Millet Snacks Market Rising Trends, Demands & Business Outlook Forecast, 2021-2031

According to a new report published by Allied Market Research, titled “Millet Snacks Market”, The millet snack market was valued at $2.4 billion in 2021, and is estimated to reach $3.7 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.

Millet is one of the ancient foods known to humans. These cereal crops are hardy, small-seeded crops that can grow well in semi-dry areas. Millet snacks are made from millet flour. Various products, especially snack foods, can be made from millet flour, such as potato chips, bakery items, namkeens, and others. The Major Players Analyzed in the Global Millet Snacks Industry are Milletsnacks.com, Healthy Master, orgtree, Moon Food, Urban Millets Pvt Ltd, Nativefoodtore, HiYou, Cicer Food Products and Slurrp Farm.

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Key study finding

  • By type, the extruded products segment contributed the most revenue to the market with $1,999.9 million in 2021, and is estimated to reach $3,130.1 million by 2031, with a CAGR of 4.8%.
  • By age group, the millennial generation segment contributed the most revenue to the market, with $1,083.8 million in 2021, and is estimated to reach $1,584.5 million in 2031, with a CAGR of 4.0%.
  • By distribution channel, the offline segment contributed the most revenue to the market, with $17,63.8 million in 2021, and is estimated to reach $2,728.5 million in 2031, with a CAGR of 4. 6%
  • By region, Asia-Pacific was the highest revenue contributor, at $1,043.3 million in 2021, and is estimated to reach $1,532.0 million by 2031, at a CAGR of 4.0%. .

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Regional Perspectives:

According to the millet snacks market opportunities, by regions, Asia-Pacific held the largest share of the millet snacks market in 2021 and is projected to grow at a significant CAGR of 4.0% between 2022 and 2031. India it contributes almost 20% of the global export value of millet and is therefore a key player in terms of its ability to meet global demand. China has shown a gradual increase in millet yields. Millet, which is a minor grain crop, has attracted special interest in China because both foxtail millet and broom millet were domesticated there and later became the country’s main traditional grain crops.

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About us

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP headquartered in Portland, Oregon. Allied Market Research provides global companies, as well as small and medium-sized businesses, with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a specific vision to provide business information and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, CEO of Allied Market Research, is leading the organization towards providing high-quality data and information. We maintain professional corporate relationships with various companies and this helps us extract market data that helps us generate accurate research data tables and confirms the highest accuracy in our market forecast. Any and all data presented in the reports published by us is extracted through primary interviews with senior officials of major companies in the domain in question. Our secondary data acquisition methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.

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