North America Millet Seeds Market Size, Share, and COVID-19 Impact Analysis, 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 Distribution Channel (Online, Traditional Grocery Stores, Trade Associations, Supermarkets), By Country (United States, Canada), and North America Millet Seeds Market Insights, Industry Trend, Forecasts to 2032.

Industry: Food & Beverages

RELEASE DATE Aug 2023
REPORT ID SI2574
PAGES 200
REPORT FORMAT PathSoft

North America Millet Seeds Market Insights Forecasts to 2032

  • The North America Millet Seeds Market was valued at USD 2.61 Billion in 2022.
  • The Market is growing at a CAGR of 4.8% from 2022 to 2032.
  • The North America Millet Seeds Market is expected to reach USD 4.19 Billion by 2032.

 

North America Millet Seeds Market

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The North America Millet Seeds Market Size was valued at USD 2.61 Billion in 2022. The North America Millet Seeds Market is projected to exceed USD 4.19 Billion by 2032, growing at a CAGR of 4.8% from 2022 to 2032.           

 

Market Overview

Millets are a type of small-seeded grass that has grown in popularity due to its nutritional benefits, which include being gluten-free, high in fiber, and high in essential nutrients. Pearl millet, foxtail millet, proso millet, finger millet, and other millet varieties are available in the market. The North American millet seeds market has grown in recent years, owing to rising consumer awareness of health-conscious diets and demand for alternative grains. Millets have emerged as an appealing option for both consumers and food manufacturers as dietary preferences shift and demand for diverse and nutritious food sources rises. Agricultural practices, research and development initiatives to improve millet production, and strategic marketing efforts to promote millet-based products are all part of the market. Climate change, agricultural policies, consumer preferences, and technological advancements all play important roles in shaping the dynamics of the millet seeds market in North America. The market's trajectory is defined by the interaction of factors such as sustainable farming practices, food security concerns, and the culinary landscape's search for novel and versatile ingredients. The North American millet seeds market is likely to evolve as awareness of millets' nutritional value and environmental benefits grows, presenting opportunities and challenges for stakeholders across the agricultural and food sectors.

 

Report Coverage

This research report categorizes the market for North America millet seeds market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America millet seeds market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America millet seeds market.

 

North America Millet Seeds Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 2.61 Bn
Forecast Period:2022 – 2032
Forecast Period CAGR 2022 – 2032 :4.8%
022 – 2032 Value Projection:USD 4.19 Bn
Historical Data for:2020 - 2021
No. of Pages:200
Tables, Charts & Figures:150
Segments covered:By Product, By Application, By Distribution Channel, By Country.
Companies covered:: 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,. and Others.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

Millets' health benefits, such as their gluten-free nature, high fiber content, and rich nutritional profile, have led to an increase in demand for millet-based products. Millets are being embraced by consumers seeking healthier dietary options as an alternative to traditional grains. Millets are well-known for their resistance to harsh weather and ability to grow in low-input agricultural systems. As the importance of sustainable farming practices grows, millets are being recognized as a valuable crop that requires less water and fewer chemical inputs than other staple grains, thus contributing to sustainable agriculture.

 

Restraining Factors

Despite growing consumer awareness of millets, a sizable portion of North American consumers are still unfamiliar with these grains. Overcoming this lack of awareness will necessitate concerted educational and marketing efforts to highlight the nutritional benefits and culinary versatility of millets.

 

Market Segment:

The North America Millet Seeds Market share is segmented into product and application.

  • The proso millet segment is expected to grow at the fastest pace in the North America millet seeds market during the forecast period.

The North America millet seeds market is classified by product into foxtail millet, proso millet, finger millet, pearl millet, and others. Among these, the proso millet segment is expected to grow at the fastest pace in the North America millet seeds market during the forecast period. Proso millet is a well-known and widely cultivated millet variety in North America. It is popular due to its adaptability to different climates and short growing cycle.   

 

  • The breakfast food segment is expected to grow at the rapid pace in the North America millet seeds market during the forecast period.     

Based on the application, the North America millet seeds market is classified into fodder, breakfast food, beverages, infant food, steam cooked products, porridges, breads, bakery products. Among these, the breakfast food segment is expected to grow at the rapid pace in the North America millet seeds market during the forecast period. Millets are increasingly being incorporated into breakfast foods such as cereals, muesli, and granola. They provide a nutrient-dense alternative to traditional breakfast options, appealing to health-conscious consumers.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America millet seeds market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. 

 

List of Key Companies

  • 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
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the North America Millet Seeds Market based on the below-mentioned segments:

 

North America Millet Seeds Market, By Product  

  • Foxtail Millet
  • Proso Millet
  • Finger Millet
  • Pearl Millet
  • Others

 

North America Millet Seeds Market, By Application

  • Fodder
  • Breakfast Food
  • Beverages
  • Infant Food
  • Steam cooked products
  • Porridges
  • Breads
  • Bakery Products

 

North America Millet Seeds Market, By Distribution Channel

  • Online
  • Traditional Grocery Stores
  • Trade Associations
  • Supermarkets

 

North America Millet Seeds Market, By Country

  • United States
  • Canada

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