Millets are one of the ancient food known to humans. These cereal crops are small-seeded hardy crops that can grow well in semi-dry areas. Millets Snacks are made from millet flour. Various products especially snacks can be made from millet flour such as chips, bakery products, namkeens and others.Food products that are healthier and more nutritious are becoming more and more popular with the current generation of consumers, especially the millennials and generation Z. Thus, in order to get the greatest nutritional benefits for the body, consumers have been placing a strong priority on healthy eating practices and balanced meals. Some of the most nutrient-dense cereal grains and seeds on the market are millet. The global millet snacks market was valued at $2.4 billion in 2021, and is projected to reach $3.7 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.
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Report Coverage
The Millet Snacks Market report offers a comprehensive perspective of the market size, share, volume and revenue. It has also delved into SWOT analysis and Porters’ Five Force Analysis. The report has been prepared through qualitative and quantitative analysis to bolster the strategic approach. The primary interviews validate assumptions, findings and the prevailing business scenarios. The report also includes secondary resources, such as annual reports, press releases, white papers and journals.
Major Players Profiled in the Report:
The major players operating in the millet snacks industry focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. Some of the key players in the millet snacks market industry include Milletsnacks.com, Healthy Master, orgtree, Moon Food, Urban Millets Pvt Ltd, Nativefoodtore, HiYou, Cicer Food Products and Slurrp Farm.
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Regional Outlook:
According to the millet snacks market opportunities, region-wise, Europe garnered the second highest share in the global millet snacks market share in 2021 and is expected to maintain its market share throughout the millet snacks market forecast period. Europe is adopting eating habits that are more health-centered and more beneficial for the body. Additionally, customers in the area are gravitating toward organic food, plant-based food, and foods that are nutrient-dense and can enhance consumer health. Thus, the above-mentioned factors are likely to supplement the growth of the millet snacks market.
This report aims to provide:
- A qualitative and quantitative analysis of the current trends, dynamics, and estimations from 2021 to 2031.
- The analysis tools such as SWOT analysis and Porter’s five force analysis are utilized, which explain the potency of the buyers and suppliers to make profit-oriented decisions and strengthen their business.
- The in-depth market segmentation analysis helps identify the prevailing market opportunities.
- In the end, this Millet Snacks Market report helps to save you time and money by delivering unbiased information under one roof.
Table of Contents
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Snapshot
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key Forces Shaping Millet snacks industry/Market
3.2.1.Bargaining power of suppliers
3.2.2.Bargaining power of buyer
3.2.3.Thereat of new entrants
3.2.4.Threat of substitutes
3.2.5.Intensity of competitive rivalry
3.3.Value chain analysis
3.4.Impact of COVID-19 on the millet snacks market
3.4.1.Overview
3.4.2.Impact on food and beverage sector:
3.4.3.Impact on millet snacks market
3.5.Market dynamics
3.5.1.Drivers
3.5.1.1.Increase in demand for healthy food
3.5.1.2.Increase in use of millet seeds in snacks production
3.5.2.Restraints
3.5.2.1.Lake of availability of millet
3.5.3.Opportunities
3.5.3.1.The surge in adoption of millets as a power food source
Toc Continue……
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