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Millets Market Size, Share, Global Forecast 2021-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

October 2021 | 125 pages | ID: M527F548C8EEEN
Renub Research

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Worldwide, millets are a major source of human food, and their production has been steadily rising in the last decades to meet the dietary demands of the expanding world population. It is a cereal crop generally small-seeded and known for high nutritional value. Millets are an excellent source of essential nutrients like protein, carbohydrates, minerals, fat, bioactive compounds and vitamins. There are nearly 6,000 varieties of millet available all over the world with various colors such as pale white, yellow, grey and red.

Global Millets Market is projected to reach US$ 12.1 Billion by 2027

The growing inclination of the urban population towards healthy food coupled with the increasing unsustainable rice and wheat production will drive millets product demand during the forecast period. Opting towards keeping healthy meals to boost immunity, people shifted from having junk foods to eating notorious rich superfoods like millets and derivatives. The rise in consumers demands towards having millets as a healthy option is expected to rise during the forecast period.

The transformation in the lifestyle of the consumers has made them more inclined towards healthy food, which is one of the leading causes for the demand for organic millet globally. Organic millets contain a high level of protein and minerals, which helps avoid diseases such as cardiovascular problems, diabetes, and obesity.

Global Millets Market Size was US$ 10.3 Billion in 2021

Millet industry is segmented into bakery products, infant food, breakfast food, Beverages, fodder, and others. Millets based infant meals such as porridge is excellent for infant trade growth and will aid in reducing the occurrence of malnutrition in babies and infants. Bakery goods, including packaged wafers, are gradually gaining importance because of their easy accessibility throughout traditional grocery stores, supermarkets and e-commerce sites worldwide.

Asia-Pacific is anticipated to retain its position of being the most Significant Region for Millets

Millets play an essential role in food security and the economy in Asia- Pacific. India has the highest millet production globally; India produces all varieties of millets products and processes forms, which are gaining attention from its urban population. Moreover, millets are gaining prominence in Europe and North America due to their breakfast use; it is attributed to the increasing demand for fibre-rich, gluten-free, and hypoglycemic food products among health-conscious consumers.

COVID-19 Impact on Worldwide Millet Market

The situation of COVID-19 impacted the millet market in negative ways. Counting the negative side, due to the pressure of repeated lockdowns, the business witnessed a disruption in the labor shortage, supply chain, shutting of small processing units, etc. Since India has the highest millet production globally, there was a severe lockdown in India in 2020. Due to this, millet exports from India suffered a bit for the year 2020. However, we believe the market has improved in 2021, and its forecast looks bright.

Key Market Players Continue Focusing on Empowering the Industry Positioning

Companies operating in the millets market such as Archer Daniels Midland Company, Cargill, Bayer Crop Science AG, Nestl? S.A., NH Foods Ltd are focusing on offering services that drive business growth and enhance customer experience. As per our Research findings, Global Millets Market will grow with a CAGR of 2.33% during 2021-2027.

Renub Research latest Report "Global Millets Market by Product Type (Organic and Regular), Application (bakery products, infant food, breakfast food, Beverages, fodder, and others), Distribution Channels (Trade Associations & organizations, Traditional grocery stores, supermarkets, Online Stores and Others), Region (North America, Europe, Asia – Pacific, Middle East & Africa and South Africa), Company (Archer Daniels Midland Company, Cargill, Bayer Crop Science AG, Nestl? S.A., NH Foods Ltd) )” provides complete details on provides complete details on Global Millets Industry.

Product Type – Global Millets Market breakup from 2 viewpoints

1. Organic
2. Regular

Application – Global Millets Market breakup from 6 viewpoints

1. Infant Food
2. Bakery Product
3. Breakfasts
4. Beverages
5. Fodder
6. Others

Distribution Channels - Global Millets Market breakup from 5 viewpoints

1. Trade Associations & organizations
2. Supermarkets
3. Traditional Grocery Stores
4. Online Stores
5. Others

Region - Global Millets Market breakup from 5 viewpoints

1. North America
2. Europe
3. Asia-Pacific
4. Middle East & Africa
5. South Africa

All key players have been covered from 3 viewpoints
  • Overview
  • Recent Developments
  • Financial Insights
Company Analysis

1. Archer Daniels Midland Company
2. Cargill
3. Bayer Crop Science AG
4. Nestl? S.A.
5. NH Foods Ltd
1. INTRODUCTION

2. RESEARCH & METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1 Growth Drivers
4.2 Challenges

5. GLOBAL MILLETS MARKET

6. MARKET SHARE – GLOBAL MILLETS MARKET

6.1 By Product Type
6.2 By Application
6.3 By Distribution Channels
6.4 By Region

7. PRODUCT TYPE – GLOBAL MILLETS MARKET

7.1 Organic
7.2 Regular

8. APPLICATION – GLOBAL MILLETS MARKET

8.1 Infant Food
8.2 Bakery Product
8.3 Breakfasts
8.4 Beverages
8.5 Fodder
8.6 Others

9. DISTRIBUTION CHANNELS – GLOBAL MILLETS MARKET

9.1 Trade Associations & organizations
9.2 Supermarkets
9.3 Traditional Grocery Stores
9.4 Online Stores
9.5 Others

10. REGION – GLOBAL MILLETS MARKET

10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East & Africa
10.5 South Africa

