North America Millet Seeds Market
North America Millet Seeds Market - By Product (Foxtail Millet, Proso Millet, Finger Millet, Pearl Millet, Others); by Distribution Channel (Online, Traditional Grocery Stores, Trade Associations, Supermarkets); by Application (Fodder, Breakfast Food, Beverages, Infant Food, Steam cooked products, Porridges, Breads, Bakery Products), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: March 2023
- Report ID: BWC23220
- Available Format: PDF
- Page: 240
Report Overview
Growing trend toward adopting healthy eating habits and switching to low-calorie options, millet seeds’ high protein content, and increasing consumption of fibrous and gluten-free meals are expected to boost the growth of North America millet seeds market during the forecast period between 2023 and 2029.North America Millet Seeds Market - Industry Trends & Forecast Report, 2029
North America millet seeds market size was estimated at USD 2.59 billion in 2022. During the forecast period between 2023 and 2029, North America millet seeds market size is projected to grow at a CAGR of 4.52% reaching a value of USD 3.54 billion by 2029. Growing urban populations, the move towards healthier eating in North America, and the limited sustainability of rice and wheat production are boosting product demand throughout the projection period. Diabetes, obesity, and cardiovascular disorders such as heart attacks and coronary heart disease have all been linked to urban lifestyle choices and eating habits, while millet is high in protein and minerals such as calcium, which can help to avoid these diseases.
As a result, growing public knowledge of the health advantages of millet consumption will spur industry expansion in the future. Several developing nations and federal governments are implementing long-term plans to alleviate malnutrition through nutrition programs. Promotion of government activities and integration of millet in many products. For instance, according to the article published in “Hungry and Confused: The winding road to conscious eating” in October 2022, In the United States, 64% of consumers prioritize sustainability. Younger customers are the most motivated to reduce their personal influence on climate change across all markets analyzed. But more than 60% of those polled respect sustainable solutions, only roughly 28% report eating more sustainable items, and fewer than 30% are prepared to pay extra for environmentally friendly choices.
North America Millet Seeds Market – Overview
Millet seeds are small, round, and edible grains that are used as a staple food in many parts of the world. They are members of the Poaceae family of grasses and are closely related to other cereals such as rice and wheat. There are several different types of millet, including pearl millet, foxtail millet, finger millet, and proso millet, each with its own unique nutritional profile and culinary uses. Millet is a good source of fiber, protein, and minerals such as iron, magnesium, and phosphorus. It is also gluten-free, making it a popular choice for people with gluten sensitivities or celiac disease. Millet is a versatile ingredient and can be used in a variety of dishes, including porridges, bread, and cakes. It is also a popular ingredient in birdseed and livestock feed. In recent years, millet has gained popularity as a nutritious and sustainable food crop. Its ability to grow in a variety of climates and soil types, and its low water and fertilizer requirements, make it a particularly attractive crop for small-scale farmers in developing countries. Additionally, its nutritional benefits and gluten-free status have contributed to its growing popularity in Western countries as well.
North America Millet Seeds Market
Growth Drivers
Growing Popularity of Plant-based Protein Sources
The growing popularity of plant-based protein sources is a trend that has been observed in recent years, driven by several factors such as concerns about health, sustainability, and animal welfare. Plant-based protein sources, such as millet, have become increasingly popular as consumers look for alternatives to traditional animal-based protein sources. Millet is a good source of plant-based protein, and it is also gluten-free, which makes it a popular choice for people with gluten sensitivities or celiac disease.
It is also rich in vitamins and minerals, including magnesium, phosphorus, and B vitamins. Additionally, the increasing popularity of plant-based protein sources is driven by concerns about sustainability and the environmental impact of animal agriculture. Raising animals for food requires significant resources, including land, water, and feed, and it can contribute to deforestation and greenhouse gas emissions.
Growing Popularity of Gluten-free Foods among Health-Conscious Consumers
North America millet seeds market is expected to grow steadily, owing mostly to the growing popularity of gluten-free foods among diabetics, as millets have a low glycemic index and can decrease blood sugar release. Millets also have a high nutritional value, making them ideal for a healthy lifestyle. These will benefit patients suffering from chronic ailments including obesity, diabetes, and heart disease.
Many of these factors may contribute to the rise of the global millet seeds market. Additionally, according to a report published in November 2021 by NDTV, an Indian news media organization, millets help manage blood sugar levels and minimize the chance of developing type 2 diabetes, making it one of the finest diabetic diet foods. These sorts of variables are expected to fuel market expansion.
Restraints
Limited Availability of Millet Seeds due to Low Adoption and Cultivation
The limited availability of millet seeds due to low adoption and cultivation can hamper the market growth. Although millet is a nutritious and sustainable crop, it is not as widely cultivated or consumed as other staple crops, such as wheat, rice, or maize. This can lead to limited availability of millet seeds, particularly in regions where it is not traditionally grown or consumed. Furthermore, there is often limited investment and research into millet cultivation and breeding, which can result in low yields and poor crop quality. It can make it less attractive for farmers to grow millets, particularly if they have limited access to markets or face competition from more profitable crops.
