Global Sorghum Seed Market Size By Type (Grain Sorghum, Forage Sorghum), By Application (Sorghum Planting, Sorghum Breeding), By Region, And Segment Forecasts, 2023 to 2032
Report Id: 20722 | Published Date: Nov 2024 | No. of Pages: | Base Year for Estimate: Nov 2024 | Format:
The Global Sorghum Seed Market is experiencing significant growth, fueled by rising demand for sustainable, drought-resistant crops and the expansion of organic and non-GMO farming practices worldwide. Valued at approximately USD 1.2 billion in 2023, it is projected to reach USD 1.9 billion by 2031, growing at a CAGR of 5.9% over the forecast period. Sorghum is increasingly favored due to its adaptability to various climates, minimal water requirements, and versatility across food, feed, and biofuel industries.
Drivers:
Demand for Climate-Resilient Crops:
Sorghum's natural resilience to drought and heat positions it as an ideal crop
for regions with challenging climates, a key driver of its adoption.
Growth in Organic and Non-GMO Farming:
Rising consumer preference for organic, non-GMO products drives demand for
sorghum seeds that meet these standards, boosting market growth.
Use in Animal Feed and Biofuels: Sorghum's
nutritional value and cost-effectiveness make it a popular choice in animal
feed, while its use in biofuels supports sustainable energy production.
Restraints:
Limited Awareness in Emerging Markets:
Despite its benefits, awareness of sorghum as a viable crop alternative is
limited in some regions, potentially restraining market growth.
Competition from Other Grains: Sorghum
faces competition from more established grains like wheat and corn,
particularly in regions where it is less known.
Opportunity:
Expansion into New Applications: As a
gluten-free grain, sorghum has potential in the health-conscious and
alternative food market. Expanding its use in food products could open
significant growth avenues.
Market Growth in Africa and Asia-Pacific:
With increasing awareness and adoption, the sorghum seed market is poised for
substantial growth in Africa and Asia-Pacific, where its resilience aligns with
regional agricultural needs.
Market by Type Insights:
The Hybrid Sorghum Seed segment holds a
dominant share, with hybrid seeds offering higher yield and disease resistance
compared to traditional varieties. This segment is expected to lead throughout
the forecast period as farmers prioritize efficiency and crop resilience.
Market by Application Insights:
The Animal Feed application is the largest
contributor, driven by the grain’s nutritional profile and cost advantages.
However, the Food and Beverage segment is anticipated to see faster growth,
supported by demand for gluten-free and health-focused products.
Market
by Regional Insights:
Geographically, North America leads the
market due to well-established sorghum cultivation practices, high demand for
animal feed, and biofuel applications. The Asia-Pacific region, especially
India and China, is expected to witness the highest growth, supported by
increased adoption of drought-resistant crops and rising awareness of sorghum's
benefits.
Competitive
Scenario:
Key players in the Global Sorghum Seed
Market include Advanta Seeds, Corteva Agriscience, Nufarm Ltd., Dyna-Gro Seed,
and Chromatin, Inc. These companies are focusing on product innovation, hybrid
seed development, and partnerships with regional distributors to strengthen
their market presence. Recent developments include Nufarm’s expansion of its
non-GMO sorghum seed portfolio and Advanta Seeds’ new high-yield hybrids
designed for diverse growing conditions.
Scope
of Work – Global Sorghum Seed Market
Report
Metric |
Details |
Market Size in 2023 |
USD 1.2 billion |
Market Size in 2031 |
USD 1.9 billion |
Growth Rate (CAGR) |
5.9% |
Market Segments |
Seed Type (Hybrid, Open-Pollinated),
Application (Animal Feed, Food & Beverage, Biofuel) |
Growth Drivers |
Demand for Climate-Resilient Crops,
Organic & Non-GMO Farming Growth |
Opportunities |
Expansion in Asia-Pacific, Gluten-Free
& Health Food Markets |
Key
Market Developments:
2023: Advanta Seeds launched a new hybrid
seed variant with enhanced drought resistance.
2024: Corteva Agriscience partnered with
local distributors in Africa to promote sorghum as a climate-resilient crop.
2025: Chromatin, Inc. introduced a
high-yield, disease-resistant sorghum seed aimed at North American and Asian
markets.
FAQs:
What is the current market size of the
Global Sorghum Seed Market? The Global Sorghum Seed Market was valued at USD
1.2 billion in 2023.
What is the major growth driver of the
Global Sorghum Seed Market? The major growth driver is the rising demand for
climate-resilient crops due to changing environmental conditions.
Which is the largest region during the
forecast period in the Global Sorghum Seed Market? North America currently
holds the largest market share, while Asia-Pacific is expected to experience
the fastest growth.
Which segment accounted for the largest
market share in Global Sorghum Seed Market? The Hybrid Sorghum Seed segment
held the largest market share due to its high yield and resilience.
Who are the key market players in the
Global Sorghum Seed Market? Key players include Advanta Seeds, Corteva
Agriscience, Nufarm Ltd., Dyna-Gro Seed, and Chromatin, Inc.
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