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
The market research is based on forecasts from the Millet Market key competitors as well as market statistics. Sales growth figures at global, regional and national market levels, as well as a competitive scenario for predicted periods and individual firm valuations, are all included in Millet Market research. The report includes a present and estimated Millet Market size and shares the factors influencing the growth of the market, which makes it a guide for investors who are wishing to invest in the market.
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Millet Market Report Scope and Research Methodology
MMR’s Millet Market report provides an analysis of segments and sub-segments in detail, which helps clients to understand the market structure and helps with investment planning. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive Millet Market engineering and calculations for market statistics; market size estimations, market forecasts, market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global Millet Market size, the bottom-up approach was used. The report also includes a region-wise analysis of the Millet Market size and dynamics. The SWOT analysis in the report presents strengths, weaknesses, opportunities and threats of key players in the Millet Market industry.
Millet Market Dynamics:
The National Family Health Survey (NFHS) report 2022’s data on health indicators reveals that 59.1% of women are anaemic, 35.6% of children are stunted, and 32.2% of children are underweight. There has been a large demand for millet since it is nutritionally superior to cereals, non-acid-forming, non-allergic, easy to digest, rich in protein antioxidants, and dietary fibre. The year 2023 has been designated as the International Year of Millets, according to a proposal to the UNGA.
Millet Market Regional Insights
The Regional Analysis in the report helps to understand the Millet Market in various countries. The report includes a detailed analysis of all the factors including drivers, restraints, opportunities and challenges in all the regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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
by Application
1. Bread goods,
2. Alcoholic and non-alcoholic beverages
3. Breakfast foods
4. Infant food
by Distribution Channel
1. super and hypermarkets
2. grocers
3. online retailers
4. others
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)
Key questions answered in the Millet Market are:
- What was the Millet Market size in 2022?
- What is the expected Millet Market size by 2029?
- What are the factors driving the Millet Market growth?
- What are the factors restraining the Millet Market growth?
- Which trends are expected to generate additional revenue for the Millet Market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Millet Market?
- What growth strategies are the players considering to increase their presence in the Millet Market?
- Who held the largest market share in the Millet Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- 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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