in sales value, which increased by 1.3% to $14.1B in 2024. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level in 2024 and is likely to continue growth in years to come.

Forecast: Millet Market Size Volume Per Capita in India 2024 - 2028 Discover more data with ReportLinker!

Millets Market size was valued at $11.30 Billion in 2024 and is projected to reach $14.45 Billion in 2031, growing at a CAGR of 4.49% from 2024 to 2031.

Global Millets Market Drivers

Health Awareness and Nutritional Advantages: Grains abundant in fiber, protein, vitamins, and minerals are called millets. They are suitable for those with diabetes and gluten intolerance because they are low in glycemic index and gluten free. There is an increasing demand for products based on millet as customers become more health conscious and aware of the health advantages of millet. Millets are being consumed more often since they are thought to be a healthier option than wheat, rice, and other grains.

Growing Interest in Organic and Gluten-Free Foods: There is a growing demand for gluten-free and organic food items due to the rising prevalence of gluten-related illnesses and the growing trend towards natural and organic meals. Because millets are inherently gluten-free and require less chemical inputs to grow, they are becoming more and more popular among customers looking for healthier grain options. The market for millet is expanding due to consumer demand for gluten-free items made from millet, such as bread, pasta, and snacks.

Policies and Initiatives of the Government: Many governments are putting plans and regulations into place to encourage the growing and eating of millet, especially in nations like Africa and India. These programs involve offering farmers support, incentives, and subsidies; marketing millets through public distribution networks; and planning awareness campaigns to draw attention to their nutritional advantages. For example, in an attempt to increase farmers' livelihoods and ensure food security, the Indian government's National Food Security Mission and National Mission on Sustainable Agriculture encourage the growing of millets.

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Finger Millet Market Size 2024-2028

The finger millet market size is forecast to increase by USD 5.21 billion at a CAGR of 6.78% between 2023 and 2028.

Finger millet, a nutrient-dense crop known for its low glycemic index, offers significant opportunities in the health food industry. The key driver for the market is its property of aiding diabetes control, making it an attractive option for consumers seeking healthier alternatives. However, the market faces challenges, primarily due to the shortage of millet processing units. This scarcity hinders the production capacity expansion and limits the market's growth potential. Companies looking to capitalize on this market can explore partnerships with processing unit providers or invest in setting up their own facilities to address the processing bottleneck.
Additionally, focusing on research and development to create value-added products, such as flour or flakes, can cater to the growing demand for finger millet in various applications. By addressing these challenges, market players can effectively tap into the potential of the market and cater to the increasing consumer preference for healthier food options.

What will be the Size of the Finger Millet Market during the forecast period?

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Finger millet, a nutrient-dense ancient grain, continues to gain traction in various sectors due to its unique properties and evolving market dynamics. From traceability to innovation, the market exhibits a dynamic and continuous nature. Finger millet's traceability is increasingly important as consumers demand transparency and sustainability. This has led to advancements in distribution channels, ensuring a reliable supply of high-quality finger millet to retailers and end consumers. In the retail sector, finger millet's versatility is showcased through various applications, such as pasta, beverages, and baked goods. The nutritional benefits of finger millet, including its high iron content and gluten-free status, have fueled its growth in the health food market.
Standards and certifications play a crucial role in maintaining consistency and credibility, ensuring consumer trust. Finger millet's potential as a functional ingredient in various food and beverage applications continues to unfold, with ongoing research and innovation driving new product development. Finger millet's cultivation and processing techniques are continually evolving to improve yield and quality, with a focus on precision agriculture practices and hybrid varieties. The grain's fiber content and antioxidant properties make it an attractive option for both food and beverage industries. As consumer preferences shift towards healthier, more sustainable options, the market is poised for continued growth and innovation.

How is this Finger Millet Industry segmented?

The finger millet industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Food source
  Fodder
  Baking


Distribution Channel

  Supermarkets
  Online Retail
  Direct Sales
  Distributors


Category Type

  Food & Beverage
  Animal Feed
  Pharmaceuticals


Product Types

  Whole Grain
  Flour
  Processed Foods


End-User

  Household
  Commercial
  Industrial


Geography

  North America

    US
    Mexico


  Europe

    France
    Germany
    Italy
    Spain
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The food source segment is estimated to witness significant growth during the forecast period.

Finger millet, a nutrient-dense grain, is gaining popularity in the global food industry due to its numerous health benefits. Rich in iron and calcium, finger millet is commonly used to alleviate health conditions such as anemia and aid in managing depression, insomnia, and anxiety. Finger millet's hypoglycemic noodles, made from its flour, have a low glycemic index, making them an ideal food for individuals with blood sugar concerns. The cultivation of finger millet is prevalent in various parts of India, where it is used to make traditional dishes like dosa, murukku, and chapati. Finger millet's amino acid content helps regulate appetite, contributing to weight management.

