Millets Market size, share, trends & Forecast
The Millets Market was estimated around USD 9,300 million in 2019 and is predicted to grow at a robust CAGR of 4.2% over the forecast period (2020-2027). The factors driving growth of the market includes growing prevalence of diabetes and obesity around the world, nutrition programs launched by Governments, increasing availability of millet products at e-commerce platforms, emerging trend of veganism, and improvements in the living standards. For instance, the number of people worldwide living with diabetes is expected to increase from 643 million in 2030 to 783 million by the end of 2045, which is expected to push the demand for millet products in the approaching years. Millets are in nutrients such as copper, magnesium, and phosphorus, enhances digestion, prevents gastrointestinal problems, and combat against bowel related problems, are some of the features propelling the market growth. Moreover, growing adoption of advanced technologies by manufacturers, rise in the launch of...