Report Scope & Overview:
Global Millets Market research provides insights into consumer behavior, industry trends, and market competition through the use of various research techniques, including surveys, interviews, and data analysis. The industry serves a wide range of clients, including businesses, government agencies, and non-profit organizations. Millets Market is highly diverse, with a range of services and specialties, including quantitative and qualitative research, brand research, product testing, customer satisfaction research, and competitive analysis.
Overall, Millets market plays a crucial role in helping businesses and organizations make informed decisions based on data-driven insights. As the demand for data-driven decision-making continues to grow, Millets market research is expected to experience further growth and innovation in the coming years.
Market Dynamics:
Increasing Demand: Demand for millets has been gradually increasing in both developed and developing countries. Millets are believed to be highly nutritious, gluten-free, and have a low glycemic index, making them a popular choice among health-conscious consumers. Furthermore, because to their sustainability and durability, millets are gaining appeal as a viable alternative to wheat, rice, and other staple grains.
Health & Wellness Trend: Growing awareness of the need of a healthy diet, as well as the rising prevalence of lifestyle diseases, have contributed to an increase in demand for millets. Millets are high in fibre, minerals (such as iron, magnesium, and phosphorus), and antioxidants. They are also renowned for their possible health benefits, such as improved digestion, enhanced heart health, and a lower risk of diabetes.
Sustainability and Climate Resilience: Millets are regarded as climate-smart crops because they require less water and are more tolerant of heat, drought, and other unfavourable climatic circumstances than other important cereal crops. Due to their toughness, they are a desirable option for farmers in areas with unpredictable weather and limited water supplies. When compared to resource-intensive crops like rice and wheat, the production of millets also encourages biodiversity and is more environmentally friendly.
Food business and Product Innovation: The food business has begun utilising millets in a number of products after realising their potential. Supermarkets and health food stores are increasingly stocking millet-based goods like flour, flakes, and snacks. The food sector is also investigating the use of millets in beverages, infant food, baked goods, morning cereals, and other products.
Export Potential: Millets can be exported to many countries, especially those where there is a rising market for gluten-free and nutritious food items. For instance, India is one of the biggest producers and exporters of millets, serving Southeast Asian, European, and American markets. Other millet-producing nations have an opportunity to enter the export market as worldwide awareness of millets rises.
Obstacles: Despite the favourable trends, the millets market still has obstacles to overcome. Millets may not be widely adopted because of consumer ignorance and their reputation as traditional or coarse grains. Challenges for farmers and agribusinesses include a lack of processing facilities, value chain connections, and marketing help. Additionally, millets' quality, grading, and certification procedures must be standardised in order to assure consistency and foster consumer confidence.
Global Millets Market: By Company
• Archer Daniels Midland Company
• Cargill, Inc.
• Bunge Limited
• Bayer Crop Science AG
• Wise Seed Company, Inc.
• Ardent Mills
• E.I Dupont De Nemours and Company
• Brett-Young Seeds Limited
• Ernst Conservation Seeds
• Roundstone Native Seed Company
• Glanbia Nutritionals Inc
Global Millets Market: By Type
• Pearl Millet
• Finger Millet
• Proso Millet
• Foxtail Millet
• Others
Global Millets Market: By Application
• Bakery
• Beverages
• Breakfast Foods
• Fodder
• Others
Global Millets Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Millets market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
| Repot Attribute/Metric | Details |
| Market Size Value in 2022 | USD 11.02 billion |
| Projected Market Size 2030 | USD 13.80 billion |
| Compound Annual Growth Rate (CAGR) | 4.60% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Historical Data | 2018-2022 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| By Type | • Pearl Millet • Finger Millet • Proso Millet • Foxtail Millet • Others |
| By Application | • Bakery • Beverages • Breakfast Foods • Fodder • Others |
| Key Companies Profiled | • Archer Daniels Midland Company • Cargill, Inc. • Bunge Limited • Bayer Crop Science AG • Wise Seed Company, Inc. • Ardent Mills • E.I Dupont De Nemours and Company • Brett-Young Seeds Limited • Ernst Conservation Seeds • Roundstone Native Seed Company • Glanbia Nutritionals Inc |
| Regions and Key Countries Covered | U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America |
| Customization Scope | Available on Request |
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Overall, market research reports provide businesses and organizations with valuable information that can help them make informed decisions and stay competitive in their industry. They can provide a solid foundation for business planning, strategy development, and decision-making.
