Millets Market Analysis, Growth Forecast from 2019 to 2025

Global Market Insights, Inc. added research on Millets market is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, market also includes an in-depth study of the industry's competitive scenario. TOP PLAYERS of this market :- Viruthai Millets Farmers Producer Company Limited, Sahaja Samrudha Organic Producer Company Limited, Janadhanya Farmers Producer Company Limited, Dharani FaM CooP Ltd., Shimla hills offerings pvt. Ltd, South Indian Grains Corporation, Earthon products Australia Pty Ltd, Dharmapuri District Minor Millet Farmers Producers Company Ltd, Treta Agro (P) Ltd., Pristine Organics Pvt Ltd., Sresta Natural Bioproducts Pvt Ltd., Inner Being Wellness Private Limited.
2018 Market Size - USD 9 billion
2025 Forecast Value - USD 12 billion+
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Increasing interest on millets owing to their ability to survive in a changing climate, high nutritional value and rising health awareness across the globe shall positively influence the global millets market by 2025. Product is majorly cultivated in a semi-arid tropic of Asia and Africa and these regions collectively account for over 95% of the overall production. In addition, changing climatic conditions and reducing water level in Asia and Africa will propel millet cultivation in coming years as millet cultivation consumes very low water compared to the other crops such as wheat and rice.
Low crop productivity, difficult post-harvest operations, high labor intensity and lack of attractive farm gate prices are likely to hamper the millets market growth during the forecast timespan. Easy availability of rice and wheat through the Public Distribution System (PDS) in countries such as India has contributed to a shift in food consumption patterns in millet producing regions. Moreover, inadequate investment in product development and commercialization are hindering the millets market growth.
Pearl was the largest product segment in 2018 and is likely to grow with a CAGR over 3% during the forecast period. Pearl have 8 times higher iron content compared to the rice, which makes it better alternative for conventional food. Demand for other millets is also growing with a healthy CAGR due to high fibers, calcium and other minerals. Increasing demand for healthy and nutritious diet will fuel the other millets market growth in near future.
Key Highlights of this report:
Base Year: 2018
Growth Projections - 2019 to 2025
Historical data coverage: 2014 to 2018
Number of Pages - 453
Data Tables - 1563
Product is majorly produced for household consumption and remaining produce is used to make infant food, breakfast beer and fodder. Millets beer is popular in Africa and gaining wide acceptance across the globe. Additionally, increasing healthy and nutrient rich bakery product demand is forecast to propel the millets market growth over the forecast timespan.
Distribution channels plays an important role in millets market. Many food processors are having direct tie-ups with the farmers. Farmer producer organizations are playing major role in product distribution and procurement. Traditional middleman's role is reducing with an increasing prevalence of E-commerce sites and online stores. They help processors to create their own brand and reduce the cost of distribution due to which online stores are expected to exhibit the healthy growth number over the forecast period.
Product is majorly grown in Asia and Sub Saharan region. Asia Pacific accounted for major share of over 45% of millets market in 2018. Countries such as India and China registered the high product demand and projected to remain the largest producers and consumers over the forecast period. This high demand in the region can be attributed to the growing population and demand for nutritional food.
Partial TOC
Chapter 3. Millets Industry Insights
o 3.1. Industry segmentation
o 3.2. Industry size and forecast, 2014 - 2025
o 3.3. Industry ecosystem analysis
o 3.3.1. Profit margin
o 3.3.2. Value addition
o 3.3.3. Distribution channel analysis
o 3.3.4. Vendor matrix
o 3.4. Innovation & sustainability
o 3.4.1. Patent analysis
o 3.4.2. Comparison of millets
o 3.4.3. Future trends
o 3.5. Industry impact forces
o 3.5.1. Growth drivers
? 3.5.1.1. Increasing health consciousness among urban population
? 3.5.1.2. Environmental challenges in growing rice and wheat
? 3.5.1.3. Government initiatives to promote millets
o 3.5.2. Industry pitfalls & challenges
? 3.5.2.1. High product price as compared to its traditional counter part
o 3.6. Regulatory landscape
o 3.6.1. India
o 3.7. Growth potential analysis
o 3.8. Regional price trends
o 3.8.1. Cost structure analysis
? 3.8.1.1. R&D cost
? 3.8.1.2. Manufacturing & equipment cost
? 3.8.1.3. Raw material cost
? 3.8.1.4. Distribution cost
? 3.8.1.5. Operating cost
? 3.8.1.6. Miscellaneous cost
o 3.8.2. Price by product
o 3.8.3. Price by application
o 3.8.4. Price by distribution channel
o 3.9. Competitive landscape, 2018
o 3.9.1. Company market share analysis, 2018
o 3.9.2. Brand analysis
o 3.9.3. Key stakeholders
o 3.9.4. Strategic dashboard
o 3.10. Porter's analysis
o 3.10.1. Supplier application
o 3.10.2. Buyer application
o 3.10.3. Threat of new entrants
o 3.10.4. Threat of substitutes
o 3.10.5. Industry rivalry
o 3.11. PESTEL analysis
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Research Methodology:
At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
o Definition and scope of research
o Market dynamics, growth drivers and industry pitfalls
o Regulatory and political guidelines for the industry
o Demographics and statistical data
All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.
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Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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