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%. Analysis Of (2024-2032)
A class of grasses with tiny seeds that are commonly grown for food and fodder is called millet. since of their adaptation and resilience, millets are important for food security in places that are vulnerable to drought since they grow well in dry and semi-arid environments. The four main varieties of millet are finger, proso, foxtail, and pearl, and each has unique qualities and nutritional makeup. Due to its low glycemic index and gluten-free status, millet is becoming more and more popular as a health food. It is a mainstay in many traditional diets and is rich in protein, fiber, vitamins, and minerals. Beyond its usage for human consumption, millet finds application in the brewing and animal feed industries. Because of its resilience, the grain is an environmentally beneficial crop that can thrive in unfavorable soil conditions with little water. Due to its health benefits and the global movement towards sustainable agriculture, millet has seen a rise in popularity in recent years. As part of larger initiatives to improve nutrition, prevent climate change, and diversify crops, governments and organizations are encouraging the production of millet. Consequently, millet is undergoing a rebirth and staking its claim as an essential part of the food systems of the future.
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Top Key players:
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.
Drivers of the Millet Market:
Growing knowledge of the health advantages of this ancient grain is driving the millet market. Due to its gluten-free status, high fiber content, and abundance of vital elements like iron, phosphorus, and magnesium, millet is becoming more and more popular among health-conscious customers and people with dietary limitations like celiac disease. Furthermore, millet's appeal is boosted by the growing desire for environmentally friendly and sustainable crops because it needs less water and can withstand harsher climates than other grains. Due to its resilience, millet may be grown in areas that are vulnerable to drought, which is in line with international initiatives to support food security and sustainable agriculture.
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Segmentation Analysis of Millet Market:
By Type
· Finger Millet
· Pearl Millet
· Proso Millet
· Foxtail Millet
· Others
By Application
· Flour
· Bakery Products
· Infant Food
· Steam Cooked Products
· Porridges
· Others
By Distribution Channels
· Supermarket
· Trade Associations
· Online Stores
· Traditional Grocery Stores
Opportunities in the Millet Market:
The millet market offers a lot of room for expansion and creativity. Product diversification presents a big opportunity for firms, as they may create a broad range of millet-based products, including snacks, health bars, and ready-to-eat meals, to accommodate a variety of consumer tastes. Investigating the functional food and beverage sector and promoting millet for its particular health advantages such as improving digestion, decreasing blood sugar, and promoting heart health is another promising avenue. To further boost market growth, consider venturing into new geographic areas, particularly those with growing health consciousness and a desire for gluten-free products.
By Region
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
COMPANY PROFILES AND COMPETITIVE ANALYSIS:
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Industrial Lighting Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- ARIEL CORPORATION
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves and Recent Developments
- SWOT Analysis
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