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Millet Flour Global Market Report 2024
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Millet flour, derived from millet grains, small-seeded gluten-free grains belonging to the grass family, serves as a popular alternative to wheat flour in baking and cooking, especially in regions where millets are dietary staples. Known for its slightly sweet and nutty flavor, millet flour is a nutrient-rich option abundant in fiber, protein, vitamins, and minerals.

The primary types of millet flour include sorghum millet flour, proso millet flour, pearl millet flour, foxtail millet flour, finger millet flour, browntop millet flour, barnyard millet flour, little millet flour, buckwheat millet flour, and others. Sorghum millet flour, for instance, is a gluten-free flour produced from ground sorghum grains. These flours, available in both organic and conventional varieties, find application across bakery and confectionery, sauces, dressings and condiments, snacks, baby food, dietary supplements, and other segments. They are distributed through various channels including direct and indirect sales.

The millet flour research report is one of a series of new reports from The Business Research Company that provides millet flour market statistics, including the millet flour industry's global market size, regional shares, competitors with a millet flour market share, detailed millet flour market segments, market trends and opportunities, and any further data you may need to thrive in the millet flour industry. This millet flour market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The millet flour market size has grown strongly in recent years. It will grow from $5.37 billion in 2023 to $5.83 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth observed during the historic period can be attributed to several factors, including heightened awareness of the health benefits associated with millet consumption, the widespread prevalence of gluten intolerance and celiac disease, governmental support and subsidies for millet cultivation in certain regions, the comparative affordability of millet in comparison to other grains, and the increasing demand for millet flour in traditional and ethnic cuisines.

The millet flour market size is expected to see strong growth in the next few years. It will grow to $8.15 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the forecast period can be attributed to several factors, including a heightened focus on health and wellness, the expansion of gluten-free product offerings by food manufacturers, innovations and diversification in product lines such as ready-to-eat millet snacks and millet-based beverages, the growing middle-class populations in developing countries, the development of enhanced distribution networks and the expansion of e-commerce platforms, and the ongoing emphasis on sustainable agriculture and eco-friendly practices. Major trends expected in the forecast period include the expansion of gluten-free product lines, the introduction of innovative millet-based products, the increasing demand from the middle class in developing countries, the enhancement of distribution channels, the growth of e-commerce platforms, and the continued emphasis on sustainable agriculture.

The rising demand for wholesome and nourishing food items is set to drive the expansion of the millet flour market in the foreseeable future. Wholesome and nourishing food items encompass a diverse range of whole foods abundant in vital nutrients, vitamins, and minerals, supporting overall health and well-being. This surge in demand reflects an increasing awareness and emphasis on personal health and wellness among consumers globally. Millet flour, prized for its gluten-free properties and nutrient-rich composition, is integral to the creation of varied and nutritious dietary choices. For instance, an online survey conducted by the International Food Information Council in May 2022 revealed that 52% of participants in the Food and Health Survey, which comprised 1,005 Americans aged 18 to 80, adhered to specific diets or eating patterns, a notable increase from 39% in 2021. The rise in dietary preferences has predominantly stemmed from consumers under the age of 50, with popular diets or eating patterns including clean eating, mindful eating, calorie counting, and plant-based eating. Therefore, the escalating demand for wholesome and nourishing food items will propel the millet flour market forward.

Key players in the millet flour market are embracing innovative millet flour bakery and patisserie mixes to cater to the growing need for gluten-free and nutritious baked goods, targeting health-conscious consumers worldwide. Millet flour enriches bakery and patisserie mixes by offering gluten-free alternatives with a nutrient-dense profile, addressing dietary preferences and the health-conscious consumer base. In August 2023, PURATOS INDIA, a bakery and confectionery manufacturer based in India, introduced millets-based products such as Easy Puravita Millet Bread Mix and Tegral Satin Millet Cake Mix. These product innovations promote health benefits by substituting jaggery for refined sugar and eliminating refined sugar and wheat flour (maida), thus meeting the increasing demand for vegan options in the food industry while remaining entirely plant-based.

In December 2021, Ardent Mills, a flour milling and ingredient company based in the US, acquired the assets of Firebird Artisan Mills for an undisclosed sum. This acquisition bolsters Ardent Mills' product portfolio by integrating gluten-free, nutritious products, enhancing the supply chain, and advancing food processing and safety measures. Firebird Artisan Mills is a US-based company specializing in gluten-free, specialty grain, and pulse milling.

Major companies operating in the millet flour market are ITC Limited, Hain Celestial Group, Ardent Mills LLC, Vitacost.com Inc., Bob's Red Mill Natural Foods Inc., King Arthur Baking Company, Azure Standard, Raja Foods LLC, Hodgson Mill, Doves Farm, Pristine Organics Pvt. Ltd., Conscious Food Pvt. Ltd., Jiwa, Desi Foods LLC, Great River Organic Milling Co., Just Organik, Manna Foods, Native Food Store Pvt. Ltd., Organic Tattva, Rani Foods Inc.

Asia-Pacific was the largest region in the millet flour market in 2023. The regions covered in the millet flour market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the millet flour market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The millet flour market consists of sales of plain millet flour, millet-based bakery products, millet snacks, and ready-to-eat millet meals. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Millet Flour Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on millet flour market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Where is the largest and fastest growing market for millet flour ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The millet flour market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Scope

Table of Contents

1. Executive Summary

2. Millet Flour Market Characteristics

3. Millet Flour Market Trends And Strategies

4. Millet Flour Market - Macro Economic Scenario

5. Global Millet Flour Market Size and Growth

6. Millet Flour Market Segmentation

7. Millet Flour Market Regional And Country Analysis

8. Asia-Pacific Millet Flour Market

9. China Millet Flour Market

10. India Millet Flour Market

11. Japan Millet Flour Market

12. Australia Millet Flour Market

13. Indonesia Millet Flour Market

14. South Korea Millet Flour Market

15. Western Europe Millet Flour Market

16. UK Millet Flour Market

17. Germany Millet Flour Market

18. France Millet Flour Market

19. Italy Millet Flour Market

20. Spain Millet Flour Market

21. Eastern Europe Millet Flour Market

22. Russia Millet Flour Market

23. North America Millet Flour Market

24. USA Millet Flour Market

25. Canada Millet Flour Market

26. South America Millet Flour Market

27. Brazil Millet Flour Market

28. Middle East Millet Flour Market

29. Africa Millet Flour Market

30. Millet Flour Market Competitive Landscape And Company Profiles

31. Millet Flour Market Other Major And Innovative Companies

32. Global Millet Flour Market Competitive Benchmarking

33. Global Millet Flour Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Millet Flour Market

35. Millet Flour Market Future Outlook and Potential Analysis

36. Appendix

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