Sorghum Market Size, Share, Opportunities, And Trends By Product Type (Grain Sorghum, Sweet Sorghum, Forage Sorghum, Biomass Sorghum), By Application (Sorghum Planting, Sorghum Breeding), By End-User (Animal Feed, Food Industry, Wine Making, Others), And By Geography - Forecasts From 2024 To 2029

  • Published : May 2024
  • Report Code : KSI061615497
  • Pages : 145

The global sorghum market is expected to grow at a compound annual growth rate of 5.04% over the forecast period to reach a market size of US$19.928 billion in 2029, from US$14.128 billion in 2022.

Sorghum has nutritional content that is a great substitute for rice, wheat, and other fiber-rich grains. Additionally, sorghum (also known as Jowar) is a gluten-free grain, unlike other grains with its wide application ranging from human feed, bio feed, and animal feed. This wide utilization as well as their healthy nutritional content will propel the sorghum market growth.  Moreover, the rising development of hybrid sorghum with the technology and its less water usage property is the driving factor for the sorghum market globally.

Market Drivers:

  • Growing Demand for sorghum in the Animal Feed Industry is anticipated to boost the sorghum market.

Sorghum is becoming more and more in demand in the animal products business. For example, according to the KWS data, sorghum grain is mainly utilized for animal feeding in Europe. Since sorghum has higher levels of protein and nutritional values is fed to pigs, poultry, cattle, and other domestic animals. Additionally, In the US, the top supplier that produces sorghum is for the animal feeding industry requirement. This growing demand in the animal feed industry is expected to propel the sorghum market size during the forecasted period.

  • Increased government support and research initiatives are acting as growth drivers of the market

Consistent efforts are employed in the sorghum market by the government as well as associated institutions to encourage the higher production and cultivation of sorghum. As per the FDA, the United Nations General Assembly at its 75th session declared 2023 as the International Year of Millets (IYM 2023) which led to a rising awareness of the health benefits of millets, sorghum consumption.

Further, The Union Ministry of Agriculture has sanctioned Rs. 6.25 billion has been funded in recent years to 66 startups working to raise awareness and promote millet consumption. A sorghum breeding program initiated by the Government of India was launched in 1990 to develop double sorghum varieties and since then, the Indian Ministry of Agriculture reports a 25% increase in sorghum yield in India between 1991 and 2020. These continuous efforts and research activities are designed to contribute to the growth of the sorghum market.

  • The climate change and its adaptability are expected to affect the sorghum market growth positively.

Due to its exceptional drought resistance and warm-weather adaptability, sorghum is becoming more and more vital to produce and consume in this era of climate change. Further, climate change is proceeding at an alarming rate which could also contribute to market growth,  for instance, according to the reports published by NASA, the last decade 2011-2020 was the warmest on Earth and a rise of 2.8º on the global temperature is expected by the end of the century.

Sorghum is a crop for warmer climates with temperatures topping 90º Fahrenheit and hence, grown in the summer region With the changing climatic conditions, increasing temperatures, and severe droughts the production and cultivation of sorghum are anticipated to increase globally with more adoption by farmers resulting in increasing the sorghum market.

  • Rising awareness of sorghum’s health benefits is expected to drive the sorghum market expansion.

Sorghum's high nutritious content and especially its gluten-free nature are fueling the market's expansion. The usage of sorghum is becoming more and more popular as people become more health conscious. A University of Nebraska research estimates that 25% of Americans eat a gluten-free diet, and that number is predicted to rise in the years to come.

The micronutrient richness of sorghum, along with its high content of magnesium, copper, phosphorus, potassium, zinc, and vitamin B6, adds to its demand and helps to drive the expansion of the sorghum market.

North America is expected to rise significantly.

The North American sorghum market is predicted to contribute exponentially to the global production of sorghum. The US is the top supplier of sorghum with production of 600 million bushels in 2020 planted on 5.88 million acres of land in more than 12 states with Kansas leading the list among Texas, Oklahoma, Colorado, Nebraska, and South Dakota.

Moreover, as an alternative sweetener, sorghum demand in the region of North America is predicted to rise which will drive the sorghum market growth. Additionally, the advancement in technology for improved herbicides and hybrid seeds is anticipated to increase the sorghum market size in the region.