Objectives of Millets Market Study:
The objectives of Millets market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Millets market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Overall, the objectives of Millets market research report are to provide businesses and organizations with valuable insights and data-driven recommendations that can help them make informed business decisions and stay competitive in their industry.
Frequently Asked Questions
The millets market faces several challenges, including limited awareness among consumers, limited availability and accessibility in certain regions, and the need for infrastructure development to support millet cultivation, processing, and distribution. Additionally, the perception of millets as traditional or coarse grains may impact their acceptance in some market segments.
Leading players in the millets market employ various strategies to stay competitive, including product diversification, acquisitions, partnerships with farmers or cooperatives, investment in research and development, and marketing campaigns to raise awareness about millets and their benefits.
There are several opportunities for new entrants in the millets market. These include developing innovative millet-based products, targeting niche consumer segments, exploring export markets, and collaborating with farmers and local communities to establish sustainable and traceable supply chains.
The millets market can be segmented based on geography, with regions like Asia, Africa, and parts of Europe and North America being major markets for millets. Additionally, segmentation can also be done based on millet types, end-use industries, distribution channels, and consumer preferences.
The millets market is expected to evolve positively in the future, driven by factors such as increasing consumer demand for healthy and sustainable food options, ongoing research and development efforts to create innovative millet products, and favorable government policies promoting millet cultivation and consumption. The market is also likely to benefit from growing collaborations and partnerships across the millet value chain to enhance production, processing, and distribution capabilities.
TABLE OF CONTENT
1.1 Product Definition
1.2 Millets Segment by Type
1.2.1 Global Millets Market Value Growth Rate Analysis by Type 2023 VS 2032
1.2.2 Pearl Millet
1.2.3 Finger Millet
1.2.4 Proso Millet
1.2.5 Foxtail Millet
1.2.6 Others
1.3 Millets Segment by Application
1.3.1 Global Millets Market Value Growth Rate Analysis by Application: 2023 VS 2032
1.3.2 Bakery
1.3.3 Beverages
1.3.4 Breakfast Foods
1.3.5 Fodder
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Millets Production Value Estimates and Forecasts (2017-2032)
1.4.2 Global Millets Production Capacity Estimates and Forecasts (2017-2032)
1.4.3 Global Millets Production Estimates and Forecasts (2017-2032)
1.4.4 Global Millets Market Average Price Estimates and Forecasts (2017-2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Millets Production Market Share by Manufacturers (2017-2023)
2.2 Global Millets Production Value Market Share by Manufacturers (2017-2023)
2.3 Global Key Players of Millets, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Millets Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Millets Average Price by Manufacturers (2017-2023)
2.6 Global Key Manufacturers of Millets, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Millets, Product Offered and Application
2.8 Global Key Manufacturers of Millets, Date of Enter into This Industry
2.9 Millets Market Competitive Situation and Trends
2.9.1 Millets Market Concentration Rate
2.9.2 Global 5 and 10 Largest Millets Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Millets Production by Region
3.1 Global Millets Production Value Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.2 Global Millets Production Value by Region (2017-2032)
3.2.1 Global Millets Production Value Market Share by Region (2017-2023)
3.2.2 Global Forecasted Production Value of Millets by Region (2023-2032)
3.3 Global Millets Production Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.4 Global Millets Production by Region (2017-2032)
3.4.1 Global Millets Production Market Share by Region (2017-2023)
3.4.2 Global Forecasted Production of Millets by Region (2023-2032)
3.5 Global Millets Market Price Analysis by Region (2017-2023)
3.6 Global Millets Production and Value, Year-over-Year Growth
3.6.1 North America Millets Production Value Estimates and Forecasts (2017-2032)
3.6.2 Europe Millets Production Value Estimates and Forecasts (2017-2032)
3.6.3 China Millets Production Value Estimates and Forecasts (2017-2032)
3.6.4 Japan Millets Production Value Estimates and Forecasts (2017-2032)
4 Millets Consumption by Region
4.1 Global Millets Consumption Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
4.2 Global Millets Consumption by Region (2017-2032)
4.2.1 Global Millets Consumption by Region (2017-2023)
4.2.2 Global Millets Forecasted Consumption by Region (2023-2032)
4.3 North America
4.3.1 North America Millets Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.3.2 North America Millets Consumption by Country (2017-2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Millets Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.4.2 Europe Millets Consumption by Country (2017-2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Millets Consumption Growth Rate by Region: 2018 VS 2023 VS 2032
4.5.2 Asia Pacific Millets Consumption by Region (2017-2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Millets Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.6.2 Latin America, Middle East & Africa Millets Consumption by Country (2017-2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Millets Production by Type (2017-2032)
