Millet and Sorghum Ancient Grains Market Size Share Industry Trends 2023-2030

Millet and Sorghum Ancient Grains Market Size

Global Millet and Sorghum Ancient Grains Market to Reach US$ 11.6 Billion by 2030, Registering a CAGR of 2.1%

The global Millet and Sorghum Ancient Grains Market, valued at US$ 9.9 billion in 2022, is poised for substantial growth, projected to reach US$ 11.6 billion by 2030, exhibiting a steady Compound Annual Growth Rate (CAGR) of 2.1% during the forecast period spanning from 2023 to 2030.

Ancient grains, such as millet and sorghum, have experienced remarkable growth over recent years, retaining their nutritional value and natural characteristics. These grains have gained favor among consumers for their rich nutrient content, including essential vitamins and fiber. In addition to being naturally gluten-free, they contribute to heart health maintenance, driving the global demand for millet and sorghum ancient grains.

Agricultural & Processed Food Products Export Development Authority (APEDA) of India has introduced a range of "Millet in Minutes" products under the Ready-to-Eat (RTE) category, encompassing offerings like Upma, Pongal, Khichadi, Noodles, Biryani, and more. These products are available at affordable prices, ranging from Rs 5 to Rs 15, and were unveiled at the AAHAR food fair, further stimulating market growth.

The millet segment holds the lion's share in this market, with the Asia-Pacific region leading the global Millet and Sorghum Ancient Grains Market. India, as the largest producer and consumer of these grains, has an average millet yield of 1208 kgs per hectare in 2021-22.

Millet and Sorghum Ancient Grains Market Scope:

CAGR: 2.1%

Size Available for Years: 2021-2030

Forecast Period: 2023-2030

Data Availability: Value (US$)

Segments Covered: Type, Distribution Channel, Application, and Region

Regions Covered: North America, Europe, Asia-Pacific, South America, and Middle East & Africa

Fastest Growing Region: North America

Largest Region: Asia-Pacific

Report Insights Covered: Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other Key Insights.

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Millet and Sorghum Ancient Grains Market Dynamics:

Government Initiatives: Governments worldwide are encouraging the cultivation, processing, and consumption of millet and sorghum ancient grains through various schemes and policies, fueling market growth. In February 2023, the Agricultural and Processed Food Products Export Development Authority (APEDA) of India signed a Memorandum of Understanding (MoU) with Lulu Hypermarket LLC to export and promote millets and value-added millet products in GCC countries.

Rising Demand for Innovative Foods: Consumer demand for innovative nutrition foods, especially in the form of Ready-to-Eat (RTE) products rich in fiber, vitamins, minerals, and antioxidants, is boosting market growth. Manufacturing companies are introducing innovative millet-based products to attract a larger consumer base. For example, Nestle recently launched a range of a+masala Millet-based porridge containing ancient pearl millet, barley, vegetables, and a variety of 20 spices, available in different flavors.

Specific Growing Conditions: The specific growing conditions, such as warm, dry weather and moderate rainfall, significantly impact the market growth of millet and sorghum ancient grains. Regions experiencing significant temperature shifts, heavy rainfall, or prolonged droughts may face challenges in cultivation, which can affect market growth.

Geographical Penetration:

High Production: The Asia-Pacific region is a dominant force in the global market, with consumers widely adopting millet and sorghum-based RTE foods. India, in particular, has witnessed an average millet yield of 1208 kgs per hectare in 2021-22, contributing to the region's high production.

Additionally, Australia has also experienced significant growth in sorghum production, with estimates reaching 1.35 billion metric tons for 2020/21, a noteworthy increase from the previous year.

Competitive Landscape:

Key global players in the market include Agro products Manufacturers, Samruddhi Organic Farm (India) Private Limited, Fibro Foods, Moon Foods, Giva Agro, VAD Industries Pvt. Ltd, KIO Farm Private Limited, Kaadu Organics, Kinal Global Care Private Limited, and Nature Land Organics.

Millet and Sorghum Ancient Grains Market Segment Analysis:

The global Millet and Sorghum Ancient Grains Market is segmented by type, distribution channel, application, and region. The millet segment, known for its essential nutrients, gluten-free nature, and vitamin B content, commands a substantial market share.

By Type:

Millet

Foxtail Millet

Pearl Millet

Koda Millet

Barnyard Millet

Others

Sorghum

By Distribution Channel:

Company Stores

E-Commerce

Hypermarkets/Supermarkets

Specialty Stores

Others

By Application:

Bakery & Confectionary

Sports Nutrition

Infant Formula

Cereals

Animal Feed

Others

By Region:

North America

U.S.

Canada

Mexico

Europe

Germany

UK

France

Italy

Russia

Rest of Europe

South America

Brazil

Argentina

Rest of South America

Asia-Pacific

China

India

Japan

Australia

Rest of Asia-Pacific

Middle East and Africa

Related reports:

Sports Nutrition Ingredients Market

Millets Market

Millet Seeds Market

Sorghum Seeds Market

Finger Millet Market

Ancient Grains Market

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