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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Millet Seeds Market Outlook

The global millet seeds market size reached approximately USD 12.29 billion in 2023. The market is projected to grow at a CAGR of 6.6% between 2024 and 2032, reaching a value of around USD 21.98 billion by 2032.

Global Millet Seeds Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 12.29
Market Size 2032 USD Billion 21.98
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 6.6%
CAGR 2024-2032 - Market by Region Asia Pacific 7.2%
CAGR 2024-2032 - Market by Country China 6.9%
CAGR 2024-2032 - Market by Country Mexico 6.7%
CAGR 2024-2032 - Market by Nature Organic 7.8%
CAGR 2024-2032 - Market by Distribution Channel Online Stores 11.4%
Market Share by Country 2023 Online Stores 5.4%

Key Trends in the Market

Millet is a type of grain that is widely grown around the world for its small edible seeds. It is a key food staple in developing countries around the world and is often used as fodder in many regions. These grains are known to be hard and small, allowing them to survive even in harsh environments. Millets are rich in fibre and various nutrients such as vitamins, minerals, proteins, etc.

  • The increasing millet farming in the South and Southeast Asia region amid irregularity and uncertainty related to rice and wheat production is a major factor strengthening the global millet seeds market growth. Rice and wheat cultivation necessitates labour, ample water resources, capital investment, and energy. The decrease in the production of these crops due to resource limitations has led producers to supplement food supplies with millet.
  • One of the key global millet seeds market trends is the rapidly growing e-commerce sector. The surge in smartphone adoption has led to a proliferation of eCommerce platforms. This expansion of online marketplaces has enticed various sectors, including food and grain, to embrace the digital realm for showcasing their products.
  • Another significant factor enhancing the global millet seeds market demand is the growing recognition of millet as a superfood that is abundant in essential vitamins, minerals, and dietary fibre. Governments around the world are also promoting the production and consumption of millet as a nutritious dietary choice, contributing to its growing popularity.

Market Analysis

CAGR 2024-2032 - Market by Nature
Organic 7.8%
Conventional XX%

Based on type, the market is segmented into pearl millet, finger millet, proso millet, and foxtail millet, among others. The global millet seeds market segmentation, based on nature, includes conventional and organic. The market division, based on distribution channels, includes supermarkets and hypermarkets, grocery stores, and online stores, among others. The major regional markets for millet seeds are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

CAGR 2024-2032 - Market by Distribution Channel
Online Stores 11.4%
Grocery Stores 6.2%
Supermarkets and Hypermarkets XX%
Others XX%
2023 Market Share by Distribution Channel
Online Stores 5.4%
Supermarkets and Hypermarkets XX%
Grocery Stores XX%
Others XX%

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global millet seeds market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

  • Bayer AG 
  • Corteva Agriscience
  • Hancock Seed & Company 
  • Allied Seed, L.L.C. 
  • Mamta Hygiene Products Pvt Ltd 
  • Eastern Colorado Seeds, LLC 
  • Seedway, LLC 
  • Roundstone Native Seed Company 
  • Crystal Crop Protection Ltd. 
  • Others

Market Share by Type

Pearl millet, attributed to both its extensive consumption and impressive production rates, is expected to have a high global millet seeds market share in the forecast period. Pearl millet takes the spotlight in India's millet production, solidifying the country's unparalleled leadership in global millet farming. It also plays a crucial role in both agriculture and nutrition worldwide.

Market Share by Region

CAGR 2024-2032 - Market by Region
Asia Pacific 7.2%
Latin America 6.9%
Europe 6.1%
North America XX%
Middle East and Africa XX%
CAGR 2024-2032 - Market by Country
China 6.9%
Mexico 6.7%
Germany 5.9%
France 5.6%
Italy 5.0%
USA XX%
Canada XX%
UK XX%
Japan XX%
India XX%
Australia 4.9%
Saudi Arabia XX%
Brazil XX%

According to the global millet seeds market analysis, the Asia Pacific is likely to be one of the producers of millet, closely followed by African nations. Within the Asia Pacific, India shines as the top contributor in both production and consumption of millets, boasting the highest production globally. In various African countries, millet production has thrived for an extended period. The arid climate in these regions provides an ideal setting for the flourishing cultivation of millets.

Competitive Landscape

Bayer AG is one of the largest global pharmaceutical and life sciences companies, headquartered in Leverkusen, Germany. Founded in 1863, it is one of the world's largest pharmaceutical and agrochemical companies, with a diversified portfolio of products and services in the fields of healthcare, agriculture, and consumer health. The company also plays a major role in crop science, offering a wide range of products for farmers to improve crop yields, manage pests, and enhance sustainability in agriculture.

Corteva Agriscience is an international agricultural leader, dedicated to crafting tailored solutions for farmers and the broader agricultural community. Headquartered in Delaware, USA, Corteva's influence extends across over 140 nations globally. At its core, the company thrives on a steadfast commitment to pioneering agricultural innovation and championing sustainable farming methods.

Hancock Seed & Company is an American seed company with a particular focus on offering a comprehensive selection of seeds tailored to various needs in agriculture, gardening, and landscaping. With its foundation dating back to 1978, the company operates from its headquarters in Florida. Over the years, Hancock Seed & Company has earned a reputation as a reliable and go-to provider of top-notch seeds and associated products.

Other global millet seeds market players include Allied Seed, L.L.C., Mamta Hygiene Products Pvt Ltd, Eastern Colorado Seeds, LLC, Seedway, LLC, Roundstone Native Seed Company, and Crystal Crop Protection Ltd., among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Nature
  • Distribution Channel
  • Region
Breakup by Type
  • Pearl Millet
  • Finger Millet
  • Proso Millet
  • Foxtail Millet
  • Others
Breakup by Nature
  • Conventional
  • Organic
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Grocery Stores
  • Online Stores
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Bayer AG 
  • Corteva Agriscience
  • Hancock Seed & Company 
  • Allied Seed, L.L.C. 
  • Mamta Hygiene Products Pvt Ltd 
  • Eastern Colorado Seeds, LLC 
  • Seedway, LLC 
  • Roundstone Native Seed Company 
  • Crystal Crop Protection Ltd. 
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 12.29 billion.

The market is projected to grow at a CAGR of 6.6% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 21.98 billion by 2032.

The rapidly growing market in the Asia Pacific and Africa and the rising millet farming due to reduced rice and wheat production in emerging nations have significantly aided the market expansion.

The market is driven by the expanding e-commerce sector and increasing demand for nutritional and organic foods.

The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The different natures of millet seeds are conventional and organic.

The key players in the market are Bayer AG, Corteva Agriscience, Hancock Seed & Company, Allied Seed, L.L.C., Mamta Hygiene Products Pvt Ltd, Eastern Colorado Seeds, LLC, Seedway, LLC, Roundstone Native Seed Company, and     Crystal Crop Protection Ltd., among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124