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.
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players 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.