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 US$ 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
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
3. Market Background
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market trends By Region
3.5. Forecast Factors - Relevance & Impact
3.6. Regulations and Policies
3.7. Consumer Survey Analysis
4. Global Market- Pricing Analysis
4.1. Price Point Assessment by Region
4.1.1. Manufacturer Level Pricing
4.1.2. Distributor Level Pricing
4.1.3. Retail Level Pricing
4.2. Price Point Assessment By Nature
4.3. Price Forecast till 2034
5. Value Chain Analysis
5.1. Operating margins at each node of supply chain
5.2. List of Active Market Participants
6. Global Market Size in Value (US$ billion) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034
6.1. Historical Market Size in Value (US$ billion) and Volume(MT) Analysis, 2019 to 2023
6.2. Current and Future Market Size in Value (US$ billion) and Volume(MT) Analysis, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature
7.1. Introduction / Key Findings
7.2. Historical Market Size in Value (US$ billion) and Volume(MT) Analysis By Nature, 2019 to 2023
7.3. Current and Future Market Size in Value (US$ billion) and Volume(MT) Analysis and Forecast By Nature, 2024 to 2034
7.3.1. Organic
7.3.2. Conventional
7.4. Market Attractiveness Analysis By Nature
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, Application
8.1. Introduction / Key Findings
8.2. Historical Market Size in Value (US$ billion) and Volume(MT) Analysis Application, 2019 to 2023
8.3. Current and Future Market Size in Value (US$ billion) and Volume(MT) Analysis and Forecast Application, 2024 to 2034
8.3.1. Bakery and Confectionary
8.3.2. Sauces, Dressings, and Condiments
8.3.3. Snacks
8.3.4. Baby Food
8.3.5. Dietary Supplement
8.3.6. Others
8.4. Market Attractiveness Analysis Application
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, Distribution Channel
9.1. Introduction / Key Findings
9.2. Historical Market Size in Value (US$ billion) and Volume(MT) Analysis Distribution Channel, 2019 to 2023
9.3. Current and Future Market Size in Value (US$ billion) and Volume(MT) Analysis and Forecast By End Use, 2024 to 2034
9.3.1. Direct
9.3.2. Indirect
9.3.2.1. Hypermarkets/Supermarkets
9.3.2.2. Convenience Stores
9.3.2.3. Mom and Pop Stores
9.3.2.4. Discount Stores
9.3.2.5. Food & Drink Specialty Stores
9.3.2.6. Independent Small Groceries
9.3.2.7. Online Retail
9.3.2.8. Other Retail Formats
9.3.3. Market Attractiveness Analysis By End Use
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
10.1. Introduction
10.2. Historical Market Size in Value (US$ billion) and Volume(MT) Analysis By Region, 2019 to 2023
10.3. Current Market Size in Value (US$ billion) and Volume(MT) Analysis and Forecast By Region, 2024 to 2034
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. East Asia
10.3.5. South Asia
10.3.6. Oceania
10.3.7. Middle East & Africa
10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
11.1. Introduction
11.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
11.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
11.3.1. By Country
11.3.1.1. United States
11.3.1.2. Canada
11.3.2. By Nature
11.3.3. Application
11.3.4. Distribution Channel
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Nature
11.4.3. Application
11.4.4. Distribution Channel
11.5. Key takeaways
12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
12.1. Introduction
12.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
12.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
12.3.1. By Country
12.3.1.1. Brazil
12.3.1.2. Mexico
12.3.1.3. Argentina
12.3.1.4. Rest of Latin America
12.3.2. By Nature
12.3.3. Application
12.3.4. Distribution Channel
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Nature
12.4.3. Application
12.4.4. Distribution Channel
12.5. Key takeaways
13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
13.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
13.3.1. By Country
13.3.1.1. Germany
13.3.1.2. United Kingdom
13.3.1.3. France
13.3.1.4. Italy
13.3.1.5. Spain
13.3.1.6. BENELUX
13.3.1.7. Nordic
13.3.1.8. Russia
13.3.1.9. Poland
13.3.1.10. Rest of Europe
13.3.2. By Nature
13.3.3. Application
13.3.4. Distribution Channel
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Nature
13.4.3. Application
13.4.4. Distribution Channel
13.5. Key takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
14.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
14.3.1. By Country
14.3.1.1. China
14.3.1.2. Japan
14.3.1.3. South Korea
14.3.2. By Nature
14.3.3. Application
14.3.4. Distribution Channel
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Nature
14.4.3. Application
14.4.4. Distribution Channel
14.5. Key takeaways
15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
15.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
15.3.1. By Country
15.3.1.1. India
15.3.1.2. Thailand
15.3.1.3. Malaysia
15.3.1.4. Indonesia
15.3.1.5. Vietnam
15.3.1.6. Philippines
15.3.1.7. Singapore
15.3.1.8. Rest of South Asia
15.3.2. By Nature
15.3.3. Application
15.3.4. Distribution Channel
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Nature
15.4.3. Application
15.4.4. Distribution Channel
15.5. Key takeaways
16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
16.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
