Millet Market 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 Overview
Maximize Market Research’s new report on the Global Millet Market 2023-2029 is a valuable resource for understanding the market’s competitors and gaining key business insights. The report provides a comprehensive overview of the market, including its value chain structure, geographical analysis, applications, market size, and forecast (2023-2029). This information can be used to make more informed decisions about the current and future state of the global Millet market.
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Millet Market Scope
The report focuses on the key factors that are driving and restraining the growth of the Millet market, as well as the competitive landscape and future prospects. It provides insights into the current and future market trends, demand chain, supply chain, and sales, as well as recent changes in the market.
The report also includes company profiles of the key players in the Millet market, including their overview, financial performance, product portfolio, and strategies. It also uses SWOT and PESTLE analysis to provide a comprehensive view of the market.
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 specialty shops. Because consumers are more confidence when things are physically available, many millet producers desire to sell their goods through retail establishments.
Millet Market Size and Forecast, by Product Type (2022-2029)
1. finger millet
2. pearl millet
3. Kodo millet
4. foxtail millet
5. proso millet
6. barnyard millet
7. little millet
Millet Market Size and Forecast, by Application (2022-2029)
1. Bread goods,
2. Alcoholic and non-alcoholic beverages
3. Breakfast foods
4. Infant food
Millet Market Size and Forecast, by Distribution Channel (2022-2029)
3. super and hypermarkets
3. grocers
3. online retailers
4. others
Millet Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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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)
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Millet Market Regional Analysis
The global Millet Market’s growth trend is examined in depth throughout the report. It divides the major 5 regions, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which have global dominance in the Millet market.
Key Questions answered in the Millet Market Report are:
- What are the Millet market segments?
- 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 shaping the Millet Market?
- Who are the Millet key players in the industry?
- What growth strategies are the players considering to increase their presence in Millet Market?
- Which region held the largest Millet market share in 2022?
- Which regional Millet market is expected to grow rapidly during the forecast period?
Key offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- Recommendations
- Key Findings
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