5.1.1 Global Millets Production by Type (2017-2023)
5.1.2 Global Millets Production by Type (2023-2032)
5.1.3 Global Millets Production Market Share by Type (2017-2032)
5.2 Global Millets Production Value by Type (2017-2032)
5.2.1 Global Millets Production Value by Type (2017-2023)
5.2.2 Global Millets Production Value by Type (2023-2032)
5.2.3 Global Millets Production Value Market Share by Type (2017-2032)
5.3 Global Millets Price by Type (2017-2032)
6 Segment by Application
6.1 Global Millets Production by Application (2017-2032)
6.1.1 Global Millets Production by Application (2017-2023)
6.1.2 Global Millets Production by Application (2023-2032)
6.1.3 Global Millets Production Market Share by Application (2017-2032)
6.2 Global Millets Production Value by Application (2017-2032)
6.2.1 Global Millets Production Value by Application (2017-2023)
6.2.2 Global Millets Production Value by Application (2023-2032)
6.2.3 Global Millets Production Value Market Share by Application (2017-2032)
6.3 Global Millets Price by Application (2017-2032)
7 Key Companies Profiled
7.1 Archer Daniels Midland Company
7.1.1 Archer Daniels Midland Company Millets Corporation Information
7.1.2 Archer Daniels Midland Company Millets Product Portfolio
7.1.3 Archer Daniels Midland Company Millets Production, Value, Price and Gross Margin (2017-2023)
7.1.4 Archer Daniels Midland Company Main Business and Markets Served
7.1.5 Archer Daniels Midland Company Recent Developments/Updates
7.2 Cargill, Inc.
7.2.1 Cargill, Inc. Millets Corporation Information
7.2.2 Cargill, Inc. Millets Product Portfolio
7.2.3 Cargill, Inc. Millets Production, Value, Price and Gross Margin (2017-2023)
7.2.4 Cargill, Inc. Main Business and Markets Served
7.2.5 Cargill, Inc. Recent Developments/Updates
7.3 Bunge Limited
7.3.1 Bunge Limited Millets Corporation Information
7.3.2 Bunge Limited Millets Product Portfolio
7.3.3 Bunge Limited Millets Production, Value, Price and Gross Margin (2017-2023)
7.3.4 Bunge Limited Main Business and Markets Served
7.3.5 Bunge Limited Recent Developments/Updates
7.4 Bayer Crop Science AG
7.4.1 Bayer Crop Science AG Millets Corporation Information
7.4.2 Bayer Crop Science AG Millets Product Portfolio
7.4.3 Bayer Crop Science AG Millets Production, Value, Price and Gross Margin (2017-2023)
7.4.4 Bayer Crop Science AG Main Business and Markets Served
7.4.5 Bayer Crop Science AG Recent Developments/Updates
7.5 Wise Seed Company, Inc.
7.5.1 Wise Seed Company, Inc. Millets Corporation Information
7.5.2 Wise Seed Company, Inc. Millets Product Portfolio
7.5.3 Wise Seed Company, Inc. Millets Production, Value, Price and Gross Margin (2017-2023)
7.5.4 Wise Seed Company, Inc. Main Business and Markets Served
7.5.5 Wise Seed Company, Inc. Recent Developments/Updates
7.6 Ardent Mills
7.6.1 Ardent Mills Millets Corporation Information
7.6.2 Ardent Mills Millets Product Portfolio
