What is Millet Seed Market Scope?
The millets are the vital food and fodder crops in developing regions, and are mostly gaining more importance across the globe. It is increasingly becoming populous, malnourished and facing large climatic uncertainties. Further, the millet seeds are modified to wide range of temperatures, moisture-regimes and input conditions supplying food and feed to millions of dryland farmers, mainly in the developing world. It is used to make bread, beer, cereal, and other dishes. Millet is known as one of the highly preferred staple food. With such huge inclinations, the demand for millet seed is continue to rise. Geographically, USA and Asia Pacific region is forecasted to grow with a higher growth rate than Europe region. Growing production of Millet Seeds and ongoing demand for biomethane across the European economies creating growth opportunities for market in a fruitful manner.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Millet Seed market study is being classified by Type (Major Millets and Minor Millets), by Application (Food and Scientific Research) and major geographies with country level break-up.
Market players are focusing on providing millet seed with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified millet seeds to the farmers. The market is fragmented owing to the presence of several international and domestic providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market Analysts at AMA predicts that Vendors from United States and Indian will contribute to the maximum growth of Global Millet Seed market throughout the predicted period.
Dupont (United States), Bayer (Germany), Alta Seeds (United States), Allied Seed (United States), Eastern Colorado Seeds (United States), Johnston Seed Company (United States), Advanta Seeds (United Arab Emirates), Kaveri Seed Company Ltd. (India), Ganga Kaveri Seeds Pvt. Ltd. (India) and JK Agri Genetics Ltd. (India) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Millet Seed market by Type, Application and Region. On the basis of Type, Major Millets are dominating the market in the year 2021 where as Minor Millets stood as second largest market share.
On the basis of application, Food segment is dominating the market in the year 2021 where as Scientific Research segment stood as second largest market.
On the basis of geography, the market of Millet Seed has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2021. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
In 2021, Government of India has initiated Millet Mission" initiative. It is aimed for giving the farmers right price for small cereal crops with offering input assistance, procurement arrangements and ensure the benefits from the expertise of experts. Further, MoU has been signed between Indian Institute of Millet Research, Hyderabad and several Indian States for these "Millet Mission".
Seed Standard : The minimum percentage of pure seeds and maximum permissible limits for inert matter, other crop seeds have been prescribed. The maximum permissible limits for objectionable weeds, seeds infected by seed borne diseases have been prescribed to ensure goods seed health., The General Seed Certification Standards: Following specific standards constitute the standards for certification of millet seed. The certification of seeds will be limited to a maximum of two (2) generations from foundation seed. and Foundation and registered production fields must have 1,320 isolation from any other cross compatible millet. Certified fields must have 660 feet.
Influencing Market Trend
- Technological Innovation in Seed Technology
Market Drivers
- Increasing Requirement of Food Production
- Rising Usage of Biofuels & Animal Feed
Opportunities
- Upgrading in Seed Replacement Rate
- Growing Usage of Millet Seeds in Several Industries
Restraints
- High Cost of Millet Seed
- Impact of Unfavourable Weather on the Seed Production
Challenges
- Extensive Research & Approval Time Required in Development of New Seed Varieties
Key Target Audience
Millet Seed Manufacturers, Millet Seed Providers, Suppliers of Millet Seed, Wholesalers, Distributors, and Retailers of Millet Seed, Agricultural Industry, Governmental Bodies and Research Firms
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.