The global Millet Flour Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.

This Millet Flour market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.

Data Bridge Market Research analyses that the millet flour market was valued at USD 4.62 billion in 2021 and is expected to reach the value of USD 7.25 billion by 2029, at a CAGR of 5.80% during the forecast period of 2022-2029.

Top Companies in the Global Millet Flour Market:
Bayer AG (Germany), DSM (Netherlands), DuPont. (U.S.), Amway (U.S.), The Nature's Bounty Co. (U.S.), Nestlé (Switzerland), RiceBran Technologies (U.S.), Mead Johnson & Company, LLC. (U.S.), Medifast, Inc. (U.S.), Premier Nutrition Corporation (U.S.), TOOTSI IMPEX Inc. (Canada), U.S. Spice Mills, Inc. (U.S.), Health Food Manufacturers' Association (U.K.), NOW Foods (U.S.), Glanbia PLC (Ireland), Herbalife International of America, Inc. (U.S.), among others.

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Market Segmentation:

The millet flour market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Organic Millet Flour
  • Normal Millet Flour

Application

  • Family use
  • Commercial use
  • Others

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

– North America (United States, Mexico & Canada)

– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Germany dominates the millet flour market, followed by France and Italy. There is a growing shift in food consumption preferences, such as organic and gluten-free flour demand, which is driving the growth of this market. Germany dominates the country due to high cereal production and increased consumer spending on millet foods. France is also second in the market due to its high production of raw material crops and grains. In Italy, consumers' changing attitudes toward healthy lifestyles and increased spending capacity as a result of rising disposable income are boosting the country's market growth.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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Market Dynamics

Drivers

  • Health benefits associated with consumption of millet flour

Millet flour has a high protein content, a rich source of minerals, dietary fibre, essential amino acids, and dietary fibre, which makes it popular among health-conscious consumers. Furthermore, millet flour is used in the bakery industry to make bread and other bakery products, which is increasing its demand globally due to the rise in gluten intolerance among consumers, and millet is gluten-free in nature, which is expected to drive the growth of the global millet flour market over the forecast period.

  • Rising sedentary lifestyles among the population grows a need for healthy food choices

Increased urbanisation, a preference for healthy foods and an increase in the unsustainable nature of rice and wheat production drive product demand during the forecast period. Several diseases, including diabetes, obesity, and cardiovascular problems such as heart attack and coronary artery disease, have been linked to urban lifestyle choices and related food habits, as millets have high protein and mineral content, such as calcium and iron, which can aid in disease prevention. Increased public awareness of the health benefits of millet consumption will thus boost industry growth in the future.

Opportunity

Food and beverage manufacturers are considering the health benefits of millet flour and adding significant constituents to make products more delectable and nutritious. The use of millet ingredients in cosmetics is expected to increase demand for other products of a similar nature. Aside from that, the use of millet flour for disease prevention and health maintenance is expected to fuel a positive growth in terms of value during the forecast period.

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