About Millet Flour
Millet is a small, pale, yellow round grain with a mild flavor that's ideal for blending with the flours of other grains. It has many applications, millet is used to make the bread, used in bakery products and in household cooking. It contains high protein, a rich source of minerals, dietary fiber, essential amino acids which is useful to prevent cardiovascular diseases.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Millet Flour market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bob's Red Mill (United States), Great River (United States), King Arthur Flour (United States), To Your Health Sprouted Flour Co. (United States), Jalpur Millers (United Kingdom), Arrowhead Mills Inc (United States), Ardent Mills (United States), 24 Letter Mantra (India), Authentic Foods (United States) and Brundo Spices (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Millet Flour market by Type (Pearl, Finger, Foxtail and Others), Application (Bread Making, Bakery Products, Household Cooking and Others) and Region.
On the basis of geography, the market of Millet Flour has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Millet Flour market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hypermarket will boost the Millet Flour market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand from Consumers to Control Diabetes, Reduces the Cholesterol and to Prevent Cardiovascular Diseases
Market Growth Drivers:
Rising Demand from Consumer for Millet Flour due to Availability of High Protein Content, Dietary Fiber, a Rich Source of Minerals and Adaptation of Millet Flour in Bakery Products
Challenges:
Problems with Maintaining the Inventory in Warehouses
Restraints:
Improper Alignment between Supply and Demand
Opportunities:
Growth in Food and Beverage Industry in Developing Countries and Increasing Heath-consciousness among the Population
Market Leaders and their expansionary development strategies
In July 2023, Jubilant Foodworks, which operates the popular Domino’s Pizza, Saturday launched a millet pizza base called ‘Ragi Super Crust’ in Ahmedabad — a first for the quick service restaurant in the country. The company plans to scale it up later across India.
On 10th July 2019, Ardent Mills announced its further investment in the grain elevator in Klamath Falls, Oregon for sourcing organic and specialty grain. According to the CEO of Ardent Mills Dan Dye, this acquisition has advanced the Ardent Mills to provide grains from organic and conventional farms in the region.
Key Target Audience
Millet Flour Producers, Millet Flour Distributors and Suppliers, Millet International Traders, Research and Development Institutes, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.