7.6.3 Ardent Mills Millets Production, Value, Price and Gross Margin (2017-2023)
7.6.4 Ardent Mills Main Business and Markets Served
7.6.5 Ardent Mills Recent Developments/Updates
7.7 E.I Dupont De Nemours and Company
7.7.1 E.I Dupont De Nemours and Company Millets Corporation Information
7.7.2 E.I Dupont De Nemours and Company Millets Product Portfolio
7.7.3 E.I Dupont De Nemours and Company Millets Production, Value, Price and Gross Margin (2017-2023)
7.7.4 E.I Dupont De Nemours and Company Main Business and Markets Served
7.7.5 E.I Dupont De Nemours and Company Recent Developments/Updates
7.8 Brett-Young Seeds Limited
7.8.1 Brett-Young Seeds Limited Millets Corporation Information
7.8.2 Brett-Young Seeds Limited Millets Product Portfolio
7.8.3 Brett-Young Seeds Limited Millets Production, Value, Price and Gross Margin (2017-2023)
7.8.4 Brett-Young Seeds Limited Main Business and Markets Served
7.7.5 Brett-Young Seeds Limited Recent Developments/Updates
7.9 Ernst Conservation Seeds
7.9.1 Ernst Conservation Seeds Millets Corporation Information
7.9.2 Ernst Conservation Seeds Millets Product Portfolio
7.9.3 Ernst Conservation Seeds Millets Production, Value, Price and Gross Margin (2017-2023)
7.9.4 Ernst Conservation Seeds Main Business and Markets Served
7.9.5 Ernst Conservation Seeds Recent Developments/Updates
7.10 Roundstone Native Seed Company
7.10.1 Roundstone Native Seed Company Millets Corporation Information
7.10.2 Roundstone Native Seed Company Millets Product Portfolio
7.10.3 Roundstone Native Seed Company Millets Production, Value, Price and Gross Margin (2017-2023)
7.10.4 Roundstone Native Seed Company Main Business and Markets Served
7.10.5 Roundstone Native Seed Company Recent Developments/Updates
7.11 Glanbia Nutritionals Inc
7.11.1 Glanbia Nutritionals Inc Millets Corporation Information
7.11.2 Glanbia Nutritionals Inc Millets Product Portfolio
7.11.3 Glanbia Nutritionals Inc Millets Production, Value, Price and Gross Margin (2017-2023)
7.11.4 Glanbia Nutritionals Inc Main Business and Markets Served
7.11.5 Glanbia Nutritionals Inc Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Millets Industry Chain Analysis
8.2 Millets Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Millets Production Mode & Process
8.4 Millets Sales and Marketing
8.4.1 Millets Sales Channels
8.4.2 Millets Distributors
8.5 Millets Customers
9 Millets Market Dynamics
9.1 Millets Industry Trends
9.2 Millets Market Drivers
9.3 Millets Market Challenges
9.4 Millets Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Archer Daniels Midland Company
Cargill, Inc.
Bunge Limited
Bayer Crop Science AG
Wise Seed Company, Inc.
Ardent Mills
E.I Dupont De Nemours and Company
Brett-Young Seeds Limited
Ernst Conservation Seeds
Roundstone Native Seed Company
Glanbia Nutritionals Inc
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