The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Millets. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Millets Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Millets market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Millets
This newly published and insightful report sheds light on Market Insights of Millets, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Millets Market.
Demand for millets will register a steady CAGR of 5.3% during the forecast period (2017 to 2022). Global millets market is anticipated to sell over US$ 13,500 Mn worth across the globe by 2022-end.
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|Region||North AmericaLatin AmericaEuropeJapanAPEJMEA|
|Product Type||Pearl MilletFinger MilletProso MilletFoxtail MilletOthers (Japanese barnyard millet, Kodo millet, etc.)|
|Application||FlourDirect ConsumptionBakery productsAlcoholic BeveragesNon Alcoholic BeveragesBreakfast FoodsFodderOther Application|
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
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Fact.MR’s report identifies key player contributing to expansion of the global millets market, which include
- Archer Daniels Midland Company
- Cargill Inc.
- Bayer Crop Science AG
- Wise Seed Company Inc.
- E.I. DuPont De Nemours and Company
- Brett-Young Seeds Limited
- Ernst Conservation Seeds
- Roundstone Native Seed Company
Dominance of Pearl Millets among Product Types to Remain Unchallenged
On the basis of product type, dominance of pearl millets will remain unchallenged throughout the forecast period. Pearl millets adapt well to extremely hot climatic conditions, and are resistant to draught conditions. Sales of proso millets are also expected gain momentum, owing to their property of lowest water necessity. Compared to all the product variants of millets, foxtail millets will witness the fastest expansion in sales through 2022.
While modern trade and specialty stores are anticipated to remain the major distribution channels for millets, their sales in online stores and traditional grocery stores are expected to witness a relatively faster expansion through 2022, Between online stores and traditional grocery stores, although the former will represent faster expansion in millet sales, the latter will account for a higher revenue share of the market through 2022.
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More Valuable Insights on Millets Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Millets, Sales and Demand of Millets, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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