Sorghum Market Key Players:

  • Bayer CropScience SE- a life science business that has been serving the agriculture sector for more than 150 years. The company offers sorghum solutions under the brands SivantoTM Prime, Huskie®, Gaucho 600, Degree Xtra herbicide, and Roundup PowerMax®3 Herbicide.
  • KWS SAAT SE- It is a leading producer and supplier of sorghum. The KWS sorghum cultivars yield more and offer superior erosion protection, giving growers a larger return on their investment.
  • Corteva Agriscience- It is a known America-based exclusive seed company. The company's goal is to ensure progress for future generations in order to improve the lives of both producers and consumers. Farmers may maximize the amount of productive land by controlling annual grasses in fields with ZestTM WDG sorghum herbicide.

Key Market Developments:

  • September 2023- The U.S. Department of Agriculture awarded nearly $1 million to Kansas State University's program to boost grain sorghum research and innovation. The award enables the university to form a network of public and private groups to develop better seed traits for farmers. Kansas State University has invested in sorghum crop research, and its infrastructure has been identified as leading coordinated innovation across public programs and private seed industry partnerships.
  • June 2023- Kansas State University announced its collaboration project to work on challenges in sorghum and millet production. This project will help in increasing global production by sharing information on global crop problems such as diseases.
  • March 2023- the first-ever venture capital fund solely was launched by the collaborative Sorghum Marketing Transformation Program (cSmart) dedicated to attracting capital and creating opportunities for sorghum farmers and industry.
  • September 2022- National Sorghum Producers (NSP) announced that UPL NA Inc. (UPL) joined the NSP Industry Partner program as a sponsor. UPL is a Contributor level sponsor, providing critical products to sorghum farmers. UPL also provides the companion herbicide IMIFLEX™ to Alta Seeds igrowth® herbicide-tolerant sorghum.

Market Segmentation:

The global sorghum market is segmented and analyzed as below:

  • By Product Type
    • Grain Sorghum
    • Sweet Sorghum
    • Forage Sorghum
    • Biomass Sorghum
  • By Application 
    • Sorghum Planting
    • Sorghum Breeding
  • By End User
    • Animal Feed
    • Food Industry
    • Wine Making
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Others

Frequently Asked Questions (FAQs)

The global sorghum market is expected to reach a total market size of US$19.928 billion by 2029.
Sorghum Market was valued at US$14.128 billion in 2022.
The sorghum market is expected to grow at a CAGR of 5.04% over the forecast period.
The growing demand in the animal feed industry is expected to propel the sorghum market growth.
North America is expected to hold a significant share of the global sorghum market.

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits for the Stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. SORGHUM MARKET, BY PRODUCT TYPE

