Once staples across vast swathes of Asia and Africa, millets were overshadowed by the Green Revolution's focus on wheat and rice. However, in an era marked by increasing health consciousness, climate change concerns, and the need for sustainable food systems, these humble "nutri-cereals" are making a powerful comeback. The declaration of 2023 as the International Year of Millets (IYM 2023) by the United Nations, spearheaded by India, served as a global catalyst, significantly boosting awareness and demand for these ancient grains.

This blog post will provide a comprehensive, global market-oriented analysis of the Millets Market, exploring its impressive growth, diverse applications, and the pivotal trends shaping its future. We'll delve into the nutritional and environmental advantages that are propelling millets back into the global spotlight.

Market Segmentation

By Product

• Organic
• Regular

By Application

• Infant Food
• Bakery Product
• Breakfast Foods
• Beverages
• Fodder

By Distribution Channel

• Supermarket and Hypermarkets
• Grocery Stores
• Online Stores

Market Size and Growth: Cultivating the Future of Food

The millets market was valued at US$ 9,407.8 million in 2018 and is expected to grow at a CAGR of 4.6% from 2019 to 2027 to reach US$ 14,026.3 million by 2027.

Key Market Trends: From Farm to Fork Innovation

1. Health & Wellness Megatrend: The primary driver is increasing consumer awareness of millets' health benefits, including their gluten-free nature, high fiber content, low glycemic index (beneficial for diabetics), and rich nutrient profile. This aligns with broader trends of preventive healthcare and a shift towards natural, wholesome foods.