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Millet And Sorghum Ancient Grains Market

Millet and Sorghum Ancient Grains Market Forecasts to 2028 – Global Analysis By Product (Millet, Sorghum), Type (Inorganic, Organic), End User (Animal Feed, Sports Nutrition, Infant Formula, Cereals) and By Geography

4.7 (44 reviews)
Published: November 2021 ID: SMRC21195
4.7 (44 reviews)
Published: November 2021 ID: SMRC21195

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Millet and Sorghum Ancient Grains Market is accounted for $8.82 billion in 2020 and is expected to reach $11.88 billion by 2028 growing at a CAGR of 3.8% during the forecast period. Increasing changes in lifestyles, rise in demand for healthy and nutritious food and low cost requirement of farming are driving the market growth. However, high transportation costs and land degradation problems are hampering the growth of the market.

Ancient grains contain lots of essential vitamins, minerals like magnesium and potassium, more amounts of iron and they also contain protective elements like fibers and antioxidants. Sorghum and millets are important crops for food security in semi-arid and arid regions owing to their high nutritional quality, tolerance to stresses (abiotic and biotic) and their performance in marginal lands with relatively low fertility.

Based on the end user, the cereals segment is going to have lucrative growth during the forecast period due to the rising adoption of nutritious meal options is spurring the demand for multi-grain cereals. As cereals are considered to offer numerous health benefits and are easy to prepare, they are witnessing augmented demand from consumers worldwide.

By geography, North America is going to have high growth during the forecast period due to the rising consumer aversion to cereals and the rising need for organic and natural products from the cosmetic industry is driving the North American markets for ancient grains.

Some of the key players profiled in the Millet and Sorghum Ancient Grains Market include Andean Valley S.A., Archer Daniels Midland Company, Avendano Trading Company, Bunge Limited, Cargill Inc., Glanbia Plc., Healthy Food Ingredients, Llc., Organic Products India and Ziegler & Co. Gmbh.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 8.82 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

3.8%

Predicted 2028 Value:

USD 11.88 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

99

Chapters Covered:

Product, Type, End User and Region

Core Drivers and Opportunities:

  • Increasing changes in lifestyles
  • Rise in demand for healthy and nutritious food
  • Low cost requirement of farming

Restraining Factors & Market Threats:

  • High transportation costs
  • Land degradation problems


Products Covered:
• Millet
• Sorghum

Types Covered:
• Inorganic
• Organic (Quinoa)

End Users Covered:
• Animal Feed
• Sports Nutrition
• Bakery & Confectionary
• Infant Formula
• Cereals

 Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Millet and Sorghum Ancient Grains Market is majorly driven by the increasing changes in lifestyles, rise in demand for healthy and nutritious food and low cost requirement of farming.

The cereals segment is growing at a highest CAGR due to the rising adoption of nutritious meal options is spurring the demand for multi-grain cereals.

North America dominated with a significant market share due to the rising consumer aversion to cereals and the rising need for organic and natural products from the cosmetic industry in the region.

Europe market is growing at a highest CAGR due to stringent regulations in the region to make sure that grains used in both food and feed are safe for human as well as animal consumption.

Key players in Millet and Sorghum Ancient Grains Market include Andean Valley S.A., Archer Daniels Midland Company, Avendano Trading Company, Bunge Limited, Cargill Inc., Glanbia Plc., Healthy Food Ingredients, Llc., Organic Products India and Ziegler & Co. Gmbh.

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