5.1. Introduction

5.2. Grain Sorghum

5.2.1. Market Opportunities and Trends

5.2.2. Growth Prospects

5.2.3. Geographic Lucrativeness

5.3. Sweet Sorghum

5.3.1. Market Opportunities and Trends

5.3.2. Growth Prospects

5.3.3. Geographic Lucrativeness

5.4. Forage Sorghum

5.4.1. Market Opportunities and Trends

5.4.2. Growth Prospects

5.4.3. Geographic Lucrativeness

5.5. Biomass Sorghum

5.5.1. Market Opportunities and Trends

5.5.2. Growth Prospects

5.5.3. Geographic Lucrativeness

6. SORGHUM MARKET, BY APPLICATION

6.1. Introduction

6.2. Sorghum Planting

6.2.1. Market Opportunities and Trends

6.2.2. Growth Prospects

6.2.3. Geographic Lucrativeness

6.3. Sorghum Breeding

6.3.1. Market Opportunities and Trends

6.3.2. Growth Prospects

6.3.3. Geographic Lucrativeness

7. SORGHUM MARKET, BY END-USER

7.1. Introduction

7.2. Animal Feed

7.2.1. Market Opportunities and Trends

7.2.2. Growth Prospects

7.2.3. Geographic Lucrativeness

7.3. Food Industry

7.3.1. Market Opportunities and Trends

7.3.2. Growth Prospects

7.3.3. Geographic Lucrativeness

7.4. Wine Making

7.4.1. Market Opportunities and Trends

7.4.2. Growth Prospects

7.4.3. Geographic Lucrativeness

7.5. Others

7.5.1. Market Opportunities and Trends

7.5.2. Growth Prospects

7.5.3. Geographic Lucrativeness

8. SORGHUM MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Product Type

8.2.2. By Application

8.2.3. By End-User

8.2.4. By Country

8.2.4.1. USA

8.2.4.1.1. Market Opportunities and Trends

8.2.4.1.2. Growth Prospects

8.2.4.2. Canada

8.2.4.2.1. Market Opportunities and Trends

8.2.4.2.2. Growth Prospects

8.2.4.3. Mexico

8.2.4.3.1. Market Opportunities and Trends

8.2.4.3.2. Growth Prospects

8.3. South America

8.3.1. By Product Type

8.3.2. By Application

8.3.3. By End-User

8.3.4. By Country 

8.3.4.1. Brazil

8.3.4.1.1. Market Opportunities and Trends

8.3.4.1.2. Growth Prospects

8.3.4.2. Argentina

8.3.4.2.1. Market Opportunities and Trends

8.3.4.2.2. Growth Prospects

8.3.4.3. Others

8.3.4.3.1. Market Opportunities and Trends

8.3.4.3.2. Growth Prospects

8.4. Europe

8.4.1. By Product Type

8.4.2. By Application

8.4.3. By End-User

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.1.1. Market Opportunities and Trends

8.4.4.1.2. Growth Prospects

8.4.4.2. Germany

8.4.4.2.1. Market Opportunities and Trends

8.4.4.2.2. Growth Prospects

8.4.4.3. France

8.4.4.3.1. Market Opportunities and Trends

8.4.4.3.2. Growth Prospects

8.4.4.4. Spain

8.4.4.4.1. Market Opportunities and Trends

8.4.4.4.2. Growth Prospects

8.4.4.5. Others

8.4.4.5.1. Market Opportunities and Trends

8.4.4.5.2. Growth Prospects

8.5. Middle East and Africa

8.5.1. By Product Type

8.5.2. By Application

8.5.3. By End-User

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.1.1. Market Opportunities and Trends

8.5.4.1.2. Growth Prospects

8.5.4.2. UAE

8.5.4.2.1. Market Opportunities and Trends

8.5.4.2.2. Growth Prospects

8.5.4.3. Israel

8.5.4.3.1. Market Opportunities and Trends

8.5.4.3.2. Growth Prospects

8.5.4.4. Others

8.5.4.4.1. Market Opportunities and Trends

8.5.4.4.2. Growth Prospects

8.6. Asia Pacific

8.6.1. By Product Type

8.6.2. By Application

8.6.3. By End-User

8.6.4. By Country

8.6.4.1. Japan

8.6.4.1.1. Market Opportunities and Trends

8.6.4.1.2. Growth Prospects

8.6.4.2. China

8.6.4.2.1. Market Opportunities and Trends

8.6.4.2.2. Growth Prospects

8.6.4.3. India

8.6.4.3.1. Market Opportunities and Trends

8.6.4.3.2. Growth Prospects

8.6.4.4. South Korea

8.6.4.4.1. Market Opportunities and Trends

8.6.4.4.2. Growth Prospects

8.6.4.5. Indonesia

8.6.4.5.1. Market Opportunities and Trends

8.6.4.5.2. Growth Prospects

8.6.4.6. Thailand

8.6.4.6.1. Market Opportunities and Trends

8.6.4.6.2. Growth Prospects

8.6.4.7. Others

8.6.4.7.1. Market Opportunities and Trends

8.6.4.7.2. Growth Prospects

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. UPL Limited

10.2. Corteva Agriscience

10.3. Bayer CropScience SE

10.4. KWS SAAT SE

10.5. Groupe Limagrain

10.6. Nufarm (Nuseed)

10.7. Pannar Pty Ltd

10.8. Allied Seed LLC

10.9. Seed Co Limited

10.10. Dyna-Gro Seed


UPL Limited

Corteva Agriscience

Bayer CropScience SE

KWS SAAT SE

Groupe Limagrain

Nufarm (Nuseed)

Pannar Pty Ltd

Allied Seed LLC

Seed Co Limited

Dyna-Gro Seed