DUBLIN--(BUSINESS WIRE)--The "Global Millet Market - Segmented by Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
97% of the global millet production and seed demand comes from developing countries. India has the highest demand for millet seeds and is the largest millet producer globally, followed by Nigeria, Niger, China, and Mali. Pearl millet is the most cultivated millet, grown predominantly in India and parts of Africa.
Millets are the way forward for countries like India and Africa, where food and nutritional security are major challenges. The high drought tolerance capacity of the crop allows it to be cultivated in the adverse conditions of the Eco region. The world's leading producer of millet is India. Public and private investment is rather limited for millet seed development and production. International prices for millet are highly volatile, determined largely by supply volumes, and are usually unrelated to those of other major coarse grains such as maize, sorghum, or barley.
The US continues its dominance in the global millet trade. Its primary trading partners in the global millet market were Canada, Indonesia, Malaysia, and Mexico. It exported US$16,341 thousand in 2015 and US$12,802 thousand in 2016. Over the past few years, exports from the US to Indonesia have been increasing continuously and there are some fluctuations in trade related activities between Canada and the US. In the year 2015, the US exported US$8,297 thousand to Indonesia and US$5,678 thousand in 2016.
Global millet production was estimated at 27.8 million tons. India is the largest producer, at 41.04%, in the world. In the last two decades, the importance of millet as food staples, particularly in India, has been declining due to various factors that include rising incomes, growing urbanization, and government policies.
Key Topics Covered:
1. Introduction
2. Research Scope & Methodology
3. Market Dynamics
4. Market Segmentation
5. Future Outlook of the Market
6. Appendix
7. Disclaimer
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