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Millet Market Size, Share and Forecast 2026-2036

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.

USD 11.9 bnMarket size 2026
USD 17.5 bnForecast 2036
4.0%CAGR 2026-2036
IndiaLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

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.

ScopeMillet 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.
IndustryFood and Beverage
Value 2025USD 11.4 bn
Value 2026USD 11.9 bn
Value 2036USD 17.5 bn
CAGR 2026-20364.0%
Volume 202630,439 thousand tonnes
Volume 203635,199 thousand tonnes
Average price 2026USD 390 per tonne
Report priceStarts from USD 1,999
PublishedNovember 2026

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Millet market size and forecast, 2026-2036

Exhibit 1The global millet market is forecast to grow from USD 11.9 bn in 2026 to USD 17.5 bn by 2036, a rise of 48%Global market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 4.0%
Millet market value, 2025 to 2036Market value by year. 2025: USD 11.4 bn; 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. Compound annual growth rate 2026 to 2036: 4.0%.202511.9 bn202614.4 bn203117.5 bn20364.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 11.9 bn
2027USD 12.3 bn
2028USD 12.8 bn
2029USD 13.3 bn
2030USD 13.9 bn
2031USD 14.4 bn
2032USD 15.0 bn
2033USD 15.6 bn
2034USD 16.2 bn
2035USD 16.9 bn
2036USD 17.5 bn

Millet market segmentation

By type

Exhibit 2Pearl millet is the largest segment by type, with 50.0% of 2026 revenueEstimated share of 2026 global revenue, by type
Millet market share by type, 2026Share of 2026 revenue by type. Pearl millet: 50.0%; Foxtail and proso millet: 20.0%; Other millets: 18.0%; Finger millet: 12.0%.Pearl millet50.0%Foxtail and proso millet20.0%Other millets18.0%Finger millet12.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Pearl millet50.0%47.8%USD 5.9 bn3.5%
Finger millet12.0%13.2%USD 1.4 bn5.0%
Foxtail and proso millet20.0%19.1%USD 2.4 bn3.5%
Other millets18.0%19.9%USD 2.1 bn5.0%

By use

Exhibit 3Food adds the most revenue by use, growing from USD 8.1 bn in 2026 to USD 12.4 bn by 2036Estimated revenue in USD by use, 2026 and 2036 forecast
Millet market by use, 2026 and 2036Revenue by use in 2026 and 2036. Food: USD 8.1 bn in 2026, USD 12.4 bn in 2036, change +54%; Animal feed: USD 2.4 bn in 2026, USD 2.9 bn in 2036, change +21%; Brewing and other: USD 1.4 bn in 2026, USD 2.3 bn in 2036, change +61%.20262036 forecastChangeFood+54%8.1 bn12.4 bnAnimal feed+21%2.4 bn2.9 bnBrewing and other+61%1.4 bn2.3 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Food68.0%70.6%USD 8.1 bn4.4%
Animal feed20.0%16.3%USD 2.4 bn1.9%
Brewing and other12.0%13.1%USD 1.4 bn4.9%

By farming system

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Smallholder rainfed58.0%54.0%USD 6.9 bn3.3%
Commercial rainfed22.0%22.0%USD 2.6 bn4.0%
Irrigated20.0%24.0%USD 2.4 bn5.9%

By processing level

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Raw grain63.0%57.0%USD 7.5 bn3.0%
Milled grain and flour24.0%26.0%USD 2.8 bn4.8%
Flakes, puffs and ready foods8.0%11.0%USD 948 mn7.4%
Malted and brewing grain5.0%6.0%USD 593 mn5.9%

By buyer

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Subsistence and local markets52.0%47.0%USD 6.2 bn3.0%
Food processors16.0%19.0%USD 1.9 bn5.8%
Feed mills and brewers18.0%18.0%USD 2.1 bn4.0%
Retail and export trade14.0%16.0%USD 1.7 bn5.4%

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%.

Exhibit 4India is the largest country market at USD 3.3 bn in 2026, and the three largest countries hold 46.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Millet market, ten largest countries in 2026Ten largest countries by 2026 revenue. India: USD 3.3 bn, 28.0%; Niger: USD 1.1 bn, 9.0%; Nigeria: USD 1.1 bn, 9.0%; China: USD 711 mn, 6.0%; Mali: USD 593 mn, 5.0%; Sudan: USD 593 mn, 5.0%; Burkina Faso: USD 474 mn, 4.0%; Senegal: USD 356 mn, 3.0%; Russia: USD 356 mn, 3.0%; United States: USD 296 mn, 2.5%.India3.3 bn 28.0%Niger1.1 bn 9.0%Nigeria1.1 bn 9.0%China711 mn 6.0%Mali593 mn 5.0%Sudan593 mn 5.0%Burkina Faso474 mn 4.0%Senegal356 mn 3.0%Russia356 mn 3.0%United States296 mn 2.5%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1IndiaUSD 3.3 bn28.0%USD 5.3 bn4.7%
2NigerUSD 1.1 bn9.0%USD 1.5 bn3.3%
3NigeriaUSD 1.1 bn9.0%USD 1.5 bn3.8%
4ChinaUSD 711 mn6.0%USD 930 mn2.7%
5MaliUSD 593 mn5.0%USD 807 mn3.1%
6SudanUSD 593 mn5.0%USD 807 mn3.1%
7Burkina FasoUSD 474 mn4.0%USD 649 mn3.2%
8SenegalUSD 356 mn3.0%USD 491 mn3.3%
9RussiaUSD 356 mn3.0%USD 509 mn3.6%
10United StatesUSD 296 mn2.5%USD 491 mn5.2%
11EthiopiaUSD 296 mn2.5%USD 711 mn9.1%
12UgandaUSD 296 mn2.5%USD 474 mn4.8%
13TanzaniaUSD 239 mn2.0%USD 365 mn4.3%
14GhanaUSD 197 mn1.7%USD 300 mn4.3%
15PakistanUSD 170 mn1.4%USD 226 mn2.9%
16KenyaUSD 149 mn1.3%USD 226 mn4.2%
17CameroonUSD 134 mn1.1%USD 179 mn2.9%
18ZimbabweUSD 121 mn1.0%USD 163 mn3.0%
19Ivory CoastUSD 111 mn0.9%USD 170 mn4.3%
20ZambiaUSD 103 mn0.9%USD 139 mn3.0%
21UkraineUSD 97 mn0.8%USD 130 mn2.9%
22KazakhstanUSD 91 mn0.8%USD 121 mn2.9%
23MozambiqueUSD 85 mn0.7%USD 114 mn2.9%
24JapanUSD 81 mn0.7%USD 93 mn1.4%
25GermanyUSD 77 mn0.7%USD 90 mn1.5%
Rest of worldUSD 774 mn6.5%USD 1.1 bn3.4%
Exhibit 5India and Nigeria account for 43% of the USD 5.7 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Millet market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 11.9 bn. India: +USD 1.9 bn; Nigeria: +USD 477 mn; Ethiopia: +USD 414 mn; Niger: +USD 407 mn; China: +USD 219 mn; 20 other countries: +USD 1.9 bn; Rest of world: +USD 305 mn. Market value 2036: USD 17.5 bn.Market value 202611.9 bnIndia+1.9 bnNigeria+477 mnEthiopia+414 mnNiger+407 mnChina+219 mn20 other countries+1.9 bnRest of world+305 mnMarket value 203617.5 bn

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.

Read the full research methodology

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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