As cited by the research report titled ‘Global Millet Market Size study, by Product (Organic, Regular), by Application (Infant Food, Bakery Products, Beverages, Breakfast Food, Fodder), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global millet market is projected to expand at 4.50% CAGR and garner significant returns over 2021-2027.
 

Increasing prevalence of lifestyle diseases such as diabetes, cancer, obesity, and others due to widespread adoption of unhealthy diet, growing awareness about benefits associated with millets and rising consumption of gluten-free food products are the major factors driving global millet market growth.
 

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As per Australian Bureau of Statistics, around 67% of adults were found to be overweight or obese in 2017-18, which is an 63% increase since 2014-15. Similarly, according to IDF Diabetes Atlas, the number of people with diabetes in India is anticipated to rise from 77 million in 2019 to 101 million in 2030, and 134 million in 2045.
 

For the record, millets are cereal crops usually small-seeded and are highly nutritious with minerals and proteins like iron, calcium, among others that help in preventing many diseases. They include sorghum, ragi, pearl millet, foxtail millet, small millet, proso millet, kodo millet, barnyard millet, and other millets.
 

In addition, rising concerns regarding unsustainable practices associated with rice and wheat production and ability of millet crop to survive in extremely high temperatures are likely to augment the production and consumption of millets during the estimated timeline.
 

On the downside, less quantity of production and weak supply chain are likely to act as bottlenecks for the industry progression over the projected timespan.
 

Based on product type, global millet industry is segmented into regular and organic. Considering the application range, the marketplace is divided into infant food, beverages, bakery products, breakfast food, and fodder.
 

The geographical analysis of the industry includes regions like Asia Pacific, Europe, North America, and Latin America. Asia Pacific is reckoned to be a lucrative growth avenue for the industry participants over the assessment period 2021-2027, on account of growing burden of chronic diseases and rising awareness regarding millets as healthy food alternative in the region.
 

Major players profiled in global millet industry are MTD Products Inc., Briggs & Stratton LLC., Textron Inc., Brookfield Property Partners L.P. (STIGA S.p.A), Bad Boy Mowers, BigDog Mower Co., Schiller Grounds Care Inc., Generac Holdings Inc., Stanley Black & Decker Inc., and Metalcraft of Mayville Inc.