Global Millet Seeds Market to Surpass $551,469.7 Million by 2028, Owing to Increasing Adoption of Gluten-free Food Among Diabetic People

Millet seeds are coarse grains that are majorly grown in Asia and Africa and is also a part of a staple diet of people residing in the regions. Millets are not harmed by severe climatic conditions and require relatively less amount of water for growth compared to other cereals such as rice, wheat, and others. Therefore, millets are prominent source of nutrition in geographical areas having tough climatic conditions especially in the southwestern and western African countries. Millet seeds are rich in nutrition such as of proteins, fiber, calcium, minerals, and vitamins which are beneficial for human nourishment.

COVID-19 Impact on Millet seeds Market

The outbreak of COVID-19 across the globe has moderately impacted the global millet seeds market growth. The moderate growth of the millet seeds market is majorly owing to closing of stores and disruptions in supply chain due to lockdown restrictions. Besides, various issues faced by major players across the industry, such as less availability of millets for manufacturing products and the decreased demand for millet seeds amid the pandemic, which is hugely impacting the global market.

However, several countries are taking initiatives to support farmers during the pandemic period. Additionally, many people are increasingly adopting healthy food habits throughout the pandemic to boost immunity. All these factors are projected to bring novel growth opportunities for the global millet seeds market.

Millet Seeds Market Trends and Developments

The companies operating in the global industry are adopting several growth strategies and business tactics such as partnerships, collaboration, business expansion, and product launches to obtain a leading position in the global industry, which is predicted to drive the global millet seeds market growth in the upcoming years.

For instance, in January 2020, Urban Millets Pvt Ltd., the Bengaluru-based manufacturer of  millet products, launched its new brand namely, ‘Trumillets’ that includes an extensive range of healthy ready to cook products, millet Xpress, and healthy snacks for Indian consumers. The new range of products offers millet solutions through various millet premixes from Idli and Dosa mix, Pongal, Upma, Kesaribath, Murukku, Kheer, Chiwda, Poridges, and Smoothies.

In October 2021, Crystal Crop Protection Limited, the leading Indian R&D-based crop solution company, has entered into an agreement with Bayer in order to acquire Mustard, Cotton, Grain Sorghum, and Pearl Millet hybrids in India. The aim of the company is to stay true to their vision of inspiring growth of Indian farmers. The acquisition is a step forward for Crystal Crop to provide high-performance seeds for Indian agriculture’s sustainable growth.

Forecast Analysis of Global Market

The global millet seeds market is projected to witness an exponential growth over the forecast period, owing to the product innovations and technological advancements such as genetically modified seeds. Conversely, the high costs of millet seed products in many countries worldwide is expected to hamper the market growth in the projected timeframe.

The growing adoption of gluten-free food among the diabetic people and the nutraceutical health benefits of millets are the significant factors and millet seeds market trends estimated to bolster the growth of the global market in the coming future. According to a latest report published by Research Dive, the global millet seeds market is expected to garner $551,469.7 million during the forecast period (2021-2028). Regionally, the Asia-Pacific millet seeds market is estimated to observe dominant growth by 2028, owing to the presence of Asian countries such as India, which is the largest producer of millets, and also the growing trends of healthy foods among people in the region.

Key Players in the Global Millet Seeds Market

1. Allied Seed, LLC,
2. Crystal Crop Protection Pvt. Ltd.
3. Eastern Colorado Seeds, LLC
4. Mirfak Pty Ltd
5. Nuts in Bulk
6. RR Agroflorestal LTDA
7. BRAHMA STRAtegies Pvt Ltd
8. DUGAD Agro Foods
9. Treta Agro (P) Ltd
10. Sresta Natural Bioproducts Pvt Ltd.