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Millet and Sorghum Ancient Grains Market - Forecast (2020 - 2025)

  • ID: 4425263
  • Report
  • March 2020
  • Region: Global
  • 105 pages
  • IndustryARC
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Millet and Sorghum Ancient Grains Market Overview

The global Millet Ancient Grains market is estimated to surpass $9.3 billion by 2022, declining at a CAGR of 1.8% during the forecast period. The global sorghum market, on the other hand, is poised to witness significant growth owing to the change in lifestyles of consumers coupled with the rise in demand for healthy and nutritious food. The RoW region evolved as the largest market for millet and sorghum ancient grains as the market is more prevalent in the African region.

Millet and Sorghum Ancient Grains Market Outlook

Ancient grains are defined as grains that have largely remained unchanged over several hundred years. Millet is one of the earliest cultivated crops and is a staple crop in Africa, China, and India. Millet is high in magnesium. Whole cooked millet can be served as a side dish or added to soups. When popped, it can be eaten as a snack. Millet flour can be used in baking. Sorghum is a staple crop in Asia and West Africa and is grown in many countries including the U.S., India, and Nigeria. It is the world’s fifth most important cereal crop. Nutritionally, Sorghum is high in fiber, protein, and b-complex vitamins.

Increasing innovations in value-added products prepared from sorghum and millet is one of the key factors that is driving the millet and sorghum ancient grains market. The growing demand for gluten-free products in emerging countries such as china, India, and others is propelling the global millet and sorghum ancient grains market. Rise in developments and applications of ancient grains in brewing and starch industries are expected to create opportunities for the global millet and sorghum ancient grains market during the forecast period.

This report provides an in-depth analysis of the millet and sorghum ancient grains market by ancient grain type, application, and geography.

The millet ancient grains market in RoW was valued at $4.78 billion in 2017 and is estimated to reach $3.88 billion by 2022, declining at a CAGR of 4.1% during the forecast period. In some countries of the Middle East region, millet is sown as a catch crop when sowing conditions for the main crop are unfavorable. However, even in such situations, millet is sometimes left unharvested and the area simply grazed by livestock. The sorghum ancient grains market in RoW, on the other hand, was valued at $9.24 billion in 2017 and is projected to reach $9.94 billion by 2022, growing at a CAGR of 1.5% during the forecast period.

Millet and Sorghum Ancient Grains Market Growth Drivers

The demand for ancient grains is gaining traction owing to their health benefits and richness in proteins. Rapid urbanization and increase in health consciousness among consumers are expected to surge the demand for millet and sorghum flour during the forecast period. Ancient grains such as millet and sorghum are safe to eat for those who are suffering from Celiac disease and other chronic diseases. Low cost requirements for the farming of millets and sorghum are also set to drive the market. The demand for dry land crop residues such as millets and sorghum is increasing the market value globally.

Millet and Sorghum Ancient Grains Market Challenges

Global climatic changes and land degradation problems are hindering the growth of the market

Poor outreach in terms of sorghum and millet among customers

High transportation costs and large variability of tradable volumes

Non-availability of ready to use or easy to cook foods from millets in the market

Millet and Sorghum Ancient Grains Market

Millet and Sorghum Ancient Grains Market Research Scope

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the grains in millet and sorghum ancient grains market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of millet and sorghum ancient grains, and their specific applications in different industries.

Millet and Sorghum Ancient Grains Market Report: Industry Coverage

Ancient Grain Type of Millet and Sorghum Ancient Grains: Millet and sorghum

Applications of Millet and Sorghum Ancient Grains: Bakery & confectionary, sports nutrition, infant formula, cereals, animal feed, and others

Millet and Sorghum Ancient Grains market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

  • Americas: The U.S., Canada, Mexico, Brazil, Venezuela, Argentina, and Rest of Americas
  • Europe: The U.K., Germany, Italy, France, Spain, Russia, Ukraine and Rest of Europe
  • APAC: China, Australia, South Korea, India and Rest of APAC
  • Rest of the World: The Middle East and Africa

Millet and Sorghum Ancient Grains Market Key Players Perspective

Some of the key players mentioned in this report are Cargill Inc., Bunge Limited, CHS Inc., Archer Daniels Midland Company, and Louis Dreyfus Company.

