Global Millet Market was valued at USD 10.47 billion in 2021 and is expected to reach USD 14.44 billion by the year 2028, at a CAGR of 4.7%.
Small-seeded millets are cereals that yet have good nutritional value. Around the world, millet comes in close to 6,000 different types with a range of hues including red, white, grey, and pale yellow. They outperform several popular cereals, such rice and wheat, in terms of nutritional value. Millets have gotten less attention than the other cereals despite having notable nutritional benefits. Many African and Asian nations' economies and food security rely heavily on millets. Because they are gluten-free and low in sugar, they are becoming more popular in Europe and North America.
Over the forecast period of 2022-2028, the size of the Millet Market is predicted to grow rapidly and at a considerable CAGR. The market's expansion is thought to be due to rising demand for Millet Market Applications over the world. At a country level, the report shows the potential opportunities in the Millet Market. Furthermore, for the forecast period, the research includes a detailed analysis of the cost, segmentation, trends, region, and commercial growth of the most prominent major players around the world.
The Major Players In The Millet Market Include:
· Archer Daniels Midland Company
· Cargill Inc.
· Nestle S.A.
· Wise Seed Company Inc.
· Roundstone Native Seed Company
· E.I. DuPont De Nemours and Company
· Bayer Crop Science AG
· Ernst Conservation Seeds
· Brett-Young Seeds Limited
· Treta Agro (P) Ltd
· Sresta Natural Bioproducts Pvt Ltd
· Janadhanya Farmers Producer Company Limited
· Dharani FaM CooP Ltd
· Mayoora Foods
· Navan Foods LLC
· Sydler India Pvt. Ltd.
· Nature's Logic.
· Tata Consumer Products Limited (TCPL) and other major players.
Market has segmented the global Millet market on the basis of type, application, and region:
The Millet market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By Type:
· Finger Millet
· Pearl Millet
· Proso Millet
· Foxtail Millet
· Others
By Application:
· Flour
· Bakery Products
· Infant Food
· Steam Cooked Products
· Porridges
· Others
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By Regional Outlook
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Millet Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
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Reasons to Purchase the Millet Market Report:
· The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
· Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
· Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
· The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
· Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
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