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Sorghum & Sorghum Seeds Market - Forecast(2023 - 2028)
Sorghum & Sorghum Seeds Market Overview
The Sorghum & Sorghum Seeds Market size was $11.8
billion by 2021. Furthermore, it
is poised to grow at a CAGR of 3.8% over the forecast period of 2022-2027. The
cereal grain sorghum (Sorghum bicolor L. Moench) is grown in various places of
the world. Its syrup is used to sweeten dishes and its whole grain is utilized
in baking. It is also used as a source of natural fuel. Since it is
gluten-free, it is suitable for Celiac sufferers. It contains a lot of carbs,
as well as micronutrients and insoluble fiber. Sorghum also contains
nutraceuticals like phenols and tannins, which are antioxidants connected to
the protection of some human illnesses like Cancer, Alzheimer’s. The remaining
sorghum is used for human and livestock feed, with the rest being converted to
ethanol. It effectively transforms solar energy into chemical energy and
requires less water than other grain crops. Biofuel is made from sweet and
biomass sorghum, which can be utilized to make syngas and charcoal.
Demand
for more cost-effective and ecologically friendly fuel sources is growing,
especially in developing countries like Russia, China, India, Indonesia, and
others. An increased focus on energy security, combined with a rise in crude
oil prices, are other major reasons driving the sorghum & sorghum seeds
industry. The creation of hybrid sorghum cultivars with extraordinary
characteristics is estimated to boost future demand for sorghum seeds.
Sorghum & Sorghum Seeds Market Report Coverage
The report: “Sorghum & Sorghum Seeds Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments
of the Sorghum & Sorghum Seeds Market.
By Type- Grain Sorghum, Forage Sorghum, Biomass
Sorghum, Sweet Sorghum.
By Application form- Gram Flour, Popped, Flake, Puffs,
Chips, Pasta, Syrup, Others.
By End User- Human Food/Feed, Biofuel, and Ethanol, Livestock
Feed, Food Products Manufacturing, Beverage Manufacturing, Sorghum Planting, Others.
By Geography- North
America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France,
Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India,
South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South
America (Brazil, Argentina, Chile, Colombia and Rest of South America), and
Rest of the World (the Middle East, and Africa).
Key Takeaways
- Geographically, North America held a dominant market share in the year 2021 on account of a strong medical infrastructure in place to treat a variety of diseases, as well as essential manufacturers in the industry. Asia-Pacific is estimated to offer lucrative growth opportunities to the manufacturers owing to the fewer expenses required for cultivation. The rising use of sorghum seeds in the daily diet is predicted to augment the market growth during the forecast period of 2022-2027.
- Sorghum’s adaptability to weather conditions and health benefits are driving the market growth of Sorghum & Sorghum Seeds Market. The short shelf life of seeds is estimated to restrain the growth of the Sorghum & Sorghum Seeds Market.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Sorghum & Sorghum Seeds Market Report.
Global Sorghum and Sorghum Seeds Market: Market Share (%) by Region, 2021
Sorghum & Sorghum Seeds Market Segment Analysis – By Type
Sorghum & Sorghum Seeds Market based on the type can be
further segmented into Grain Sorghum, Forage Sorghum, Biomass Sorghum, Sweet
Sorghum.
Grain Sorghum held a dominant
market share in the year 2021 owing to
its gluten-free, high protein, and high fiber features. Sorghum is also known
for its high concentration of phenolic compounds, many of which are
antioxidants. It has also been shown to be useful in reducing many kinds of
inflammation owing to its antioxidant properties. Several phenolic compounds
found in sorghum have been linked to anti-cancer effects.
However, Biomass Sorghum is estimated to
be the fastest-growing category with a CAGR of 5.1% over the forecast period
2022 to 2027. According to a committee of specialists led by Purdue University
scientists, biomass sorghum fits the criteria for next-generation biofuels in
terms of being ecologically benign, farmer-friendly, and utilizing current
agricultural infrastructure. Sorghum's ability to minimize nitrogen inputs is critical
to its effectiveness as a bioenergy crop. According to Carpita, corn, which has
been designed to produce a high volume of seed, requires a lot of nitrogen.
Sorghum, on the other hand, is genetically manipulated to increase cellulose
while reducing seeds, cutting inputs, and increasing market growth. Hence,
grain sorghum is dominating the market.
Sorghum & Sorghum Seeds Market Segment Analysis – By Application
Sorghum & Sorghum Seeds Market
based on the application can be further segmented into Gram Flour, Popped,
Flake, Puffs, Chips, Pasta, Syrup, Others. Grain form Grain Sorghum held a dominant market share in the year 2021 owing to its high fiber content, which helps
to lower LDL (bad cholesterol) levels in the body, lowering the risk of a heart
attack. The cholesterol-lowering properties of sorghum also aid in the
prevention of blood clots, arteriosclerosis, and plaque formation. The whole
grain provides antioxidants in addition to minerals including magnesium, iron,
and vitamins B and E. As a result, it helps to avoid a wide range of
cardiovascular disorders. Sorghum also helps to regulate plasma LDL cholesterol
levels while boosting HDL levels in the body, both of which are beneficial.
Hence, sorghum is beneficial in cardiovascular diseases.
However, Syrup is estimated to be the
fastest-growing category with a CAGR of 6.2% over the forecast period 2022-2027
owing to its diverse uses in the food sector. It's a rich, nuanced sweetener
that can be used in a number of dishes, including marinades, spreads, and even
baked goods like cobblers. The earthy flavor enhances anything that is placed
in or on it. Sorghum syrup is a healthier alternative to sugar. Sorghum is not
only easy to cultivate, but it also has a higher mineral value than honey.
Sorghum has a greater Vitamin B6 concentration than honey, which is encouraging
market expansion.
