Increasing Demand for Bird Seed to Push Proso Millet Market Through 2025

Selbyville,Delaware, United States,Nov 18 2020 (WiredRelease) Global Market Insights, Inc–:Global millets market is estimated to surpass USD 12 billion by 2025, cites a recent research by Global Market Insights, Inc. This rise is chiefly attributed to the high climate change compliance score of millets when compared to other grains such as rice and wheat.

The term millet applies to numerous grass crops whose seeds are harvested for feed or food. Millets are some of the oldest of cultivated crops, with foxtail millet, proso millet, pearl millet, barnyard millet, and browntop millet being the five prominent species to gain commercial importance in the past decades. Key players in the millets market comprise Inner Being Wellness Private Limited, Treta Agro Pvt. Ltd., Pristine Organics Pvt. Ltd., South Indian Grains Corporation, and others.

Myriad benefits propelling millet market demand:

Millets are becoming increasingly popular due to their high nutritional value and the marginal growing conditions. These nutri-cereals are being increasingly preferred, given that they are a rich source of anti-oxidants, phyto-chemicals, vitamins, minerals, in addition to essential fatty acids.

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These benefits prove to be beneficial in the eradication of myriad nutritional deficiency diseases. Keeping dry lands productive and ensuring food and nutritional security are additional millet benefits imperative in creating lucrative business prospects and attracting R&D investments from various regulatory bodies at the global level.

2023 to be the “International Year of Millets”

The U.N. Food and Agriculture Organization is on its way to endorse India’s proposal in the favor of declaring 2023 as the “International Year of Millets”, state reports.

The global acknowledgment by FAO will be imperative in opening up attractive business opportunities in millet production at the global level. Further, millets also possess a drought-resistant quality that makes it a preferable alternative amid problems of water supply shortage.

Additionally, various organizations such as the International Crop Research Institute for Semi-Arid Tropics (ICRISAT), have taken steps to invest in the development of a strand of pearl millet having greater resistance to disease and drought, prominently focusing on climate change issues and the several new challenges presented by it.

The funding for this initiative is ensured until 2020 in collaboration with Crop Trust, an international organization entirely dedicated to crop diversity conservation, and The Crop Wild Relative Project, a global organization that conserves and collects the wild relatives of 29 cultivated crops for ensuring future crop diversity.

Proso millet as an attractive feed in bird mixes:

Proso millets are prominently used as a component of grain mixes for cockatiels, parakeets, canaries, wild birds, finches, and lovebirds, and as feed for poultry, cattle, hogs, and sheep. Millet for birdfeed purposes is prominently grown under contract with red seed or large bright variety being the most preferred.

Commonly grown millets in the midwestern states in the U.S. comprise foxtail millet and proso millet with a barnyard grown in limited areas.

Numerous millet benefits pertaining to high protein values in comparison to wheat, sorghum, and corn, are likely to propel millets market outlook in the region of North America. Presence of higher fiber levels, and the ability to be cut as hay will add to further proso millet benefits, positively influencing millet market price trends over the estimated period.

In essence, surging millet preference as a healthy breakfast option, in addition to other natural and nourishing ingredients including plant protein, chia seeds, sesame seeds, almonds, and cashew nuts amongst others will bolster millets market growth through the coming years. Limited quantities of millet production in the developed countries, prominently for a high-value specialty market as bird seed will, however, hamper industry expansion to a certain extent. 

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source https://wiredrelease.com/press-release/increasing-demand-for-bird-seed-to-push-proso-millet-market-through-2025-2-2020-11-18