Report Code: A08411 | Pages: NA | Mar 2023 | 3985 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Millet Market
Request Now !Millets are generally small-seeded cereal crops and are known for their high nutritional value. There are millet varieties worldwide with different colors such as pale yellow, white, gray, and red. They are superior, in terms of nutritional property, to some highly consumed cereals such as rice and wheat. Inclination of interest in reviving millet consumption across different countries favors this market's growth prospects in the last few years. There are several initiatives to improve the cultivation and consumption of millet to reduce the health risks caused by diabetes, obesity, and cardiovascular diseases. Millets play an important role in many countries in Africa and Asia as regards food security and economy. Because of their gluten-free and hypoglycemic properties, they are gaining popularity in Europe and North America.
COVID-19 Scenario Analysis:
The COVID-19 outbreak has caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers. Markets and production units have been shutdown globally which has stopped the production, sale, and marketing of the product. This has also offered an opportunity for the companies to look after their supply chain relationship and business models for the future.
Increase in urban population, inclination toward healthy food in Asia-Pacific, coupled with rise in unsustainability of rice and wheat production, drive the product demand during the forecast period. Several diseases such as diabetes, obesity and cardiovascular problems such as heart attack, coronary artery disease have been caused by urban lifestyle choices and related food habits as millets have high protein and mineral content, such as calcium, and ironthat can help in preventing such diseases. Increasing public awareness of health benefits associated with millet consumption will, therefore, boost industry growth in the future.
Many developing nations and federal governments frame long-term policies to roll out nutrition programs to address malnutrition. Promoting government initiatives and including millets in various food and beverage products is likely to increase the size of its industry.
Millets have a limited shelf-life and this factor is estimated to adversely affect market growth. High product prices compared to largely consumed grains act as an impediment to urban food market penetration.
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Key Benefits of the Report:
Questions Answered in theMilletMarketResearch Report:
Millet Market Report Highlights
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Key Market Players | Cargill, Inc., Archer Daniels Midland Company, Wise Seed Company, Inc., E.I. DuPont De Nemours and Company, Bayer Crop Science AG, Ernst Conservation Seeds, Brett-Young Seeds Limited, Roundstone Native Seed Company. |
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