Global Millet Flour Market – Industry Trends and Forecast to 2029

Millet Flour Market Analysis and Size

Consumers worldwide are attempting to incorporate a combination of grains, cereals, and lentils into their daily diets in order to obtain essential nutrients. Furthermore, rising gluten allergies are driving up demand for millet flour. Furthermore, millet flour contains beta-glucan and fibre, both of which aid in the prevention of cardiovascular disease, constipation, and the regulation of bowel movements.

Data Bridge Market Research analyses that the millet flour market was valued at USD 4.62 billion in 2021 and is expected to reach the value of USD 7.25 billion by 2029, at a CAGR of 5.80% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.

Millet Flour Market Scope and Segmentation

Market Definition

Millet flour is a type of flour composed of ground millet. Millet is a small, round grain that is white or yellow in colour. It tastes mild and has a slightly chewy texture. Bread, pizza crusts, pancakes, and other baked goods can all be made with millet flour. It is also useful for thickening soups and stews. Millet flour is commonly found in health food stores but is also available in some grocery stores and online.

Global Millet Flour Market Dynamics

Drivers

• Health benefits associated with consumption of millet flour

Millet flour has a high protein content, a rich source of minerals, dietary fibre, essential amino acids, and dietary fibre, which makes it popular among health-conscious consumers. Furthermore, millet flour is used in the bakery industry to make bread and other bakery products, which is increasing its demand globally due to the rise in gluten intolerance among consumers, and millet is gluten-free in nature, which is expected to drive the growth of the global millet flour market over the forecast period.

• Rising sedentary lifestyles among the population grows a need for healthy food choices

Increased urbanisation, a preference for healthy foods and an increase in the unsustainable nature of rice and wheat production drive product demand during the forecast period. Several diseases, including diabetes, obesity, and cardiovascular problems such as heart attack and coronary artery disease, have been linked to urban lifestyle choices and related food habits, as millets have high protein and mineral content, such as calcium and iron, which can aid in disease prevention. Increased public awareness of the health benefits of millet consumption will thus boost industry growth in the future.

Opportunity

Food and beverage manufacturers are considering the health benefits of millet flour and adding significant constituents to make products more delectable and nutritious. The use of millet ingredients in cosmetics is expected to increase demand for other products of a similar nature. Aside from that, the use of millet flour for disease prevention and health maintenance is expected to fuel a positive growth in terms of value during the forecast period. 

 Restraints

However, because the majority of millet production is concentrated in Asia and Africa, an improper alignment of supply and demand is expected to restrain the growth of the global millet flour market over the forecast period. Furthermore, millets contain goitrogens, which disrupt thyroid hormone production and can lead to goitre, limiting the growth of the global millet flour market in the near future.

This millet flour market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the millet flour market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Millet Flour Market

COVID-19 pandemic is a worldwide pandemic that has affected many countries. It has wreaked havoc on the business and marketing fields. During the pandemic, demand for millet flour increased as consumers sought food staples with a longer shelf life and that were healthy to consume. Manufacturers are having production issues due to a lack of raw materials and labour. Following the pandemic, the market demand for millet flour will increase as consumers seek healthy food products that boost anti-oxidants in the body.

Recent Development

• Cargill will release a rice flour-based malt dextrin substitute in October 2021. Cargill's new soluble SimPure rice flour has the same taste, texture, and milletity as maltodextrin. This ingredient can be used in place of maltodextrin one-to-one.
• Ulrick & Short will launch a millet flour in July 2021, to improve viscosity, texture, and structure in gluten-free bakery applications. The ingredient, known as fazenda Nutrigel, is a new addition to the company's millet flour line, which was introduced in 2020. In bakery applications, the ingredient acts as a viscosity regulator and has been designed to improve moisture, softness, and structure in a variety of products.
• To address Global's low dietary fibre intake, Limagrain Ingredients launched "LifyWheat" flour in June 2021. White wheat flour has ten times the fibre content of regular wheat flour and contains resistant starch.

Global Millet Flour Market Scope

The millet flour market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Organic Millet Flour
• Normal Millet Flour

Application

• Family use
• Commercial use
• Others

Millet Flour Market Regional Analysis/Insights

The millet flour market is analysed and market size insights and trends are provided by country, of type and application as referenced above.

The countries covered in the millet flour market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Germany dominates the millet flour market, followed by France and Italy. There is a growing shift in food consumption preferences, such as organic and gluten-free flour demand, which is driving the growth of this market. Germany dominates the country due to high cereal production and increased consumer spending on millet foods. France is also second in the market due to its high production of raw material crops and grains. In Italy, consumers' changing attitudes toward healthy lifestyles and increased spending capacity as a result of rising disposable income are boosting the country's market growth.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Millet Flour Market Share Analysis

The millet flour market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to millet flour market.

Some of the major players operating in the millet flour market are:

• Bayer AG (Germany)
• DSM (Netherlands)
• DuPont. (U.S.)
• Amway (U.S.)
• The Nature's Bounty Co. (U.S.)
• Nestlé SA (Switzerland)
• RiceBran Technologies (U.S.)
• Mead Johnson & Company, LLC. (U.S.)
• Medifast, Inc. (U.S.)
• Premier Nutrition Corporation (U.S.)
• TOOTSI IMPEX Inc. (Canada)
• U.S. Spice Mills, Inc. (U.S.)
• Health Food Manufacturers' Association (U.K.)
• NOW Foods (U.S.)
• Glanbia PLC (Ireland)
• Herbalife International of America, Inc. (U.S.)

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