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Millets Market Size, Share, Global Forecast 2021-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

  • ID: 5459139
  • Report
  • October 2021
  • Region: Global
  • 125 Pages
  • Renub Research

FEATURED COMPANIES

  • Bayer Crop Science AG
  • Cargill
  • Nestlé S.A.
  • NH Foods Ltd
Worldwide, millets are a major source of human food, and their production has been steadily rising in the last decades to meet the dietary demands of the expanding world population. It is a cereal crop generally small-seeded and known for high nutritional value. Millets are an excellent source of essential nutrients like protein, carbohydrates, minerals, fat, bioactive compounds and vitamins. There are nearly 6,000 varieties of millet available all over the world with various colors such as pale white, yellow, grey and red

Global Millets Market is projected to reach US$ 12.1 Billion by 2027


The growing inclination of the urban population towards healthy food coupled with the increasing unsustainable rice and wheat production will drive millets product demand during the forecast period. Opting towards keeping healthy meals to boost immunity, people shifted from having junk foods to eating notorious rich superfoods like millets and derivatives. The rise in consumers demands towards having millets as a healthy option is expected to rise during the forecast period

The transformation in the lifestyle of the consumers has made them more inclined towards healthy food, which is one of the leading causes for the demand for organic millet globally. Organic millets contain a high level of protein and minerals, which helps avoid diseases such as cardiovascular problems, diabetes, and obesity

Global Millets Market Size was US$ 10.3 Billion in 2021


Millet industry is segmented into bakery products, infant food, breakfast food, Beverages, fodder, and others. Millets based infant meals such as porridge is excellent for infant trade growth and will aid in reducing the occurrence of malnutrition in babies and infants. Bakery goods, including packaged wafers, are gradually gaining importance because of their easy accessibility throughout traditional grocery stores, supermarkets and e-commerce sites worldwide

Asia-Pacific is anticipated to retain its position of being the most Significant Region for Millets


Millets play an essential role in food security and the economy in Asia- Pacific. India has the highest millet production globally; India produces all varieties of millets products and processes forms, which are gaining attention from its urban population. Moreover, millets are gaining prominence in Europe and North America due to their breakfast use; it is attributed to the increasing demand for fibre-rich, gluten-free, and hypoglycemic food products among health-conscious consumers

COVID-19 Impact on Worldwide Millet Market


The situation of COVID-19 impacted the millet market in negative ways. Counting the negative side, due to the pressure of repeated lockdowns, the business witnessed a disruption in the labor shortage, supply chain, shutting of small processing units, etc. Since India has the highest millet production globally, there was a severe lockdown in India in 2020. Due to this, millet exports from India suffered a bit for the year 2020. However, we believe the market has improved in 2021, and its forecast looks bright

Key Market Players Continue Focusing on Empowering the Industry Positioning


Companies operating in the millets market such as Archer Daniels Midland Company, Cargill, Bayer Crop Science AG, Nestlé S.A., NH Foods Ltd are focusing on offering services that drive business growth and enhance customer experience. As per our Research findings, Global Millets Market will grow with a CAGR of 2.33% during 2021-2027.

This report Global Millets Market by Product Type (Organic and Regular), Application (bakery products, infant food, breakfast food, Beverages, fodder, and others), Distribution Channels (Trade Associations & organizations, Traditional grocery stores, supermarkets, Online Stores and Others), Region (North America, Europe, Asia - Pacific, Middle East & Africa and South Africa), Company (Archer Daniels Midland Company, Cargill, Bayer Crop Science AG, Nestlé S.A., NH Foods Ltd) )” provides complete details on provides complete details on Global Millets Industry

Product Type - Global Millets Market breakup from 2 viewpoints


1. Organic
2. Regular

Application - Global Millets Market breakup from 6 viewpoints


1. Infant Food
2. Bakery Product
3. Breakfasts
4. Beverages
5. Fodder
6. Others

Distribution Channels - Global Millets Market breakup from 5 viewpoints


1. Trade Associations & organizations
2. Supermarkets
3. Traditional Grocery Stores
4. Online Stores
5. Others

Region - Global Millets Market breakup from 5 viewpoints


1. North America
2. Europe
3. Asia-Pacific
4. Middle East & Africa
5. South Africa

All key players have been covered from 3 viewpoints

  • Overview
  • Recent Developments
  • Financial Insights

Company Analysis


1. Archer Daniels Midland Company
2. Cargill
3. Bayer Crop Science AG
4. Nestlé S.A.
5. NH Foods Ltd
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bayer Crop Science AG
  • Cargill
  • Nestlé S.A.
  • NH Foods Ltd

