What is Sorghum Market?
Sorghum belongs to the grass family “Graminea” with about 30 species, one of which is raised for grain and many of which are used as fodder plants, either cultivated or as part of pasture. The plants are cultivated in warm climates worldwide. It is an important crop worldwide, used for food as grain and in sorghum syrup, fodder, the production of alcoholic beverages, and biofuels. Most varieties are drought- and heat-tolerant, and are especially important in dry regions, where the grain is one of the staples for poor and rural people. This is a cane like grass, up to 6m tall with large branched clusters of grains. Sorghum is also used such as floral arrangements, fencing, building material, pet food and others.
The market study is being classified by Type (Grain, Forage, Biomass and Sweet), by Application (Livestock Feed, Cereal and Flour, Syrup, Alcoholic Beverages, Ethanol and Biofuel) and major geographies with country level break-up.
National Sorghum Producers (United States), SHRI LAL MAHAL Group (India), Mabele Fuels (Republic of South Africa), Richardson Seeds (United States), DuPont Pioneer (United States), Seed Co Limited (Zimbabwe), Advanta Seeds US (United States), Archer Daniels Midland (United States), Sorghum Partners, Inc. (United States) and Kansas Grain Sorghum (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Sorghum market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sorghum market by Type, Application and Region.
On the basis of geography, the market of Sorghum has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand for Sorghum as an Alternative Sweetener
- Rising Demand for Biofuel and Ethanol
Market Trend
- Increasing Demand for Cheaper and Healthier Livestock Feed
- Increasing Production in Regions with Scarcity of Water
Restraints
- Changing Consumer Preferences
Opportunities
- Sorghum Syrup to Be Used As a Healthy Alternative
Challenges
- Increase in Number of Alternatives
Market Leaders and some development strategies
On Feb. 20, 2019 Richardson has acquired Agland Seed and Chemical Ltd., a retail crop inputs location in the community of La Crete, Alberta. This new location will complement Richardson’s nearest Ag Business Centre in High Level, Alberta.
On October 10, 2018 Advanta Seeds have launched igrowth, the first in the world commercial weed control technology for grain sorghum. Igrowth is Advanta Seeds proprietary non-GMO imidazoline tolerance trait in sorghum which allows to spray imidazolinone herbicides for weed control without causing damage to the crop and promoting a high yield and healthy crop.
Key Target Audience
Manufacturers of Sorghum, Suppliers of Sorghum, Wholesalers, Distributors and Retailers of Sorghum, Food Industry, Industry Association and Governmental Bodies