Several companies put out global market analyses for commodities, with website articles and for-sale publications (generally quite expensive). In the case of such reports on millets, I don't know how useful they actually are to businesses.. However, they seem worthy of noting, and do offer some interesting bits of information.
Here are two I recently came across: 1. IMARC (two links) "Millet Prices Hit a 5-Year High in 2025: Nutrition Trends Drive Massive Market Shift," IMARC, 8 Dec. 2025 https://www.imarcgroup.com/news/millet-price-index "Millet Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2026 Edition," IMARC, n.d. https://www.imarcgroup.com/millet-pricing-report These focus on the US, China, Germany, UK, and France. My guess is that they are analyzing proso millet, which is the most traded of the millets, even if it is not the most produced. The first link above has this statement: "The global millet market reached 30.43 Million Tons in 2025 and is projected to grow to 34.1 Million Tons by 2034, at a CAGR of 1.26% during 2026–2034." According to figures I accessed a year or two ago, the estimated total production of all millets, including proso (but excluding sorghum), was on the order of 30 million MT/year. Th latter quantity, as I understand it, that would include a large percentage of production/consumption on household or local levels, which is not traded in ways that international businesses would find interesting. (I am in no way an expert on market analysis, so take my opinion only so far.) 2. Renub Research (two links) "Millets Market to Reach US$ 18.67 Billion by 2034 as Demand for Nutritious and Climate-Resilient Grains Accelerates," by Aman Ahirwar, Feast, May 2026 "Global Millets Market Report by Product, Application, Distribution Channels, Countries and Companies Analysis 2026-2034," Renub Research, n.d. https://www.renub.com/millets-market-p.php ' These spotlight the US, Germany, India, and Saudi Arabia, but with mention of a range of commercial initiatives involving millets going back to 2023. This report suggests that the millets market will experience a 5.21% CAGR (compound annual growth rate) over the period 2026-2034. In 2024, the same company (Renub Research) had estimated a 5.88% CAGR for 2024-2032. See my short post about that of 8 Sep. 2024 at https://lists.millets2023.space/archives/list/[email protected]/message/LE4LWILQG55LWS62J6VHIHFHWTLXHF3T/ . I have no suggestion as to the possible significance of that decline, and don't have access to a series of annual CAGR estimates to look for any trends.. Don Osborn, PhD (East Lansing, MI, US) North American Millets Alliance -- Collab mailing list -- [email protected] To unsubscribe send an email to [email protected]
