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Sorghum and Sorghum Seeds Market by Type (Grain Sorghum, Forage Sorghum, Biomass Sorghum, and Sweet Sorghum) and by Application- Global Opportunity Analysis and Industry Forecast, 2017-2023

  • Publisher: Allied Market Research
  • Publication date: Sep. 17, 2017
  • Format: Electronic – PDF
  • Pages: 210
  • Price: $5370
 
Summary
Table of contents
The global 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 is an ancient grain originated in Africa and is now grown in different regions across the globe such as South America, China, India, and the U.S. Sorghum grows using less water and other natural resources and is often referred to as the camel of crops. Sorghum is naturally gluten free and is safe for the consumers suffering from celiac disease or gluten intolerance. Sorghum plantation is on a rapid increase since the crop gains importance as a versatile plant that can tolerate different soil toxicities, drought, and a wide range of temperatures and altitudes.

Increase in demand for flex fuel vehicles that need biofuel and rise in adoption of forage and sweet sorghum especially for cattle and livestock feed are anticipated to boost the market growth. Moreover, rapid urbanization, increase in commercialization of biofuel as well as rise in expenditure capability of the middle class population group especially in the densely populated emerging economies such as China and India are some other key aspects that drive the growth of the global sorghum and sorghum seeds market. Moreover, on account of its cost effectiveness and gluten free nature, sorghum finds extensive applications in ethanol production. Thus, rapid growth of the global alcoholic beverages industry is anticipated to drive the global sorghum and sorghum seeds market during the forecast period. However, increase in competition from alternatives coupled with changes in consumer preferences hamper the market growth.

The global sorghum and sorghum seeds market is segmented based on type, application, and geography. On the basis of type, the market is categorized into grain sorghum, forage sorghum, biomass sorghum, and sweet sorghum. On the basis of application, it is divided into human feed, biofuel & ethanol, and livestock feed. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global market focus on key market strategies such as mergers, acquisitions, collaborations, and partnerships. They also focus on strengthening their market reach to maintain their goodwill in the ever competitive market.

Some of the key players in the global market include:

    National Sweet Sorghum Producers & Processors Assn
    National Sorghum Producers
    Sorghum Forum Of South Africa
    Shri Lal Mahal Group
    Richardson Seeds
    Mabele Fuels
    Advanta Seeds US
    DuPont
    Archer Daniels Midland
    Ingredion.

KEY BENEFITS FOR STAKEHOLDERS

    This report provides a quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023 to assist in identifying the prevailing market opportunities.
    Major countries in each region are mapped according to the individual market revenue.
    The region-wise and country-wise sorghum market conditions are comprehensively analyzed.
    This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
    The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

KEY MARKET SEGMENTS

By Type

    Grain Sorghum
    Forage Sorghum
    Biomass Sorghum
    Sweet Sorghum

By Application

    Human Feed
    Biofuel and Ethanol
    Livestock Feed

By Region

    North America
        U.S.
        Canada
        Mexico
    Europe
        Germany
        Spain
        UK
        Italy
        France
        Rest of Europe
    Asia-Pacific
        China
        India
        Japan
        Australia
        Korea
        Rest of Asia-Pacific
    LAMEA
        Brazil
        KSA
        South Africa
        Rest of LAMEA

The other players in the value chain (profiles not included in the report) include:

    Associated British Foods
    General Mills
    Sai Agro Exim
    SEMO Milling
    Chromatin Inc.
    Bunge Limited
    Cargill Incorporated
    Dow AgroSciences LLC
    Blue River Hybrids
    Taj Agro International Ltd.
    La Crosse Seed LLC
    Hancock Farm and Seed Company
    Pacific Seeds
    Allied Seed LLC
    Dyna-Gro Seed

*The above list of companies is not profiled in the report, and can be added based on client interest.