Pune, 14, April, 2023: Maximize Market Research, a Food & Beverages business research firm has published a report on the “Millet Market”. The total market opportunity for Millet was USD 10.86 Bn in 2022 and is expected to grow at 4.82 percent CAGR through the forecast period to reach USD 15.11 Bn by 2029.
Millet Market Report Scope and Research Methodology
The report includes a clear representation of a comprehensive analysis of the Millet industry. It includes a competitive analysis of the Millet key players by Product Type, growth strategies, financial position and regional presence. The report includes a detailed analysis of drivers, restraints, opportunities and challenges along with the list of market players in the Millet industry. It also provides historical data from 2017 to 2021, which helps to forecast the potential of the Millet market from 2023-2029. The segment-wise and region-wise analysis of the market dynamics, market size and share make the Millet market report an investor’s guide. The bottom-up approach was used to estimate the regional and global Millet market size. SWOT analysis was employed to present strengths, weaknesses, opportunities and threats of the Millet key competitors in the industry while PORTER, PESTLE analysis was employed to understand the potential impact of micro-economic factors of the Millet Market.
Millet Market Dynamics
The Millet Market growth is expected to be driven by the increasing awareness about health benefits amongst the urban population. The demand for organic millet is majorly driven by the change in consumer lifestyle. In many regions, the promotional intervention by the government for millets is creating many growth opportunities for the millet market. The major restraining factor for the growth of the market is the lack of access to quality seeds resulting in low consumption levels of millets.
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Millet Market Regional Insights
The Millet Market in the Asia Pacific region is expected to grow at a high rate during the forecast period. In the region, India has the largest millet production in the world. India accounts for around 20 percent of the global export value of millets. The yields of millets are also increasing gradually in China.
Millet Market Segmentation
By Product Type
- Finger Millet
- Pearl Millet
- Kodo Millet
- Foxtail Millet
- Proso Millet
- Barnyard Millet
- Little Millet
By Application
- Bread goods,
- Alcoholic and non-alcoholic beverages
- Breakfast foods
- Infant food
By Distribution Channel
- Super And Hypermarkets
- Grocers
- Online Retailers
- Others
Millet Key Competitors include:
- Cargill (US)
- Archer Daniels Midland Company (US)
- Seedway, LLC. (US)
- Ernst Conservation Seeds (US)
- Eastern Colorado Seeds, LLC (US)
- Roundstone Native Seed Company (US)
- Allied Seed, LLC (US)
- Janadhanya Farmers Producer Company Limited (India)
- Sresta Natural Bioproducts Pvt Ltd (India)
- Just Organik (India)
- Earthon Products Pvt Ltd (India)
- Shimla Hills Offerings Pvt. Ltd. (India)
- Pristine Organics Pvt Ltd. (India)
- Sahaja Samrudha Organic Producer Company Ltd (SSOPCL) (India)
- Viruthai Millets Farmer Producer Company Ltd. (India)
- Crystal Crop Protection Pvt. Ltd. (India)
- DUGAD Agro Foods (India)
- Croda International Plc (UK)
- Nestlé S.A. (Switzerland)
- NH Foods Ltd (Japan)
- Bayer Crop Science AG (Germany)
- BASF SE (Germany)
- Mirfak Pty Ltd, Nuts in Bulk (Australia)
- RR Agroflorestal LTDA (Brazil)
- Kerry Group plc (Ireland)
- BrettYoung (canada)
Table of Content for Millet Market:
- Global Millet Market: Research Methodology
- Global Millet Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Millet Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Millet Market Segmentation
- Global Market, by Product Type (2021-2029)
- Global Market, by Application (2021-2029)
- Global Market, by Distribution Channel (2021-2029)
- Regional Millet Market (2021-2029)
- Regional Market, by Product Type (2021-2029)
- Regional Market, by Application (2021-2029)
- Regional Market, by Distribution Channel (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/105674
Key questions answered in the Millet Market are:
- What is Millet?
- What was the Millet Market size in 2021?
- What is the expected Millet Market size by the end of the forecast period?
- What are the global trends in the Millet Market?
- What are the upcoming industry Distribution Channels and trends for the Millet Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Millet Market?
- How is the intervention from regulatory authority shaping the Millet Market?
- What growth strategies are the players considering to increase their presence in Millet?
- Who are the leading companies and what are their portfolios in Millet Market?
- What are the major challenges that the Millet Market could face in the future?
- Who held the largest 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 Product Type, Application, Distribution Channel 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
Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:
Grain Analysis Market – The market size is expected to reach USD 4.39 billion by 2029 at a CAGR of 5.8 percent during the forecast period. The market is expected to be driven by the increasing technological advancement for grain testing.
Spring Wheat Seeds Market – The market size is expected to reach USD 3.50 billion by 2029 at a CAGR of 4.51 percent during the forecast period. The market is expected to be driven by increasing health concerns and a growing population.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical Distribution Channel, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical Distribution Channels and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Distribution Channelion and demand analysis, and client impact studies.
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