Global Millet Market size was valued at US$ 9.89 Bn. in 2020 and the total revenue is expected to grow at 4.81 % through 2021 to 2027, reaching nearly US$ 13.74 Bn.
Global Millet Market Overview:Millets are little grass seeds that are commonly used in agriculture. They are classified as Cereal Crops for Human Consumption. In general, a large portion of the millets produced is consumed, while the remainder is utilised to make beer and instant ready-to-eat foods. Millets are used to make breakfast cereals such as cornflakes. The majority of millets grown are Pearl Millet. In India and Africa, it is commonly available. It is high in fiber, vitamins, minerals, proteins, and other nutrients. Millets come in a variety of varieties, including Pearl Millet, Foxtail Millet, Sorghum, Finger Millet, and others. As per the data of world trade, the millet was estimated at US$ 201 million in 2019 as the highest traded product and it has 4330 ranked in the Product Complexity Index (PCI). To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.
Global Millet Market Dynamics:Millets are small-seeded cereals with superior nutritional properties to other commonly consumed cereals such as rice and wheat. Millets contain a high protein and mineral content, such as calcium and iron, which can aid in the prevention of such disorders. As a result, rising public knowledge of the health benefits of millets consumption would drive market growth by 2025. The urban lifestyle choices and associated food habits have resulted in a multitude of ailments such as diabetes, obesity, and cardiovascular issues such as heart attack, coronary artery disease, arrhythmias, and so on. The number of people with cardiovascular disease is expected to exceed 23.6 million by 2030, providing a significant boost to millet consumption. Millets are increasingly being used in infant food and nutrition products, and many businesses are extending their business operations by purchasing smaller firms. It is also used in beverages such as beer. Gluten-free beers are made specifically for people who want to reduce their gluten intake or who have celiac disease or gluten intolerance. Breweries have begun to provide gluten-free beer in order to expand their customer base. Several developing countries and federal governments are creating long-term plans to implement nutrition programs targeted at combating malnutrition. According to data from the UN Food and Agriculture Organization, agriculture accounts for 70% of total water usage among these industries. It is highest in Asia and Africa, where agriculture is the dominant economic sector. Rice and wheat are two agricultural products that staple foods in many parts of the world. They are, however, water-intensive and are likely to be unsustainable as freshwater resources across the world deplete. Millet grows well in arid climates, has a shorter harvesting season, and requires little water. They have the potential to be a sustainable replacement for rice and wheat as a new staple meal. It may also help to provide food security for a huge population in the coming years. Lack of product recognition by various government bodies is estimated to be a significant impediment to business development during the forecasted time period. Furthermore, official bodies such as the FDA do not recognize the product's usage in the treatment of chronic disorders. Stringent government rules on medication use, as a result of increased chronic illness cases, are expected to stymie the growth of the coenzyme sector. Millets are becoming more popular as a fuel and food additive because of their increased performance in arid and high-temperature environments. Millets-based items such as flour, flakes, cookies, and so on are becoming more prominent in the consumer market. Because of their high protein content, these grains are good for the vegetarian and vegan populations that live mostly in the United States, Europe, and the Asia Pacific. Breakfast cereals such as flakes and local recipes are increasingly popular among African and Asian populations. Thus, millets-based breakfast foods earned more than USD 2 billion in revenue in 2018 and are expected to have the greatest gains due to an increase in fiber and gluten-free food consumption. Infant foods based on millets, such as porridge, are great for infant growth and will assist to reduce the incidence of malnutrition in infants and babies. Due to the widespread use of packaged biscuits and other bakery products in supermarkets and e-commerce sites (especially in the Asia-Pacific region), they are gradually gaining popularity. Millet beer is a traditional component of African culture, and millet beer production initiatives are also finding a home in the beverage markets of Asia Pacific, Europe, and North America. In the United States, the product is also commonly used as animal and bird fodder.
Import/ Export of Millet across the world:The United States was estimated at US$ 59.9 million which is the leading Exporters of Millet in 2019, Where India was valued at US$ 31.3 million, Ukraine (US$ 16.7Mn), China ($13.3Mn), and France ($12.9Mn). Indonesia was estimated at US$ 32.6 million which is the most prominent importer of Millet in 2019, While, Germany was reached at US$ 12.5 million, Belgium ($11.5Mn), Canada ($7.4Mn), and Netherlands ($7.28 Mn).
Global Millet Market Segment Analysis:Based on Product, the global Millet market is sub-segmented into Pearl, Finger, Proso, Foxtail and Others. The Pearl segment held the largest market share of xx% in 2020 and it is expected to grow at the highest CAGR of 3.2% in the global Millet market during the forecast period. This significant market share is mostly attributable to the high rate of consumption and production. The Pearl Millet is the most common type of millet produced in India. Millets are produced in India at the highest rate in the world. Regular millets are also grown, however, they necessitate the use of insecticides and fertilizers. Organic millets are the most common type of millet used in healthful diets. A growing number of health-conscious clients are creating a profitable market for Organic Millet cultivation. Based on Application, the global Millet market is sub-segmented into Infant Food, Bakery Products, and Beverages. The Infant Food segment held the 2nd largest market share of xx% in 2020. Infant food made from millets, such as porridge, is perfect for market growth and will help to reduce the incidence of malnutrition in babies and infants. Bakery products, such as packaged cookies, are gradually increasing in popularity as a result of their widespread availability in supermarkets, hypermarkets, and e-commerce sites, particularly in Asia Pacific countries.
