Millets Market Continues Upward Trend with Increased Usage in Infant Nutrition and Beverages
The global Millets Market is experiencing steady growth, with its value projected to rise from US$ 14.22 billion in 2023 to US$ 23.83 billion by 2033, representing a 5.3% CAGR. As consumers increasingly seek healthier, sustainable food options, millets are gaining widespread recognition. These small-seeded grains have been dietary staples in Asia and Africa for centuries, prized for their resilience in challenging growing conditions and impressive nutritional benefits.
Why Millets Are Growing in Popularity:
Millets are more than just another grain—they are a nutritional powerhouse. These gluten-free grains are packed with fiber, vitamins, and essential minerals, making them a preferred choice for health-conscious consumers. The growing awareness of lifestyle diseases, food allergies, and digestive issues has led many people to explore alternative grains, and millets fit perfectly into this shift toward healthier eating habits.
Their ability to grow in arid conditions with minimal water and chemical inputs makes them an environmentally friendly choice as well. At a time when sustainability is a major concern, millets are seen as a climate-resilient crop that can support global food security.
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Pearl Millet: A Key Driver of Market Growth:
Among the different types of millets—finger millet, foxtail millet, proso millet, and pearl millet—pearl millet (Pennisetum glaucum) is witnessing the fastest-growing demand. This is due to its high nutritional content and ability to thrive in dry, drought-prone regions.
Pearl millet is an excellent source of iron, calcium, magnesium, and B vitamins, particularly niacin (B3). These nutrients play a crucial role in preventing micronutrient deficiencies, which are common in many developing regions. Additionally, its high fiber content supports digestion, while its low glycemic index makes it a suitable grain for diabetics and weight-conscious consumers.
As demand for gluten-free alternatives rises, food manufacturers are introducing pearl millet-based flours as a substitute for wheat. Organic and non-GMO millet flour is becoming particularly popular, catering to clean-label and health-conscious consumers.
Innovation in Millet-Based Products:
The surge in millet consumption has led to exciting product innovations. Many food brands are launching ready-to-eat millet-based snacks, appealing to modern consumers who prioritize convenience and health. Some of the trending millet-based products include:
- Millet chips and puffs: Healthy, crunchy snack alternatives that are gluten-free and rich in fiber.
- Millet bars: A nutritious option for on-the-go consumers looking for a high-energy snack.
- Millet pasta: A modern twist on traditional pasta, made from pearl millet flour to offer a healthier, whole-grain alternative.
One standout product is "Immunit Pearl Millet Pasta," which blends millet’s health benefits with a beloved food format. This innovation reflects the rising demand for functional foods that not only nourish but also support immunity and overall well-being.
Millets and the Clean-Label Trend:
Consumers today are more informed about ingredients and food sources than ever before. They actively seek minimally processed, organic, and clean-label foods, pushing companies to reformulate products with natural ingredients.
Millets fit perfectly into this trend. They require minimal processing, are often grown without excessive pesticides or fertilizers, and are naturally non-GMO. This makes them an attractive option for consumers looking for food that is both healthy and sustainable.
Regional Market Trends:
Asia Pacific dominates the global millets market, driven by high consumption in India, China, and Africa. India, in particular, is a major producer and consumer of millets, with government initiatives promoting millet farming and consumption.
In Western markets, particularly in North America and Europe, millets are gaining popularity among health-conscious consumers, vegetarians, and people with gluten intolerances. Their inclusion in organic and specialty food stores is expanding, with increasing demand for millet-based bread, cereals, and snacks.
Key Companies Driving the Millet Boom:
Leading food and agribusiness companies are investing in millet production and innovation to cater to this growing demand. Some of the key players in the global millets market include:
- Archer Daniels Midland Company
- Cargill Inc.
- Bayer Crop Science AG
- E.I. DuPont De Nemours and Company
- Glanbia Nutritionals Inc.
- Nestlé S.A.
These companies are not only increasing millet production but also introducing value-added products to appeal to different consumer segments.
Browse Full Report @ https://www.factmr.com/report/5179/chokeberry-extract-market Future Outlook of the Millets Market:
With increasing health awareness, sustainability concerns, and government support for millet farming, the market is expected to see steady growth over the next decade. More companies are recognizing the potential of millet-based innovations, and food startups are emerging with creative product offerings.
The rising focus on plant-based diets, clean eating, and gluten-free foods will continue to drive millet consumption. Additionally, the foodservice industry is showing growing interest in millet-based dishes, further accelerating market expansion.
The future of millets looks promising, with expanded production, product diversification, and consumer education efforts paving the way for continued market growth. As more people embrace millets as a nutritional and sustainable staple, the industry is set to flourish in the years ahead.
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