The Latin America, Middle East and Africa Millet Seeds Market would witness market growth of 8.4% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 64,827.25 tonnes, showcasing a growth of 9.8% (2024-2031).
In the millet seeds market, hypermarkets and supermarkets serve as a crucial sales channel, providing extensive reach and accessibility for consumers. These retail giants offer a wide variety of millet seeds, including popular types like pearl, finger, and foxtail millets, catering to diverse consumer preferences. Thus, the Brazil market is expected to sale 5,876.43 tonnes of millet seed by online distribution channel by 2031.
The Brazil market dominated the LAMEA Millet Seeds Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $349.2 million by 2031. The Argentina market is registering a CAGR of 9.1% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 7.4% during (2024 - 2031).
Millet seeds are used in dietary supplements and health products due to their high nutrient content, including vitamins, minerals, and antioxidants. Supplements containing millet extracts are marketed for their potential health benefits.
Moreover, millet seeds are a key ingredient in gluten-free products, catering to individuals with celiac disease or gluten intolerance. Millet flour and millet-based products offer gluten-free alternatives in the baking and processed food industries. Millet seeds are used to fortify foods with essential nutrients, enhancing their nutritional profile.
The growing food service sector in the UAE creates a heightened demand for diverse and nutritious ingredients like millet seeds. Food service establishments, including restaurants, hotels, and catering services, seek healthy and versatile ingredients to meet consumer preferences. UAE-based food service providers are likely to diversify their menus to include healthier options, incorporating millet seeds into various dishes. This trend supports culinary innovation and introduces millet-based products to a wider audience.
Free Valuable Insights: The Worldwide Millet Seeds Market is Projected to reach USD 16.9 Billion by 2031, at a CAGR of 6.0%
Based on Nature, the market is segmented into Conventional, and Organic. Based on Sales Channel, the market is segmented into Specialty Stores, Hypermarket & Supermarket, and Online Channels. Based on Type, the market is segmented into Pearl Millet, Finger Millet, Foxtail Millet, Proso Millet, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Nature (Volume, Tonnes, USD Billion, 2020-2031)
By Sales Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Type (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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