Global Millets Market Report 2017: Dominance of Pearl Millets among Product Types to Remain Unchallenged

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of global millets market. The study is titled as “Millets Market Research Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global millets market.

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Steady Expansion Anticipated for Global Millets Markets During 2017 to 2022

A recent report published by Fact.MR projects the global millets market to reflect a steady growth over the forecast period (2017-2022). Revenues from sales of millets across the globe is forecast to increase from over US$ 10,000 Mn in 2017 to exceed US$ 13,500 Mn by 2022-end. Millets play an indispensable role in the economy and food security of several countries, especially in the regions of Asia-Pacific excluding Japan (APEJ)

The global market is currently teeming with millet-based food products such as pasta or ragi biscuits, and noodles prepared from barnyard millet. Several new startups focused on production of millet-based food products are entering into the market. With the rise in awareness among consumers demand for these products is gaining traction, particularly in semi-arid regions that have minimal access to water resources. Key players in the global millet market are conducting training programs for farmers, providing them with knowledge and measures for increasing millet cultivation.

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.

Sales of Millets for Bakery Products and Direct Consumption to Exhibit Nearly Similar CAGRs through 2022

Based on application, revenues from sales of flour millets will remain the largest in the global market. Sales of millets for direct consumption and bakery products will exhibit nearly similar CAGRs through 2022. Application of millets in non-alcoholic beverages will exhibit the highest CAGR through 2022, followed by breakfast foods and fodder.

Key companies included in Fact.MR’s report on the global millets market are Roundstone Native Seed Company, Ernst Conservation Seeds, Brett-Young Seeds Limited, E.I. DuPont De Nemours and Company, Wise Seed Company, Inc., Bayer Crop Science AG, Cargill, Inc., and Archer Daniels Midland Company.

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Table of Contents:

Global Millets Market – Executive Summary
Global Millets Market Overview
2.1. Introduction
2.1.1. Global Millets Market Taxonomy
2.1.2. Global Millets Market Definition
2.2. Global Millets Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Millets Market Y-o-Y Growth
2.3. Global Millets Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
Global Millets Market Analysis and Forecast By Product Type
3.1. Global Millets Market Size and Forecast By Product Type, 2012-2022
3.1.1. Pearl Millet Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Finger Millet Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
Continued………..

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