Market overview
The global millet market is worth USD 11.9 bn in 2026 and is forecast to reach USD 17.5 bn by 2036, growing at a 4.0% CAGR. India is the largest country market and Pearl millet is the largest by type segment.
| Scope | Millet grain including pearl, finger, foxtail and proso millet, grown and sold for food, feed and brewing and valued at first sale by farmers and traders. |
|---|---|
| Industry | Food and Beverage |
| Value 2025 | USD 11.4 bn |
| Value 2026 | USD 11.9 bn |
| Value 2036 | USD 17.5 bn |
| CAGR 2026-2036 | 4.0% |
| Volume 2026 | 30,439 thousand tonnes |
| Volume 2036 | 35,199 thousand tonnes |
| Average price 2026 | USD 390 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Millet market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 11.9 bn |
| 2027 | USD 12.3 bn |
| 2028 | USD 12.8 bn |
| 2029 | USD 13.3 bn |
| 2030 | USD 13.9 bn |
| 2031 | USD 14.4 bn |
| 2032 | USD 15.0 bn |
| 2033 | USD 15.6 bn |
| 2034 | USD 16.2 bn |
| 2035 | USD 16.9 bn |
| 2036 | USD 17.5 bn |
Millet market segmentation
By type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Pearl millet | 50.0% | 47.8% | USD 5.9 bn | 3.5% |
| Finger millet | 12.0% | 13.2% | USD 1.4 bn | 5.0% |
| Foxtail and proso millet | 20.0% | 19.1% | USD 2.4 bn | 3.5% |
| Other millets | 18.0% | 19.9% | USD 2.1 bn | 5.0% |
By use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Food | 68.0% | 70.6% | USD 8.1 bn | 4.4% |
| Animal feed | 20.0% | 16.3% | USD 2.4 bn | 1.9% |
| Brewing and other | 12.0% | 13.1% | USD 1.4 bn | 4.9% |
By farming system
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Smallholder rainfed | 58.0% | 54.0% | USD 6.9 bn | 3.3% |
| Commercial rainfed | 22.0% | 22.0% | USD 2.6 bn | 4.0% |
| Irrigated | 20.0% | 24.0% | USD 2.4 bn | 5.9% |
By processing level
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Raw grain | 63.0% | 57.0% | USD 7.5 bn | 3.0% |
| Milled grain and flour | 24.0% | 26.0% | USD 2.8 bn | 4.8% |
| Flakes, puffs and ready foods | 8.0% | 11.0% | USD 948 mn | 7.4% |
| Malted and brewing grain | 5.0% | 6.0% | USD 593 mn | 5.9% |
By buyer
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Subsistence and local markets | 52.0% | 47.0% | USD 6.2 bn | 3.0% |
| Food processors | 16.0% | 19.0% | USD 1.9 bn | 5.8% |
| Feed mills and brewers | 18.0% | 18.0% | USD 2.1 bn | 4.0% |
| Retail and export trade | 14.0% | 16.0% | USD 1.7 bn | 5.4% |
Top 25 countries for millet by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 74.5% of 2026 revenue and the 25 countries below together hold 93.5%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | India | USD 3.3 bn | 28.0% | USD 5.3 bn | 4.7% |
| 2 | Niger | USD 1.1 bn | 9.0% | USD 1.5 bn | 3.3% |
| 3 | Nigeria | USD 1.1 bn | 9.0% | USD 1.5 bn | 3.8% |
| 4 | China | USD 711 mn | 6.0% | USD 930 mn | 2.7% |
| 5 | Mali | USD 593 mn | 5.0% | USD 807 mn | 3.1% |
| 6 | Sudan | USD 593 mn | 5.0% | USD 807 mn | 3.1% |
| 7 | Burkina Faso | USD 474 mn | 4.0% | USD 649 mn | 3.2% |
| 8 | Senegal | USD 356 mn | 3.0% | USD 491 mn | 3.3% |
| 9 | Russia | USD 356 mn | 3.0% | USD 509 mn | 3.6% |
| 10 | United States | USD 296 mn | 2.5% | USD 491 mn | 5.2% |
| 11 | Ethiopia | USD 296 mn | 2.5% | USD 711 mn | 9.1% |
| 12 | Uganda | USD 296 mn | 2.5% | USD 474 mn | 4.8% |
| 13 | Tanzania | USD 239 mn | 2.0% | USD 365 mn | 4.3% |
| 14 | Ghana | USD 197 mn | 1.7% | USD 300 mn | 4.3% |
| 15 | Pakistan | USD 170 mn | 1.4% | USD 226 mn | 2.9% |
| 16 | Kenya | USD 149 mn | 1.3% | USD 226 mn | 4.2% |
| 17 | Cameroon | USD 134 mn | 1.1% | USD 179 mn | 2.9% |
| 18 | Zimbabwe | USD 121 mn | 1.0% | USD 163 mn | 3.0% |
| 19 | Ivory Coast | USD 111 mn | 0.9% | USD 170 mn | 4.3% |
| 20 | Zambia | USD 103 mn | 0.9% | USD 139 mn | 3.0% |
| 21 | Ukraine | USD 97 mn | 0.8% | USD 130 mn | 2.9% |
| 22 | Kazakhstan | USD 91 mn | 0.8% | USD 121 mn | 2.9% |
| 23 | Mozambique | USD 85 mn | 0.7% | USD 114 mn | 2.9% |
| 24 | Japan | USD 81 mn | 0.7% | USD 93 mn | 1.4% |
| 25 | Germany | USD 77 mn | 0.7% | USD 90 mn | 1.5% |
| Rest of world | USD 774 mn | 6.5% | USD 1.1 bn | 3.4% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- ITC Limited
- Tata Consumer Products
- Olam Agri
Group 2: Regional and specialist players
- Hain Celestial
- Eden Foods
- Bob's Red Mill
- Arrowhead Mills
Group 3: Emerging and niche players
- Slurrp Farm
- Millet Amma
- Soulfull
- True Elements
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the millet market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 4.0% is calculated from the resulting values.
The market is divided by type, by use, by farming system, by processing level, by buyer. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the millet market?
The global millet market is estimated at USD 11.4 bn in 2025 and USD 11.9 bn in 2026.
How fast will the millet market grow?
It is forecast to reach USD 17.5 bn by 2036, a compound annual growth rate of 4.0% from 2026, an increase of USD 5.7 bn.
Which country is the largest market for millet?
India is the largest market by revenue at USD 3.3 bn in 2026, 28.0% of the global total. The three largest countries together hold 46.0%.
Which country is growing fastest?
Among the ten largest markets, United States is growing fastest at 5.2% a year from 2026 to 2036.
Which millet segment is largest?
In the by type split, Pearl millet is the largest segment with 50.0% of 2026 revenue.
Who are the leading millet companies?
Global leaders include ITC Limited, Tata Consumer Products, Olam Agri.
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