Millet Market Report 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 Report Overview
A new report published by Global Market Intelligence firm, Maximize Market Research, indicates that the Millet Market is expected to grow significantly in the coming years. The report identifies the key drivers of growth, as well as the major restraints and challenges that the market is facing. It also provides insights into the potential opportunities that exist in the market.
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Millet Market Report Scope
The report provides current Millet market trends and regional insights, including demand, supply, and sales, as well as recent changes in the market. It focuses on the key drivers and restraints for key players, as well as the current competitive landscape. The report also provides the latest data on market statistics, future developments, size, and emerging trends, which can help you identify the products and end users that are driving revenue growth and profitability. It also includes company profiles, product specifications, production capacity/sales, revenue, price, gross margin, and sales by product.
Millet Market Regional Analysis
The Millet market report provides a comprehensive overview of the market, including its geographic condition, market size and share, business network structure, opportunities, and news updates.
Millet Market Segmentation
According to product type, sorghum, pearl millet, and a variety of tiny millet are among the most popular millets in India and other Asian and African nations.The majority of millets, including finger millet, pearl millet, Kodo millet, foxtail millet, proso millet, barnyard millet, and tiny millet, are produced and consumed in India.India is the sixth-largest sorghum grower in the world. Studies have looked into how people perceive, are aware of, and know about millets. The widespread knowledge of finger millet's nutritional advantages has been confirmed by research on pearl millet, finger millet, and sorghum that was undertaken in India and South Africa.
The millet market is segmented according to application into fodder, bread products, alcoholic and non-alcoholic drinks, breakfast meals, and baby food. Porridge and other millets-based infant foods are ideal for growing the infant market and lowering the prevalence of malnutrition in newborns. Bakery products, notably packaged cookies, are steadily growing in popularity due to their extensive availability in supermarkets, hypermarkets, and online shopping sites, particularly in Asia Pacific countries.
The millets market is segmented by distribution channel into super and hypermarkets, grocers, online retailers, and others. The other sector previously dominated the millets market, but it is estimated that online sales will grow at the fastest rate over the course of the forecasted period. Wholesalers, specialty stores, and direct sales are additional distribution channels for millets. Direct sales channels create links between companies that manufacture millet products and companies that handle food, as well as between consumers and millet product producers. Lower sales revenues are produced when millets are sold in specialized shops. Because consumers are more confidence when things are physically available, many millet producers desire to sell their goods through retail establishments.
1 Global Millet Market, by Product Type (2022-2029)
• finger millet
• pearl millet
• Kodo millet
• foxtail millet
• proso millet
• barnyard millet
• little millet
2 Global Millet Market, by Application (2022-2029)
• bread goods,
• alcoholic and non-alcoholic beverages
• breakfast foods
• infant foo
3 Global Millet Market, by Distribution Channel (2022-2029)
• super and hypermarkets
• grocers
• online retailers
• others
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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)
For any Queries Linked with the Report, Ask an Analyst
@ https://www.maximizemarketresearch.com/market-report/global-millet-market/105674/
Key Questions answered in the Millet Market Report are:
- What is Millet?
- What is the forecast period of the Millet Market?
- What is the expected Millet market size by the end of the forecast period?
- What will be the CAGR of the Millet market during the forecast period?
- Who are the key players in the Millet industry?
- Which region held the largest market share in the Millet Market?
- What are the opportunities for the Millet Market?
- What are the factors restraining the Millet market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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