Sorghum & Sorghum Seeds Market Segment Analysis – By Geography
The Sorghum & Sorghum Seeds
Market based on Geography can be further segmented into North America, Europe,
Asia-Pacific, South America, and the Rest of the World. The Rest of the World
held a dominant market share of 44% in the year 2021 as compared to the other
counterparts on account of increased awareness about the uses of sorghum to
health. Sorghum [Sorghum bicolor (L.) Moench] is Africa's fifth most important
grain crop, predominantly farmed in temperate and tropical areas. It is a major
crop in Africa, with a growing territory including West Africa south of the
Sahara, including Sudan, Ethiopia, and Somalia.
However, the Europe area is estimated to be the fastest-growing over the forecast period 2022 to 2027. Since WWII, sorghum has been grown across Europe, and it is almost solely utilized as animal feed. It is a significant human food crop in Europe and other parts of the world, according to the UN's Food and Agricultural Organization. Each year, the EU produces about 750,000 tonnes, compared to 60 million tonnes collected globally.
Sorghum & Sorghum Seeds Market Drivers
Farmers are becoming more interested in growing sorghum as a result of its ability to adapt well to dry conditions, which is boosting the market growth.
The business is being pushed by the growing demand for
sorghum seeds as a result of an increasing number of farmers sowing sorghum
seeds. According to the Agricultural Marketing Resource Center (AgMRC)
Organization, the global area planted to sorghum has increased by 66% in the
previous 50 years. Since sorghum seeds can withstand drought, soil toxicity,
and temperature fluctuations better than other forage seeds, a large number of
farmers sow sorghum seeds in sorghum seeds. In areas where there is a dearth of
moisture, sorghum seeds can be sown. Sorghum seeds thrive in dry, low-fertility
conditions. Sorghum seeds give farmers higher yields than seeds from other
fodder crops. Hence, the market is boosting owing to high biofuel production
from sorghum.
Sorghum & sorghum seeds market growth is aided by the rising consumption of sorghum seeds in daily diet.
The worldwide sorghum seed market is being driven by the
increasing use of sorghum seeds in everyday diets. As a result of its
adaptability, sorghum is being used in fields such as floral arrangements,
fencing, building material, pet food, and other applications, which is a major
driving force for the global sorghum market. According to Lybrate 2020, the
immediate benefit of sorghum's high dietary fiber content is improved heart
health. The high fiber content of sorghum grain aids in the removal of LDL
cholesterol or bad cholesterol as it is more commonly known. This significantly
improves heart health and can prevent the body from a variety of cardiovascular
diseases such as heart attack, stroke, and atherosclerosis. Furthermore, owing
to its ability to provide a good supply of dietary phospholipids, sorghum is
commonly utilised in animal feed. Sorghum syrup demand is being bolstered by
rising meat consumption in many parts of the world. Global meat consumption
climbed by 58% over the last 20 years, reaching 360 million tonnes in 2018, according
to the Australian Department of Agriculture.
Countries all around the world are investing in the
expansion of the sorghum seed business in order to take advantage of arid
terrain with limited water resources. Similarly, owing to the benefits, the
private sector is motivated to invest in sorghum seeds owing to the substantial
return on seed sales. Therefore, the rising use of sorghum seeds is increasing
the market.
Sorghum & Sorghum Seeds Market Challenges
The market's expansion is impeded by sorghum seeds’ short shelf life
Sorghum seed treatments can prevent seed and seedlings from
low-moderate insect attacks during the emergence and development of industrial
plants. Despite the short duration of the protection, crop loss and pest
establishment are estimated to be postponed. For instance, treated seeds have a
short shelf life, seed germination, and vigor decline at a rapid rate,
particularly in sorghum seeds. The physical and chemical properties of the
formulation have an impact on microbe survival. It is challenging to maintain
the viability of coated microorganisms in seeds, resulting in lower shelf life.
Growers have been slow to embrace beneficial agricultural strategies such as
dose-restricted pesticide usage and crop rotation. Thus, sorghum seeds’ short
shelf life is one of the key challenges for the Market. However, sorghum and
sorghum seed development are being funded and invested in by a number of firms.
For example, the World Bank-supported 87 seed sector initiatives totalling $US
513 million, with a significant concentration on marginal commodities like
sorghum supporting the market growth
Sorghum & Sorghum Seeds Industry Outlook
Product launches, mergers and acquisitions, joint ventures, and
geographical expansions are key strategies adopted by players in the Sorghum & Sorghum Seeds Market. The top 10- Sorghum & Sorghum Seeds
Market companies are-
- Advanta seeds
- Nuseed
- Archer Daniels-midland company
- Richardson seeds, Ltd.
- Mabele fuels pty (Ltd)
- National sorghum producers
- Corteva Agriscience
- Bayer Cropscience LLC
- Groupe Limagrain
- KWS SAAT SE & CO. KGaA
Recent Developments
- In March 2021, Corteva Agriscience launched InzenTM herbicide-tolerant trait. The new Inzen trait, which is exclusive to Pioneer® brand sorghum, enables the application of ZestTM WDG herbicide postemergence to give outstanding control of yield-depleting annual grasses including foxtail, barnyard grass, and panicum.
- In October 2021, Crystal Crop Protection Ltd and Bayer CropScience have established an agreement to acquire Cotton, Mustard, Pearl Millet, and Grain Sorghum hybrids in India. Both parties will collaborate to finalize the purchase by December 2021, according to the business.
- In May 2020, Barenbrug Australia Pty Ltd and Nuseed Pty Ltd, a wholly-owned subsidiary of Nufarm Limited, announced that they have signed a formal agreement for Barenbrug Australia to license Nuseed Australia's sorghum and sunflower germplasm portfolio, as well as provide R&D, plant breeding, and commercialization services.
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