Millet Based Snacks Market, By Type, By Distribution Channels (Online and Offline ), By Geography

Description

The millet based snacks market is estimated to be valued at USD 2.64 Bn in 2024 and is expected to reach USD 3.84 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

Figure 1. Millet Based Snacks Market Share (%), By Region, 2024

Millet is a commonly grown crop in several parts of Asia Pacific and Africa due to its short growing season and resilience in dry conditions. Moreover, millet is gluten-free and rich in protein, iron and fiber. Increasing health awareness and preference for gluten-free products among consumers is driving the demand for millet-based snacks. These snacks provide a tasty and nutritious snacking option. Major players are innovating with flavors and textures to appeal to evolving tastes. The millet snacks market is expected to grow steadily due to the many health and environmental benefits of millet.

Market Dynamics:

The millet snacks market is driven by rising health consciousness, preference for gluten-free products and environmental sustainability. Millet is easily digestible and helps manage blood sugar levels. It also contains antioxidants that promote heart health. Players are harnessing these nutritional aspects through aggressive marketing campaigns. However, low consumer awareness about the benefits of millets hampers market growth. Also, supply chain challenges and high production costs pose restraints. Significant opportunities lie in innovating new product lines, utilizing organic millet, and targeting the growing vegan population. With health trends accelerating post-pandemic, the demand for nutritious snacks using superfoods like millets is projected to increase.

Key Features of the Study:

This report provides an in-depth analysis of the global millet snacks market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global millet snacks market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Kiru Millet, Orgtree , Mood foods, Shri Foods India, Millet Amma, Kaulige Foods, e-Millet, Tru Millet, Ratham Exports, Arvees India , NaNee's , Nutraahaar, and Shanti Food Chem Private Limited
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global millet snacks market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global millet snacks market

Detailed Segmentation-

By Type:
- Namkeen
- Noodles
- Chips
- Bakery Snacks
- Others
By Distribution Channel:
- Online
- Offline
- Hypermarket and Supermarket
- Specialty Stores
- Convenience Stores
- Departmental Stores
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Kiru Millet
- Orgtree
- Mood foods
- Shri Foods India
- Millet Amma
- Kaulige Foods
- e-Millet
- Tru Millet
- Ratham Exports
- Arvees India
- NaNee's
- Nutraahaar
- Shanti Food Chem Private Limited

Product Code: CMI7052

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Distribution Channels
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend

4. Global Millet Based Snacks Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Millet Based Snacks Market - COVID-19
Impact Analysis

5. Global Millet Based Snacks Market, By Type, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Namkeen
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Noodles
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Chips
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Bakery Snacks
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Millet Based Snacks Market, By Distribution Channels, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Online
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Offline
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Sub Segments
Hypermarket and Supermarket
Specialty Stores
Convenience Stores
Departmental Stores
Others

7. Global Millet Based Snacks Market, By Region, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channels, 2019- 2031 (US$ Bn)
- Countries
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channels, 2019- 2031 (US$ Bn)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channels, 2019- 2031 (US$ Bn)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channels, 2019- 2031 (US$ Bn)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Bn)
- Market Size and Forecast, By Distribution Channels, 2019- 2031 (US$ Bn)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- Kiru Millet
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Orgtree
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Mood foods
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Shri Foods India
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Millet Amma
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Kaulige Foods
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- e-Millet
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Tru Millet
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Ratham Exports
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Arvees India
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- NaNee's
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Nutraahaar
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Shanti Food Chem Private Limited
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendation

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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