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Millets Market
6. Market Share - Global Millets Market
6.1 By Product Type
6.2 By Application
6.3 By Distribution Channels
6.4 By Region
7. Product Type - Global Millets Market
7.1 Organic
7.2 Regular
8. Application - Global Millets Market
8.1 Infant Food
8.2 Bakery Product
8.3 Breakfasts
8.4 Beverages
8.5 Fodder
8.6 Others
9. Distribution Channels - Global Millets Market
9.1 Trade Associations & organizations
9.2 Supermarkets
9.3 Traditional Grocery Stores
9.4 Online Stores
9.5 Others
10. Region - Global Millets Market
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East & Africa
10.5 South Africa
11. Key Players
11.1 Archer Daniels Midland Company
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Revenue
11.2 Cargill
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Revenue
11.3 Bayer Crop Science AG
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Revenue
11.4 Nestlé S.A.
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Revenue
11.5 NH Foods Ltd
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Revenue
12.2.3 Revenue
List of FIgures:
Figure-01: Global Millets Market (Million US$), 2016 - 2021
Figure-02: Forecast for - Global Millets Market (Million US$), 2022 - 2027
Figure-03: Product Type - Organic Market (Million US$), 2016 - 2021
Figure-04: Product Type - Forecast for Organic Market (Million US$), 2022 - 2027
Figure-05: Product Type - Regular Market (Million US$), 2016 - 2021
Figure-06: Product Type - Forecast for Regular Market (Million US$), 2022 - 2027
Figure-07: Application - Infant Food Market (Million US$), 2016 - 2021
Figure-08: Application - Forecast for Infant Food Market (Million US$), 2022 - 2027
Figure-09: Application - Bakery Product Market (Million US$), 2016 - 2021
Figure-10: Application - Forecast for Bakery Product Market (Million US$), 2022 - 2027
Figure-11: Application - Break Fasts Market (Million US$), 2016 - 2021
Figure-12: Application - Forecast for Break Fasts Market (Million US$), 2022 - 2027
Figure-13: Application - Beverages Market (Million US$), 2016 - 2021
Figure-14: Application - Forecast for Beverages Market (Million US$), 2022 - 2027
Figure-15: Application - Fodder Market (Million US$), 2016 - 2021
Figure-16: Application - Forecast for Fodder Market (Million US$), 2022 - 2027
Figure-17: Application - Others Market (Million US$), 2016 - 2021
Figure-18: Application - Forecast for Others Market (Million US$), 2022 - 2027
Figure-19: Distribution Channels - Trade Associations & Organizations Market (Million US$), 2016 - 2021
Figure-20: Distribution Channels - Forecast for Trade Associations & Organizations Market (Million US$), 2022 - 2027
Figure-21: Distribution Channels - Supermarkets Market (Million US$), 2016 - 2021
Figure-22: Distribution Channels - Forecast for Supermarkets Market (Million US$), 2022 - 2027
Figure-23: Distribution Channels - Traditional Grocery Stores Market (Million US$), 2016 - 2021
Figure-24: Distribution Channels - Forecast for Traditional Grocery Stores Market (Million US$), 2022 - 2027
Figure-25: Distribution Channels - Online Stores Market (Million US$), 2016 - 2021
Figure-26: Distribution Channels - Forecast for Online Stores Market (Million US$), 2022 - 2027
Figure-27: Distribution Channels - Others Market (Million US$), 2016 - 2021
Figure-28: Distribution Channels - Forecast for Others Market (Million US$), 2022 - 2027
Figure-29: North America - Millets Market (Million US$), 2016 - 2021
Figure-30: North America - Forecast for Millets Market (Million US$), 2022 - 2027
Figure-31: Europe - Millets Market (Million US$), 2016 - 2021
Figure-32: Europe - Forecast for Millets Market (Million US$), 2022 - 2027
Figure-33: Asia Pacific - Millets Market (Million US$), 2016 - 2021
Figure-34: Asia Pacific - Forecast for Millets Market (Million US$), 2022 - 2027
Figure-35: Middle East & Africa - Millets Market (Million US$), 2016 - 2021
Figure-36: Middle East & Africa - Forecast for Millets Market (Million US$), 2022 - 2027
Figure-37: South Africa - Millets Market (Million US$), 2016 - 2021
Figure-38: South Africa - Forecast for Millets Market (Million US$), 2022 - 2027
Figure-39: Archer Daniels Midland Company - Global Revenue (Million US$), 2016 - 2021
Figure-40: Archer Daniels Midland Company - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure-41: Cargill - Global Revenue (Million US$), 2016 - 2021
Figure-42: Cargill - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure-43: Bayer Crop Science AG - Global Revenue (Million US$), 2016 - 2021
Figure-44: Bayer Crop Science AG - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure-45: Nestlé S.A. - Global Revenue (Million US$), 2016 - 2021
Figure-46: Nestlé S.A. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure-47: NH Foods Ltd - Global Revenue (Million US$), 2016 - 2021
Figure-48: NH Foods Ltd - Forecast for Global Revenue (Million US$), 2022 - 2027
List of Tables:
Table-01: Global - Millets Market Share by Product Type (Percent), 2016 - 2021
Table-02: Global - Forecast for Millets Market Share by Product Type (Percent), 2022 - 2027
Table-03: Global - Millets Market Share by Application (Percent), 2016 - 2021
Table-04: Global - Forecast for Millets Market Share by Application (Percent), 2022 - 2027
Table-05: Global - Millets Market Share by Distribution Channels (Percent), 2016 - 2021
Table-06: Global - Forecast for Millets Market Share by Distribution Channels (Percent), 2022 - 2027
Table-07: Global - Millets Market Share by Region (Percent), 2016 - 2021
Table-08: Global - Forecast for Millets Market Share by Region (Percent), 2022 - 2027
Note: Product cover images may vary from those shown
  • Archer Daniels Midland Company
  • Cargill
  • Bayer Crop Science AG
  • Nestlé S.A.
  • NH Foods Ltd
Note: Product cover images may vary from those shown

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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