Millet Snacks Market By Type (Extruded Products, Bakery Snacks), By Age Group (Millennials, Generation X, Baby boomers), By Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031

Description

List of Tables

The millet snacks market size was valued at $2,352.6 million in 2021 and is estimated to reach $3,736.6 million by 2031, registering a CAGR of 4.9% from 2022 to 2031. Millet is a pseudo-grain and a member of the grass family Poaceae which produces a dry, edible one-seeded fruit, caryopsis, commonly called a kernel, grain or berry. The grain has a moderate flavor and is tiny, spherical, and relatively soft. One of the easiest to digest and least allergic grains is millet. The need for a variety of healthy snacking options has increased due to rise in health concerns as well as changes in lifestyles and eating habits around the world. Snacking more frequently in place of meals and the desire for vegan and allergen-free snacks are two important trends driving the business. Niacin, which is abundant in millet, aids the body in controlling more than 400 enzyme reactions. Niacin is crucial for healthy skin and proper organ operation. Furthermore, it enhances digestion health and helps to regulate body sugar.

The significant increase in demand for healthy food among a larger number of consumers across the globe notably contributes to the growth of the global millet snacks market. Food products that are healthier and more nutritious are gaining popularity with the current generation of consumers, especially the millennials and generation Z. Thus, consumers have been placing a strong priority on healthy eating practices and balanced meals, to get the greatest nutritional benefits for the body. Some of the most nutrient-dense cereal grains and seeds on the market are millet. They are low in carbs and high in all macronutrients. Moreover, the increase in the use of millet seeds in snack production is driving the growth of the market. Millet seeds are nutritious food grains that have different health benefits; they have a bland taste. Engaged stakeholders are trying to incorporate millet seeds in different types of snacks making it easier for consumers to have millets to increase the popularity of the consumption of millets.

In addition, the surge in the adoption of millets as a power food source is anticipated to offer potential opportunities for the expansion of the millet snacks market. Power food provides quick energy and nutrients to the body either via a meal or in the form of a nutrition supplement. Millets contain high protein content that helps provide energy to the body. Breakfast cereals made from millet seeds can help provide enough energy for the whole day. However, lack of access to quality millet seeds is the biggest reason for low production of millet snacks considerably expected to hinder the growth of the millet snacks market during the forecast period. Furthermore, inadequate primary processing at the village level and a huge distance between production units to processing units have inflated the cost of processed millet products. Thus, such factors are hampering the growth of the market.

According to the millet snacks market analysis, the millet snacks market is segmented into type, age group, distribution channel and region. By type, it is segregated into extruded products and bakery snacks. Extruded products are further segmented into namkeen, noodles, chips and others. On the basis of age group, market is segmented into millennials, generation X and baby boomers. Based on distribution channel, the market is categorized into online and offline. Offline segment further studied through hypermarket & supermarket, specialty stores, convenience stores, departmental stores, and others. Based on region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Belgium, Russia and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, Indonesia and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia and Rest of LAMEA).

The major players operating in the market are Milletsnacks.com, Healthy Master, www.sweetkaramcoffee.in, orgtree, Moon Food, Urban Millets Pvt Ltd, Nativefoodtore, HiYou, Cicer Food Products and Slurrp Farm.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the millet snacks market analysis from 2021 to 2031 to identify the prevailing millet snacks market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the millet snacks market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global millet snacks market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

Extruded Products
- Sub type
- Namkeen
- Noodles
- Chips
- Others
Bakery Snacks

By Age Group

Millennials
Generation X
Baby boomers

By Distribution Channel

Online
Offline
- Sub channel
- Hypermarket and Supermarket
- Specialty Stores
- Convenience Stores
- Departmental Stores
- Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Belgium
- Russia
- Rest Of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Rest Of Asia-Pacific
LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest Of LAMEA
Key Market Players
- Milletsnacks.com
- Healthy Master
- www.sweetkaramcoffee.in
- URBAN MONK PRIVATE LIMITED
- Orgtree
- Moon Foods
- Urban Millets Pvt Ltd
- Nativefoodstore
- HiYou
- Cicer Food Products

