Global Sorghum Seed Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

Sorghum Seed Market Report Overview:

The Sorghum Seed Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

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The sorghum seed market report has been segmented on the basis of product type, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Sorghum is a cereal grain and a staple crop in India and Africa. Sorghum is considered as safe grain alternative for people with celiac disease and gluten insensitivity. There are more than 30 different species of sorghum among those only one is harvested for human consumption and others are primarily used as a fodder for animals.

It is primarily used in the production of sorghum syrup, sorghum molasses, and as grain. It is also used in the production of biofuels and alcoholic beverages around the world. It is considered the fifth most important cereal crop in the world.

On the basis of product type, grain sorghum segment is estimated to hold major revenue share in the global sorghum seed market and is expected to maintain its dominance over the forecast period. Grain sorghum is a nutritious and gluten-free option for baked goods.

Growing demand for food products with high nutrition content is expected to propel market growth over the forecast period. Moreover, these sorghum helps to build body and repair muscle.

On the basis of application, sorghum planting is estimated to be fastest growing application segment in global sorghum seed market over the forecast period. Increase in demand for green fuel and rising demand for cheaper and healthier livestock feed is expected to augment market growth over the forecast period. Development of the hybrid sorghum varieties is anticipated to fuel market growth in next ten years.

North America market is estimated to hold significant revenue share in the global sorghum seed market, in 2017 and is expected to maintain its dominance over the forecast period. Sorghum is used in ethanol production, and increasing demand for ethanol as biofuel in the region is expected to drive market growth in next ten years.

North America accounts for largest revenue share contribution of the target market, followed by markets in Asia Pacific, Europe, Latin America, and the Middle East & Africa respectively. Government initiatives to promote the sorghum production in the region is anticipated to fuel market growth over the forecast period.

Market segmentation and key players operating in the global sorghum seed market:

By product type:

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

By application:

• Sorghum Planting
• Sorghum Breeding

By region:

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