The market for finger millet is projected to expand due to its potential health benefits in addressing conditions like high blood pressure, liver and heart problems, and asthma. The finger millet value chain encompasses cultivation, processing, packaging, distribution, and retail. Processing includes milling, baking, and creating various products like porridge, beverages, pasta, and snacks. Regulations play a cruci

According to Cognitive Market Research, the global millets market size will be USD 37514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 15005.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 11254.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 8628.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1875.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 750.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
The regular is the fastest growing segment of the millets industry

Market Dynamics of Millets Market

Key Drivers for Millets Market

Rising demand for gluten-free foods to drive market growth

The increasing prevalence of gluten intolerance and celiac disease, alongside rising consumer awareness of gluten-free diets, is significantly driving the demand for millets. As a naturally gluten-free grain, millets are an ideal alternative to wheat and barley, offering a nutritious option for those with dietary restrictions. This trend is amplified by the global shift toward healthier eating habits and low-allergen diets. Brands like Bob’s Red Mill and 24 Mantra Organic are capitalizing on this demand, launching millet-based products such as flours, breakfast cereals, and snacks. In March 2024, a report by the Global Gluten-Free Forum highlighted millets as a top gluten-free ingredient. Additionally, the growing focus on gluten-free certifications and clear labeling further boosts consumer confidence, driving millet consumption across diverse demographics.

Increasing health consciousness to boost market growth

Rising health consciousness among consumers is a major factor driving the growth of the millets market. With a growing focus on balanced diets and preventive healthcare, millets are gaining recognition as a superfood. Packed with essential nutrients such as fiber, proteins, magnesium, and iron, millets support weight management, heart health, and diabetes control. This makes them highly appealing to health-conscious individuals seeking natural and wholesome food options. The surge in demand for clean-label and minimally processed foods further strengthens this trend. Companies like Tata Consumer Products and Sresta Natural Bio products have introduced innovative millet-based products to cater to health-conscious consumers. In April 2024, the Global Wellness Summit identified millets as a rising trend in wellness diets, solidifying their role in promoting healthier lifestyles globally.

Restraint Factor for the Millets Market

Competition from other grains like quinoa and oats to limit market growth

The increasing popularity of alternative grains such as quinoa and oats poses a significant challenge to the growth of the millets market. Both quinoa and oats are well-established as nutrient-dense, versatile, and gluten-free options, which compete directly with millets in the health-conscious consumer segment. Quinoa, often marketed as a superfood, enjoys a strong global presence due to its higher protein content and culinary flexibility. Similarly, oats are widely recognized for their heart-health benefits and accessibility in convenient forms like oatmeal and granola. Aggressive marketing by leading brands has solidified their appeal, overshadowing millets in several regions. In addition, consumer familiarity with quinoa and oats, coupled with limited awareness about millets' benefits, creates a competitive barrier, particularly in developed markets, restricting millet adoption and market growth.

Impact of Covid-19 on the Millets Market

The COVID-19 pandemic negatively impacted the millets market, particularly during its early phases. Disruptions in supply chains due to lockdowns and travel restrictions hindered the distribution of mil...

Foxtail Millet Market Outlook 2032

The global foxtail millet market size was USD XX Billion in 2023 and is projected to reach USD XX Billion by 2032, expanding at a CAGR of XX% during 2024–2032. The market growth is attributed to the increasing demand for healthy and gluten-free food alternatives.



Growing demand for organic food products is projected to boost the market. Foxtail Millet, being a hardy crop that thrives in harsh environments with minimal chemical inputs, fits well into the organic farming model. Increasing momentum toward organic and sustainable agriculture is likely to fuel the cultivation and consumption of this millet variety.

Rising interest in ancient grains is estimated to fuel the market. Foxtail Millet, a staple in many traditional diets, is being rediscovered by modern consumers for its unique taste and nutritional profile. This trend, combined with the increasing popularity of ethnic and exotic foods, is expected to boost the demand for this ancient grain.

Impact of Artificial Intelligence (AI) in Foxtail Millet Market

Artificial Intelligence has a positive impact on foxtail millet market.In the cultivation phase, AI-powered predictive analytics optimize foxtail millet farming by providing accurate forecasts on weather patterns, soil health, and crop yield. This precision agriculture approach enhances productivity and sustainability, thereby increasing the availability and affordability of the grain.



In the processing phase, AI streamlines operations and improves efficiency. Machine learning algorithms automate the sorting and grading of the grain, reducing wastage and ensuring consistent quality. Furthermore, AI facilitates data-driven decision-making. By analyzing consumer behavior and market trends, AI helps businesses identify opportunities and devise effective strategies.

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The global millet market is projected to grow from USD 16.1 billion in 2025 to USD 56.7 billion by 2035, registering a CAGR of 13.4%.

