Millet Market Size worth USD 2120 Billion by 2031 KR

According to recent report published by Kings Research Global Millet Market is a predicted value of USD 21.20 Billion by 2031 and a compound annual growth rate (CAGR) of 5.52% from 2024 to 2031, millet market was estimated to be worth USD 13.84 billion in 2023.

The market is expanding rapidly due to factors such as the growing number of people with diabetes, the growing demand for gluten-free grains, and shifting weather patterns. Millets are a sustainable crop because of their low water requirements and resistance to climate change.

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Millets are a group of highly variable small-seeded grasses, widely grown around the world as cereal crops or grains for fodder and human food. They are known for their high nutritional value, being rich in proteins, fibers, vitamins, and minerals. The key types of millets include pearl millet, finger millet, proso millet, and foxtail millet, each catering to diverse culinary applications and consumer preferences.