London, Greater London, UK, July 23, 2024 — The millet flour market has experienced significant growth, rising from $5.37 billion in 2023 to $5.83 billion in 2024, achieving a compound annual growth rate (CAGR) of 8.6%. This expansion is driven by increasing awareness of the health benefits associated with millet flour, heightened concerns regarding gluten intolerance and celiac disease, governmental support and subsidies for millet agriculture in specific regions, the cost-effectiveness of millet compared to other grains, and growing demand for millet flour in traditional and ethnic cuisines.
Looking forward, the millet flour market is projected to continue its robust growth trajectory, reaching $8.15 billion by 2028, with an anticipated CAGR of 8.8%. This growth is supported by several key factors. These include heightened consumer focus on health and wellness, the expanding range of gluten-free options offered by food manufacturers, and the introduction of innovative millet-based products such as ready-to-eat snacks and beverages. Additionally, the rising middle-class population in emerging markets, advancements in distribution channels, and the increasing influence of e-commerce platforms are expected to drive market expansion. Furthermore, ongoing initiatives promoting sustainable agriculture and eco-friendly practices are significant contributors shaping the market outlook through 2028.
Key Growth Driver of the Millet Flour Market:
The burgeoning demand for healthy and nutritious food products is expected to fuel the growth of the millet flour market in the years ahead. These products encompass a variety of whole foods rich in essential nutrients, vitamins, and minerals, promoting overall well-being and optimal health. This increasing demand reflects a global trend towards prioritizing personal health and wellness among consumers.
Millet flour, valued for its gluten-free properties and nutrient-rich profile, plays a crucial role in meeting the demand for diverse and wholesome dietary options. As consumers seek healthier alternatives, millet flour emerges as a favored ingredient, supporting the development of nutritious food products that cater to evolving dietary preferences worldwide.
Leading companies in the millet flour market are embracing innovation by incorporating millet flour into bakery and patisserie mixes to meet the rising global demand for gluten-free and nutritious baked goods. Millet flour enriches these mixes with gluten-free options that also offer nutritional benefits, aligning with the dietary preferences of health-conscious consumers worldwide.
The Millet Flour Global Market Report 2024 by The Business Research Company provides comprehensive insights, including:
© 2023 - 2025 Millets News. All rights reserved.
