The finger millet market size is estimated to reach USD 4,683.93 million, progressing at a CAGR of 6.48% by 2027. The low maintenance of finger millet cultivation is a key factor driving the finger millet market growth.
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The finger millet market structure is fragmented in nature and the vendors are deploying growth strategies such as acquisitions, product launches, and others to promote their businesses in the global market. Some of the major finger millet market vendors are:
Based on geography, the finger millet market is segmented across APAC, the Middle East and Africa, Europe, South America, and North America. APAC is projected to contribute 45% of the finger millet market size by 2027. Finger millets are an important food source in APAC, especially in countries such as India and China. It is also used as a fodder crop due to its high nutritious value and digestibility. Moreover, finger millets are less expensive than other grains. These factors will drive the finger millet market growth in APAC.
The low maintenance of finger millet cultivation is a key factor driving the finger millet market value.
The rise in new product launches is the major finger millet market trend that will positively influence market growth.
Shortage of millet processing units is a major challenge to the finger millet market size.
Technavio’s research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the finger millet market. Download the PDF Sample Report
YOY growth rate of the finger millet market.
A diversified analysis of the market’s competitive landscape and detailed information about vendors.
Accurate prediction about upcoming trends and changes in consumer behavior across APAC, the Middle East and Africa, Europe, South America, and North America.
Comprehensive details of factors that will impact the growth of finger millet market vendors.
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