Energy & Power / Millets Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players Archer Daniels Midland Company, Cargill, Inc., Bunge Limited, Bayer Crop Science AG, Wise Seed Company, Inc.
Millets Market - Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players Archer Daniels Midland Company, Cargill, Inc., Bunge Limited, Bayer Crop Science AG, Wise Seed Company, Inc.
Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Millets Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 4.8% during the review period (2022 to 2027).
Millets Market Overview
Rising personal disposable income and increasing awareness about the health benefits of food products with nutritional content such as millets are the major factors fostering the growth of millets market. Rising unsustainable nature of rice and wheat production is another important factor acting as a millets market growth determinant. High demand of fibrous food for breakfast meals and high gluten free food consumption will further create lucrative growth opportunities for the millets market. Growth and expansion of e-commerce sector especially in the developing economies will induce growth in the millets market value. Changing lifestyle and increasing prevalence of cardiovascular problems such as diabetes and obesity will also induce growth in the demand for millets.
However, high product costs related to consumable millets will pose a major challenge to the growth of millets market. Rising availability of substitutes in the market will further derail the millets market growth rate. Limited shelf life will also hamper the millets market growth rate.
Who are the Major Players in Millets Market?
Top Key players in the Millets Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The companies referred in the market research report includes 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
10/13/21- ST. LOUIS Bunge Limited (NYSE: BG) today announced that it has agreed to sell its seven Mexico wheat mills to Grupo Trimex. The completion of the sale is subject to customary closing conditions, including regulatory approval.
“Bunge is most effective when we operate our value chains end-to-end, collaborating closely with our farmers and customers. The wheat milling business in Mexico is not fully integrated in the way that is critical to successfully serving our customers in line with our long-term sustainable and strategic goals,” said Bunge CEO Greg Heckman. “We believe selling the business to a well-respected wheat miller will provide a great opportunity for our employees as well as our customers.
What are the major Applications, Types and Regions for MilletsMarket?
By Type, it is segmented into
Pearl Millet
Finger Millet
Proso Millet
Foxtail Millet
Others
By Applications
Bakery
Beverages
Breakfast Foods
Fodder
Others
Millets Market Regional Analysis
Asia-Pacific spearheads the millets market and will continue to flourish its trend of dominance during the forecast period. India and China have emerged to become the major contributors from this region owing to the increasing personal disposable incomes, growing urbanization, and supportive government policies. Rising awareness about the health benefits of millets and its nutritional content will further aggravate the demand and supply of millets in the future. Increasing demand for fibre-rich and gluten-free food products among health-conscious consumers is another factor bolstering the growth of market in this region.
All these factors greatly affect the Millets Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Millets Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Millets Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Millets Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 4.8 % during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Healthcare IT Report
Evaluate Millets Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Millets Market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Millets Market is studied from 2017 - 2027.
What is the growth rate of Millets Market?
The Millets Market is growing at a CAGR of 4.8% over the next 5 years.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