Millet and Sorghum Ancient Grains Market Trends

  • Rising promotion of sorghum and millets usage in the biofuel sector provides significant opportunities for the growth of the millet and sorghum ancient grains market.
  • Innovative value added products prepared from sorghum and millet grains are set to provide new opportunities for food product manufacturers.
  • Growing developments and applications of sorghum and millet in beer brewing and starch preparations to provide opportunities in coming future.
  • Increasing demand for niche gluten free products is providing opportunities for millet and sorghum providers.
Note: Product cover images may vary from those shown
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1. Millet and Sorghum Ancient Grains Market - Overview
1.1. Definitions and Scope

2. Millet and Sorghum Ancient Grains Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography

3. Millet and Sorghum Ancient Grains Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis

4. Millet and Sorghum Ancient Grains Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes

5. Millet and Sorghum Ancient Grains Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share

6. Millet and Sorghum Ancient Grains Market – By Ancient Grain Type (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Millet
6.3.2. Sorghum

7. Millet and Sorghum Ancient Grains Market – By Application (Market Size -$Million / $Billion)
7.1. Bakery & Confectionary
7.2. Sports Nutrition
7.3. Infant Formula
7.4. Cereals
7.5. Animal Feed
7.6. Others

8. Millet and Sorghum Ancient Grains - By Geography (Market Size -$Million / $Billion)
8.1. Millet and Sorghum Ancient Grains Market - North America Segment Research
8.2. North America Market Research (Million / $Billion)
8.2.1. Segment type Size and Market Size Analysis
8.2.2. Revenue and Trends
8.2.3. Application Revenue and Trends by type of Application
8.2.4. Company Revenue and Product Analysis
8.2.5. North America Product type and Application Market Size
8.2.5.1. U.S.
8.2.5.2. Canada
8.2.5.3. Mexico
8.2.5.4. Rest of North America
8.3. Millet and Sorghum Ancient Grains - South America Segment Research
8.4. South America Market Research (Market Size -$Million / $Billion)
8.4.1. Segment type Size and Market Size Analysis
8.4.2. Revenue and Trends
8.4.3. Application Revenue and Trends by type of Application
8.4.4. Company Revenue and Product Analysis
8.4.5. South America Product type and Application Market Size
8.4.5.1. Brazil
8.4.5.2. Venezuela
8.4.5.3. Argentina
8.4.5.4. Ecuador
8.4.5.5. Peru
8.4.5.6. Colombia
8.4.5.7. Costa Rica
8.4.5.8. Rest of South America
8.5. Millet and Sorghum Ancient Grains - Europe Segment Research
8.6. Europe Market Research (Market Size -$Million / $Billion)
8.6.1. Segment type Size and Market Size Analysis
8.6.2. Revenue and Trends
8.6.3. Application Revenue and Trends by type of Application
8.6.4. Company Revenue and Product Analysis
8.6.5. Europe Segment Product type and Application Market Size
8.6.5.1. U.K
8.6.5.2. Germany
8.6.5.3. Italy
8.6.5.4. France
8.6.5.5. Netherlands
8.6.5.6. Belgium
8.6.5.7. Spain
8.6.5.8. Denmark
8.6.5.9. Rest of Europe
8.7. Millet and Sorghum Ancient Grains – APAC Segment Research
8.8. APAC Market Research (Market Size -$Million / $Billion)
8.8.1. Segment type Size and Market Size Analysis
8.8.2. Revenue and Trends
8.8.3. Application Revenue and Trends by type of Application
8.8.4. Company Revenue and Product Analysis
8.8.5. APAC Segment – Product type and Application Market Size
8.8.5.1. China
8.8.5.2. Australia
8.8.5.3. Japan
8.8.5.4. South Korea
8.8.5.5. India
8.8.5.6. Taiwan
8.8.5.7. Malaysia

9. Millet and Sorghum Ancient Grains Market - Entropy
9.1. New product launches
9.2. M&A's, collaborations, JVs and partnerships

10. Millet and Sorghum Ancient Grains Market Company Analysis
10.1. Market Share, Company Revenue, Products, M&A, Developments
10.2. Cargill Inc.
10.3. Bunge Limited
10.4. CHS Inc.
10.5. Archer Daniels Midland Company
10.6. Louis Dreyfus Company

11. Millet and Sorghum Ancient Grains Market -Appendix
11.1. Abbreviations
11.2. Sources
Note: Product cover images may vary from those shown
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