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Millet Ingredients Market Expected to Expand at a Steady CAGR through 2025

03-07-2018 09:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Millet Ingredients Market Expected to Expand at a Steady CAGR

Millet Ingredient is majorly used as a bird seed available throughout the year. Millet is rich in vitamins, calcium, iron, magnesium, potassium, zinc etc. Millet is a gluten-free food with low glycemic index which is suitable for allergic consumers. Millet is known as jowar or sorghum commonly. Millet ingredient is used in fermented drinks and porridges in Eastern Europe. Millet ingredient available in different forms is used in various industries such as food industry, cosmetic industry etc. Millet ingredients are used in food industry as one of the nutritious food for children healthy growth. Availability of millet ingredients throughout the year and health benefits associated with it makes millet ingredient a popular food in global market.

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Market Segmentation: Millet Ingredients

The millet ingredients market is segmented on the basis of its application in different industries such as food and beverage industry, cosmetic industry etc. In food industry it is used as gluten-free and healthy food in bread making and bakery products manufacturing. In cosmetic industry, millet ingredient is used as a natural cosmetic ingredient as it contains trace elements such as iron, silicon and magnesium which help skin in rejuvenation.

The millet ingredients market is segmented on the basis of its end-use as an ingredient and packed food. Millet ingredient is used in preparation of porridges, tacos and soups etc. Manufacturers offering ready-to-use soup powders use millet ingredient in their products.

The millet ingredients is segmented on the basis of nature of rice as organic and conventional. Demand for organic millet ingredients is more as compared to conventional millet ingredients as a result of increasing awareness of consuming organic products. Health benefits and source of carbohydrates makes it popular in fitness trainers and athletes as balanced diet.

The Millet Ingredients market is segmented on the basis of regions as North America, Latin America, Europe, APAC and ME.

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Global Millet Ingredients Market: Regional Outlook

Depending on geographic regions global Millet Ingredients market is segmented into five key regions: North America, Latin America, Europe, APAC and ME. Millet ingredients are originated in North Africa and consumed by maximum people as important staple on daily basis. Millet ingredients are consumed widely in countries in Asia. Europe and the U.S. are expected to grow in millet ingredient market in forecast period. Maximum of world’s commercial millet ingredient are produced by India, China and Nigeria.

Global Millet Ingredients Market: Drivers and Trends

The millet ingredients have various associated health benefits which makes it popular in health conscious consumers. Millet ingredient is a source of antioxidant which makes it popular in cosmetic industry which in turn increases demand for millet ingredient in global market. Millet ingredients are used in bakery industry for making breads and other bakery products which are increasing its demand in global market due to its gluten-free nature and various nutrient contents. Increasing awareness of use of organic products in daily consumption is one of the key driver for driving global millet ingredient market.

Global Millet Ingredients: Key Players

Some of the key players identified across the value chain of the global millet ingredients market include Mayoora Foods, Navan Foods, LLC, Sydler India Pvt. Ltd., Nestlé S.A., Nature’s Logic, are amongst.

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