Latin America 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 Latin America 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.
Latin America 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.
Latin America Sorghum Market - By Type:
Latin America Sorghum Market - By Application:
Geographical Analysis:
On the basis of geography, the Latin America Sorghum industry can be segmented into
The rising focus of key players on enhancing their market presence across the globe is estimated to encourage the growth of the market in the Latin America regions.
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 Latin America Sorghum market.
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