Finger Millet Market report key highlights
- Estimated year-on-year growth rate: 5.0%
- Key market segments: Application (food source, fodder, baking, and others) and geography (APAC, the Middle East and Africa, Europe, South America, and North America)
- Key Consumer Region & contribution: APAC at 45%
Finger Millet Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.51% |
Market growth 2022-2026 |
USD 3.61 billion |
Market structure |
Concentrated |
YoY growth (%) |
5.0 |
Regional analysis |
APAC, Middle East and Africa, Europe, South America, and North America |
Performing market contribution |
APAC at 45% |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Geewin Exim, Nature Bio Foods Ltd., Satvik Garden and Farm, Simosis International, and Timbaktu Organic |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Do reach out to our analysts for more customized reports as per needs. Speak to our Analyst now!
Finger Millet market trend
- Use of millets for diabetes control
Finger millets increase insulin sensitivity among people with diabetes. They are also highly effective in containing sugar levels in both type 2 diabetic and non-diabetic consumers. A balanced consumption of finger millets can lower excess glucose levels by 32%. Therefore, they are recommended for diabetic patients. The low glycemic index allows finger millet to be very compatible for use in the preparation of baked food and desserts for diabetics.
Finger Millet market challenge
- Shortage of millet processing units
The shortage of millet processing units near millet fields adds to the overhead cost of local producers. In addition, the mechanism of separating edible finger millets from the grits, weed seeds, small stones, and husk needs improvement. Such factors may limit the growth of the finger millet market during the forecast period.
View a report sample for extensive insights on key market Drivers, Trends, and Challenges influencing the market.
Key market vendor insights
The finger millet market is concentrated, and the vendors are deploying organic and inorganic growth strategies to compete in the market. Some of the key market vendors are:
- Geewin Exim
- Nature Bio Foods Ltd.
- Satvik Garden and Farm
- Simosis International
- Timbaktu Organic
For more detailed highlights on products offerings and the growth strategies adopted by other vendors, Download a sample report
Key Segment Analysis by application
- Food source
The food source segment will have significant market share growth during the forecast period. The growth of the market will be driven by the consumption of finger millet to help mitigate adverse health conditions such as high blood pressure, liver and heart problems, and asthma.
Regional Market Analysis
APAC will contribute to 45% of the global finger millet market share growth during the forecast period. India, China, and Russia are the major in the region. The significant increase in the production and consumption of finger millets, owing to the long summer months when other food resources become scarce, will drive the finger millet market growth in APAC during the forecast period.
Request our report sample for additional highlights and key segments that are expected to impact the market during the forecast period.
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Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Food source - Market size and forecast 2021-2026
- Exhibit 28: Chart on Food source - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Food source - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Food source - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Food source - Year-over-year growth 2021-2026 (%)
- 5.4 Fodder - Market size and forecast 2021-2026
- Exhibit 32: Chart on Fodder - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Fodder - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Fodder - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Fodder - Year-over-year growth 2021-2026 (%)
- 5.5 Baking - Market size and forecast 2021-2026
- Exhibit 36: Chart on Baking - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Baking - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Baking - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Baking - Year-over-year growth 2021-2026 (%)
- 5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Application
- Exhibit 44: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 North America - Market size and forecast 2021-2026
- Exhibit 66: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.8 India - Market size and forecast 2021-2026
- Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.9 Nigeria - Market size and forecast 2021-2026
- Exhibit 74: Chart on Nigeria - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Nigeria - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Nigeria - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Nigeria - Year-over-year growth 2021-2026 (%)
- 7.10 Russia - Market size and forecast 2021-2026
- Exhibit 78: Chart on Russia - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Russia - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Russia - Year-over-year growth 2021-2026 (%)
- 7.11 China - Market size and forecast 2021-2026
- Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.12 Niger - Market size and forecast 2021-2026
- Exhibit 86: Chart on Niger - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Niger - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Niger - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Niger - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 Geewin Exim
- Exhibit 97: Geewin Exim - Overview
- Exhibit 98: Geewin Exim - Product / Service
- Exhibit 99: Geewin Exim - Key offerings
- 10.4 Nature Bio Foods Ltd.
- Exhibit 100: Nature Bio Foods Ltd. - Overview
- Exhibit 101: Nature Bio Foods Ltd. - Product / Service
- Exhibit 102: Nature Bio Foods Ltd. - Key offerings
- 10.5 Satvik Garden and Farm
- Exhibit 103: Satvik Garden and Farm - Overview
- Exhibit 104: Satvik Garden and Farm - Product / Service
- Exhibit 105: Satvik Garden and Farm - Key offerings
- 10.6 Simosis International
- Exhibit 106: Simosis International - Overview
- Exhibit 107: Simosis International - Product / Service
- Exhibit 108: Simosis International - Key offerings
- 10.7 Timbaktu Organic
- Exhibit 109: Timbaktu Organic - Overview
- Exhibit 110: Timbaktu Organic - Product / Service
- Exhibit 111: Timbaktu Organic - Key offerings
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 112: Inclusions checklist
- Exhibit 113: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 114: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 115: Research methodology
- Exhibit 116: Validation techniques employed for market sizing
- Exhibit 117: Information sources
- 11.5 List of abbreviations
- Exhibit 118: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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