Product Code: A16885

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO Perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings
- 3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Top player positioning
3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market

CHAPTER 4: MILLET SNACKS MARKET, BY TYPE

4.1 Overview
- 4.1.1 Market size and forecast
4.2 Extruded Products
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.2.4 Extruded Products Millet Snacks Market by Sub type
  - 4.2.4.1 Namkeen Market size and forecast, by region
  - 4.2.4.2 Namkeen Market size and forecast, by country
  - 4.2.4.3 Noodles Market size and forecast, by region
  - 4.2.4.4 Noodles Market size and forecast, by country
  - 4.2.4.5 Chips Market size and forecast, by region
  - 4.2.4.6 Chips Market size and forecast, by country
  - 4.2.4.7 Others Market size and forecast, by region
  - 4.2.4.8 Others Market size and forecast, by country
4.3 Bakery Snacks
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country

CHAPTER 5: MILLET SNACKS MARKET, BY AGE GROUP

5.1 Overview
- 5.1.1 Market size and forecast
5.2 Millennials
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
5.3 Generation X
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
5.4 Baby boomers
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country

CHAPTER 6: MILLET SNACKS MARKET, BY DISTRIBUTION CHANNEL

6.1 Overview
- 6.1.1 Market size and forecast
6.2 Online
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
6.3 Offline
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
- 6.3.4 Offline Millet Snacks Market by Sub channel
  - 6.3.4.1 Hypermarket and Supermarket Market size and forecast, by region
  - 6.3.4.2 Hypermarket and Supermarket Market size and forecast, by country
  - 6.3.4.3 Specialty Stores Market size and forecast, by region
  - 6.3.4.4 Specialty Stores Market size and forecast, by country
  - 6.3.4.5 Convenience Stores Market size and forecast, by region
  - 6.3.4.6 Convenience Stores Market size and forecast, by country
  - 6.3.4.7 Departmental Stores Market size and forecast, by region
  - 6.3.4.8 Departmental Stores Market size and forecast, by country
  - 6.3.4.9 Others Market size and forecast, by region
  - 6.3.4.10 Others Market size and forecast, by country

