The global millet flour market size is expected to expand from USD 5.1 billion in 2024 to USD 7.8 billion by 2034. With rising consumer preference for health and gluten-free diets, global sales of millet flour are set to grow at a CAGR of 5.3% during the forecast period.
Global Millet Flour Market Insights
Attributes | Key Insights |
---|---|
Estimated Global Millet Flour Market Value (2024E) | USD 5.1 billion |
Projected Global Millet Flour Industry Revenue (2034F) | USD 7.8 billion |
Value-based CAGR (2024 to 2034) | 5.3% |
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Global millet flour sales grew at a CAGR of 4.4% from 2019 to 2023. In the forecast period, the worldwide millet flour industry is expected to progress at a CAGR of 5.3%, totaling a valuation of USD 7.8 billion by 2034.
In the historic period, the global millet flour market growth was mainly driven by the application of millet flours in the traditional food products. Along with this, the high nutritional content of millet flour contributed to sales growth.
Demand for millet flour is expected to grow steadily over the assessment period. The key reasons behind this growth include consumers' growing interest in healthy and sustainable food choices, promotional activities from governmental organizations, and continuous research and development.
Millet flour consumption will also increase due to its growing popularity among the environmentally conscious consumer base. Similarly, the rising prevalence of gluten intolerance in customers will likely increase demand for gluten-free products and, consequently, millet flour.
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The table below highlights key countries’ millet flour market revenues. The United States, China, and the United Kingdom are expected to remain the top three consumers of millet flours, with projected valuations of USD 1,621.2 million, USD 635.6 million, and USD 407.3 million, respectively, in 2034.
Countries | Projected Millet Flour Market Revenue (2034) |
---|---|
United States | USD 1,621.2 million |
United Kingdom | USD 407.3 million |
China | USD 635.6 million |
India | USD 374.5 million |
Japan | USD 345.0 million |
The table below shows the predicted growth rates of the top nations. Japan, China, and India are anticipated to record high CAGRs of 6.4%, 5.2%, and 4.3%, respectively, through 2034.
Countries | Projected Millet Flour Market CAGR (2024 to 2034) |
---|---|
United States | 2.3% |
United Kingdom | 2.9% |
China | 5.2% |
India | 4.3% |
Japan | 6.4% |
As per the latest analysis, the United States millet flour market value is expected to reach USD 1,621.2 million in 2034. It is set to hold a significant global market share of 20.7% over the assessment period.
In the United States, millet flour demand is likely to increase at a 2.3% CAGR over the forecast period. This can be attributed to the increasing demand for high nutritional, gluten-free food products across the country.
Consumers in the USA have a lot of health issues due to unhealthy eating habits. With growing concerns about eating patterns, consumers in the nation are shifting toward foodstuffs that are highly nutritious and gluten-free. This is expected to help boost millet flour demand until 2034.
As millet flours are naturally gluten-free and dense in nutrients with high content of vitamins, minerals, fibres, and proteins, they are perfect for consumers seeking nutrient-dense, health-friendly options. Several United States-based bakery and confectionery manufacturers are replacing conventional flours with millet-based flours. This will probably play a key role in improving the United States millet flour market share through 2034.
The United Kingdom millet flour market is anticipated to grow with a CAGR of 2.9% during the forecast period. The market is projected to reach USD 407.3 million by 2034, led by an increasing vegan population.
Since many consumers in the United Kingdom are following plant-based diets, the demand for millet flour is likely to significantly increase. Further, millet is an essential ingredient in plant-based food products, which is why plant-based food manufacturers are increasingly using plant-based ingredients such as millet flour.
As per the latest report, India millet flour market is poised to grow with a significant CAGR of 4.3% over the assessment period, reaching USD 374.5 million by 2034. This is attributable to rising health awareness, increasing millet flour production, and favorable government support.
The central government of India implemented the Production Linked Incentive (PLI) Scheme to promote domestic manufacturing of products like millet. This is creating a conducive environment for the growth of the millet flour industry in the nation. "Big food companies have started to enter this area, and more will do so now that PLI is in place. The market is expected to expand, albeit gradually.
Several analysts and food experts believe that millet-based foods will become a significant market because India is the world's center for diabetes. This will likely create growth opportunities for millet flour manufacturers, suppliers, and distributors through 2034. Increasing awareness regarding the potential health benefits of millet flour is also boosting product sales.
