Millets Market Augmented Expansion to be Registered by 2018 to 2028

Posted on 2019-06-26 by Mark Hub in Food & Beverage // 0 Comments

Fact.MR

As per the current market trends and the promising nature of the millets market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, FACTMR would be publishing a resourceful analysis that will enclose knowledge about the regional demand for millets market size, revenue and opportunity status. Readers will be offered the privilege to decode various facets of the market during 2017-2022, together with the active access to secondary and primary research methodology. Furthermore, various segments of the market associated to product, application, end-user etc., would also be present in this intelligent research report.

North America is anticipated to retain its position of being the largest market for millets, closely followed by Asia-Pacific excluding Japan (APEJ) in terms of revenues. Revenues from sales of millets in North America and APEJ will hold more than one-third share of overall market during the forecast period. Europe will also remain a lucrative market for millets, with sales projected to ride on a similar CAGR as that of in APEJ through 2022. Latin America will exhibit a steady expansion in the global millets market, although sales in the region are anticipated to hold a low market revenue share.

To Get a Free Sample Copy of this Report, Visit here – https://www.factmr.com/connectus/sample?flag=S&rep_id=312

Highly variable small-seeded grasses, millets are widely grown across the globe, as grain and cereal crops for both feedstock and food. On the back of its short growing season and high productivity under high-temperature conditions, millet crops are becoming more favorable. Various types of millet crops produced around the world include pearl millet, finger millet, proso millet, and foxtail millet. Over US$ 13,500 Mn worth of millets are estimated to be sold across the globe by 2022-end.

Pearl Millets to Remain Preferred Among Products by Consumers

Pearl millets are expected to remain preferred among products by consumers, and their sales will register a steady expansion through 2022. Over US$ 8,000 Mn revenues are estimated to be gathered by sales of pearl millets by 2022-end. Sales of finger millets and proso millets are projected to collectively account for nearly one-fourth share of the market in 2017. However demand for these two product variants of millets will witness a decline by 2022-end. Although foxtail millets currently account for a very low revenue share of the market, sales are projected to register the highest CAGR through 2022.

Non-alcoholic beverages are anticipated to be the fastest expanding application of millets throughout the forecast period. Sales of millets for application in alcoholic beverages will account for a comparatively larger revenue share of the market than in non-alcoholic beverages, although projected to register a relatively lower CAGR through 2022. Application of millets will remain the largest in preparation of flour, with sales estimated to surpass US$ 2,500 Mn in revenues by 2022-end.

Modern Trade and Specialty Stores – Most Lucrative Distribution Channels for Millets

Modern trade and specialty stores are anticipated to remain the most lucrative distribution channels for millets throughout the forecast period. However, specialty stores will account for a relatively lower revenues share of the market than modern trade in 2017. By 2022-end, modern trade and specialty stores will witness a slight decline in sales of millets, while online stores will gain an upsurge to exceed revenues worth US$ 1,500 Mn. Traditional grocery stores will continue to be the second fastest expanding distribution channel for millets during the forecast period.

Competition Tracking

FactMR’s report identifies key player contributing to expansion of the global millets market, which include Archer Daniels Midland Company, Cargill, Inc., Bayer Crop Science AG, Wise Seed Company, Inc., E.I. DuPont De Nemours and Company, Brett-Young Seeds Limited, Ernst Conservation Seeds, and Roundstone Native Seed Company.

Ask Industry Experts about this Report – https://www.factmr.com/connectus/sample?flag=AE&rep_id=312

About FactMr

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Matched content

Editor’s pick