Impact of COVID-19 on North America Millet Seeds Market
The food and beverages industry is one of the primary businesses experienced severe disruptions, such as supply chain disruptions, technology event cancellations, and workplace shutdowns, due to COVID-19 pandemic. The shutdown of numerous facilities and factories is disrupting supply chains and severely damaging North American production, delivery schedules, and sales of various items. Furthermore, worldwide travel prohibitions implemented by nations in Europe, Asia, and North America harmed prospects for commercial cooperation and partnerships. As a result, the North American food and beverage business will suffer, limiting the expansion of numerous markets associated to the industry.
North America Millet Seeds Market
Segmental Coverage
North America Millet Seeds Market - By Product
Based on product, North America millet seeds market is segmented into foxtail millet, proso millet, finger millet, pearl millet, and others. The foxtail millet segment dominated the market in 2022, as foxtail millet is a common type of millet used in North America, particularly in the production of gluten-free products. Foxtail millet is known for its small, round grains and mild flavor, making it a versatile ingredient in a range of food products. In many areas of the United States, foxtail millet may be planted using a grain drill and harvested for grain with a standard combine or forage harvesting equipment for livestock feed. It is also suitable for use as a cover crop in some settings, particularly when a fast-growing summer cover is required. Millets are similar in size and shape to barley, making them an ideal finger meal.
North America Millet Seeds Market - By Application
Based on application, the market is segmented into fodder, breakfast food, beverages, infant food, steam cooked products, porridges, breads, and bakery products. Millet-based breakfast foods, such as cereals and granola bars, are popular in North America. Millet is a gluten-free, healthful alternative to classic breakfast grains such as wheat and oats, and its mild flavor and adaptability make it a popular component in a variety of breakfast meals. In North America, millet is often used in bakery goods, such as bread, muffins, and crackers. Millet flour and millet-based mixes are becoming more widely accessible in supermarkets and are used to make a variety of gluten-free and health-conscious baked items. Millets being a high source of protein, potassium, iron and magnesium, make it a nutritious diet for a newborn. According per the study published in the Journal of Texture studies, the replacement of wheat flour with 60% finger millets boosts the nutritious value or texture of muffins.
North America Millet Seeds Market - By Country
The United States holds a higher share in North America millet seeds market. To address increased demand from beverage, dairy & frozen desserts, confectionery, and bread makers, millets enterprises in this region are constantly improving their entire business operations and product line. Numerous local and multinational corporations have established a significant presence in North America. The United States is a major consumer of millets, followed by Canada. The area primarily promotes millet seeds market expansion through an efficient food production industry and flexible trade rules. For Instance, typically, 15–20% of the proso millet produced in the United States is exported, primarily as feed. The Netherlands, the United Kingdom, Canada, and Japan are the top export destinations. Senegal and Angola have been key markets for proso millet, which is largely used for human consumption.
Competitive Landscape
North America millet seeds market is highly competitive. Prominent players in the market include Allied Seed LLC, Crystal Crop Protection Private Limited, Delphi Organic GmbH, Eastern Colorado Seeds, LLC, Hancock Seed & Company, Mamta Hygiene Products Pvt Ltd., Mirfak Pty Ltd., NUTS IN BULK (Outlet Wholefood Company Ltd.), Alta Seeds (Advanta Seeds), and Soya UK Ltd.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2018–2021 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Million |
Product/ Service Segmentation |
Product, Application, End User, and Country |
Key Players |
Allied Seed LLC, Crystal Crop Protection Private Limited, Delphi Organic GmbH, Eastern Colorado Seeds, LLC, Hancock Seed & Company, Mamta Hygiene Products Pvt Ltd., Mirfak Pty Ltd., NUTS IN BULK (Outlet Wholefood Company Ltd.), Alta Seeds (Advanta Seeds), Soya UK Ltd |
By Product
-
Foxtail Millet
-
Proso Millet
-
Finger Millet
-
Pearl Millet
-
Others
By Application
-
Fodder
-
Breakfast Food
-
Beverages
-
Infant Food
-
Steam Cooked Products
-
Porridges
-
Breads
-
Bakery Products
By End User
-
Online
-
Traditional Grocery Stores
-
Trade Associations
-
Supermarket
By Country
-
United States
-
Canada
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- North America Millet Seeds Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Growing popularity of plant-based protein sources
- Rising awareness about the health benefits of millet consumption
- Advancements in millet seed breeding technologies
- Government initiatives to promote millet cultivation and consumption
- Restraints
- High competition from other grains and cereal crops
- Limited availability of millet seeds due to low adoption and cultivation
- Dependence on weather conditions and natural factors, which can impact production and yield
- Opportunities
- Growing popularity of millet-based snack products
- Increasing demand for millet seeds in animal feed and pet food industries
- Expansion of the millet seed market through online and e-commerce platforms
- Challenges
- High production costs due to limited economies of scale
- Limited availability of skilled labor for millet cultivation and processing
- Growth Drivers
- Technology Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- North America Millet Seeds Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product
- Foxtail Millet
- Proso Millet
- Finger Millet
- Pearl Millet
- Others
- By Application
- Fodder
- Breakfast Food
- Beverages
- Infant Food
- Steam cooked products
- Porridges
- Breads
- Bakery products
- By End User
- Online
- Traditional Grocery Stores
- Trade Associations
- Supermarket
- By Country
- US
- Canada
- By Product
- Market Size & Forecast by Value & Volume, 2019–2029
- United States Millet Seeds Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Application
- By End User
- Market Size & Forecast by Value & Volume, 2019–2029
- Canada Millet Seeds Market Overview
- Market Size & Forecast by Value, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Product
- By Application
- By End User
- Market Size & Forecast by Value, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- North American Millet Seeds Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on North America Millet Seeds Market
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
- Allied Seed, LLC
- Crystal Crop Protection Private Limited
- Delphi Organic GmbH
- Eastern Colorado Seeds, LLC
- Hancock Seed & Company
- Mamta Hygiene Products Pvt Ltd.
