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European sorghum Market is projected to reach the value of USD 48.43 million by 2030

11-01-2023 08:30 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Virtue Market Research

Europe Sorghum Market

Europe Sorghum Market

According to the report published by Virtue Market Research in European sorghum Market was valued at USD 31.8 million and is projected to reach a market size of USD 48.43 million by the end of 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 5.4%.

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In recent years, the adoption of sustainable agricultural practices has emerged as a pivotal long-term driver of the European sorghum market. Sustainable agriculture promotes the cultivation of drought-resistant crops like sorghum, which require fewer water resources, making it an environmentally friendly choice. The COVID-19 pandemic has further accelerated the emphasis on sustainability as the need for resilient food production systems became apparent. Sorghum fits well into this narrative, as it is known for its adaptability to changing environmental conditions. As a result, the pandemic-induced focus on sustainable farming practices has bolstered the demand for sorghum in Europe.

In the short term, the increasing demand for gluten-free products is a significant driver of the European sorghum market. Sorghum is naturally gluten-free, making it an attractive alternative for individuals with celiac disease or gluten sensitivities. The rising awareness of gluten-related health issues has boosted the demand for gluten-free ingredients, which, in turn, has spurred the growth of the sorghum market. This presents an opportunity for farmers and agribusinesses to capitalize on the rising demand for gluten-free sorghum-based products.

One promising opportunity in the European sorghum market is the development of sorghum-based biofuels. The European Union's commitment to reducing greenhouse gas emissions and promoting sustainable energy sources has opened doors for biofuel production. Sorghum, with its high cellulose content and rapid growth, can be an ideal feedstock for biofuel production. By converting sorghum into biofuels, the industry can contribute to reducing carbon emissions, aligning with the EU's sustainability goals while creating a new revenue stream for sorghum growers.

A notable trend observed in the European sorghum market is the diversification of product offerings. Beyond traditional applications, sorghum is finding its way into various food and beverage products. Sorghum flour is being used in gluten-free baked goods, and sorghum-based snacks are gaining popularity due to their nutritional value and sustainability appeal. Additionally, the use of sorghum in brewing is on the rise, with several European breweries incorporating it into their beer recipes. This diversification trend highlights the adaptability of sorghum and its growing acceptance in various industries.

Market Segmentation:
By Type: Grain Sorghum, Sweet Sorghum, Broom Corn Sorghum

The European sorghum market exhibits a fascinating array of characteristics and trends when examined from various perspectives. In terms of types of sorghum, it can be categorized into Grain Sorghum, Sweet Sorghum, and Broom Corn Sorghum. Among these, Grain Sorghum stands out as the largest subsegment in this category. However, the subsegment that shows the most remarkable growth during the forecast period is Sweet Sorghum.

The differentiation between various types of sorghum is essential to understanding the European market comprehensively. Grain Sorghum, known for its versatility and adaptability, occupies a prominent position in the market. It serves various purposes, including animal feed, human consumption, and industrial applications. Its high nutritional value and resistance to adverse environmental conditions make it a valuable choice for farmers and industries alike.

On the other hand, Sweet Sorghum, despite being a smaller sub segment in terms of market share, exhibits significant growth potential during the forecast period. Sweet Sorghum stands out due to its high sugar content, making it a key ingredient in the production of biofuels and alcoholic beverages. As the European Union emphasizes sustainability and renewable energy sources, Sweet Sorghum's role in biofuel production gains importance.

Broom Corn Sorghum, while not as prominent as Grain Sorghum or Sweet Sorghum, finds its niche in various industrial applications. Its durable and resilient fibers are used in making brooms and brushes. Though this subsegment may not be the largest, it maintains a stable presence in the market, especially in the manufacturing and cleaning sectors.

By Application: Food Products, Animal Feed, Biofuel Production

Moving beyond types, the applications of sorghum in the European market are equally diverse. It finds its use in Consumer Electronics, Chemical and Biological Sensors, Solar Cells, Nanogenerators, and various other domains. Among these, food products emerge as the largest subsegment. Notably, the fastest-growing subsegment in this category is also food products.

