Global Sorghum Market is projected to be worth 40.47 billion by 2034 and is anticipated to surge at a CAGR of 5.65%.
Sorghum is a multipurpose cereal grain that is a member of the Poaceae family of grasses. Originally from Africa, this drought-tolerant crop is grown all over the world for industrial, food, and fodder purposes. The grain is an important nutritional staple since it is high in fibre, protein, carbs, and vital minerals like iron and phosphorus. People with celiac disease can eat sorghum because it is gluten-free. Bread, beer, syrups, animal feed, and porridge are all made using it. It is essential for food security in arid and semi-arid countries due to its climate tolerance and capacity to thrive in unfavourable soil conditions.
Drivers: Growing knowledge of sustainable farming methods is fueling sorghum demand. Farmers in dry areas can cultivate it because of its drought resistance, which promotes its use as a sustainable substitute for crops that require a lot of water. Health-conscious consumers find sorghum's nutritional profile appealing because it contains a high fibre content, antioxidants, and gluten-free qualities. Sorghum-based goods are predicted to witness a sharp increase in demand as more consumers look for nutrient-dense foods and gluten-free options. The sorghum market is being driven by the livestock industry's transition to alternate grains for animal feed. In the animal husbandry sector, sorghum is more appealing since it is an affordable alternative to corn, especially in feedlot operations.
Challenges: Other cereals like corn and wheat, which frequently have established supply networks and consumer preferences, compete fiercely with sorghum in the market. Market expansion and adoption rates may be constrained by this rivalry. In many markets, sorghum remains relatively unknown despite its advantages. Its acceptability and general demand may be hampered by customers' ignorance of its culinary applications and nutritional benefits. International trade policies, market speculation, and changing weather patterns can all have an impact on sorghum prices. The total supply may be impacted if farmers decide not to invest in growing sorghum as a result of this instability.
Market Trends: Sorghum products are becoming more efficient and high-quality due to advancements in processing technologies, which appeals to both manufacturers and customers. Sorghum is being used more often in food products as a result of the growing popularity of plant-based diets. Sorghum is ideally positioned to benefit from the growing trend of customers looking for plant-based, healthier solutions. Enhancing sorghum cultivars to increase yield, insect resistance, and nutritional value is the subject of increased agricultural research expenditure, which is anticipated to further spur market expansion.
Global Sorghum Market Key Players:
Cargill, Incorporated, ADM, Seedway LLC., Ernst Conservation Seeds, The Scoular Company, American Seed Co, Ardent Mills, Advanta Seeds, Nu Life Market, Welter Seed & Honey Co are just a few of the major market players that are thoroughly examined in this market study along with revenue analysis, market segments, and competitive landscape data.
Global Sorghum Market Segmentation:
By Type: Based on the Type, Global Sorghum Market is segmented as; Forage Sorghum, Grain Sorghum, Biomass Sorghum, Sweet Sorghum.
By Application: Based on the Application, Global Sorghum Market is segmented as; Human Consumption, Animal Feed.
By End User: Based on the End User, Global Sorghum Market is segmented as; B2B, B2C.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.