Millet Market Size worth USD 21.20 Billion by 2031 | KR

by KingsResearchInfo on Jul 9, 2024 Article Marketing 13 Views

According to recent report published by Kings Research Global Millet Market is a predicted value of USD 21.20 Billion by 2031 and a compound annual growth rate (CAGR) of 5.52% from 2024 to 2031, millet market was estimated to be worth USD 13.84 billion in 2023.

Global Millet Market is expanding rapidly due to factors such as the growing number of people with diabetes, the growing demand for gluten-free grains, and shifting weather patterns. Millets are a sustainable crop because of their low water requirements and resistance to climate change.

Millets are a group of highly variable small-seeded grasses, widely grown around the world as cereal crops or grains for fodder and human food. They are known for their high nutritional value, being rich in proteins, fibers, vitamins, and minerals. The key types of millets include pearl millet, finger millet, proso millet, and foxtail millet, each catering to diverse culinary applications and consumer preferences.

Get Full Report Details with TOC @ https://www.kingsresearch.com/millet-market-568

Top Key Companies in Millet Market

  • ITC Limited
  • Nestle
  • Bob's Red Mill Natural Foods
  • Ancient Golden Mill
  • Ardent Mills
  • Nature Mills Private Limited.
  • Jiwa
  • Bliss Tree
  • Molino Agostini
  • Woodland Foods

The Organic Trade Association (OTA) estimates that the value of organic food sales in the United States in 2022 was USD 60.00 billion, and that this value will continue to rise significantly in the years to come. This trend is boosting a company's reputation and fueling the global market for products made from organic millet.

Key Drivers and Trends

  1. Health and Nutrition: One of the primary drivers of the millet market is the growing awareness of the health benefits associated with millet consumption. Millets are gluten-free and have a low glycemic index, making them ideal for people with celiac disease and diabetes. They also aid in digestion and help in managing cholesterol levels and blood sugar, which makes them attractive to health-conscious consumers.
  2. Sustainability and Organic Farming: Millets are known for their resilience and low water requirements, making them a sustainable crop choice. The increasing shift towards sustainable agricultural practices and the rising demand for organic products are bolstering the market. Governments and NGOs are promoting millet cultivation to ensure food security and sustainable farming practices.
  3. Diversified Applications: Millets are being increasingly incorporated into various food products, including infant food, bakery products, beverages, and breakfast foods. The versatility of millets allows them to be used in a wide range of culinary applications, which enhances their market appeal.

Regional Insights:

The Asia-Pacific region dominates the global millet market, with countries like India and China being the largest producers and consumers. The region's dominance is attributed to traditional dietary habits and the increasing support from governments for millet cultivation. North America and Europe are also significant markets, driven by the rising demand for health foods and gluten-free products.

Future Prospects:

  • Technological Advancements: Improved farming techniques and better seed varieties are expected to boost millet production.
  • Product Development: Innovations in millet-based products, especially in the food and beverage sector, will attract more consumers.
  • Market Expansion: Expanding into new geographical markets, particularly in regions with rising health consciousness, will be a key growth strategy.

Article source: https://article-realm.com/article/Business/Article-Marketing/65481-Millet-Market-Size-worth-USD-21-20-Billion-by-2031-KR.html

Reviews

Guest

Overall Rating:

Comments

No comments have been left here yet. Be the first who will do it.
Safety

captchaPlease input letters you see on the image.
Click on image to redraw.

Most Viewed Articles

Statistics

Members
Members: 14761
Publishing
Articles: 61,696
Categories: 202
Online
Active Users: 1018
Members: 4
Guests: 1014
Bots: 5299
Visits last 24h (live): 3091
Visits last 24h (bots): 17365

Latest Comments

This is an excellent piece of writing. I happened to come upon your essay while coreball exploring the internet. Another aspect I enjoy is the writing style. I'll put it on my favorites list.  
This is the first time that I visit here. I found so many exciting matters in this particular blog, One thing I would like to request you that pls keep posting such type of informative blog. I am...
Many of our papa's games can now be played without flash. They are some of the most exciting management games you can find anywhere. We have all of Papa Louie's bakeries, sandwich shops, and...
La Reprise d'Entreprises implique l'acquisition d'une entreprise par le biais d'un <a href="https://www.reprisedentreprises.fr/" rel="dofollow">Rachat d'Entreprise</a>.  
Clicker games don't get much better than  spacebar clicker