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

Sorghum And Sorghum Seeds Industry Prospective:

Approximately USD 11.80 billion was the value of the global sorghum and sorghum seeds market in 2022. This market is expected to increase to approximately USD 15.91 billion by 2030, with a compound annual growth rate (CAGR) of approximately 3.80% between 2023 and 2030.

The study examines the drivers, obstacles, and effects on demand for sorghum and sorghum seeds globally during the course of the forecast period. The paper also looks at new potential in the sorghum and sorghum seed sector.

Global Sorghum and Sorghum Seeds Market: Overview

The market for sorghum and sorghum seeds was valued at 1,230.8 million globally in 2020, and throughout the course of the forecast period, it is anticipated to grow at a CAGR of 3.8. The remaining sorghum is fermented to produce ethanol, while the rest is fed to livestock and humans. Because of its drought tolerance and ability to yield large amounts of food even in dry conditions, it is a widely planted crop in desert regions. While one species is grown for grain, numerous other species—whether native to grazing pastures or grown—are used as fodder plants in warm climates worldwide. Compared to other grain crops, sorghum requires less water and efficiently transforms solar energy into chemical energy. Sweet and biomass sorghum are used to make biofuel, which is being investigated.

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Global Sorghum and Sorghum Seeds Market: Growth Factors

The market for sorghum and sorghum seeds is expanding quickly worldwide. A major factor propelling the market's expansion is the growing demand for sorghum as a substitute sweetener for a number of alcoholic beverages. Furthermore, the main factor driving the growth of the global market is the increasing use of sorghum seeds. Sorghum is a highly versatile commodity that finds extensive application in livestock feed, hence contributing to the global market for sorghum and sorghum seeds. The sector is also expanding as a result of growing demand for biofuels and rising costs for fossil fuels and crude oil. Furthermore, nations are investing heavily in the growth of the sorghum seed sector in order to utilize barren land.

The ability of sorghum to tolerate temperature swings, toxicity in the soil, and drought better than other feed crops is advantageous. Sorghum's low input and low risk characteristics, or its capacity to adapt to drier and less productive settings, give it a significant advantage over maize and other rival crops. This promotes market expansion in turn. Additionally, during the projected year, there should be various possibilities for the growth of the worldwide sorghum and sorghum seeds market due to technological advancement and an increase in R&D activities. For example, in June 2020, Alta Seeds introduced a novel herbicide-tolerant grain sorghum technology that allows farmers to control grassy and broadleaf weeds with an excessive pesticide. However, a spike in prices could hinder the market for sorghum and sorghum seeds from expanding.

Global Sorghum and Sorghum Seeds Market: Segmentation

The market for sorghum and sorghum seeds worldwide is divided into three segments: type, application, and geography. The global market is split into four categories based on the type: sweet sorghum, biomass sorghum, forage sorghum, and grain sorghum. The markets for sorghum and sorghum seeds are divided into three categories: ethanol & biofuel, human feed, and livestock feed.

Global Sorghum and Sorghum Seeds Market: Regional Analysis

The markets for sorghum and sorghum seeds are anticipated to be dominated by Latin America, the Middle East, and Africa, followed by North America and Asia Pacific. Over the course of the forecast period, rising nations in the LAMEA region are anticipated to sustain a robust growth rate due to the recent surge in the global economy. Moreover, heightened financial commitments from top producers guarantee swift market growth in these areas.

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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