Millet Market Global Production, Growth, Share, Demand and Applications Forecast to 2029


Posted July 3, 2023 by eakvirammr

Millet Market size was valued at USD 10.86 Billion in 2022 and the total Millet Market revenue is expected to grow at 4.82 % from 2023 to 2029, reaching nearly USD 15.11 Billion.
 
Millet Market Overview:

The Millet Market research report analyses and evaluates market’s position over the projected period.It is a thorough investigation that focuses on fundamental and secondary drivers, market share, leading segments, and geographical analysis. The study also looks at key players, large collaborations, mergers, and acquisitions, as well as trending innovation and corporate strategies.

Millet Market Scope:

We investigated the Millet Market from every angle, using both primary and secondary research methods. This aided us in developing a grasp of current market dynamics, such as supply-demand imbalances, price trends, product preferences, consumer behaviors, and so on. The data is then assembled and evaluated using a variety of market estimation and data validation approaches. In addition, we have an in-house data forecasting model that predicts market growth until 2027.

The top authors, researchers, and analysts collated and summarised the evaluation of the impact of recommendations on market activity. The research contains data based on the market's historical and present situations, as well as other components impacting the market's development path. It includes the most recent and up-to-date information on the worldwide Millet market landscape. The analysis goes into information about demand, revenue forecasts, volume, share, growth, kinds, applications, and sales, among other things. The research examines a variety of crucial restrictions, including item pricing, manufacturing capacity, profit and loss figures, and distribution methods.



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Millet Market Segmentation:

by Product Type

1. finger millet
2. pearl millet
3. Kodo millet
4. foxtail millet
5. proso millet
6. barnyard millet
7. little millet

In India and other Asian and African countries, millets frequently include sorghum, pearl millet, and a variety of tiny millets.India is the world's largest producer and consumer of millets, including finger millet, pearl millet, Kodo millet, foxtail millet, proso millet, barnyard millet, and tiny millet.India is the world's sixth largest producer of sorghum. Millets have been studied in terms of perceptions, consciousness, and knowledge. The nutritional benefits of finger millet have been widely recognised through research on pearl millet, finger millet, and sorghum undertaken in India and South Africa.

by Application

1. Bread goods,
2. Alcoholic and non-alcoholic beverages
3. Breakfast foods
4. Infant food

The millet market is classified as fodder, bread goods, alcoholic and non-alcoholic beverages, breakfast meals, and infant feeding. Infant food prepared from millets, such as porridge, is ideal for expanding the infant market and reducing the incidence of malnutrition in newborns. Bakery items, notably packaged cookies, are increasing appeal as they become more widely available in supermarkets, hypermarkets, and e-commerce sites, particularly in Asia Pacific countries.

by Distribution Channel

1. super and hypermarkets
2. grocers
3. online retailers
4. others

The millets market is split into super and hypermarkets, grocers, online retailers, and others based on distribution channel. The others sector dominated the millets market, while the online segment is expected to grow at the fastest rate over the forecast period. Millets are also available through wholesalers, specialty stores, and direct sales. Direct sales channels connect millet product producers with food processing enterprises, as well as consumers with millet product producers. Millets sold in speciality stores yield lower sales revenues. Many millet producers desire to sell their products through retail locations because purchasers are more confidence when they can see the product in person.

Millet Market Key Players:

1. Cargill (US)
2. Archer Daniels Midland Company (US)
3. Seedway, LLC. (US)
4. Ernst Conservation Seeds (US)
5. Eastern Colorado Seeds, LLC (US)
6. Roundstone Native Seed Company (US)
7. Allied Seed, LLC (US)
8. Janadhanya Farmers Producer Company Limited (India)
9. Sresta Natural Bioproducts Pvt Ltd (India)
10. Just Organik (India)
11. Earthon Products Pvt Ltd (India)
12. Shimla Hills Offerings Pvt. Ltd. (India)
13. Pristine Organics Pvt Ltd. (India)
14. Sahaja Samrudha Organic Producer Company Ltd (SSOPCL) (India)
15. Viruthai Millets Farmer Producer Company Ltd. (India)
16. Crystal Crop Protection Pvt. Ltd. (India)
17. DUGAD Agro Foods (India)
18. Croda International Plc (UK)
19. Nestlé S.A. (Switzerland)
20. NH Foods Ltd (Japan)
21. Bayer Crop Science AG (Germany)
22. BASF SE (Germany)
23. Mirfak Pty Ltd, Nuts in Bulk (Australia)
24. RR Agroflorestal LTDA (Brazil)
25. Kerry Group plc (Ireland)
26. BrettYoung (canada)

The analysis also focuses on the worldwide key industry players of the Millet Market, including information such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information. This research looks at the Millet Market Trend, volume, and value on a global, regional, and corporate level. This study shows the entire Millet Market Size from a worldwide perspective by analyzing historical data and prospects. The research covers leading Millet market companies and evaluates their market rankings. The players highlighted in this report are as follows:



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Regional Analysis:

The study offers a comprehensive overview of the sector, including both qualitative and quantitative data. It gives an overview and prognosis of the worldwide Millet market by segment. It also offers market size and forecast projections for five key regions, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America, from 2021 to 2027. Each region's Millet market is further subdivided by respective regions and segments. The research analyses and forecasts different countries, as well as existing trends and prospects in the region.



COVID-19 Impact Analysis on Millet Market:

We have studied and analyzed in detail, Global Millet Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the global Millet industry's potential, providing statistical information about market dynamics, growth factors, major challenges, PORTAL analysis, and market entry strategy analysis, opportunities, and forecasts. The report's main focus is to give firms in the sector a strategic analysis of the impact of COVID-19. Simultaneously, this research examined the markets of key nations and introduced the market potential of these countries.



Key Questions Answered in the Millet Market Report are:

What are some of the most promising high-growth opportunities in the global Millet market by product type and End User and Region?
Which Millet market segments will expand the fastest, and why?
Which regions will develop quicker, and why?
What are the primary elements influencing Millet market dynamics? What are the market drivers and challenges for the Millet market?
What are the Millet market's business risks and threats?
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Issued By MMR
Country India
Categories Business , Food , News
Tags millet market , millet market growth , millet market demand
Last Updated July 3, 2023