LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global finger millet market to grow at a CAGR of over 3% during the forecast period, according to their latest market research report.
The increasing use of finger millet to control diabetes is one of the major trends being witnessed in the global finger millet market 2018-2022. Finger millet is rich in fiber and low in glycemic index. It also contains dietary fibers and polyphenols. The low glycemic index allows food to get digested slowly by keeping the blood sugar level at a moderate rate. Finger millets are known to increase insulin sensitivity among people with diabetes and are also very effective in containing sugar levels in both type 2 diabetic and non-diabetic consumers. A balanced consumption of finger millets is said to lower excess glucose levels by 32%, and is, therefore, recommended for diabetic patients. Phytochemicals are found in substantial amounts on the outer layer of the grains, which bind bile salts and promote cholesterol flow in the body. Therefore, this aspect is identified as a positive trend that will benefit the global finger millet market over the forecast period.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
According to Technavio analysts, one of the key factors contributing to the growth of the global finger millet market is the increasing demand for a gluten-free diet:
Global finger millet market: increase in demand for a gluten-free diet
Food allergies and intolerance are growing economic concerns and call for products that serve specific customer requirements. Some people are allergic to food containing gluten, while others have celiac disease, which makes it very difficult for them to digest the protein in food. This has given a fillip to the gluten-free food market. Finger millet is a crop that is akin to wheat but is completely gluten free. It is becoming popular among gluten-free products and is gaining momentum as a gluten-free diet.
The increasing trend among consumers for a gluten-free lifestyle to improve health and gain more control over their diet has led to the high adoption of gluten-free food. Finger millets offer the perfect alternative to people with many health-related problems. Therefore, these factors will positively impact the global finger millet market.
According to a senior analyst at Technavio for research on food, “Apart from factors such as increase in gluten-free diets that is boosting the growth of the global market, other aspects such as the rise in new product launches, and growth in packaging and distributions channels are also influencing the growth of the global finger millet market globally.”
Global finger millet market: Segmentation analysis
The global finger millet market research report provides market segmentation by application (food source, fodder, baking, and others), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The APAC region held the largest share of the market in 2017, accounting for over 43% share, followed by the EMEA and the Americas respectively. However, during the forecast period, the Americas is expected to register the highest incremental growth followed by the EMEA region.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