CHAPTER 7: MILLET SNACKS MARKET, BY REGION

7.1 Overview
- 7.1.1 Market size and forecast
7.2 North America
- 7.2.1 Key trends and opportunities
- 7.2.2 North America Market size and forecast, by Type
  - 7.2.2.1 North America Extruded Products Millet Snacks Market by Sub type
- 7.2.3 North America Market size and forecast, by Age Group
- 7.2.4 North America Market size and forecast, by Distribution Channel
  - 7.2.4.1 North America Offline Millet Snacks Market by Sub channel
- 7.2.5 North America Market size and forecast, by country
  - 7.2.5.1 U.S.
  - 7.2.5.1.1 Market size and forecast, by Type
  - 7.2.5.1.1.1 U.S. Extruded Products Millet Snacks Market by Sub type
  - 7.2.5.1.2 Market size and forecast, by Age Group
  - 7.2.5.1.3 Market size and forecast, by Distribution Channel
  - 7.2.5.1.3.1 U.S. Offline Millet Snacks Market by Sub channel
  - 7.2.5.2 Canada
  - 7.2.5.2.1 Market size and forecast, by Type
  - 7.2.5.2.1.1 Canada Extruded Products Millet Snacks Market by Sub type
  - 7.2.5.2.2 Market size and forecast, by Age Group
  - 7.2.5.2.3 Market size and forecast, by Distribution Channel
  - 7.2.5.2.3.1 Canada Offline Millet Snacks Market by Sub channel
  - 7.2.5.3 Mexico
  - 7.2.5.3.1 Market size and forecast, by Type
  - 7.2.5.3.1.1 Mexico Extruded Products Millet Snacks Market by Sub type
  - 7.2.5.3.2 Market size and forecast, by Age Group
  - 7.2.5.3.3 Market size and forecast, by Distribution Channel
  - 7.2.5.3.3.1 Mexico Offline Millet Snacks Market by Sub channel
7.3 Europe
- 7.3.1 Key trends and opportunities
- 7.3.2 Europe Market size and forecast, by Type
  - 7.3.2.1 Europe Extruded Products Millet Snacks Market by Sub type
- 7.3.3 Europe Market size and forecast, by Age Group
- 7.3.4 Europe Market size and forecast, by Distribution Channel
  - 7.3.4.1 Europe Offline Millet Snacks Market by Sub channel
- 7.3.5 Europe Market size and forecast, by country
  - 7.3.5.1 UK
  - 7.3.5.1.1 Market size and forecast, by Type
  - 7.3.5.1.1.1 UK Extruded Products Millet Snacks Market by Sub type
  - 7.3.5.1.2 Market size and forecast, by Age Group
  - 7.3.5.1.3 Market size and forecast, by Distribution Channel
  - 7.3.5.1.3.1 UK Offline Millet Snacks Market by Sub channel
  - 7.3.5.2 Germany
  - 7.3.5.2.1 Market size and forecast, by Type
  - 7.3.5.2.1.1 Germany Extruded Products Millet Snacks Market by Sub type
  - 7.3.5.2.2 Market size and forecast, by Age Group
  - 7.3.5.2.3 Market size and forecast, by Distribution Channel
  - 7.3.5.2.3.1 Germany Offline Millet Snacks Market by Sub channel
  - 7.3.5.3 France
  - 7.3.5.3.1 Market size and forecast, by Type
  - 7.3.5.3.1.1 France Extruded Products Millet Snacks Market by Sub type
  - 7.3.5.3.2 Market size and forecast, by Age Group
  - 7.3.5.3.3 Market size and forecast, by Distribution Channel
  - 7.3.5.3.3.1 France Offline Millet Snacks Market by Sub channel
  - 7.3.5.4 Italy
  - 7.3.5.4.1 Market size and forecast, by Type
  - 7.3.5.4.1.1 Italy Extruded Products Millet Snacks Market by Sub type
  - 7.3.5.4.2 Market size and forecast, by Age Group
  - 7.3.5.4.3 Market size and forecast, by Distribution Channel
  - 7.3.5.4.3.1 Italy Offline Millet Snacks Market by Sub channel
  - 7.3.5.5 Belgium
  - 7.3.5.5.1 Market size and forecast, by Type
  - 7.3.5.5.1.1 Belgium Extruded Products Millet Snacks Market by Sub type
  - 7.3.5.5.2 Market size and forecast, by Age Group
  - 7.3.5.5.3 Market size and forecast, by Distribution Channel
  - 7.3.5.5.3.1 Belgium Offline Millet Snacks Market by Sub channel
  - 7.3.5.6 Russia
  - 7.3.5.6.1 Market size and forecast, by Type
  - 7.3.5.6.1.1 Russia Extruded Products Millet Snacks Market by Sub type
  - 7.3.5.6.2 Market size and forecast, by Age Group
  - 7.3.5.6.3 Market size and forecast, by Distribution Channel
  - 7.3.5.6.3.1 Russia Offline Millet Snacks Market by Sub channel
  - 7.3.5.7 Rest of Europe
  - 7.3.5.7.1 Market size and forecast, by Type
  - 7.3.5.7.1.1 Rest of Europe Extruded Products Millet Snacks Market by Sub type
  - 7.3.5.7.2 Market size and forecast, by Age Group
  - 7.3.5.7.3 Market size and forecast, by Distribution Channel
  - 7.3.5.7.3.1 Rest of Europe Offline Millet Snacks Market by Sub channel
