Press release
Sorghum Seed Global Market Projected to reach $2.87 billion by 2029 with a CAGR of 7.1%
Sorghum Seed Market Size
What Is The Projected Market Size Of The Global Sorghum Seed Market And Its Growth Rate?
• The sorghum seed market size was $2.06 billion in 2024 and will grow to $2.18 billion in 2025, showing a Compound Annual Growth Rate (CAGR) of 5.9%.
• The increasing growth rate is due to factors such as staple food consumption, drought tolerance, demand from the food and beverage industry, biofuel production, resilience to pest and disease, and cultural and traditional uses.
• The market size is expected to surge to $2.87 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%. The growth can be attributed to climate change adaptation, nutritional awareness, alternative crop rotation, increased demand for gluten-free products, and international trade opportunities.
What Is Driving The Growth In The Sorghum Seed Market?
The rising awareness of a healthy lifestyle and the growing trend towards a healthy diet are significant contributors to the growth of the sorghum seed market. Consumer behavior has considerably shifted in recent years due to increased health awareness, changing lifestyles, and growing concerns about health and wellness food benefits. Sorghum is a nutrient-dense grain rich in vitamins, minerals, fiber, antioxidants, and protein, promoting its market growth. According to the Plant-Based Foods State of the Marketplace 2022 report by the Plant-Based Foods Association, the plant-based food market reached $7.4 billion in retail sales in 2022, marking a 6% growth from the previous year. The report also highlighted that 61% of U.S. households purchased plant-based foods in 2022, indicating a significant shift in consumer preferences towards healthier and more sustainable options. These trends will continue to drive the growth of the sorghum seed market.
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Who Are the Key Players Driving Sorghum Seed Market Growth?
• Monsanto Company
• UPL Limited
• DuPont Pioneer
• Nufarm Limited
• Limagrain Group
• Euralis Semences
• LongPing High-Tech Agriculture Co Ltd.
• Advanta Limited
• Kaveri Seed Company Pvt Ltd.
• Chromatin Inc.
What Are The Key Trends In The Sorghum Seed Market?
• Adoption of hybrid sorghum varieties
• Development of genetically modified (GM) sorghum traits
• Growth in organic sorghum seed production
• High-value sorghum for specialty markets
• Use of precision agriculture technologies
What Are The Segments Of The Global Sorghum Seed Market?
• 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, Biofuel And Chemical Production, Other End Users
Which Region Leads The Sorghum Seed Market?
North America was the largest region in the sorghum seed market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The report covers sorghum seed market trends in Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Sorghum Seed Market Report?
- Market Size Analysis: Analyze the Sorghum Seed Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Sorghum Seed Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Sorghum Seed Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Sorghum Seed Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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