Asia Pacific Sorghum Market is worth USD xx million in 2021 and estimated to grow at a CAGR of xx.xx%, to reach USD xx million by 2026. The Asia Pacific Sorghum market is developing at an exceptionally quick pace.
Sorghum is a can be grown as a sweet crop or as a grain and is considered as one of the main five cereal crops. One species of sorghum is grown for grains while many other species are used as fodder plants, which are either cultivated in warm climates worldwide or naturalized, in pasture lands. Most varieties of the sorghum plant are drought- and heat-tolerant, and is especially essential in arid regions, where the grain is one of the staples for poor and rural people. These varieties are an important part of pastures in tropical regions.
Asia Pacific Sorghum Market Drivers:
Sorghum is mainly used as an alternative sweetener for various alcoholic beverages, which is the major driving factor. Also it is used in floral arrangements, fencing, building material, pet food and others which further propels the market growth. Also due to its versatility, it can reach beyond traditional markets, which enhances producer productivity.
Asia Pacific Sorghum Market – By Type:
Grain Sorghum
Asia Pacific Sorghum Market – By Application:
Geographical Analysis:
Asia Pacific is geographically segmented into
Asia Pacific is expected to have second largest market share due to increasing population and increasing demand of substitute sweetners.
Key Players:
National Sweet Sorghum Producers & Processors Assn, Shri Lal Mahal Group, Sorghum Forum of South Africa,National Sorghum Producers, Mabele Fuels, Richardson Seeds, DuPont, Advanta Seeds are the key players in the Asia Pacific Sorghum market.
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