Global Millets market size is expected to reach $15.19 billion by 2029 at 5.5%, segmented as by product type, pearl millet, foxtail millet, sorghum, finger millet, other products

The U.S. millet market fell notably to $110M in 2024, reducing by -44.3% against the previous year. Overall, consumption, however, showed a strong increase. As a result, consumption attained the peak level of $211M. From 2014 to 2024, the growth of the market failed to regain momentum.

The global millets market size was valued at USD 49 million in 2025 and is projected to grow at a CAGR of 5.4% from 2025 to 2033. Millets are a group of small-seeded grains that are typically grown in semi-arid regions of Asia and Africa. They are a good source of protein, fiber, and minerals, and are becoming increasingly popular as a health food. The major drivers of the market are the growing demand for gluten-free foods, the increasing awareness of the health benefits of millets, and the government support for millets cultivation. The market is segmented into application, type, and region. The bakery segment is the largest application segment, accounting for over 50% of the market share in 2025. The beverages segment is the second largest, followed by the breakfast foods, fodder, and others segments. The pearl millet type is the largest type segment, accounting for over 70% of the market share in 2025. The finger millet, proso millet, foxtail millet, and others type segments account for the remaining market share. The Asia Pacific region is the largest regional segment, accounting for over 60% of the market share in 2025. The North America region is the second largest, followed by the Europe, Middle East & Africa, and South America regions.

The millet snacks market is projected to grow from US$ 2.79 Bn in 2025 to US$ 4.12 Bn by 2032, registering a 5.7% CAGR during the forecast period

The global millets market is experiencing robust growth, driven by increasing consumer awareness of its nutritional benefits and rising demand for gluten-free and healthy food options. The market size in 2025 is estimated at $10.33 billion. While the specific CAGR is not provided, considering the surging popularity of millets as a superfood and their adaptability to various food applications, a conservative estimate of the CAGR for the forecast period (2025-2033) would be around 7-8%. This growth is fueled by several factors, including the increasing prevalence of dietary-related health issues, a growing preference for plant-based diets, and government initiatives promoting millet cultivation in several regions. Key application segments include bakery products, beverages, and breakfast foods, with significant potential for expansion in these areas. Leading players such as Archer Daniels Midland Company and Cargill, Inc. are strategically investing in research and development to enhance millet production and processing technologies, further contributing to market expansion. The diverse types of millets—pearl millet, finger millet, proso millet, foxtail millet, and others—present numerous opportunities for product diversification and catering to specific consumer preferences. Geographical growth is expected to be varied. Regions like Asia Pacific (particularly India and China), with a long history of millet consumption, are anticipated to maintain significant market share. However, increasing awareness in North America and Europe is driving substantial growth in these regions as well. The market faces some challenges, including the relatively lower yield compared to other grains and the need for improved infrastructure to support larger-scale production and distribution. Nonetheless, ongoing research into higher-yielding varieties and the rising consumer demand are expected to outweigh these restraints, leading to a consistently expanding market over the forecast period.

Forecast: Millet Market Size Volume in China 2024 - 2028 Discover more data with ReportLinker!

Forecast: Millet Market Size Volume in Indonesia 2022 - 2026 Discover more data with ReportLinker!

Global Millets Market reached USD 6.2 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 9.5 billion by 2030

The global millet seeds market is experiencing robust growth, driven by increasing consumer awareness of millet's nutritional benefits and its resilience to climate change. The market, estimated at $2.5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033, reaching approximately $4.5 billion by 2033. This expansion is fueled by several key factors. Rising health consciousness is driving demand for gluten-free and nutrient-rich grains, positioning millet as a superior alternative to conventional cereals. Furthermore, its adaptability to arid and semi-arid regions makes it a crucial crop in the face of climate change impacts on global food security. Government initiatives promoting sustainable agriculture and diversification of food crops are also bolstering market growth. The market is segmented by type (pearl millet, foxtail millet, finger millet, etc.), application (food, feed, beverages), and geography, with regional variations in consumption patterns impacting market dynamics. Key players such as Corteva Agriscience, Bayer, Alta Seeds, and others are strategically investing in research and development to improve millet yields and introduce new varieties tailored to specific regional needs. Competition within the market is intense, focusing on product innovation, improved seed quality, and effective distribution networks. Despite the optimistic outlook, certain challenges hinder market growth. Fluctuations in raw material prices, limited processing infrastructure in certain regions, and the relatively lower yields compared to other cereals pose significant restraints. However, ongoing technological advancements in seed production and processing are gradually mitigating these constraints. The increasing adoption of precision agriculture techniques is enhancing efficiency and reducing costs, contributing to the overall market expansion. The future of the millet seeds market is bright, with opportunities for sustainable growth driven by a confluence of factors including increasing consumer demand, supportive government policies, and technological advancements in the agricultural sector.