- Mirfak Pty Ltd.
- NUTS IN BULK (Outlet Wholefood Company Ltd.)
- Alta Seeds (Advanta Seeds)
- Soya UK Ltd.
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 North America Millet Seeds Market Segmentation
Figure 2 North America Millet Seeds Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 North America Millet Seeds Market Size, By Value (USD Million), 2019–2029
Figure 5 North America Millet Seeds Market Share, By Product, By Value, 2019–2029
Figure 6 North America Millet Seeds Market Share, By Application, By Value, 2019–2029
Figure 7 North America Millet Seeds Market Share, By End User, By Value, 2019–2029
Figure 8 North America Millet Seeds Market Share, By Country, By Value, 2019–2029
Figure 9 United States Millet Seeds Market Size, By Value (USD Million), 2019–2029
Figure 10 United States Millet Seeds Market Share, By Product, By Value, 2019–2029
Figure 11 United States Millet Seeds Market Share, By Application, By Value, 2019–2029
Figure 12 United States Millet Seeds Market Share, By End User, By Value, 2019–2029
Figure 13 Canada Millet Seeds Market Size, By Value (USD Million), 2019–2029
Figure 14 Canada Millet Seeds Market Share, By Product, By Value, 2019–2029
Figure 15 Canada Millet Seeds Market Share, By Application, By Value, 2019–2029
Figure 16 Canada Millet Seeds Market Share, By End User, By Value, 2019–2029
List of Tables
Table 1 North America Millet Seeds Market Size, By Product, By Value, 2019–2029
Table 2 North America Millet Seeds Market Size, By Application, By Value, 2019–2029
Table 3 North America Millet Seeds Market Size, By End User, By Value, 2019–2029
Table 4 North America Millet Seeds Market Size, By Country, By Value, 2019–2029
Table 5 United States Millet Seeds Market Size, By Product, By Value, 2019–2029
Table 6 United States Millet Seeds Market Size, By Application, By Value, 2019–2029
Table 7 United States Millet Seeds Market Size, By End User, By Value, 2019–2029
Table 8 Canada Millet Seeds Market Size, By Product, By Value, 2019–2029
Table 9 Canada Millet Seeds Market Size, By Application, By Value, 2019–2029
Table 10 Canada Millet Seeds Market Size, By End User, By Value, 2019–2029
Table 11 Allied Seed, LLC Company Overview
Table 12 Allied Seed, LLC Financial Overview
Table 13 Crystal Crop Protection Private Limited Company Overview
Table 14 Crystal Crop Protection Private Limited Financial Overview
Table 15 Delphi Organic GmbH Company Overview
Table 16 Delphi Organic GmbH Financial Overview
Table 17 Eastern Colorado Seeds, LLC Company Overview
Table 18 Eastern Colorado Seeds, LLC Financial Overview
Table 19 Hancock Seed & Company - Company Overview
Table 20 Hancock Seed & Company Financial Overview
Table 21 Mamta Hygiene Products Pvt Ltd. Company Overview
Table 22 Mamta Hygiene Products Pvt Ltd. Financial Overview
Table 23 Mirfak Pty Ltd. Company Overview
Table 24 Mirfak Pty Ltd. Financial Overview
Table 25 NUTS IN BULK (Outlet Wholefood Company Ltd.) Company Overview
Table 26 NUTS IN BULK (Outlet Wholefood Company Ltd.) Financial Overview
Table 27 Alta Seeds (Advanta Seeds) Company Overview
Table 28 Alta Seeds (Advanta Seeds) Financial Overview
Table 29 Soya UK Ltd. Company Overview
Table 30 Soya UK Ltd. Financial Overview
Market Segmentation
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.