United States Dominates the Global Sorghum Seed Market

Mordor Intelligence announces the publication of their research report on sorghum seed market (seed for sowing). The report titled, "Sorghum Seed Market (Seed for Sowing)-Global Trends, Sector Analysis and Forecasts (2017-2022)," discusses the current landscape and outlook of the said market.

The sorghum seed market was estimated at USD 2.545.50 million in 2016 and is expected to witness a CAGR of 4.39% during the forecast period to reach USD 3,154.91 million by 2020. Sorghum, a versatile crop, is used extensively for several purposes, such as food for human consumption, feed grain for livestock, and ethanol production. Half of the sorghum produced is used for livestock, while the remaining half is used for human consumption and other purposes. Sorghum is one of the five most important cereal grain crops in the world.

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As of 2016, the United States was estimated to account for the largest market share of 18%. The country was then followed by Mexico, Nigeria, India, Argentina, and Sudan, accounting for a sizeable portion of the market. Historically, Mexico was the main importer; however, in the last five years, China became the largest importer, followed by Mexico.

The report is segmented based on:
• Region
o North America
o Europe
o Asia-Pacific
o South America and
o Africa

Applications in the production of biofuels and preparation of alcoholic beverages through sorghum under processing are creating a huge market scope in the recent years. Livestock consumption of fodder sorghum is also increasing the developing countries, which in turn increasing the global production of the crop.
The sorghum seed market report includes competitive vendor landscaping of major companies in the five regions namely North America, Europe, Asia Pacific, South America and Africa. Market share analysis of the major companies in the region is provided.

Browse TOC of This Report: https://www.mordorintelligence.com/industry-reports/sorghum-seeds-for-sowing-market

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