According to a new report, published by KBV research, The Global Millet Seeds Market size is expected to reach $16.9 billion by 2031, rising at a market growth of 6.0% CAGR during the forecast period. In the year 2023, the market attained a volume of 715,469.59 tonnes, experiencing a growth of 13.2% (2020-2023).
The Organic segment is anticipating a CAGR of 8.5% during (2024 - 2031). Organic millet seeds are often perceived to have higher nutritional quality than conventional counterparts. Studies suggest organic farming methods may enhance nutrient content, such as antioxidants and essential minerals, which appeals to health-conscious consumers seeking nutrient-dense foods. The growing availability of organic millet seeds in supermarkets, health food stores, and online platforms has expanded consumer access. Increased retail presence and marketing efforts have raised awareness and visibility, stimulating consumer interest and adoption.
The Specialty Stores segment is leading the Global Millet Seeds Market by Sales Channel in 2023; thereby, achieving a market value of $8.3 billion by 2031. Specialty stores offer niche products like millet seeds, providing in-depth knowledge and expertise. Staff in these stores are often trained to understand millet seeds' nutritional benefits, culinary uses, and health aspects, which enhances customer satisfaction and confidence in product selection.
The Finger Millet segment is registering a CAGR of 5.1% during (2024 - 2031). Finger millet, also known as ragi or African millet, is highly nutritious and rich in calcium, iron, fiber, and essential amino acids. It offers significant health benefits, particularly bone health, digestion, and blood sugar management. This nutritional profile has contributed to its rising popularity among health-conscious consumers. Finger millet is versatile in culinary applications. It can be ground into flour for making traditional flatbreads, porridge, baked goods, and even fermented beverages.
Full Report: https://www.kbvresearch.com/millet-seeds-market/
The Asia Pacific region dominated the Global Millet Seeds Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7.8 billion by 2031. The North America region is experiencing a CAGR of 5.2% during (2024 - 2031). Additionally, The Europe region would showcase a CAGR of 5.5% during (2024 - 2031).
By Nature (Volume, Tonnes, USD Billion, 2020-2031)
By Sales Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Type (Volume, Tonnes, USD Billion, 2020-2031)
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