Shifting the focus to the applications of sorghum, it becomes evident that food products are the dominant subsegment. Sorghum's gluten-free nature and nutritional benefits have propelled its use in various food items, including bread, snacks, and breakfast cereals. With the increasing awareness of gluten-related health issues, the demand for sorghum-based food products continues to grow.

In terms of application growth, food products take the lead again as the fastest-growing subsegment. As consumers increasingly seek healthier and gluten-free alternatives, food manufacturers are expanding their sorghum-based product offerings, further fueling this trend.

By Distribution channel: Retailers, Wholesalers, Online Retail

When considering the distribution channels for sorghum in Europe, one can identify Retailers, Wholesalers, and Online Retail as the primary channels. In this segment, Retailers take the lead as the largest subsegment. Interestingly, Online Retail proves to be the fastest-growing distribution channel, reflecting the changing consumer preferences and the growing significance of e-commerce in the European market.

Examining the distribution channels, Retailers have traditionally played a significant role in making sorghum accessible to consumers across Europe. From local supermarkets to specialty stores, Retailers ensure that sorghum products are readily available to the general public. However, Online Retail has emerged as the fastest-growing channel, reflecting the modern consumer's preference for convenience and the increasing use of e-commerce platforms. The ease of purchasing sorghum products online contributes to this rapid growth.

Read More @ https://virtuemarketresearch.com/report/europe-sorghum-market

Regional Analysis:
In this regional context, France emerges as the largest contributor to the European sorghum market. Renowned for its rich agricultural heritage and fertile lands, France has taken a substantial lead in sorghum cultivation. The favorable climate and strong agricultural traditions have made it a significant player in the market, offering a wide array of sorghum-based products and contributing substantially to the overall market share.

On the other hand, when looking at the fastest-growing region during the forecast period, Italy takes the spotlight. With its robust emphasis on sustainable agriculture and innovative farming practices, Italy is poised for remarkable growth in sorghum cultivation. The growing demand for sorghum-based food products, gluten-free alternatives, and biofuel feedstock in Italy has set the stage for impressive expansion within the sorghum market. As a result, Italy shines as the fastest-growing region in this segment, demonstrating its potential in the European sorghum market.

Latest Industry Developments:
● Diversification of Product Offerings: Companies in the European sorghum market are increasingly diversifying their product portfolios to meet the evolving consumer demands. They are expanding their range of sorghum-based products, including gluten-free baked goods, snacks, and breakfast cereals, in response to the growing consumer awareness of gluten-related health concerns. This trend aligns with the broader movement toward healthier and sustainable food options, allowing companies to tap into a wider customer base and strengthen their market share.

● Sustainable Farming Practices: Sustainability has become a paramount focus for companies operating in the European sorghum market. In line with the European Union's sustainability goals and the push for greener agriculture, companies are implementing eco-friendly and resource-efficient farming practices. They are investing in technology and techniques that reduce water usage and minimize environmental impact while enhancing sorghum yields. These sustainability initiatives not only align with regulatory requirements but also resonate with environmentally conscious consumers, bolstering companies' market positions.

● E-commerce Expansion: With the rising popularity of online shopping and the convenience it offers, companies are expanding their presence in the online retail distribution channel. The COVID-19 pandemic accelerated the shift toward e-commerce, and companies in the sorghum market are capitalizing on this trend. They are establishing robust online retail platforms, enhancing customer experiences, and streamlining distribution processes to cater to the increasing demand for sorghum products through digital channels. This strategic shift to e-commerce not only broadens their market reach but also positions them favorably in a changing consumer landscape.

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contact Us:

Virtue Market Research
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E-mail: megha@virtuemarketresearch.com
Phone: +1-917 436 1025

About Us:
"Virtue Market Research stands at the forefront of strategic analysis, empowering businesses to navigate complex market landscapes with precision and confidence. Specializing in both syndicated and bespoke consulting services, we offer in-depth insights into the ever-evolving interplay between global demand and supply dynamics. Leveraging our expertise, businesses can identify emerging opportunities, discern critical trends, and make decisions that pave the way for future success."

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