Global Millet Market Regional Insights:The Asia Pacific dominates the global Millet Market during the forecast period 2021-2027. The Asia Pacific held the largest market share of xx% in 2020. India and China have emerged as the region's leading contributors, thanks to rising personal discretionary incomes, urbanization, and supporting government policies. Rising awareness of the health advantages of millets and their nutritional value will exacerbate millet demand and supply in the future. Another factor boosting the market growth in this region is the rising demand for fiber-rich and gluten-free food products among health-conscious customers. The objective of the report is to present a comprehensive analysis of the global Millet Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Millet Market dynamic, structure by analyzing the market segments and project the global Millet Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Millet Market make the report investor’s guide.
Global Millet Market Scope: Inquire before buying
Global Millet Market, by Region• North America • Europe • Asia Pacific • South America • Middle East and Africa
Global Millet Market Key Players• Cargill • Archer Daniels Midland Company • Wise Seed Company • E.I. DuPont De Nemours and Company • Bayer Crop Science AG • Ernst Conservation Seeds • Brett-Young Seeds Limited • Roundstone Native Seed Company • Janadhanya Farmers Producer Company Limited • Dharani FaM CooP Ltd • Treta Agro (P) Ltd • Sresta Natural Bioproducts Pvt Ltd • Just Organik • Earthon Products Pvt Ltd • Shimla Hills Offerings Pvt. Ltd. • Pristine Organics Pvt Ltd. • Sresta Natural Bioproducts Pvt. Ltd. • Sahaja Samrudha Organic Producer Company Ltd (SSOPCL) • Viruthai Millets Farmer Producer Company Ltd. (VMFP
Frequently Asked Questions:1] What segments are covered in global Millet Market report? Ans. The segments covered in Millet Market report are based on Product, Distribution Channel and Distribution Channel. 2] Which region is expected to hold the highest share in the global Millet Market? Ans. Asia Pacific is expected to hold the highest share in the global Millet Market. 3] What is the market size of global Millet Market by 2027? Ans. The market size of global Millet Market by 2027 is US $ 13.74 Bn. 4] Who are the top key players in the global Millet Market? Ans. Cargill, Archer Daniels Midland Company, Wise Seed Company, E.I. DuPont De Nemours and Company, Bayer Crop Science AG and Ernst Conservation Seeds are the top key players in the global Millet Market. 5] What was the market size of global Millet Market in 2020? Ans. The market size of global Millet Market in 2020 was US $ 9.89 Bn. 6] By Distribution Channel, What segments are covered in global Millet Market report? Ans. The segments covered in global Millet Market report by Application are Infant Food, Bakery Products and Beverages.
1. Global Millet Market: Research Methodology 2. Global Millet Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Millet Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Millet Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Millet Market Segmentation 4.1 Global Millet Market, by Product (2020-2027) • Organic • Conventional 4.2 Global Millet Market, by Application (2020-2027) • Cane • Beet 4.3 Global Millet Market, by Distribution Channel (2020-2027) • Confectionary • Bakery • Beverages • Other (Dairy Processed Food, Frozen Food) 5. North America Millet Market(2020-2027) 5.1 Global Millet Market, by Product (2020-2027) • Organic • Conventional 5.2 Global Millet Market, by Application (2020-2027) • Cane • Beet 5.3 Global Millet Market, by Distribution Channel (2020-2027) • Confectionary • Bakery • Beverages • Other (Dairy Processed Food, Frozen Food) 5.4 North America Millet Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Millet Market (2020-2027) 6.1. Asia Pacific Millet Market, by Product (2020-2027) 6.2. Asia Pacific Millet Market, by Application (2020-2027) 6.2. Asia Pacific Millet Market, by Distribution Channel (2020-2027) 6.2. Asia Pacific Millet Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Millet Market (2020-2027) 7.1 Middle East and Africa Millet Market, by Product (2020-2027) 7.2. Middle East and Africa Millet Market, by Application (2020-2027) 7.2. Middle East and Africa Millet Market, by Distribution Channel (2020-2027) 7.4. Middle East and Africa Millet Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Millet Market (2020-2027) 8.1. Latin America Millet Market, by Product (2020-2027) 8.2. Latin America Millet Market, by Application (2020-2027) 8.2. Latin America Millet Market, by Distribution Channel (2020-2027) 8.4 Latin America Millet Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Millet Market (2020-2027) 9.1. European Millet Market, by Product (2020-2027) 9.2. European Millet Market, by Application (2020-2027) 9.3. European Millet Market, by Distribution Channel (2020-2027) 9.4. European Millet Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Cargill 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Archer Daniels Midland Company 10.3. Wise Seed Company 10.4. E.I. DuPont De Nemours and Company 10.5. Bayer Crop Science AG 10.6. Ernst Conservation Seeds 10.7. Brett-Young Seeds Limited 10.8. Roundstone Native Seed Company 10.9. Janadhanya Farmers Producer Company Limited 10.10. Dharani FaM CooP Ltd 10.11. Treta Agro (P) Ltd 10.12. Sresta Natural Bioproducts Pvt Ltd 10.13. Just Organik 10.14. Earthon Products Pvt Ltd 10.15. Shimla Hills Offerings Pvt. Ltd. 10.16. Pristine Organics Pvt Ltd. 10.17. Sresta Natural Bioproducts Pvt. Ltd. 10.18. Dharmapuri District Minor Millet Farmer Producer Company Limited 10.19. Sahaja Samrudha Organic Producer Company Ltd (SSOPCL) 10.20. Viruthai Millets Farmer Producer Company Ltd. (VMFP)