The global sorghum market is expected to reach USD 726.57 million in 2024 and reach USD 940.63 million by 2029, which is estimated to grow at a CAGR of 5.3% from 2024 to 2029.
Sorghum can be grown as a sweet crop or as a grain and is considered 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 are 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.
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 materials, 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.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
5.3% |
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Segments Covered |
By Type, Application, and Region |
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Various Analyses Covered |
Global, Regional, & Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
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 global Sorghum market, and Others. |
This research report on the global sorghum market is segmented and sub-segmented into the following categories.
Global Sorghum Market – By Type:
Global Sorghum Market – By Application:
Global Sorghum Market – By Region:
North America is expected to have the largest market share due to increasing demand for sorghum as an alternative sweetener for alcoholic beverages, followed by the Asia Pacific.
KEY MARKET 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 global Sorghum market.
Frequently Asked Questions
The largest share of the sorghum market is typically held by Africa, followed by North America. Africa leads primarily due to sorghum's role as a staple food crop in many countries within the region.
Climate change, with increasing temperatures and water scarcity, is actually boosting the sorghum market. Sorghum's drought-resistant nature makes it an attractive alternative to more water-intensive crops, thereby driving its adoption and cultivation.
The United States has been one of the largest producers of sorghum, contributing significantly to the global market, especially for uses in animal feed and ethanol production.
Sorghum's rich nutritional profile, including high fiber, protein, and antioxidant content, makes it attractive for health-conscious consumers, thereby influencing its market growth, especially in the food industry.
Trade challenges include tariffs, export restrictions, and competition from other grains. Fluctuating global commodity prices can also impact the profitability and stability of the sorghum market.
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