Millet Based Packaged Food Market Forecast 2022-2032 - Market Size, Drivers, Trends, And Competitors

In recent years, India has witnessed a surge in the consumption of millet-based packaged foods, driven by a growing awareness of their nutritional benefits and evolving consumer preferences. This article explores the dynamic landscape of India's millet-based packaged food market, highlighting key drivers, emerging trends, and regional dynamics shaping its growth trajectory.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84859

Key Players and Market Developments
The India millet based packaged food market is a fragmented, with the presence of large numbers of small scale manufacturers. Large players hold minimum share of the market. Most of the millet based processed food companies are focusing on comprehensive research and development (R&D) activities. They are striving to expand their product portfolios and create innovative millet based packaged food. Bliss Tree India, Coastal Foods, Early Foods, FirmRoots Private Limited, ITC Limited, Marico, Moon Foods, Naturally Yours, Num Num, OGMO Foods, Priya Foods, Quaker Oats Company, Slurrp Farms, Sri Lakshmi Foods, Swiss Bake Ingredients Pvt. Ltd., Tata Consumer Soulfull Pvt. Ltd., Tropolite, Truefarm Foods, Urban Millets Pvt. Ltd., and Urban Monk Private Limited are some of the prominent companies operating in the millet based packaged food market in India.

Overview of India's Millet-Based Packaged Food Market:
Millet-based packaged foods, rich in protein, antioxidants, and other essential nutrients, have emerged as a boon for health-conscious consumers in India. With a market value of US$ 37.7 Mn in 2022, this segment is projected to grow at an impressive CAGR of 9.2% until 2032, reaching US$ 91.1 Mn by the end of the forecast period.

Driving Factors for Market Growth:

Health Awareness and Nutritional Properties: The increasing awareness of the nutritional properties of millets has propelled the demand for millet-based packaged foods. Rich in protein and antioxidants, millets offer a healthy alternative to conventional grains, making them popular among consumers seeking wholesome dietary options.

Government Initiatives and Promotional Activities: Government-led initiatives and promotional campaigns have played a crucial role in promoting millets and encouraging their inclusion in packaged foods. Collaborations with farmers and investments in distribution channels have facilitated the availability of high-quality raw materials, further fueling market growth.

COVID-19 Pandemic Boost: The COVID-19 pandemic has heightened consumer awareness about health and immunity, leading to an increased demand for millet-based packaged foods. Recognized as a super grain, millets have gained traction as immunity-boosting foods, driving their consumption during the pandemic.

Diverse Product Offerings: Manufacturers are diversifying their product offerings to cater to evolving consumer preferences. Products like dosa & idli premixes, popular in South India, have witnessed significant demand due to their convenience, gluten-free nature, and instant preparation, reflecting changing lifestyle trends.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭 - https://www.transparencymarketresearch.com/checkout.php?rep_id=84859<ype=S

Regional Outlook:

South India: Holding the largest value share of 44.0% in 2022, South India leads the consumption of millet-based packaged foods. Factors such as changes in lifestyle, health consciousness, and the presence of established manufacturing units contribute to the region's dominance in the market.

West India: With a robust CAGR of 9.6%, West India emerges as a significant growth driver in the millet-based packaged food market. The rise in the service class population, changing lifestyles, and the proliferation of sales channels contribute to the region's expanding market share.

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