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Base Year
Historical Year
Forecast Year
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% |
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.
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.
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.
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.
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.
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:
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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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*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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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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