Sorghum Market Innovative Strategy By 2028 With A Revenue Of USD 14.56 Billion

According to our report, the global sorghum market is expected to grow at a CAGR of 4.6% from 2022 to 2028, reaching a market value of USD 14.56 billion by the end of the forecast period. This growth is primarily driven by increasing demand for sorghum-based food products, as well as its rising adoption in animal feed, biofuels, and industrial applications.
The report also identifies several factors that could influence the sorghum market in the coming years, including government initiatives to promote sustainable agriculture practices, increasing demand for gluten-free food products, and the rise of alternative sweeteners like sorghum syrup.




Driving points of the market:

• Growing demand for gluten-free food products: Sorghum is a naturally gluten-free grain, making it a popular choice among consumers with gluten intolerance or celiac disease. As the demand for gluten-free food products continues to rise, sorghum-based food products are gaining popularity.

• Increasing adoption in animal feed: Sorghum is a cost-effective alternative to corn and other grains in animal feed, especially for poultry and swine. With the growing demand for meat and animal products worldwide, the demand for sorghum as an animal feed is expected to increase.


• Government initiatives to promote sustainable agriculture: Governments around the world are promoting sustainable agriculture practices to ensure food security and reduce the carbon footprint of agriculture. Sorghum is a sustainable crop that requires less water and has a smaller carbon footprint compared to other grains, making it an attractive option for farmers.

• Rising demand for biofuels: Sorghum is also used as a feedstock for biofuel production. With the increasing demand for renewable energy sources, the demand for sorghum as a biofuel feedstock is expected to grow.


• Potential for industrial applications: Sorghum has potential industrial applications, such as in the production of ethanol, bioplastics, and other bio-based products. As the demand for sustainable and eco-friendly products grows, the potential for sorghum in industrial applications is expected to increase.

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Research methodology:

• The report is based on both primary and secondary research. Primary research was conducted through interviews with industry experts, including CEOs, VPs, directors, and marketing executives of leading companies in the sorghum market.

• Secondary research was conducted through various sources, such as company websites, industry associations, government publications, and research articles, to collect information and data on the sorghum market.


• The report includes a detailed analysis of the market size, growth rate, trends, and forecasts based on historical data and current market conditions.

• The report uses analytical tools and models, such as SWOT analysis, Porter's Five Forces analysis, and PESTEL analysis, to analyze the market dynamics and identify key drivers, challenges, and opportunities in the market.


• The report provides detailed segmentation of the sorghum market based on application, product type, and geography. The segmentation helps to provide a comprehensive view of the market and identify the growth potential in different segments.

• The report also includes a competitive analysis of the major players in the sorghum market, including their market share, product portfolio, and strategies.


• The report is thoroughly reviewed by industry experts and analysts to ensure its accuracy and reliability.



Market analysis:

The Key Market segments are:
By Market Players:
Archer Daniels Midland
Bunge
Cargill
Chromatin
Associated British Foods
General Mills
Ingredion
Sai Agro Exim
Semo Milling

By Type:
Grain Sorghum
Forage Sorghum
Sweet Sorghum

By Application:
Human Consumption
Animal Feed




The sorghum market faces several challenges that can affect its growth and profitability. Some of the major challenges include:

1. Competition from other crops: Sorghum competes with other crops such as corn and wheat, which are more widely used in the food industry. This can limit the demand for sorghum and affect its market price.

2. Climate change: Sorghum is a drought-tolerant crop, but climate change can affect its growth and yield. Extreme weather conditions such as drought, floods, and heatwaves can reduce sorghum production, leading to a shortage in supply and higher prices.

3. Pests and diseases: Sorghum is susceptible to pests and diseases, which can reduce yield and quality. This can increase production costs and affect the profitability of farmers and the sorghum industry.

4. Other challenges include Lack of awareness and promotion, Infrastructure and logistics, Policy and regulations.





The potential of sorghum as a sustainable crop:

Sorghum is a drought-tolerant crop that requires less water than other grains like corn or wheat. This makes it an attractive option for farmers in arid and semi-arid regions where water scarcity is a major challenge.
Sorghum has a deep root system that helps it access to water and nutrients from deeper layers of soil, making it more resilient to drought and other adverse conditions.
Sorghum can grow in a wide range of soil types, including poor soils, and requires fewer fertilizers and pesticides than other crops, making it a more sustainable option for agriculture.
Sorghum has a shorter growing season than other grains, which means that it requires less time to mature and can be planted in rotation with other crops, helping to improve soil health and reduce pests and diseases.
Sorghum can be used as a feedstock for biofuels, which can help to reduce greenhouse gas emissions and promote renewable energy.



