Fact.MR has recently added a new report to its vast online database. This research study is titled as “Millets Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.
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With growing population across the globe, demand for food is on a tremendous rise, with cereals and grains gaining paramount importance owing to their health benefits and convenience in availability. Among these cereals and grains, millets are gaining a significant momentum in feedstock and food purposes, on the back of its high productivity in dry and high-temperature conditions.
With its properties such as high productivity in dry and hot climatic conditions, millets are becoming a favored crop across the globe. Several companies in the market are conducting programs for providing farmers with knowledge and sources to increase millet cultivation. This report, published by Fact.MR, provides in-depth analysis of the global millets market for the forecast period 2017-2022, and offers key insights about future market direction.
The next section offers an overview of the global millets market. This comprises an introduction to the market, along with a standard definition of the product – millets. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
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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.
Competition Tracking
Fact.MR’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.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized “Food & Beverages 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.
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