Global Grain Sorghum Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Grain sorghum is known for its ability to withstand drought and its nutrient rich composition; it has been a staple cereal crop valued for its uses in both food and feed production. The versatility of this crop extends to industries such, as food manufacturing where it serves as a gluten free option and is utilized in making a variety of foods including breads and pastas.
Market Key Insights
- The Grain Sorghum market is projected to grow from $7.3 billion in 2024 to $12.1 billion in 2034. This represents a CAGR of 5.1%, reflecting rising demand across Food Industry, Biofuel Production and Animal Feed.
- The market leaders in this industry include Archer Daniels Midland Company, Bunge Limited and Cargill Inc. which determine the competitive dynamics of this market.
- U.S. and China are the top markets within the Grain Sorghum market and are expected to observe the growth CAGR of 3.3% to 4.9% between 2024 and 2030.
- Emerging markets including Ghana, Ethiopia and Vietnam are expected to observe highest growth with CAGR ranging between 5.9% to 7.0%.
- The Grain Sorghum market will receive a $700.0 million boost from the transition of Expanding Biofuel Application until 2030.
- The Grain Sorghum market is set to add $4.7 billion between 2024 and 2034, with manufacturer targeting Biofuel & Human Consumption Application projected to gain a larger market share.
- With Rising health consciousness, and Innovation in biofuel production, Grain Sorghum market to expand 64% between 2024 and 2034.
Opportunities in the Grain Sorghum
Collaborating strategically with Grain Sorghum farmers and seed companies well as engaging research institutions has the potential to enhance the development of new and improved varieties in a significant way.
Growth Opportunities in North America and Africa
North America Outlook
Africa Outlook
Market Dynamics and Supply Chain
Driver: Rising Health Consciousness, and Increasing Demand in Animal Feed
The continuous exploration for energy sources has also brought attention to the promising role of grain sorghum in creating biofuels. Its abundance in sugar content efficient water usage and cost effective production make it a favorable option, for producing eco friendly ethanol, which ultimately supports the growth of its market reach.
Restraint: Vulnerability to Weather Conditions
Opportunity: Increased Focus on Healthy Eating and Expanding Biofuel Industry
The expanding biofuel sector offers a market for Grain Sorghum as a promising bioenergy crop option in response to the global shift towards sustainable energy sources across nations. The rising interest, in Grain Sorghum stems from its ethanol production capabilities and cost effective cultivation methods. With technological innovations aimed at boosting ethanol output from Grain Sorghum crops this field presents abundant opportunities waiting to be explored and harnessed.
Challenge: Struggling in the Face of Technological Limitations
Supply Chain Landscape
Monsanto
Pioneer (Corteva Agriscience)
Syngenta
Bayer Crop Science
BASF
Dowdupont
ADM Milling Co.
Bunge Milling Inc
Albertsons
Walmart
ADM Grain Co
Monsanto
Pioneer (Corteva Agriscience)
Syngenta
Bayer Crop Science
BASF
Dowdupont
ADM Milling Co.
Bunge Milling Inc
Albertsons
Walmart
ADM Grain Co
Applications of Grain Sorghum in Food Industry, Biofuel Production & Animal Feed
Grain Sorghum, particularly the red and white varieties, is extensively used in the food industry. Its high nutritional value, gluten-free composition, and versatility make it a preferred choice for various culinary applications. This healthy grain finds extensive usage in baking, soups, and breakfast cereals among others. Key players relying heavily on grain sorghum in the food industry include well-established food manufacturers who use the grain for its unique combination of nutritional benefits and flavor profile.
The high protein and fiber content of grain sorghum makes it an ideal inclusion in animal feed. It ensures a balanced diet, contributing significantly to the health and productivity of livestock. The grain sorghum, especially the high-tannin variety, is commonly used in poultry, cattle, and swine feeds. Top players in this field, such as large-scale livestock feed producers, capitalize on the grains cost-effectiveness and substantial nutritional profile to maintain their competitive edge.
Grain Sorghum, specifically the sweet and high-biomass varieties, plays a significant role in biofuel production. Its impressive conversion ratio, hardiness, and ability to grow under diverse weather conditions make grain sorghum an excellent biomass feedstock. Leading biofuel producers opt for grain sorghum to enhance their production efficiency, optimize resources, and reinforce their environmental sustainability efforts.
Recent Developments
In a strategic move for expansion, National Food Corps bolstered its Grain Sorghum processing capabilities by investing in advanced milling technologies
AgriProGen announced groundbreaking bioengineering advancements in Grain Sorghum, unveiling a new drought-resistant and high-yielding variant
Worldwide biofuel producer, CleanFuel Group, increased its Grain Sorghum sourcing by 24%, reinforcing the crops prominence in sustainable bioenergy production.