Millets Market to reach US$ 14,026.3 million and Growing at a CAGR of 4.6% during forecast period 2021-2027

Millets Market to reach US$ 14,026.3 million and Growing at a CAGR of 4.6% during forecast period 2021-2027
The Insight Partners adds “Millets Market Forecast to 2027 – COVID-19 Impact and Global Analysis” to its store providing analysis of the current and future market competition in the market. Insightful review of the key industry drivers, opportunities, barriers and challenges. Each trend is independently researched to provide qualitative analysis of its implications.

The millets market was valued at US$ 9,407.8 million in 2018 and is expected to grow at a CAGR of 4.6% from 2019 to 2027 to reach US$ 14,026.3 million by 2027.

Millets are small-seeded grasses widely grown across the world as cereal crops or grains for fodder and human food. Various types of millet crops such as sorghum, finger millet, pearl millet, barnyard millet, proso millet, and little millet are grown across the globe. These crops are grown in semiarid tropical regions as they are highly drought tolerant in nature. For centuries, millets have served as a major staple food in Asia and Africa. Millets are no gluten food and are rich in nutrients such as copper, magnesium, phosphorus, and manganese. The rich nutritional content in the millets helps in maintaining a healthy life. Millets are an ideal food for people suffering from chronic diseases such as diabetes and heart diseases. Millets are rich in fiber, which helps in digestion and can relieve bowel issues. Regular consumption of millets helps in preventing gastrointestinal problems and other diseases related to kidney and liver.


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Key Companies profiled in this report are: Dharani FaM CooP Ltd, Dharmapuri District Minor Millet Farmer Producer Company Limited, Earthon Products Pvt Ltd, Janadhanya, Just Organik, Pristine Organics Pvt Ltd., Sahaja Samrudha Organic Producer Company Ltd (SSOPCL), Shimla Hills Offerings Pvt. Ltd, Sresta Natural Bioproducts Pvt. Ltd., Viruthai Millets Farmer Producer Company Ltd. (VMFPCL)

Europe is expected to grow at the highest CAGR of 5.4% during the forecast period. Several domestic and international companies have a strong foothold in North America. The western part of Europe is known for its better standards of living, with people displaying a higher income level. It is one of the wealthiest regions on the European continent, with per capita Gross Domestic Product (GDP) more than the other parts. The European consumer displays variations in preferences and reflects economic status, culinary practices, and consumption habits of different countries. Europe is a well-established and mature market for millets.

 Impact of COVID 19 on Global Millets Market:

COVID 19 outbreak first began in Wuhan (China) during December 2019, and since then it has spread across the globe at a fast pace.China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst affected countries in terms confirmed cases and reported deaths as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemical and materials industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak.For instance, China is the global hub of manufacturing and the largest raw material supplier for various industries. The overall market break down due to COVID-19 is also affecting the market growth of millets due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

Market Segmentation:

Global MilletsMarket – By Product

  • Organic
  • Regular

Global Millets Market – By Application 

  • Infant Food
  • Bakery Food
  • Breakfast Foods
  • Beverages
  • Fodder
  • Others

Global MilletsMarket – By Distribution Channel

  • Supermarkets and Hypermarkets
  • Grocery Stores
  • Online Stores
  • Others

Major highlights of the report:

  • An all-inclusive evaluation of the parent market
  • The evolution of significant market aspects
  • Industry-wide investigation of market segments
  • Assessment of the market value and volume in the past, present, and forecast years
  • Market share evaluation
  • Study of niche industrial sectors
  • Tactical approaches of the market leaders
  • Lucrative strategies to help companies strengthen their position in the market.

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The last report will likewise be including a devoted area for the effect of the COVID-19 pandemic on the development of the Co-based Superalloy market alongside future expectations. Likewise, our group will be accessible for any sort of help to our customers nonstop.

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