The North America Millet Seeds Market would witness market growth of 5.2% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 123,127.15 tonnes, showcasing a growth of 12.6% (2020-2023).
Conventional millet farming typically involves using well-established agricultural techniques that have been passed down through generations, often including manual sowing, traditional irrigation methods, and reliance on organic fertilizers. Therefore, the Canada market is expected to utilize 38,448.37 tonnes of conventional millet seeds by 2031.
The US market dominated the North America Millet Seeds Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,005.8 million by 2031. The Canada market is experiencing a CAGR of 7.5% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.6% during (2024 - 2031).
Millet seeds refer to the small, round grains harvested from various species of millet plants. Millets are a group of cereal crops that belong to the grass family Poaceae and are cultivated widely in many parts of the world for their edible seeds.
Additionally, they are known for their resilience in diverse climatic conditions and are particularly important in semi-arid and arid regions where other crops may struggle to grow.
The Mexican government's support for the cultivation of diverse and sustainable crops, including millets, plays a pivotal role in the growth of the millet market. The government provides direct financial subsidies to farmers who cultivate millets. These subsidies help offset the costs of seeds, fertilizers, and other inputs, making millet farming more economically viable. Through agricultural banks and financial institutions, the government offers low-interest loans specifically for farmers investing in millet cultivation.
Free Valuable Insights: The Millet Seeds Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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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