Sorghum
is a versatile crop which can be grown as a sweet crop or as a grain
and is considered as one of the top five cereal crops globally. Many
species of sorghum is grown for grains while other species are used
as fodder plants, which is either naturally grown in pasture lands or
is cultivated in large areas. Sorghum is also known as a drought
tolerant and high-energy crop which is environmentally friendly.
Depending on variety of sorghum species, sorghum can be used for hay
production, grazing pasture and silage and green-chop. Forage sorghum
is the most popular crop which is used as silage for livestock
feeding. Biomass sorghum species are widely used for producing
bioenergy worldwide. Sweet sorghum is primarily cultivated for
producing sorghum syrup globally. Sweet sorghum is harvested for the
stalks which is crushed like sugarcane to produce syrup. Sweet
sorghum is also used as a healthy alternative sweetener for alcoholic
beverages and for chemical production and biofuel.
Global
Sorghum: Market Segmentation
The
global
sorghum market
is segmented on the basis of type, application, and region. The
global sorghum market is segmented on the basis of type which
includes grain sorghum, forage sorghum, biomass sorghum and sweet
sorghum. Sweet sorghum is mainly used for producing sweet syrup.
Forage sorghum is primarily used for livestock feeding. Biomass
sorghum is used for biofuel and ethanol production. The global
sorghum market is segmented on the basis of application in which
sorghum is used as an alternative sweetener for alcoholic beverages
such as rum, whisky and others. Sorghum is also used for ethanol and
biofuel production. Sorghum is primarily used for livestock feeding.
Hence, the global sorghum market is expected to significantly
increase the revenue contribution over the forecast period.
Global
Sorghum Market: Regional Outlook
Geographically,
the global sorghum industry can be divided by major regions which
include North America, Latin America, Europe, Asia Pacific and Middle
East and Africa. Globally, among all regions, North America has
developed as the dominant region in global sorghum market followed by
Asia Pacific. Increasing demand for sorghum as an alternative
sweetener for alcoholic beverages, has strengthened the growth of
global sorghum market and hence is projected to significantly expand
the revenue contribution of the market over the forecast period.
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Global
Sorghum Market: Growth Drivers
Growing
demand for sorghum as an alternative sweetener for various alcoholic
beverages is a major factor driving the global sorghum market
worldwide. As a result of being a versatile crop, sorghum is also
used expanding markets such as floral arrangements, fencing, building
material, pet food and others, which is another major driving factor
for global sorghum market. Manufacturers are offering innovative
sorghum-based products to the consumers in order to remain in the
competition in the market. Many sorghum producers are providing
healthier product offerings based on the increasing demand for
sorghum as a better substitute in a variety of food products.
Sorghum's versatility gives it the elasticity to reach beyond
traditional markets, further enhancing producer productivity. Hence,
the global sorghum market is expected to observe robust growth over
the forecast period.
Global
Sorghum Market: Key Players
Some
of the key players identified across the value chain of the global
sorghum market include National Sorghum Producers, National Sweet
Sorghum Producers & Processors Assn, SHRI LAL MAHAL Group,
SORGHUM FORUM OF SOUTH AFRICA, Mabele Fuels, Richardson Seeds,
DuPont, Advanta Seeds US are among others. The companies are expected
to expand their business by enhancing their product portfolio in
global sorghum market. The companies are projected to frame certain
strategies in future in order to gain the competitive advantage in
global sorghum market till 2025.
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