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Sorghum By-Products Market Analysis, Top Key Players| Cargill Inc., Chromatin, General Mills, Associated British Foods, Bunge, Archer Daniels Midland, United National Breweries

05-14-2018 02:08 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Sorghum By-Products Market Analysis, Top Key Players| Cargill

Market Scenario:
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.

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Key Players:
Some of the key players profiled in the global sorghum by-products market are Cargill Inc. (U.S.), Chromatin (U.S.), General Mills (U.S.), Associated British Foods (U.K), Bunge (U.S.), Archer Daniels Midland (U.S.), United National Breweries (South Africa)

Key Findings:

South Africa holds a prominent share in production of sorghum beer globally

The U.S., Argentina, and Australia are the major exporters of sorghum seeds



Segments:
On the basis of type, Sorghum by-products Market is segmented into sorghum bran, sorghum brewer’s grains, sorghum DDGS, sorghum wine residue, sorghum gluten feed, sorghum germ meal and others. Among all, the segments sorghum distillers dried grains and soluble (DDGS) is expected to grow at the fastest rate over the forecasted period.

Based on the source, sorghum by-products market is segmented into dry milling and wet milling. Among all, the wet milling is anticipated to hold a major share in the sorghum by-products market.

Based on the application, the sorghum by-products market is segmented into animal feed and others in which animal feed is further sub-segmented into ruminants, cattle industry, poultry industry, aqua-culture industry, and others. The poultry industry is projected to have a substantial growth over the estimated period followed by aqua-culture industry.



Competitive Analysis:
The major players in the Sorghum By-Products Market,

Cargill Inc. (U.S.)
Chromatin (U.S.)
General Mills (U.S.)
Associated British Foods (U.K)
Bunge (U.S.)
Archer Daniels Midland (U.S.)
United National Breweries (South Africa)
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Regional Analysis:
The global Sorghum By-products market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is anticipated to dominate the market followed by Europe. High demand for low cost nutritive diet for animals and industrial waste reduction in Europe is growing the market for sorghum by-products. In North America, the U.S. and Canada are the major contributors.

Asia Pacific is projected to be the fastest growing region for sorghum by-products. China, India and Australia are the major contributors to the sorghum by-products market. In rest of the world, South Africa accounts for the largest share in sorghum by-products market.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

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