Global Millet Ingredients Market: Drivers and Trends
Millet ingredients are a good source of vitamins, calcium, iron, potassium, and magnesium and are the staple food of millions across a number of countries across the globe. Millet ingredients are also a good source of antioxidants, making them popular in the cosmetic industry across a number of applications. Millet ingredients are used in the bakery industry for preparing breads and other variety of bakery products. Their gluten-free nature has opened up vast growth opportunities in a number of new food lines that are targeting the rising global population of gluten-intolerant people. The low glycemic index of millet ingredients makes them suitable for healthy food products. Their use in fermented drinks and porridges in Eastern Europe continue to present promising growth opportunities ahead of the global millet ingredients market.
This report presents a thorough analytical account of the present growth prospects of the global millet ingredients market over the period between 2017 and 2025. The report presents an overview of the growth dynamics of the market over the past and present years. An assessment of the influence of a variety of factors on the overall development of the market is also included in the report.
Global Millet Ingredients Market: Segmentation
For providing a much thorough assessment of the market, the report segments it on the basis of criteria such as application, end-use, geography.
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Based on application, the market has been examined for the uses of millet ingredients across industries such as food and beverages and cosmetics. The food industry uses millet ingredients as a form of non-gluten and nutritional raw material for making breads and bakery products. In the cosmetic industry, the trace elements present in millet, such as magnesium, iron, and silicon, make for their vast usage in a variety of skin rejuvenating products.
On the basis of end-use, the report covers the millet ingredients market for applications such as packed food and its use as is. Millet ingredients find usages in packaged foods such as tacos, soups, and porridges. Product such as ready to use soup powders also use millet ingredient.
Global Millet Ingredients Market: Regional Outlook
To present a detailed regional outlook of the global millet ingredient market, the report covers it for regions such as North America, Asia Pacific, Latin America, Europe, and Middle East and Africa. Of these, the market in North America is presently the leading consumer of millet ingredients as millets are staple grain in the diets of the population in the region. Millet ingredients are also widely consumed in countries across Asia Pacific and Europe. Over the report’s forecast period, the market for millet ingredients across the U.S. and European countries is also expected to expand at a promising pace. India, China, and Nigeria will continue to be promising markets for millet ingredients on account of these countries being the leading consumers of commercial millet ingredients.
Global Millet Ingredients: Key Players
The report also presents a detailed assessment of the vendor landscape and competitive dynamics of the global millet ingredients market. The report includes detailed business profiles of some of the leading companies in the market and an overview of recent developments. Some of the leading vendors operating in the market profiled in the report are Sydler India Pvt. Ltd., Mayoora Foods, Nature’s Logic, Navan Foods, LLC, and Nestlé S.A.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis
The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.s
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