Sorghum

Sorghum

Global Sorghum Market to Reach US$14.5 Billion by 2030

The global market for Sorghum estimated at US$10.8 Billion in the year 2023, is expected to reach US$14.5 Billion by 2030, growing at a CAGR of 4.2% over the analysis period 2023-2030. Grain Sorghum, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$6.7 Billion by the end of the analysis period. Growth in the Forage Sorghum segment is estimated at 3.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.9 Billion While China is Forecast to Grow at 7.1% CAGR

The Sorghum market in the U.S. is estimated at US$2.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.5% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

Global Sorghum Market - Key Trends and Drivers Summarized

Sorghum, a versatile and hardy grain, has been cultivated for thousands of years, with its origins tracing back to ancient civilizations in Africa and India. As a crop, sorghum is exceedingly resilient, able to thrive in arid and semi-arid regions where other grains might fail, making it a critical staple for food security in many parts of the developing world. It is also a highly efficient plant, converting solar energy into biomass effectively with a lower water footprint compared to many other crops. Sorghum`s nutritional profile is impressive; it is gluten-free, rich in antioxidants, and packed with protein, fiber, and essential minerals such as iron and phosphorus. These attributes make sorghum a desirable ingredient in the diets of health-conscious consumers and those with dietary restrictions. In terms of its applications, sorghum is incredibly versatile, used not only for human consumption in the forms of flours, porridges, and alcoholic beverages but also as fodder for animals, biofuel, and as a sustainable building material.

In recent years, sorghum has seen a significant uptick in global relevance, driven by both its environmental benefits and its role in sustainable agriculture. As the world grapples with climate change, sorghum`s natural drought tolerance positions it as an ideal crop for sustainable agricultural practices. Innovations in agricultural techniques have further enhanced sorghum yields and quality, making it more attractive to farmers seeking reliable crops under challenging environmental conditions. The food industry has also begun to capitalize on sorghum`s nutritional benefits, incorporating it into a variety of food products aimed at health-conscious consumers. This has included everything from gluten-free bread and cereals to craft beers, where sorghum`s unique flavor profile can be a differentiator. Furthermore, sorghum`s potential as a biofuel has captured the interest of the energy sector, promoting research into more efficient conversion methods that could make sorghum-based bioethanol a more common renewable energy source.

The growth in the sorghum market is driven by several factors, including technological advancements in crop management and breeding, increased adoption by the food and beverage industry, and shifting consumer preferences. Recent developments in genetic research and biotechnology have led to more resilient sorghum strains that offer higher yields and improved resistance to pests and diseases. This technological progress has encouraged more farmers to cultivate sorghum, particularly in regions vulnerable to climate change. In the food industry, sorghum`s gluten-free property has made it a popular alternative to traditional cereals, aligning with growing consumer demand for gluten-free products. Additionally, its use in the production of biofuels has expanded due to technological improvements in fermentation processes, making it a more efficient and appealing option for bioenergy. Consumer trends towards more sustainable and nutritious food sources have further bolstered the market for sorghum, as individuals increasingly seek out crops that are both environmentally friendly and beneficial for health. Together, these factors are propelling the sorghum market toward a more prominent position in the global agricultural landscape, highlighting its potential as a key resource for meeting the food, energy, and environmental challenges of the future.

Select Competitors (Total 86 Featured) -

• Allied Seed, LLC
• Archer Daniels Midland Company (ADM)
• Ardent Mills
• Capstone Seeds S.A.
• Cargill, Incorporated
• Ernst Conservation Seeds
• JSS Exim
• Kaveri Seed Company Limited
• KWS SAAT SE & Co. KGaA
• Nu Life Market
• Ratnaraj Foods
• Seedway, LLC.
• Shree Raghvendra Agro Processors
• The Scoular Company
• Trimurti Plant Sciences Private Limited (TPSPL) ;

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