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Millets Market Size, Share, Insight, Growth, Company Analysis, Global Forecast 2021-2027
Millets Market Size was US$ 10.3 Billion in 2021. Industry Trends By Product Type, Application, Distribution Channels, Region, Impact of COVID-19, Company Analysis, Global Forecast By 2027.
By: Renub Research
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.
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Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/
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Page Updated Last on: Oct 30, 2021