LAMEA Millet Seeds Market By Sales Channel (Specialty Stores, Hypermarket/ Supermarket and Other Channels), By Type (Pearl Millet, Finger Millet, Foxtail Millet, Proso Millet and Others), By Nature (Conventional and Organic), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Millet Seeds Market would witness market growth of 7.9% CAGR during the forecast period (2021-2027).
Millets are considered to be rich in nutrition which is extremely beneficial for individuals having gluten allergies, as millets do not have gluten. Moreover, products such as cakes, breads, and desserts made from millets are completely safe for consumption for individuals having gluten allergies; therefore, an increasing number of people with such types of allergies are embracing millets as a better option to wheat. Hence, the growth of the millet seeds market would be driven by the growing awareness among consumers about the health advantages of millets.
A large number of health-conscious consumers in the nations like South Africa are demanding different kinds of dietary supplements like millet seeds which encourage several makers to create new products to meet the rising demand for these products. Additionally, the rise in disposable income of the consumers is one of the prime factors boosting the demand for nutrition and health products in the region.
Also, the shifting consumer food patterns would boost the demand for nutrition products in the regional market during the forecast period. Further, the growing occurrence cases of several health diseases are encouraging motivating people to maintain a healthy lifestyle and adopt a healthy dietary pattern, which would open new growth avenues for the regional millet seeds market during the forecasting period.
The Brazil market dominated the LAMEA Millet Seeds Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,063.9 million by 2027. The Argentina market is poised to grow at a CAGR of 9% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 6.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Millet Seeds Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
By Sales Channel
- Specialty Stores
- Hypermarket/ Supermarket and
- Other Channels
- Pearl Millet
- Finger Millet
- Foxtail Millet
- Proso Millet and
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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)
- Soya UK Ltd.
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