Millet Market Overview:
This Millet industry research provided a comprehensive analysis of the worldwide Millet Market, taking into account all critical variables such as growth factors, limitations, market advancements, top investment pockets, future prospects, and trends. The research begins by emphasizing the important trends and possibilities that may develop in the near future and have a favorable influence on overall industry growth.
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Millet Market Scope:
The Millet market report presents insights into each of the leading Millet Market end users along with annual forecasts to 2027. The report provides a revenue forecast with sales and growth rate of the global Millet Market. Forecasts are also provided for the market’s product, application, and geographic segments. Forecasts are produced to help people understand the industry’s future outlook and potential.
Millet Market Dynamics:
Data on health indicators, published by NFHS (National Family Health Survey) report 2022 shows that 59.1% of women are anaemic, 35.6% of children are stunted, and 32.2% of children are underweight. As millet are nutritionally superior to cereals, on-acid forming, on allergic, easy to digest and rich in protein antioxidants, dietary fibre, there has been great demand of Millets. The proposal to the United Nations General Assembly (UNGA) year 2023 has been declared as the International Year of Millets.
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
Based on Product Type, In India and other Asian and African countries millets commonly include sorghum, pearl millet and range of small milltes.India is the leading producer and consumer of different type of millets such as finger millet, pearl millet, Kodo millet, foxtail millet, proso millet, barnyard millet and little millet.India is the sixth largest producer of sorghum globally. Studies have investigated the perceptions, awareness and knowledge on millets. Research conducted on pearl millet, finger millet and sorghum conducted in India, South Africa has recognized the widespread about the nutritional benefits of finger millet.
by Application
1. Bread goods,
2. Alcoholic and non-alcoholic beverages
3. Breakfast foods
4. Infant food
Based on Application, the millet market is divided into fodder, bread goods, alcoholic and non-alcoholic beverages, breakfast foods, and infant food. Infant food made of millets, like porridge, is perfect for the expansion of the infant market and will help to reduce the incidence of malnutrition in new-borns. Due to their widespread availability in supermarkets, hypermarkets, and e-commerce sites, particularly in Asia Pacific nations, bakery items, including packaged cookies, are progressively gaining popularity.
by Distribution Channel
1. super and hypermarkets
2. grocers
3. online retailers
4. others
Based on the distribution channel, the millets market is divided into super and hypermarkets, grocers, online retailers, and others. The market for millets was dominated by the others sector, but throughout the projected period, the online segment is anticipated to develop at the highest rate. Millets can also be distributed through wholesalers, specialised shops, and direct sales. Direct sales channels establish connections between millet product producers and food processing businesses as well as between consumers and millet product producers. The sale of millets in specialty stores generates lower sales revenues. Many millet producers want to offer their products through retail outlets because buyers are more confident when products are physically accessible
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Millet Key Players:
The research includes the most recent news and industry developments in terms of Millet Market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions, and so on. Among the main companies in the Millet Market sector are
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)
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Regional Analysis:
The primary goal of this study is to assist the user in understanding the market in terms of definition, segmentation, market potential, significant trends, and the problems that the industry is experiencing across ten key regions.
COVID-19 Impact Analysis on Millet Market:
The research details the overall impact of COVID-19 on the Millet Market by providing a micro- and macroeconomic analysis. The precise study focuses on market share and size, which clearly depicts the impact that the pandemic has had and is anticipated to have on the global Health Insurance Market in the future years.
Key Questions aAnsweredin the Millet Market Report are:
- What is the function of Millet?
- What is the predicted revenue generation of the Millet market?
- At what growth rate is the Millet market evolving?
- Who are the major market giants operating in the Millet market?
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