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Health-Conscious Trends Propel Growth In Sorghum Seed Market: Transformative Forces Shaping the Sorghum Seed Market Landscape in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Sorghum Seed Industry Market Size Be by 2025?
Over recent years, the sorghum seed market has experienced a significant uptick in growth. The market is projected to escalate from a value of $2.06 billion in 2024 to $2.18 billion in 2025, advancing at a compound annual growth rate (CAGR) of 5.8%. This upward trend during the historic period has been primarily driven by factors like the seed's usage as a staple food, its drought tolerance abilities, an increase in demand from the food and beverage industry, its use in biofuel production, its resilience to pests and diseases, and its traditional and cultural significance.
What's the Long-Term Growth Forecast for the Sorghum Seed Market Size Through 2029?
In the coming years, a significant surge is expected in the sorghum seed market, with an anticipated value of $2.87 billion in 2029 and a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this projected growth during the forecast period include adaptation to climate change, heightened nutritional consciousness, alternative crop rotation practices, demand for gluten-free products, and international trade possibilities. Major trends anticipated during this period encompass hybrid sorghum varieties, genetically modified (GM) sorghum traits, production of organic sorghum seeds, high-value sorghum for niche markets, and advanced precision farming technologies.
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What Are the Key Growth Drivers Fueling the Sorghum Seed Market Expansion?
The surge in health consciousness and the increasing preference for a healthier diet are contributing to the expansion of the sorghum seed market. There has been a notable shift in consumer attitudes towards the consumption of healthy foods over recent years, propelled by heightened health awareness, evolving lifestyles, and increasing interest in the advantages offered by health and wellness foods. Sorghum, a nutrient-rich grain, is loaded with B vitamins, magnesium, potassium, phosphorus, iron, and zinc, among other essential vitamins and minerals. It is also abundant in fiber, antioxidants, and protein. For instance, the "Plant-Based Foods State of the Marketplace 2022" report released by the Plant-Based Foods Association, a US-based non-profit dedicated to promoting the plant-based food industry, stated in April 2024 that the plant-based food market had accrued $7.4 billion in retail sales, registering a 6% increase from the previous year. Emphasizing the dramatic shift in consumer preferences, the report revealed that 61% of U.S. households bought plant-based foods in 2022, indicating a growing inclination toward healthier and more sustainable alternatives. Hence, the heightened health consciousness coupled with the burgeoning inclination for a healthy diet is projected to fuel the progress of the sorghum seed market in the future.
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Which Fast-Growing Trends Are Poised to Disrupt the Sorghum Seed Market?
Partnerships and collaborations have become a leading trend in the sorghum seed market, gaining traction amongst key players. Major firms in the sorghum seed industry are increasingly opting for collaborations and partnerships to better meet customer demands and fortify their market standing. For example, in September 2024, Zowasel, an agri-tech firm based in Nigeria, formed a partnership with the Sustainable Trade Initiative (also known as IDH), a convener of public-private partnerships based in the Netherlands. The aim of their collaboration is to bolster Nigeria's sorghum supply chain by applying ecological farming practices that address the issues of climate change, improve soil status, and enhance biodiversity. Through combined investment in this initiative, Zowasel and the IDH aim to assist smallholding farmers, especially women, offering them access to resources, technical aid, and better market opportunities. This ultimately encourages sustainable farming practices in the area.
How Is the Sorghum Seed Market Segmented?
The sorghum seed market covered in this report is segmented -
1) By Product Type: Grain Sorghum, Sweet Sorghum, Forage Sorghum, Biomass Sorghum
2) By Application: Sorghum Planting, Sorghum Breeding
3) By End User: Animal Feed, Food Industry, Wine Making, Biofuel And Chemical Production, Other End Users
Subsegments:
1) By Grain Sorghum: High-Yield Varieties, Drought-Resistant Varieties, Food-Grade Varieties
2) By Sweet Sorghum: Sorghum For Syrup Production, Sorghum For Ethanol Production
3) By Forage Sorghum: Grain-Forage Hybrids, Sorghum-Sudangrass Hybrids
4) By Biomass Sorghum: Energy Sorghum Varieties, High-Cellulose Varieties
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Which Companies Are Leading the Charge in Sorghum Seed Market Innovation?
Major companies operating in the sorghum seed market include 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., Seed Co Limited, S&W Seed Company, La Crosse Seed LLC, Pacific Seeds Pty. Ltd., Terral Seed Inc., Wadsworth Seed Company Inc., Allied Seed LLC, Heritage Seeds Inc., Dyna-Gro Seed Inc., Hancock Farm and Seed Company, Sustainable Seed Company, Proline Seed Company, Blue River Hybrids LLC, Safal Seeds & Biotech Ltd., Alta Seeds Inc., Nuseed Global, NexSteppe Inc.
Which Regions Are Leading the Global Sorghum Seed Market in Revenue?
North America was the largest region in the sorghum seed market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sorghum seed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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