Sorghum Market Size, Strategic Analysis, Growth Drivers, Industry Trends, Demand and Future Opportunities and Forecast Period

 In 2023, the global sorghum market is predicted to be worth USD 23.1 billion, with a compound annual growth rate (CAGR) of 5.6% anticipated over the forecast period. Because of its many uses as a staple food in places like Asia and Africa, the market is expanding. Sorghum is becoming more and more popular in food items, particularly in the gluten-free and functional food industries, as consumers become more aware of its health benefits due to its high fiber, antioxidant, and gluten-free qualities.

 


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Growth Drivers

The demand for sorghum farmed organically is being driven by consumers' growing desire for organic products. Productivity and market supply are increased by the creation of high-yield, pest-resistant, and biofortified sorghum varieties. Sorghum production is encouraged by policies that support sustainable agriculture and food security, particularly in Africa and India. With 8.2 million metric tons produced in 2023, the United States leads the world in sorghum production. Nigeria and Sudan are second and third, respectively. The industry is expanding because to the growing popularity of sorghum beverages made with alcohol.

Energy, protein, carbohydrates, crude fiber, calcium, and iron are all abundant in sorghum. The market is expanding as a result of rising demand for sorghum as a livestock feed grain. The market is expanding as a result of growing health consciousness.

Sorghum Type

·         Forage Sorghum

·         Grain Sorghum

·         Biomass Sorghum

·         Sweet Sorghum

 Sorghum End use

·         B2B

o   Food & Beverages

o   Animal Feed

o   Ethanol Production

o   Others

o   B2C

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

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

·         Other Players

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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