Sorghum By-Products Market | Global Industry Expected to Grow at CAGR of 5% by Forecast to 2023 Market Overview: Sorghum by-products are extracted from the processing of sorghum in various industries. It is rich in protein, carbohydrates, fibers, and other nutrients, which makes it useful in animal feed production industry. It is largely used in animal feed to increase the protein content in the animal feed. Moreover, it contributes to the waste reduction from industries. The most common types of sorghum by-products include sorghum bran, sorghum brewer's grains, sorghum DDGS, sorghum wine residue, sorghum gluten feed, sorghum germ feed and others. The growth of sorghum by-products market is mostly triggered by the growing demand for animal protein. High nutritive content and an alternative for conventional animal feed has raised the demand for sorghum by-products in the market. A wide expansion of ethanol production industry in regions like North America is boosting the growth of sorghum by-products market. Moreover, rising awareness of animal nutrition and healthy feed is boosting the growth of the market. Additionally, increasing demand for livestock based food consumption is adding fuel to the growth of sorghum by-products. However, availability of cheap substitutes may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 5% of sorghum by-products market during the forecast period 2017-2023. Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/5121 Downstream Analysis: Based on the type, sorghum by-products market is segmented into sorghum bran, sorghum brewer's grains, sorghum DDGS, sorghum wine residue, sorghum gluten feed, sorghum germ Tel: +1-646-845-9349
sales@marketresearchfuture.com