North America Millets Market is expected at USD 4.19 Billion in 2024 to achieve USD 5.07 billion by 2029.The North America Millets Market is estimated to experience reasonable growth to record a CAGR of 3.92% throughout the estimated period (2024 to 2029).
Millet is a variety of small-seeded grasses that are widely grown throughout the world as grains for forage and human consumption. A large amount of millet produced has to be consumed and the rest is used to produce beer, baby food, and breakfast.
It is widely used to make breakfast products such as flakes and cereals. Millet beer is popular in African culture. The most widely cultivated millet is pearl millet. It is an important crop in India and parts of Africa. Millet is rich in protein, fiber, vitamins, and minerals
Rising urban populations, the trend towards healthy eating in North America, along the increasing unsustainability of rice and wheat production, are driving demand for products during the forecast period. Various diseases such as diabetes, obesity, and cardiovascular problems such as heart attacks, coronary heart disease have been caused by urban lifestyle choices and related eating habits, as millet is rich in protein and minerals, such as calcium, and can help to prevent these diseases.
Therefore, increased public awareness of the health benefits associated with consuming millet will stimulate the growth of the industry in the future. Many developing countries and federal governments are developing long-term policies to implement nutrition programs to address malnutrition. The promotion of government initiatives and the inclusion of millet in various food and beverage products will likely increase the size of your industry.
The gluten-free property is expected to provide lucrative opportunities for the production of gluten-free and low-GI food products. Millet, buckwheat, and quinoa are widely used in popular dishes such as waffles, pasta, pizza, and sandwiches. Shifting your outlook toward low-cholesterol and fat-free alternatives and increasing awareness of healthy eating can drive the demand for gluten-free foods.
Growing consumer preference for healthy bakery mixes is prompting producers to use natural, gluten-free ingredients. Gluten-free food products offer the same flavor and consistency, without high concentrations of saturated and trans-fats.
A growing trend to adopt healthy eating habits and switch to low calorie alternatives may increase the market share of millet. Millet products such as flours, flakes, cookies, etc. they are increasingly visible in the consumer market. The high protein content of these grains makes them ideal for vegetarian and vegan populations. Breakfast cereals like flakes and local recipes have seen an upward trend in popular adoption. Millet breakfast foods have generated income and are expected to make maximum gains due to increased consumption patterns of fibrous and gluten-free foods.
Millet has a limited shelf life and this factor is believed to be detrimental to the market. The high prices of the products compared to the cereals of general consumption constitute an obstacle to the penetration of the urban food market.
This research report on North America Millets Market is segmented and sub segmented into following categories:
North America Millets Market - By Product:
North America Millets Market - By Distribution Channel:
North America Millets Market - By Application:
The North America Millets Market can be segmented according to Type, Distribution Channel, and Application. Depending on the Product it can be divided into Foxtail Millet, Proso Millet, Finger Millet, Pearl Millet, and Others. The pearl millet segment currently represents the largest share of revenue among the product segments and is expected to maintain its dominance over the next five years.
On the basis of Distribution Channel for North America Millets Market, it can be divided into Supermarket, Trade Associations, Online Stores and Traditional Grocery Stores. Among the distribution channel segments, the Trade associations segment is expected to maintain a dominant position in terms of revenue share over others during the forecast period.
Depending on the Application it can be divided into Bakery Products, Infant Food, Steam Cooked Products, Porridges, Breads, Breakfast Food, Beverages, and Fodder.
North America Millets Market - By Region:
The market for North America Millets has been categorized on the basis of geography to offer a clear understanding of the market. North America Millets Market has been divided into the United States, Canada, Mexico, and the rest of North America. In 2018, the United States had the largest share of the millet market in North America, and the millet market in Mexico is expected to grow at a faster rate during the forecast period.
The United States is a developed market for millet due to increasing consumption of staples and increasing demand from the workforce due to busy lifestyles. In addition, product promotions through a new and improved form of packaging attract consumers to the market.
KEY MARKET PLAYERS:
Key market players of North America Millets Market are Roundstone Native Seed Company, Cargill, Inc., Brett-Young Seeds Limited, Ernst Conservation Seeds, Bayer Crop Science AG, E.I. DuPont De Nemours and Company, Wise Seed Company, Inc., and Archer Daniels Midland Company
RECENT HAPPENINGS IN THE MARKET:
Frequently Asked Questions
Some key drivers of the millets market in North America include:
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