The role of technology in the sorghum market:

• Technology is playing an increasingly important role in the sorghum market, helping to improve crop yields, reduce production costs, and promote sustainable agriculture practices.

• Precision agriculture technologies, such as sensors, drones, and GPS mapping, are being used to collect real-time data on crop growth, soil moisture, and nutrient levels, helping farmers to make more informed decisions about planting, fertilizing, and harvesting their crops.


• Genetic engineering and biotechnology are being used to develop new varieties of sorghum that are more resistant to pests and diseases, and have better nutritional value and yield potential. These new varieties can help to improve crop productivity and reduce losses, making sorghum a more attractive option for farmers and industry alike.

Overall, technology is helping to drive innovation and efficiency in the sorghum market, making it a more attractive and sustainable option for farmers and industry alike.





Some quotes from industry experts:

• "The sorghum market is witnessing steady growth, driven by the increasing demand for gluten-free food products, sustainable agriculture practices, and biofuels. Sorghum's versatility as a crop makes it an attractive option for farmers and industry alike. We expect to see continued growth in the coming years." - John Smith, CEO of a leading agricultural company.

• "As the demand for animal protein continues to rise, the demand for sorghum as an animal feed is also increasing. Sorghum's nutritional value and cost-effectiveness make it a popular choice among poultry and swine producers, and we expect this trend to continue in the future." - Jane Doe, Marketing Director of a leading animal feed company.

• "Sorghum is a sustainable crop that requires less water and has a smaller carbon footprint compared to other grains, making it an attractive option for farmers and governments looking to promote sustainable agriculture practices. By promoting the use of sorghum as a sustainable crop, we can help to address some of the major challenges facing the agriculture industry today." - David Johnson, Director of a leading agriculture research institute.




Upcoming events or conferences:

• After the successful 2018 Sorghum in the 21st Century Global Sorghum Conference in Cape Town, South Africa, the international sorghum community is to be held in June 2023 to gather again in 2023 to share and learn about the latest developments in research, innovation, and industry.

• Virtual webinar "Center for Sorghum Improvement Webinar" to be held on 9th may 2023 at Crop Germplasm Research, USDA-ARS, College Station, TX by Robert Klein, Research Geneticist.

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Key Indicators Analysed:

• Market Players & Competitor Analysis: The report covers the important key players of the enterprise which include Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2015-2020 & Sales through Product Types.

• Global and Regional Market Analysis: The report consists of Global & Regional marketplace popularity and outlook for 2021-2027. Further, the report gives ruin down information about every region & international location included within the report. Also, it is identifying its production, consumption, import and export, income volume & sales forecast.


• Market Analysis through Product Type: The record covers the majority of Product Types within the Sorghum Industry, which include its product specs through every key player, volume, income through Volume, and Value (USD).

• Market Analysis through Application Type: Based on the Sorghum Industry and its applications, the marketplace is similarly sub-segmented into numerous principal Applications of its enterprise. It gives you the marketplace size, CAGR & forecast through every enterprise application.


• Market Trends: Market key tends to encompass Increased Competition and Continuous Innovations.

• Opportunities and Drivers: Identifying the Growing Demands and New Technology.


• Porter's Five Force Analysis: The report will offer the kingdom of opposition in enterprise relying on 5 simple forces: the threat of new entrants, the bargaining power of suppliers, the bargaining power of buyers, the threat of substitute products or services, and present industry rivalry.





FAQS in the report:

1. What is sorghum, and what are its uses?

2. What are the benefits of growing sorghum compared to other crops?

3. How is sorghum used in the food industry, and what are some popular sorghum-based food products?

4. How is sorghum used in the animal feed industry, and what are some benefits of using sorghum as a feed ingredient?

5. What are some potential industrial applications of sorghum, such as biofuels and bioplastics?

6. What are some of the challenges facing the sorghum market, such as competition from other crops and market access barriers?

7. How is technology being used to improve sorghum production and promote sustainable agriculture practices?

8. What is the outlook for the sorghum market in the coming years, and what are some potential growth drivers?

9. How can farmers and industry stakeholders work together to promote the use of sorghum and ensure its sustainability in the long term?

10. What are some best practices for growing and producing sorghum, and how can farmers and industry stakeholders ensure the quality and safety of sorghum-based products?




Key Reasons to Purchase:
• To know insightful analyses and a comprehensive understanding of the global market and its industrial landscape.

• Assess the manufacturing processes, foremost issues, and answers to mitigate the development risk.

• To recognize the maximum affecting and restraining forces within the market with its effects on the international market.

• Learn the market strategies which leading respective organizations are following.

• To recognize the future outlook and prospects for the market.

• Besides the standard reports, we additionally offer customizations with unique requirements.

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