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.
Download Sample Pages of this research study at –https://www.theinsightpartners.com/sample/TIPRE00007550/
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.
Global MilletsMarket – By Product
Global Millets Market – By Application
- Infant Food
- Bakery Food
- Breakfast Foods
Global MilletsMarket – By Distribution Channel
- Supermarkets and Hypermarkets
- Grocery Stores
- Online Stores
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.
Directly Purchase a copy of this research study at –https://www.theinsightpartners.com/buy/TIPRE00007550/
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.
As per your requirement, The Insight Partners presents the customization of reports. This report can be embodied to satisfy your needs.
The Insight Partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Our research model is very simple. We believe in client servicing and delivering best quality to our customers. Through our research content, we are making sure that our customers get value of their money along with better quality data and analysis.
Our research content is majorly focused towards market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis etc. We provide detailed break-up of segmentation in terms of geography, technology, product and services etc.; which helps our clients to get a deeper analysis on various research topics.
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email