💡 A Deep Dive into India's $7.7 Billion Millets Industry
ReadOn Insights June Report: India's Millets Industry. Read on!
ReadOn Insights is our latest initiative to make quality industry insights available to all business owners, employees, professionals and investors and enable them to think sharper, deeper, smarter.
In the twenty second edition, we look at the $7.7 billion millet industry in India.
Do share your feedback on the report via a reply to this email!
👉 India's millet industry is growing at a 15% CAGR, much higher than the global 4.6% CAGR.
👉 Rising disposable incomes, urbanisation, increasing health consciousness and government initiatives are driving growth for millet-based foods.
👉 From millet flakes and muesli to energy bars and snacks, there are endless products in this space. Think dosa, chocolates, beverages, cookies and whatnot!
👉 India is the world’s largest millet producer yet challenges like low productivity in certain regions, limited farmer awareness and lack of infrastructure slow down the growth of this industry.
With established brands like Marico and Tata, and new age brands stirring innovation, the future of this industry looks very exciting!
🤓 Don’t want to miss out on more such research reports?
Join our ReadOn Exclusive Club!
Get regular updates, insights, and exclusive content that will keep you informed about the latest trends in emerging industries, and innovative ideas shaping India. Join now.