Millet Market to Reach USD 56.7 Billion by 2035, Driven by Rising Demand for Nutritious Grains at 13.4% CAGR

A new industry report, "Millet Market Size and Share Forecast Outlook 2025 to 2035," reveals a dramatic expansion for the global millet market, with a projected value surge from USD 16.1 billion in 2025 to USD 56.7 billion by 2035. This remarkable growth, registering a robust Compound Annual Growth Rate (CAGR) of 13.4%, is driven by a powerful confluence of shifting consumer preferences, forward-thinking government policies, and a wave of new technologies from both established industry leaders and agile startups.

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The report paints a vivid picture of a market in transformation, moving millets from a regional staple to a global "Nutri-cereal" powerhouse. Consumers are increasingly seeking out gluten-free, nutrient-dense, and sustainable food options, and millets fit the bill perfectly. This is creating a fertile ground for businesses to innovate and expand.

"This report isn't just about numbers; it's a story of a global agricultural revival," says [Spokesperson Name], [Title] at [Company Name]. "We're witnessing a perfect storm of consumer demand for healthier, cleaner foods and a new generation of farming and processing technology. From established food giants to nimble startups, companies are recognizing the immense potential of millets to redefine the future of food."

Key Insights from the Report:

• A Market Poised for More Than 3X Growth: The market's value is forecast to more than triple over the next decade, with the overall valuation climbing from USD 16.1 billion to USD 56.7 billion.
• Pearl Millet Leads the Charge: Pearl millet, known for its high nutritional value and resilience, is set to dominate the product segment, holding a significant 40% market share by 2025.
• Breakfast Cereals as the New Frontier: Millet's versatility is most evident in the breakfast cereal category, which is projected to capture a 25% share of the end-use application segment in 2025. This growth is fueled by innovations in millet flakes, granola, and instant porridge blends that cater to modern, on-the-go lifestyles.
• Global Hotspots of Growth: While India's government-led initiatives are a key driver, developed markets are showing remarkable momentum. Japan is the fastest-growing market with a 12.8% CAGR, fueled by demand for functional foods for its aging population. The USA, Germany, the UK, and France are also projected to grow steadily, driven by a surge in demand for gluten-free and plant-based foods.

Established Players and New Innovators Embrace Millet Technology

The market's growth is a testament to the strategic investments being made across the board. Established food manufacturers like Britannia, Tata Soulfull, ITC, Nestlé, and Hindustan Unilever are not just adding millets to their product lines; they are forming new technologies and integrated supply chains to support this shift. For example, Nestlé India's launch of a+ Masala millet porridge demonstrates how legacy brands are using R&D to create nutritious, convenient, and culturally relevant millet-based products.

Simultaneously, a new class of manufacturers is emerging, focused on filling specific niches and pioneering new technologies. Companies like True Elements, Mayoora Foods, and Navan Foods LLC are expanding the millet product portfolio into dietary supplements, infant nutrition, and personal care. The report highlights that the focus is on overcoming traditional challenges such as limited shelf life and processing inefficiencies through innovative technologies in dehulling, milling, and packaging.

The success of these players is supported by government policies, particularly in India, which has designated millets as "Nutri-cereals" and is supporting farmers through schemes like the National Food Security Mission. This top-down support, combined with bottom-up innovation, is creating a sustainable ecosystem for the entire value chain.

The report also details the strategic importance of various millet types, with Finger Millet and Foxtail Millet following Pearl Millet in popularity. It further segments the market by end-use applications, including bakery & confectionery, protein bars, and animal nutrition, demonstrating the grain's immense versatility and market potential.

The findings confirm that the global millet market is at a pivotal moment. The convergence of favorable government policies, technological advancements, and a consumer desire for wholesome, sustainable nutrition is not only propelling the market toward a multi-billion dollar valuation but is also empowering both traditional farmers and modern manufacturers to build a more resilient and healthy food system for the future.

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About the Report

The "Millet Market Size and Share Forecast Outlook 2025 to 2035" report provides a comprehensive analysis of the global millet market. It delves into market dynamics, key trends, challenges, and opportunities, with an in-depth country-by-country analysis and profiles of key industry players. The report is an essential resource for companies looking to understand the market's trajectory and capitalize on the growing demand for millets.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.