Sorghum And Sorghum Seeds Market Size, Share, Industry Analysis, Trends, Growth, Forecasts 2030

Sorghum And Sorghum Seeds Industry Prospective:

The global sorghum and sorghum seeds market size was worth around USD 11.80 Billion in 2022 and is predicted to grow to around USD 15.91 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 3.80% between 2023 and 2030.

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The report analyzes the global sorghum and sorghum seeds market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the sorghum and sorghum seeds industry. 

Global Sorghum and Sorghum Seeds Market: Overview

The global sorghum and sorghum seeds market was estimated at 1,230.8 million in 2020, and it is expected to expand at a CAGR of 3.8 over the forecast period. Sorghum is utilized as human feed and cattle feed, with the remainder being converted into ethanol. It is a popular crop to plant in arid areas since it is drought-tolerant and produces high yields even in areas with little water. One species is farmed for grain, but many others are utilized as fodder plants in warm areas across the world, either cultivated or native in grazing grounds. Sorghum converts solar energy to chemical energy efficiently and needs less water than other grain crops. Biofuel is made from sweet and biomass sorghum, and it is being explored with biomass, which can be used to make charcoal, syngas, and bio-oil.

Global Sorghum and Sorghum Seeds Market: Growth Factors

The global sorghum and sorghum seeds market is growing at a rapid rate. One of the primary reasons driving the market's growth is a rise in the desire for sorghum as an alternate sweetener for several alcoholic drinks. Further, the growth in sorghum seed in the daily diet is the primary aspect of the global market growth. Sorghum is also a versatile commodity and is widely used in livestock feed which is another driver fueling the global sorghum and sorghum seeds market. Furthermore, rising demand for biofuels, as well as rising crude oil and fossil fuel prices, are propelling the industry forward. In addition to this, countries are pouring money into the development of the sorghum seed industry to make use of desolate terrain where water is scarce.

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Sorghum benefits from its capacity to withstand drought, soil toxicity, and temperature fluctuations better than other feed crops. The main benefit of sorghum over maize and other competitive crops is its low-input and low-risk qualities, i.e., its ability to adapt to drier and less productive environments. This in turn fosters market growth. Furthermore, technological advancement and an increase in R&D activities are likely to have several opportunities for the growth of the global sorghum and sorghum seeds market during the forecast year. For instance, Alta Seeds unveiled in June 2020, a breakthrough herbicide-tolerant grain sorghum technology that enables farmers to manage broadleaf and grassy weeds using an over-the-top herbicide. However, the expansion of the sorghum and sorghum seeds market may be hampered by a rise in the number of options available as well as changes in customer preferences.

The COVID-19 pandemic effect was estimated to be low to moderate. The major impact on the market growth was seen due to restrictions on transportation and labor shortages.

Global Sorghum and Sorghum Seeds Market: Report Scope

Global Sorghum and Sorghum Seeds Market: Segmentation

The global sorghum and sorghum seeds market is segregated based on type, application, and region. Based on the type, the global market is divided into sweet sorghum, biomass sorghum, forage sorghum, and grain sorghum. Based on the application, the sorghum and sorghum seeds market is split into livestock feed, human feed, and ethanol & biofuel.

Global Sorghum and Sorghum Seeds Market: Regional Analysis

Latin America and the Middle East & Africa are expected to hold the maximum share of the global sorghum and sorghum seeds market followed by North America and Asia Pacific. Because of the spike in the global economy, emerging nations in the LAMEA area are expected to maintain a healthy growth rate over the forecast period. Furthermore, increased investment by leading manufacturers ensures rapid market expansion in these regions.

Global Sorghum and Sorghum Seeds Market: Competitive Players

The major players functioning in the global sorghum and sorghum seeds market include

• SEMO Milling
• Sai Agro Exim
• General Mills
• Associated British Foods
• Hancock Farm and Seed Company
• La Crosse Seed LLC
• Taj Agro International Ltd.
• Blue River Hybrids
• Alta Seeds
• Dow AgroSciences LLC.

The global sorghum and sorghum seeds market is segmented as follows:

By Type

• Sweet Sorghum
• Biomass Sorghum
• Forage Sorghum
• Grain Sorghum

By Application

• Livestock Feed
• Human Feed
• Ethanol & Biofuel

Global Sorghum and Sorghum Seeds Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of the Middle East & Africa

What Reports Provide

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, ongoing, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.