Millet Market Analysis, Latest Developments, Trends and Demand, Analysis, Recent Trends and Regional Growth


Posted August 23, 2023 by Monal123

Millet are small, round whole grain grown in India, Nigeria and other Asian and African countries. Millet has multiple advantages over other crops, including drought and pest resistance .
 
Millet Market Overview:

The Millet Market Research Report covers a detailed analysis of micro and macro market trends, pricing analysis, and short-term market circumstances, as well as an in-depth look at the main rivals. The market is highly competitive, with several players focusing on research and development to develop innovative products and services. The report covers future trends that are expected to drive the Millet market growth.

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Millet Market Report Scope and Research Methodology:

The Millet market report comprehensively analyzes the segments, including Product Type, Application, and Region. The report offers insights into market participants' data and covers regions such as North America, Asia Pacific, Europe, Middle East & Africa, and South America. The report cover segments such as Types, Applications, End-User, and types and is further divided into subtypes in the report. The report uses facts, figures, illustrations, and presentations to provide key data analysis for the forecast period from 2022 to 2029. It also investigates the market's drivers, limitations, prospects, and barriers, also include the company overview, financial overview, global presence, capacity portfolio, business strategy, and recent developments.

The report is based on primary and secondary research methodologies to obtain qualitative and quantitative data. The primary research involved collecting data from key industry leaders, subject matter experts, and market players. The secondary research involved studying company reports, investor presentations, annual reports, and regulatory filings. The goal of this research is to provide insights into the current state and prospects of the Millet market and to inform strategic decision-making by industry stakeholders, investors, and policymakers.

Millet Market Regional Insights:

The Millet market includes company profiles from various regions, as well as information on their business strategies and statistics. The analysis of dynamics and the Millet market size has been provided at local, regional and global levels. The report consist of other dominating regions with their analysis and market size with impacting factors such as growth rate, market size, regional key plyers.

Millet Market Dynamics:

According to the NFHS (National Family Health Survey) report 2022, 59.1% of women are anaemic, 35.6% of children are stunted, and 32.2% of youngsters are underweight. Millets are in high demand because they are nutritionally superior to cereals, non-acid producing, non-allergenic, easy to digest, and high in protein antioxidants and dietary fibre. According to a proposal to the United Nations General Assembly (UNGA), the year 2023 should be designated as the International Year of Millets.

Millet Market Segmentation:

by Application
Bread goods,
Alcoholic and non-alcoholic beverages
Breakfast foods
Infant food

by Distribution Channel
super and hypermarkets
grocers
online retailers
others

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.

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.

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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)

Key questions answered in the Millet Market are:

What is Millet ?
What was the Millet market size in 2022?
What are the global trends in the Millet Market?
What are the major challenges that the Millet Market could face in the future?
How is the intervention from regulatory authority is shaping the Millet Market?
What growth strategies are the players considering to increase their presence in Automotive Relay Market?
Who held the largest market share in the Millet Market?
Which regional Millet market is expected to grow rapidly during the forecast period?
Key Offerings:

Market Overview
Market Share, Size & Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Regional Insights
Market Segmentation – A detailed analysis of segments and sub-segments
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Issued By monalyadav
Business Address MAXIMIZE MARKET RESEARCH PVT. LTD. ⮝ 444 West Lake Street, Floor 17, Chicago, IL, 60606, USA.
Country India
Categories Business
Tags millet market , millet market share , millet market trend
Last Updated August 23, 2023