Global Sorghum Seed Market Size To Grow At 3.6% CAGR From 2023 to 2030

Global Sorghum Seed Market Analysis (2023 - 2030)

As per our research report, the global sorghum seed market size is estimated to be growing at a CAGR of 3.6% from 2023 to 2030.

Sorghum has been cultivated for thousands of years and used as a staple food product in many Asian and African countries. Presently, there have been a lot of innovations and varieties through various genetic engineering and biotechnological methods to improve the quality as well as the quantity. With rising consumer awareness and smart agricultural practices, this market is predicted to expand and see notable growth.

One of the major market drivers is the increase in cultivation of this crop. This can be attributed to initiatives taken by Governmental agencies to improve agricultural practices. Soil quality, sowing methods, and maintenance have seen tremendous growth over the years. Additionally, this crop can be grown in dry regions because it requires less water. All these benefits make it an attractive crop for cultivation.

Secondly, including sorghum as a regular diet food has seen good growth over the years. This crop is known to offer immense nutritional benefits making it a part of the human diet. Moreover, they are mainly used as a part of animal feed. The number of people who consume meat is also increasing thereby helping this market to flourish.

The outbreak of the coronavirus had a profound impact on the market. Many sectors were affected because of various rules and regulations. To prevent the spreading of the virus, people were instructed to stay at home. This caused delays in many works. Most countries increase their economic strength by carrying out trade activities of various crops. However, due to a lack of labor and many guidelines as well as protocols, hurdles were created. Despite these obstacles, it is anticipated that the industry will recover steadily.

One of the biggest challenges that is being faced by the market is preserving the shelf life of sorghum seeds. Even though they are treated with various chemicals and preservatives, complications are common which affects their germination and longevity. Moreover, farmers have been reluctant to undertake positive practices including crop rotation and a reduction in pesticide use.

Sorghum seeds are in higher demand because of their benefits, which include quick growth cycles, minimal input needs, disease and insect resistance, the potential for bioenergy, and climate resilience. Moreover, innovations are being carried out with gluten-free food products for health-conscious customers in the food and beverage industry which is helping the market to grow. Furthermore, there have been rising investments, collaborations, and research about improving the existing market and finding new ones. Cultivation is being increased and markets are being expanded for a better global reach in many Asian and American countries.

KEY MARKET INSIGHTS: 

• Based on type, grain sorghum is the largest growing in the sorghum seed market. This is because of enormous cultivation, extensive use in livestock fees, lesser water requirement, nutrient value, and its application for biofuel production. However, biomass sorghum is the fastest growing. There has been a growing focus on living a sustainable life propelling the segment's success. Additionally, demand for renewable energy is boosting the market.
• Based on nature, the conventional segment is the largest growing in the sorghum seed market owing to reasons like easier availability, more cultivation, and associated price. However, the organic segment is considered to be the fastest-growing. This farming uses no chemicals or fertilizers. They hold a higher nutritional value though expensive. The rising demand to consume clean-label food is helping with the enlargement.
• Based on application, biofuel, and ethanol is the largest growing in the sorghum seed market. This is due to Governmental initiatives to promote sustainability and expand the renewable energy sector. Additionally, the depletion of natural resources has played a huge role in finding suitable alternatives. However, the livestock feed segment is the fastest growing. This is because of the nutritional content like protein, energy, vitamins, and minerals associated. This food is well suited to animals making them an apt choice.
• Based on region, the Middle East and Africa are the largest growing sorghum seed market. This is because of the demand, higher cultivation, cultural significance, and the temperature as well as weather conditions in countries like Sudan, Ethiopia, and Somalia. Europe is the fastest growing region owing to emerging companies, rising demand, awareness about health benefits, and initiatives taken towards sustainability.
• Companies playing a leading role in the global sorghum seed market profiled in this report are KWS SAAT SE & Co. KGaA, Corteva Agriscience, Groupe Limagrain Holding S.A., Dyna-Gro, Inc., DeKalb Genetics Corporation, Advanta Seeds, Nufarm Ltd., The Archer-Daniels-Midland Company, Richardson Seeds Ltd., and Allied Seed, LLC.

MARKET SEGMENTATION:

By Type:

• Biomass Sorghum
• Forage Sorghum
• Grain Sorghum
• Sweet Sorghum

By Nature:

• Conventional
• Organic

By Application:

• Human Feed
• Livestock Feed
• Biofuel And Ethanol

By Region:

• North America 
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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