7.4 Asia-Pacific
- 7.4.1 Key trends and opportunities
- 7.4.2 Asia-Pacific Market size and forecast, by Type
  - 7.4.2.1 Asia-Pacific Extruded Products Millet Snacks Market by Sub type
- 7.4.3 Asia-Pacific Market size and forecast, by Age Group
- 7.4.4 Asia-Pacific Market size and forecast, by Distribution Channel
  - 7.4.4.1 Asia-Pacific Offline Millet Snacks Market by Sub channel
- 7.4.5 Asia-Pacific Market size and forecast, by country
  - 7.4.5.1 China
  - 7.4.5.1.1 Market size and forecast, by Type
  - 7.4.5.1.1.1 China Extruded Products Millet Snacks Market by Sub type
  - 7.4.5.1.2 Market size and forecast, by Age Group
  - 7.4.5.1.3 Market size and forecast, by Distribution Channel
  - 7.4.5.1.3.1 China Offline Millet Snacks Market by Sub channel
  - 7.4.5.2 India
  - 7.4.5.2.1 Market size and forecast, by Type
  - 7.4.5.2.1.1 India Extruded Products Millet Snacks Market by Sub type
  - 7.4.5.2.2 Market size and forecast, by Age Group
  - 7.4.5.2.3 Market size and forecast, by Distribution Channel
  - 7.4.5.2.3.1 India Offline Millet Snacks Market by Sub channel
  - 7.4.5.3 Japan
  - 7.4.5.3.1 Market size and forecast, by Type
  - 7.4.5.3.1.1 Japan Extruded Products Millet Snacks Market by Sub type
  - 7.4.5.3.2 Market size and forecast, by Age Group
  - 7.4.5.3.3 Market size and forecast, by Distribution Channel
  - 7.4.5.3.3.1 Japan Offline Millet Snacks Market by Sub channel
  - 7.4.5.4 Australia
  - 7.4.5.4.1 Market size and forecast, by Type
  - 7.4.5.4.1.1 Australia Extruded Products Millet Snacks Market by Sub type
  - 7.4.5.4.2 Market size and forecast, by Age Group
  - 7.4.5.4.3 Market size and forecast, by Distribution Channel
  - 7.4.5.4.3.1 Australia Offline Millet Snacks Market by Sub channel
  - 7.4.5.5 Indonesia
  - 7.4.5.5.1 Market size and forecast, by Type
  - 7.4.5.5.1.1 Indonesia Extruded Products Millet Snacks Market by Sub type
  - 7.4.5.5.2 Market size and forecast, by Age Group
  - 7.4.5.5.3 Market size and forecast, by Distribution Channel
  - 7.4.5.5.3.1 Indonesia Offline Millet Snacks Market by Sub channel
  - 7.4.5.6 Rest of Asia-Pacific
  - 7.4.5.6.1 Market size and forecast, by Type
  - 7.4.5.6.1.1 Rest of Asia-Pacific Extruded Products Millet Snacks Market by Sub type
  - 7.4.5.6.2 Market size and forecast, by Age Group
  - 7.4.5.6.3 Market size and forecast, by Distribution Channel
  - 7.4.5.6.3.1 Rest of Asia-Pacific Offline Millet Snacks Market by Sub channel
7.5 LAMEA
- 7.5.1 Key trends and opportunities
- 7.5.2 LAMEA Market size and forecast, by Type
  - 7.5.2.1 LAMEA Extruded Products Millet Snacks Market by Sub type
- 7.5.3 LAMEA Market size and forecast, by Age Group
- 7.5.4 LAMEA Market size and forecast, by Distribution Channel
  - 7.5.4.1 LAMEA Offline Millet Snacks Market by Sub channel
- 7.5.5 LAMEA Market size and forecast, by country
  - 7.5.5.1 Brazil
  - 7.5.5.1.1 Market size and forecast, by Type
  - 7.5.5.1.1.1 Brazil Extruded Products Millet Snacks Market by Sub type
  - 7.5.5.1.2 Market size and forecast, by Age Group
  - 7.5.5.1.3 Market size and forecast, by Distribution Channel
  - 7.5.5.1.3.1 Brazil Offline Millet Snacks Market by Sub channel
  - 7.5.5.2 South Africa
  - 7.5.5.2.1 Market size and forecast, by Type
  - 7.5.5.2.1.1 South Africa Extruded Products Millet Snacks Market by Sub type
  - 7.5.5.2.2 Market size and forecast, by Age Group
  - 7.5.5.2.3 Market size and forecast, by Distribution Channel
  - 7.5.5.2.3.1 South Africa Offline Millet Snacks Market by Sub channel
  - 7.5.5.3 Saudi Arabia
  - 7.5.5.3.1 Market size and forecast, by Type
  - 7.5.5.3.1.1 Saudi Arabia Extruded Products Millet Snacks Market by Sub type
  - 7.5.5.3.2 Market size and forecast, by Age Group
  - 7.5.5.3.3 Market size and forecast, by Distribution Channel
  - 7.5.5.3.3.1 Saudi Arabia Offline Millet Snacks Market by Sub channel
  - 7.5.5.4 Rest of LAMEA
  - 7.5.5.4.1 Market size and forecast, by Type
  - 7.5.5.4.1.1 Rest of LAMEA Extruded Products Millet Snacks Market by Sub type
  - 7.5.5.4.2 Market size and forecast, by Age Group
  - 7.5.5.4.3 Market size and forecast, by Distribution Channel
  - 7.5.5.4.3.1 Rest of LAMEA Offline Millet Snacks Market by Sub channel

