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.
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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.
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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