11. KEY PLAYERS

11.1 Archer Daniels Midland Company
  11.1.1 Overview
  11.1.2 Recent Development
  11.1.3 Revenue
11.2 Cargill
  11.2.1 Overview
  11.2.2 Recent Development
  11.2.3 Revenue
11.3 Bayer Crop Science AG
  11.3.1 Overview
  11.3.2 Recent Development
  11.3.3 Revenue
11.4 Nestl? S.A.
  11.4.1 Overview
  11.4.2 Recent Development
  11.4.3 Revenue
11.5 NH Foods Ltd
  11.5.1 Overview
  11.5.2 Recent Development
  11.5.3 Revenue

LIST OF FIGURES:

Figure-01: Global Millets Market (Million US$), 2016 – 2021
Figure-02: Forecast for – Global Millets Market (Million US$), 2022 – 2027
Figure-03: Product Type – Organic Market (Million US$), 2016 – 2021
Figure-04: Product Type – Forecast for Organic Market (Million US$), 2022 – 2027
Figure-05: Product Type – Regular Market (Million US$), 2016 – 2021
Figure-06: Product Type – Forecast for Regular Market (Million US$), 2022 – 2027
Figure-07: Application – Infant Food Market (Million US$), 2016 – 2021
Figure-08: Application – Forecast for Infant Food Market (Million US$), 2022 – 2027
Figure-09: Application – Bakery Product Market (Million US$), 2016 – 2021
Figure-10: Application – Forecast for Bakery Product Market (Million US$), 2022 – 2027
Figure-11: Application – Break Fasts Market (Million US$), 2016 – 2021
Figure-12: Application – Forecast for Break Fasts Market (Million US$), 2022 – 2027
Figure-13: Application – Beverages Market (Million US$), 2016 – 2021
Figure-14: Application – Forecast for Beverages Market (Million US$), 2022 – 2027
Figure-15: Application – Fodder Market (Million US$), 2016 – 2021
Figure-16: Application – Forecast for Fodder Market (Million US$), 2022 – 2027
Figure-17: Application – Others Market (Million US$), 2016 – 2021
Figure-18: Application – Forecast for Others Market (Million US$), 2022 – 2027
Figure-19: Distribution Channels – Trade Associations & Organizations Market (Million US$), 2016 – 2021
Figure-20: Distribution Channels – Forecast for Trade Associations & Organizations Market (Million US$), 2022 – 2027
Figure-21: Distribution Channels – Supermarkets Market (Million US$), 2016 – 2021
Figure-22: Distribution Channels – Forecast for Supermarkets Market (Million US$), 2022 – 2027
Figure-23: Distribution Channels – Traditional Grocery Stores Market (Million US$), 2016 – 2021
Figure-24: Distribution Channels – Forecast for Traditional Grocery Stores Market (Million US$), 2022 – 2027
Figure-25: Distribution Channels – Online Stores Market (Million US$), 2016 – 2021
Figure-26: Distribution Channels – Forecast for Online Stores Market (Million US$), 2022 – 2027
Figure-27: Distribution Channels – Others Market (Million US$), 2016 – 2021
Figure-28: Distribution Channels – Forecast for Others Market (Million US$), 2022 – 2027
Figure-29: North America – Millets Market (Million US$), 2016 – 2021
Figure-30: North America – Forecast for Millets Market (Million US$), 2022 – 2027
Figure-31: Europe – Millets Market (Million US$), 2016 – 2021
Figure-32: Europe – Forecast for Millets Market (Million US$), 2022 – 2027
Figure-33: Asia Pacific – Millets Market (Million US$), 2016 – 2021
Figure-34: Asia Pacific – Forecast for Millets Market (Million US$), 2022 – 2027
Figure-35: Middle East & Africa – Millets Market (Million US$), 2016 – 2021
Figure-36: Middle East & Africa – Forecast for Millets Market (Million US$), 2022 – 2027
Figure-37: South Africa – Millets Market (Million US$), 2016 – 2021
Figure-38: South Africa – Forecast for Millets Market (Million US$), 2022 – 2027
Figure-39: Archer Daniels Midland Company – Global Revenue (Million US$), 2016 – 2021
Figure-40: Archer Daniels Midland Company – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-41: Cargill – Global Revenue (Million US$), 2016 – 2021
Figure-42: Cargill – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-43: Bayer Crop Science AG – Global Revenue (Million US$), 2016 – 2021
Figure-44: Bayer Crop Science AG – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-45: Nestl? S.A. – Global Revenue (Million US$), 2016 – 2021
Figure-46: Nestl? S.A. – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-47: NH Foods Ltd – Global Revenue (Million US$), 2016 – 2021
Figure-48: NH Foods Ltd – Forecast for Global Revenue (Million US$), 2022 – 2027

LIST OF TABLES:

Table-01: Global – Millets Market Share by Product Type (Percent), 2016 – 2021
Table-02: Global – Forecast for Millets Market Share by Product Type (Percent), 2022 – 2027
Table-03: Global – Millets Market Share by Application (Percent), 2016 – 2021
Table-04: Global – Forecast for Millets Market Share by Application (Percent), 2022 – 2027
Table-05: Global – Millets Market Share by Distribution Channels (Percent), 2016 – 2021
Table-06: Global – Forecast for Millets Market Share by Distribution Channels (Percent), 2022 – 2027
Table-07: Global – Millets Market Share by Region (Percent), 2016 – 2021
Table-08: Global – Forecast for Millets Market Share by Region (Percent), 2022 – 2027


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