16.3.1. By Country
16.3.1.1. Australia
16.3.1.2. New Zealand
16.3.2. By Nature
16.3.3. Application
16.3.4. Distribution Channel
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Nature
16.4.3. Application
16.4.4. Distribution Channel
16.5. Key takeaways
17. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Historical Market Size (US$ billion) and Volume(MT) Trend Analysis By Market Taxonomy, 2019 to 2023
17.3. Market Size (US$ billion) and Volume(MT) Forecast By Market Taxonomy, 2024 to 2034
17.3.1. By Country
17.3.1.1. GCC Countries
17.3.1.2. Turkiye
17.3.1.3. Egypt
17.3.1.4. South Africa
17.3.1.5. Rest of Middle East & Africa
17.3.2. By Nature
17.3.3. Application
17.3.4. Distribution Channel
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Nature
17.4.3. Application
17.4.4. Distribution Channel
17.5. Key takeaways
18. Country-level Market Analysis, 2024
18.1. United States Market Analysis
18.1.1. By Nature
18.1.2. By Application
18.1.3. By Distribution Channel
18.2. Canada Market Analysis
18.2.1. By Nature
18.2.2. By Application
18.2.3. By Distribution Channel
18.3. Brazil Market Analysis
18.3.1. By Nature
18.3.2. By Application
18.3.3. By Distribution Channel
18.4. Mexico Market Analysis
18.4.1. By Nature
18.4.2. By Application
18.4.3. By Distribution Channel
18.5. Argentina Market Analysis
18.5.1. By Nature
18.5.2. By Application
18.5.3. By Distribution Channel
18.6. Germany Market Analysis
18.6.1. By Nature
18.6.2. By Application
18.6.3. By Distribution Channel
18.7. United Kingdom Market Analysis
18.7.1. By Nature
18.7.2. By Application
18.7.3. By Distribution Channel
18.8. France Market Analysis
18.8.1. By Nature
18.8.2. By Application
18.8.3. By Distribution Channel
18.9. Italy Market Analysis
18.9.1. By Nature
18.9.2. By Application
18.9.3. By Distribution Channel
18.10. Spain Market Analysis
18.10.1. By Nature
18.10.2. By Application
18.10.3. By Distribution Channel
18.11. BENELUX Market Analysis
18.11.1. By Nature
18.11.2. By Application
18.11.3. By Distribution Channel
18.12. Nordic Market Analysis
18.12.1. By Nature
18.12.2. By Application
18.12.3. By Distribution Channel
18.13. Russia Region Market Analysis
18.13.1. By Nature
18.13.2. By Application
18.13.3. By Distribution Channel
18.14. Poland Market Analysis
18.14.1. By Nature
18.14.2. By Application
18.14.3. By Distribution Channel
18.15. China Market Analysis
18.15.1. By Nature
18.15.2. By Application
18.15.3. By Distribution Channel
18.16. Japan Market Analysis
18.16.1. By Nature
18.16.2. By Application
18.16.3. By Distribution Channel
18.16.4. Distribution Channel
18.17. South Korea Market Analysis
18.17.1. By Nature
18.17.2. By Application
18.17.3. By Distribution Channel
18.18. India Market Analysis
18.18.1. By Nature
18.18.2. By Application
18.18.3. By Distribution Channel
18.19. Thailand Market Analysis
18.19.1. By Nature
18.19.2. By Application
18.19.3. By Distribution Channel
18.20. Malaysia Market Analysis
18.20.1. By Nature
18.20.2. By Application
18.20.3. By Distribution Channel
18.21. Indonesia Market Analysis
18.21.1. By Nature
18.21.2. By Application
18.21.3. By Distribution Channel
18.22. Vietnam Market Analysis
18.22.1. By Nature
18.22.2. By Application
18.22.3. By Distribution Channel
18.23. Philippines Market Analysis
18.23.1. By Nature
18.23.2. By Application
18.23.3. By Distribution Channel
18.24. Singapore Market Analysis
18.24.1. By Nature
18.24.2. By Application
18.24.3. By Distribution Channel
18.25. Australia Market Analysis
18.25.1. By Nature
18.25.2. By Application
18.25.3. By Distribution Channel
18.26. New Zealand Market Analysis
18.26.1. By Nature
18.26.2. By Application
18.26.3. By Distribution Channel
18.27. GCC Countries Market Analysis
18.27.1. By Nature
18.27.2. By Application
18.27.3. By Distribution Channel
18.28. Turkiye Market Analysis
18.28.1. By Nature
18.28.2. By Application
18.28.3. By Distribution Channel
18.29. Egypt Market Analysis
18.29.1. By Nature
18.29.2. By Application
18.29.3. By Distribution Channel
18.30. South Africa Market Analysis
18.30.1. By Nature
18.30.2. By Application
18.30.3. By Distribution Channel
19. Market Structure Analysis
19.1. Global Market Competition - a Dashboard View
19.2. Industry Structure Analysis
19.2.1. % tier 1 market players
19.2.2. % tier 2 market players
19.2.3. % tier 3 market players
19.3. Global Market Company Share Analysis
19.3.1. For Tier 1 Market Players, 2024
19.3.2. Company Market Share Analysis of Top Players, By Region
19.4. Key Participants Market Presence (Intensity Mapping) by Region
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. Bob’s Red Mill Natural Foods
20.3.1.1. Product Portfolio
20.3.1.2. Product Claim
20.3.1.3. Revenue by Market Segments (Nature/Application/Distribution Channel/Region)
20.3.1.4. Sales Footprint
20.3.1.5. Strategy Overview
20.3.1.5.1. Marketing Strategy
20.3.1.5.2. Product Strategy
20.3.1.5.3. Channel Strategy
20.3.1.6. SWOT Analysis
20.3.2. Arrowhead Mills
20.3.3. Azure Standard
20.3.4. Great River Organic Milling
20.3.5. Pristine Organics
20.3.6. OOO Farms
20.3.7. Authentic Foods
20.3.8. RiceBran Technologies
20.3.9. Bayer AG
20.3.10. Grain Millers
20.3.11. ARDENT MILLS
20.3.12. Other Players (On Additional Requests)
21. Assumption & Acronyms
22. Research Methodology
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Millet Flour Market
