The Asia Pacific Millet Seeds Market would witness market growth of 8.3% CAGR during the forecast period (2021-2027).
The increasing adoption of healthy and nutritious foods by the new-age generation, especially the gen z and millennials are expected to drive the growth of the overall millet seeds market during the forecasting period. This set of the population also focuses on healthy eating habits and balanced diets in order to achieve high nutritional advantages for the body. Millets are one of the highly nutritious food grains and seeds that are available in the market.
In addition, they also contain a rich amount of fiber that promotes gut health and better metabolism. Moreover, they also have an optimum quantity of minerals, vitamins, and calcium which assist to enhance bone density and offer the body appropriate nutrition to facilitate the body functions and prevent diseases. Further, increasing awareness among the consumers globally with respect to the health advantages of millet seeds, and hence, there has been a surge in the utilization of millet seeds to support a healthy diet.
The surge in internet penetration in the emerging countries of this region is fuelling the popularity of the e-commerce platforms, which is the leading distribution channel for millet seeds products. Also, the growing health awareness among the consumers due to the rising cases of various chronic diseases is estimated to boost the development of the regional market during the forecasting years.
Moreover, the growth of the regional millet seeds market would be fuelled by the surge in disposable income of the consumers in different countries of the region like India, China, and Japan. Besides, the significant shift in the food patterns and the growing living standard of the consumers are fuelling the demand for different healthy and nutritious food products like millet seeds.
The China market dominated the Asia Pacific Millet Seeds Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,148 million by 2027. The Japan market is anticipated to grow at a CAGR of 10.3% during (2021 - 2027). Additionally, The India market would register a CAGR of 8.7% during (2021 - 2027).
Based on Sales Channel, the market is segmented into Specialty Stores, Hypermarket/ Supermarket and Other Channels. Based on Type, the market is segmented into Pearl Millet, Finger Millet, Foxtail Millet, Proso Millet and Others. Based on Nature, the market is segmented into Conventional and Organic. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Millet Seeds Market is Projected to reach USD 13.5 Billion by 2027, at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Allied Seed, LLC, Crystal Crop Protection Private Limited, Delphi Organic GmbH, Eastern Colorado Seeds, LLC, Hancock Seed & Company, Mamta Hygiene Products Pvt Ltd., Mirfak Pty Ltd., NUTS IN BULK (Outlet Wholefood Company Ltd.), Alta Seeds (Advanta Seeds), and Soya UK Ltd.
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