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Global Millet Seeds Market Size, Share, Trends, Forecast: By Type: Pearl Millet, Finger Millet, Proso Millet, Foxtail Millet, Others; By Nature: Conventional, Organic; By Distribution Channel: Supermarkets and Hypermarkets, Grocery Stores, Online Stores, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2023-2028
Global Millet Seeds Market Outlook
The global millet seeds market size reached approximately USD 11.50 billion in 2022. The market is projected to grow at a CAGR of 6.9% between 2023 and 2028, reaching a value of around USD 16.83 billion by 2028.
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
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.
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
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Nature |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Millet Seeds Market Analysis
8.1 Key Industry Highlights
8.2 Global Millet Seeds Historical Market (2018-2022)
8.3 Global Millet Seeds Market Forecast (2023-2028)
8.4 Global Millet Seeds Market by Type
8.4.1 Pearl Millet
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Finger Millet
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Proso Millet
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Foxtail Millet
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Millet Seeds Market by Nature
8.5.1 Conventional
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Organic
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Millet Seeds Market by Distribution Channel
8.6.1 Supermarkets and Hypermarkets
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Grocery Stores
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Online Stores
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Millet Seeds Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Millet Seeds Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Millet Seeds Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Millet Seeds Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Millet Seeds Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Millet Seeds Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 100821)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Bayer AG
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Corteva Agriscience
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Hancock Seed & Company
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Allied Seed, L.L.C.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Mamta Hygiene Products Pvt Ltd
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Eastern Colorado Seeds, LLC
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Seedway, LLC
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Roundstone Native Seed Company
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Crystal Crop Protection Ltd.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Millet Seeds Market: Key Industry Highlights, 2018 and 2028
2. Global Millet Seeds Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Millet Seeds Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Millet Seeds Historical Market: Breakup by Nature (USD Billion), 2018-2022
5. Global Millet Seeds Market Forecast: Breakup by Nature (USD Billion), 2023-2028
6. Global Millet Seeds Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
7. Global Millet Seeds Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
8. Global Millet Seeds Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Millet Seeds Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Millet Seeds Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Millet Seeds Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Millet Seeds Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Millet Seeds Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Millet Seeds Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Millet Seeds Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Millet Seeds Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Millet Seeds Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Millet Seeds Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Millet Seeds Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. Global Millet Seeds Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 11.50 billion.
The market is projected to grow at a CAGR of 6.9% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach a value of around USD 16.83 billion by 2028.
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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