Global Millets Industry 2025 Market Report; Launched via gminsights.com - PowerPoint PPT Presentation

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Global Millets Industry 2025 Market Report; Launched via gminsights.com

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Millets Market will exceed USD 12 billion by 2025; according to a new research report by Global Market Insights. – PowerPoint PPT presentation

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Title: Global Millets Industry 2025 Market Report; Launched via gminsights.com


1
Millets Market is estimated to surpass USD 12
billion by 2025
2
Key Insights from Millets Market
  • Millets Market size will exceed USD 12 billion by
    2025 according to a new research report by
    Global Market Insights.
  • Unbalanced urban lifestyle and improper eating
    habits has resulted into number of ailments such
    as obesity, diabetes, high blood pressure and has
    given rise to cardiovascular diseases such as
    cardiac arrest, arrhythmia, coronary artery
    disease, etc.
  • Rice wheat are water intensive crops, that have
    put enough pressure on already scarce water
    resources. According to UNs FAO data,
    agriculture takes share of about 70 of global
    water resources. Large use of water for growing
    rice and wheat makes its cultivation
    unsustainable.
  • In 2018, pearl held highest share in terms of
    product volume in millets market and is likely to
    expand at more than 3 CAGR by 2025. Massive
    demand share of pearl millets is due to its rich
    nutritional value as it has 8 times higher iron
    content than rice.

3
Continued...
  • Distribution channels play a vital role in value
    chain of millets market. FPOs and processors are
    engaged into supply agreements with farmers to
    bypass the traditional middlemen. They play
    greater role in proliferation of the various
    products in market. Supermarkets and traditional
    grocery stores are important channels in several
    Asian countries.
  • Millets are largely grown in Asia Pacific and
    West Africa, also known as Sub Saharan region.
    Asia Pacific, mainly India, accounted for over
    45 of the overall millets demand in 2018.
  • India is the largest producer of pearl millets
    followed by Nigeria and China. Massive demand in
    Asia Pacific is mainly due to emerging
    nutritional security issues in the region along
    with massive population. For instance, high
    nutritional value containing protein and rich
    dietary fibers, makes it an ideal part of
    vegetarian diet.

4
U.S. millets market size, by application, 2014 -
2025 (USD Million)

5

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