The Growing Millet Based Snacks Market is driven by Increasing Demand for Nutritious Snacks
The millet based snacks market has witnessed significant growth in recent years owing to the increasing demand for healthy and nutritious snack options. Millet is considered a wonder grain and is high in nutrients, fiber, minerals and antioxidants. Millet based snacks such as millet chips, puffs, roasted snacks offer high protein, vitamins and minerals content which makes them a perfect snack choice for health conscious consumers. They make for an ideal gluten-free and allergen-free substitute for potato and wheat based snacks.
The global millet based snacks market is estimated to be valued at US$ 3.84 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.
Millet Based Snacks Market Growth can be attributed to rising awareness about the health benefits of millets and growing demand for gluten-free and plant-based snacks.
Key Takeaways
Millet Based Snacks Market Key Companies operating in the millet based snacks market are Kiru Millet, Orgtree , Mood foods, Shri Foods India, Millet Amma, Kaulige Foods, e-Millet, Tru Millet, Ratham Exports, Arvees India , NaNee's , Nutraahaar, and Shanti Food Chem Private Limited. These players are launching innovative products in different flavors and packaging formats to cater to evolving consumer tastes.
The demand for millet based snacks is increasing globally due to changing lifestyles and nutrition consciousness among consumers. Rising obesity and diabetes rates have encouraged people to shift to healthy snacks made from whole grains like millets. The gluten-free nature of millets is also driving their popularity in western markets.
The global millet based snacks market is extending its reach with companies undertaking initiatives for export promotions and overseas partnerships. The Asia Pacific region currently dominates the market and major players are eyeing opportunities in North America and European countries due to surging demand for plant-based foods and snacking options.
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