The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Recent Market Growth

• Market Expansion: The millet flour market has experienced robust growth, increasing from $5.37 billion in 2023 to $5.83 billion in 2024, with a compound annual growth rate (CAGR) of 8.6%.
• Growth Drivers:
  • Increased awareness of health benefits.
  • High prevalence of gluten intolerance and celiac disease.
  • Government support and subsidies for millet cultivation.
  • Relative affordability of millet compared to other grains.
  • Demand for millet flour in traditional and ethnic cuisines.

Future Market Prospects

• Projected Growth: The market is expected to continue its strong growth, reaching $8.15 billion by 2028, at a CAGR of 8.8%.
• Key Growth Factors:
  • Increasing focus on health and wellness.
  • Expanding gluten-free product lines by food manufacturers.
  • New product innovations and diversification, such as ready-to-eat millet snacks and millet-based beverages.
  • Growing middle-class populations in developing countries.
  • Enhanced distribution networks and the growth of e-commerce platforms.
  • Continued emphasis on sustainable agriculture and eco-friendly practices.

Major Market Trends

• Expanding Gluten-Free Product Lines: Food manufacturers are increasing their offerings of gluten-free products to cater to health-conscious consumers.
• Innovative Millet-Based Products: New products such as millet snacks and beverages are diversifying the market.
• Rising Middle-Class Demand: Middle-class populations in developing countries are increasingly demanding nutritious food options.
• Enhanced Distribution Channels: Improved distribution networks and the growth of e-commerce platforms are making millet flour more accessible.
• Emphasis on Sustainable Agriculture: There is a growing focus on sustainable agriculture and eco-friendly practices in millet cultivation.

Read The Full Millet Flour Market Report Here:

https://www.thebusinessresearchcompany.com/report/millet-flour-global-market-report

Rising Demand for Healthy and Nutritious Food Products

• Health Consciousness: The increasing demand for healthy and nutritious food products is driving the growth of the millet flour market.
• Diet Trends: A growing number of consumers are following specific diets or eating patterns, such as clean eating, mindful eating, calorie counting, and plant-based eating.
• Survey Insight: According to a May 2022 survey by the International Food Information Council, 52% of participants followed a specific diet, up from 39% in 2021. This trend is particularly strong among consumers under 50.
• Nutrient-Rich Millet Flour: Millet flour’s gluten-free properties and nutrient-rich profile make it a popular choice for health-conscious consumers.

Leading Companies in the Market

• Key Players:
  • 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.
  • Organic Tattva
  • Rani Foods Inc.

Revolutionizing the Bakery Industry with Millet Flour Innovations

• Product Innovations: Major companies are developing innovative millet flour bakery and patisserie mixes to meet the rising demand for gluten-free and nutritious baked goods.
• Example: In August 2023, PURATOS INDIA launched millets-based products like Easy Puravita Millet Bread Mix and Tegral Satin Millet Cake Mix, promoting health benefits by substituting jaggery for refined sugar and eliminating refined wheat flour.
• Vegan and Plant-Based: These innovations cater to the increasing demand for vegan and plant-based options in the food industry.

Ardent Mills Acquires Firebird Artisan Mills

• Strategic Acquisition: In December 2021, Ardent Mills acquired the assets of Firebird Artisan Mills to enhance its gluten-free product offerings.
• Acquisition Benefits: This move creates synergy in Ardent Mills’ product offerings, enhancing the supply chain, and improving food processing and safety.
• Firebird Artisan Mills: A US-based company specializing in gluten-free, specialty grain, and pulse milling.

Market Segmentation

• By Type:
  • 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
  • Other Types
• By Nature:
  • Organic
  • Conventional
• By Application:
  • Bakery and Confectionary
  • Sauces, Dressings, and Condiments
  • Snacks
  • Baby Food
  • Dietary Supplement
  • Other Applications
• By Distribution Channel:
  • Direct Sales
  • Indirect Sales

Regional Insights

• Largest Region: Asia-Pacific was the largest region in the millet flour market in 2023, driven by its large population and growing demand for nutritious food products.

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The Millet Flour Global Market Report 2024  provides an overview of the millet flour market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The millet flour market forecast analyzes millet flour market size, millet flour market share, leading competitor and their market positions.

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