Sorghum & sorghum seeds Market Grows with Rapid Pace

Sorghum and Sorghum Seeds Market

Opportunities and Forecasts, 2014- 2022

INTRODUCTION

• The sorghum and sorghum seeds market was valued at $8,279 million in 2016, and is projected to reach $10,591 million by 2023, growing at a CAGR of 3.6% from 2017 to 2023. • Sorghum can be grown as a forage, grain, or sweet crop and is among the most efficient crops in conversion of solar energy into chemical energy, use of water, and is known as a drought tolerant, high energy environmentally friendly crop.

• Increase in demand for sorghum as an alternative sweetener for various alcoholic beverages is one of the key factors that drives the growth of the market. Also being a versatile crop, sorghum is used in various rapidly growing markets such as fencing, floral arrangements, pet food, building material, and others.

Sorghum and Sorghum Seeds Market

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OVERVIEW

• Sorghum is a versatile crop, which belongs to the grass family Poaceae. It is used as human feed and livestock feed and the rest is turned into ethanol. It is a popular crop to grow within the drier regions, since it is drought resistant and shows efficient yields even in regions with scarcity of water. • Sorghum is efficient in converting solar energy to chemical energy, and also uses less water compared to other grain crops. Biofuel is produced using sweet and biomass sorghum and is being developed with biomass, which can be turned into syngas, charcoal, and bio-oil. • Increase in demand for gluten free feed is expected to provide lucrative opportunities for the players operating in the global sorghum and sorghum seeds market.

KEY BENEFITS • The biofuel and ethanol segment is anticipated to grow at the highest CAGR during the analysis period.

• The human feed application segment accounted for the highest share in the market and is anticipated to maintain its dominance throughout the forecast period growing at a CAGR of 3.8%.

• LAMEA is projected to maintain its lead position from 2017 to 2023, growing at a CAGR of 4.3%, in terms of volume.

• The grain sorghum segment occupied for nearly half of the total market in 2016.

• China occupied for around one-fourths of the Asia-Pacific market in 2016.

• In terms of value, South Africa is expected to grow at a significant CAGR of 4.0% during the forecast period.

Sorghum and Sorghum Seeds Market : By Application

Sorghum and Sorghum Seeds Market : By Geography Geographically, the market is segmented into:

KEY PLAYERS

• Key market players have invested in R&D activities to develop advanced products to cater to the growing requirements of the consumers. The players operating in the industry include National Sweet Sorghum Producers & Processors Assn, National Sorghum Producers, Sorghum Forum Of South Africa, Shri Lal Mahal Group. • The other players in the value chain (profiles not included in the report) include Associated British Foods, General Mills, Sai Agro Exim, and SEMO Milling, Chromatin Inc., Bunge Limited, Cargill Incorporated, Dow AgroSciences LLC, Blue River Hybrids, Taj Agro International Ltd., and others.

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