Below is the table providing critical insights that illustrate the share or CAGR of the key segments in the global millet flour industry. The information is expected to help companies maximize profits through investments in popular products and preferred distribution channels.
Top Segment (Nature) | Organic |
---|---|
Predicted CAGR (2024 to 2034) | 6.0% |
By nature, the conventional millet flour segment is likely to dominate the millet flour market with a considerable share of 89.7% in 2024. On the other hand, organic millet flour demand is likely to grow at a higher rate with a CAGR of 6% during the period of assessment due to surging demand for organic foodstuffs.
Due to the emerging health consciousness, consumers across the globe are rapidly shifting toward organic and sustainable foodstuffs, thereby putting organic millet flour in the spotlight. Another key driver for organic millet flour is the increasing awareness about the adverse impact of conventional agriculture practices on the environment.
Top Segment (Application) | Bakery and Confectionary |
---|---|
Predicted CAGR (2024 to 2034) | 4.0% |
The recent millet flour industry analysis reports that in the bakery and confectionery segment, the consumption of millet flour remains still high. The same segment will likely total USD 2,036.6 million in 2024, holding a market share of 39.8%. Further, demand for millet flours in the bakery and confectionery segment is set to grow at 4.0% CAGR through 2034.
Leading millet flour manufacturers are continuously innovating to introduce new type of millet flours with eco-friendly packaging. Companies are also expanding their product portfolios beyond basic flour, by offering mixes for cookies, pancakes, and other popular food items.
Several players are getting involved in activities like mergers, partnerships, and acquisitions to increase their regional presence. For instance, they are forming partnerships with restaurants and food service chains to provide constant millet flour supply.
Companies also use advertisements and celebrity endorsements to woo more and more customers. They are highlighting the nutritional value of millet flours, including their high fiber contents and gluten-free nature, through marketing and branding tools.
Recent Developments in the Millet Flour Market
Attribute | Details |
---|---|
Market Size Value in 2024 | USD 5.1 billion |
Market Forecast Value in 2034 | USD 7.8 billion |
Anticipated Growth Rate (2024 to 2034) | 5.3% CAGR |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Volume (MT) and Value (USD billion) |
Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
Key Countries Covered | Canada, United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, United Kingdom, Netherlands, Belgium, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
Key Market Segments Covered | Nature, Application, Distribution Channel, and Region |
Key Companies Profiled | Bob’s Red Mill Natural Foods; Arrowhead Mills; Azure Standard; Great River Organic Milling; Pristine Organics; OOO Farms; Authentic Foods; RiceBran Technologies; Bayer AG; Grain Millers; ARDENT MILLS |
The global millet flour market size is estimated to reach USD 5.1 billion in 2024.
The global millet flour market value is projected to reach USD 7.8 billion by 2034.
Global millet flour demand is set to increase at a CAGR of 5.3% through 2034.
Europe is expected to hold a dominant market share of 29.8% by 2034.
The global millet flour industry registered a CAGR of 4.4% from 2019 to 2023.
Millet flours are popular in regions like Asia and Africa.
Africa is the leading consumer of millet.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market- Pricing Analysis 5. Value Chain Analysis 6. Global Market Size in Value (USD billion) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature 7.1. Organic 7.2. Conventional 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 8.1. Bakery and Confectionary 8.2. Sauces, Dressings, and Condiments 8.3. Snacks 8.4. Baby Food 8.5. Dietary Supplement 8.6. Others 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel 9.1. Direct 9.2. Indirect 9.2.1. Hypermarkets/Supermarkets 9.2.2. Convenience Stores 9.2.3. Mom and Pop Stores 9.2.4. Discount Stores 9.2.5. Food & Drink Specialty Stores 9.2.6. Independent Small Groceries 9.2.7. Online Retail 9.2.8. Other Retail Formats 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18. Country-level Market Analysis, 2024 19. Market Structure Analysis 20. Competition Analysis 20.1. Bob’s Red Mill Natural Foods 20.2. Arrowhead Mills 20.3. Azure Standard 20.4. Great River Organic Milling 20.5. Pristine Organics 20.6. OOO Farms 20.7. Authentic Foods 20.8. RiceBran Technologies 20.9. Bayer AG 20.10. Grain Millers 20.11. ARDENT MILLS 20.12. Other Players (On Additional Requests) 21. Assumption & Acronyms 22. Research Methodology
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