CHAPTER 8: COMPANY LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES

9.1 Milletsnacks.com
- 9.1.1 Company overview
- 9.1.2 Company snapshot
- 9.1.3 Operating business segments
- 9.1.4 Product portfolio
- 9.1.5 Business performance
- 9.1.6 Key strategic moves and developments
9.2 Healthy Master
- 9.2.1 Company overview
- 9.2.2 Company snapshot
- 9.2.3 Operating business segments
- 9.2.4 Product portfolio
- 9.2.5 Business performance
- 9.2.6 Key strategic moves and developments
9.3 www.sweetkaramcoffee.in
- 9.3.1 Company overview
- 9.3.2 Company snapshot
- 9.3.3 Operating business segments
- 9.3.4 Product portfolio
- 9.3.5 Business performance
- 9.3.6 Key strategic moves and developments
9.4 URBAN MONK PRIVATE LIMITED
- 9.4.1 Company overview
- 9.4.2 Company snapshot
- 9.4.3 Operating business segments
- 9.4.4 Product portfolio
- 9.4.5 Business performance
- 9.4.6 Key strategic moves and developments
9.5 Orgtree
- 9.5.1 Company overview
- 9.5.2 Company snapshot
- 9.5.3 Operating business segments
- 9.5.4 Product portfolio
- 9.5.5 Business performance
- 9.5.6 Key strategic moves and developments
9.6 Moon Foods
- 9.6.1 Company overview
- 9.6.2 Company snapshot
- 9.6.3 Operating business segments
- 9.6.4 Product portfolio
- 9.6.5 Business performance
- 9.6.6 Key strategic moves and developments
9.7 Urban Millets Pvt Ltd
- 9.7.1 Company overview
- 9.7.2 Company snapshot
- 9.7.3 Operating business segments
- 9.7.4 Product portfolio
- 9.7.5 Business performance
- 9.7.6 Key strategic moves and developments
9.8 Nativefoodstore
- 9.8.1 Company overview
- 9.8.2 Company snapshot
- 9.8.3 Operating business segments
- 9.8.4 Product portfolio
- 9.8.5 Business performance
- 9.8.6 Key strategic moves and developments
9.9 HiYou
- 9.9.1 Company overview
- 9.9.2 Company snapshot
- 9.9.3 Operating business segments
- 9.9.4 Product portfolio
- 9.9.5 Business performance
- 9.9.6 Key strategic moves and developments
9.10 Cicer Food Products
- 9.10.1 Company overview
- 9.10.2 Company snapshot
- 9.10.3 Operating business segments
- 9.10.4 Product portfolio
- 9.10.5 Business performance
- 9.10.6 Key strategic moves and developments