Sorghum Seed Market

Global Sorghum Seed Market Size (2024 to 2029)

The global sorghum seed market size is expected to reach USD 6.45 billion in 2024 and reach USD 8.1 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.8 % during the forecast period from (2024 to 2029)

MARKET DRIVERS

Rising demand for the animal feed sector is driving the sorghum seed market growth at an exponential rate during the forecast period. Animal feed manufacturers, alcohol distilleries, and starch industries are the few major industries using sorghum as the input. Over the last few years, there has been an unprecedented increase in the demand for animal protein. Meat consumption increased to a value of 116 million metric tons in 2018, as per the report by the Organisation for Economic Co-ordination and Development (OCED). The increase in the consumption of livestock meat has led to an increase in the population of livestock, which has had a direct impact on the production of animal feed. According to the report by the NASS-USDA, there was a drastic increase to a value of 3.6 million metric tons in 2016 across the globe in the usage of sorghum as feed concentrates. This resulted in the boosting demand for sorghum seeds and propelling the growth of the sorghum seed market. The fund has been allocated to the promotion of the sorghum grain, feed, and seed and to contribute to its development in the European region. The rise in the demand for feed and the price of corn are encouraging farmers to take up sorghum as a forage crop.

The rise in the awareness of a healthy lifestyle, along with the growing trends towards a healthy diet, is driving the sorghum seed market value. In recent times, there has been a change in consumer behavior in terms of food consumption and lifestyle. There is a shift towards a healthy diet and lifestyle due to the growing concern over the benefits associated with the health and wellness of food. Sorghum has a rich nutrient content, including vitamins, magnesium, phosphorous, potassium, iron, and zinc, along with several nutrients and minerals. In 2021, as per the survey by The Hindu, around 70 % of the participants will focus on improving their health and immunity by prioritizing dietary changes. Thus, the increased focus on a healthy lifestyle and the growing trend for a healthy diet will boost the market to move forward during the forecast timeline.

MARKET RESTRAINTS

The short shelf life of the sorghum seeds will act as a restraint to the sorghum seed market expansion. The pre-treated seeds can lower the insect and pest infestation for the sorghum crop. Treated seeds have a short shelf life and a rapid rate of vigor decline in the sorghum. The physical and chemical properties of the formulation have a significant impact on the microbes' survival. Growers have not fully taken advantage of beneficial agricultural strategies like restricted dose usage of pesticides, proper quantity of application fertilizers, using the best quality inputs, and crop rotation. Thus, the shorter shelf can be considered a key challenging factor in the adoption of sorghum cultivation by the growers.

Impact Of COVID-19 On The Sorghum Seed Market

The COVID-19 pandemic has shown a significant impact on the sorghum seed market. The effect has been seen in the areas of production, certification, distribution, and cost of seeds, which are fundamental in the development of resilient agricultural sectors. In terms of the production of seeds for international trade, a contraction in the market for plants and seeds is observed due to the reduced commercial flights accompanied by the cost and availability of a few personnel in the production, transportation, and documentation process. However, the market started growing when the situation became normal, and the restoration of all activities as prior was observed, favoring the market growth and development.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Sorghum Seed Market By Type

The grain sorghum segment is expected to dominate the sorghum seed market during the forecasted period. There are high concentrations of the phenolic compounds in sorghum, which are antioxidants. It also helps in the reduction of many kinds of inflammation due to the presence of its antioxidant properties.

On the other hand, Biomass sorghum is estimated to be the fastest-growing segment during the forecast period. Biomass sorghum fits the criteria for future biofuels in terms of being farmer-friendly and utilizing current agricultural infrastructure, as per the committee of specialists conducted by Purdue University Scientists. Sorghum is manipulated genetically to increase cellulose by reducing the seeds, cutting inputs, and increasing marketing growth. The effectiveness of sorghum as a bioenergy crop is due to its ability to minimize nitrogen inputs.

Global Sorghum Seed Market By Application Form

Grain flour from the grain sorghum is expected to hold a dominant share in the sorghum seed market. It has a high fiber content that helps in lowering the LDL (bad cholesterol) levels in the body, thereby decreasing the risk of heart attack. The whole grain provides antioxidants along with minerals, including magnesium, iron, and other essential vitamins and nutrients. Sorghum is beneficial for cardiovascular diseases due to its extraordinary health benefits for the human body.

However, the syrup segment is anticipated to be a fast-growing category with a high CAGR during the forecast timeline in the sorghum seed market owing to its several uses in the food industry. It is a rich, nuanced sweetener that can be used in several dishes and even in baked goods. Sorghum syrup can be used as a healthier alternative to sugar and has a higher mineral value when compared to honey. Sorghum has a greater amount of vitamin B6 concentration than other sweeteners like honey, which helps to increase market growth and expansion.

REGIONAL ANALYSIS

North America has the largest market for sorghum seeds. North America is one of the largest exporters of sorghum seeds, according to the United States Department of Agriculture (USDA) report, and major importers include Japan, Mexico, and the Philippines. The varieties of sorghum available in North America are tannin-free, which makes it more suitable for usage as an ingredient in poultry dietary feed with minor changes. Sorghum forage can be used as a substitute for the corn crop, which was suggested by the Canadian government in 2016 and mentioned in MOA “National Structure Adjustment Plan for Crop Farming (2016-2020). These types of government initiatives for the promotion of sorghum production in the country are likely to boost the sales of the forage sorghum seeds in the region and increase its market share in the sorghum seed market.

Europe is anticipated to be the fastest-growing region for the sorghum seed market during the forecast period. Europe region has started growing sorghum since World War II and is mostly utilized for livestock feed. It has been a significant use in human food consumption. According to the UN’s Food and Agricultural Organization, around 62 million tonnes of sorghum is produced across the globe, and the European Union (EU) produces about 7,50,000 tonnes.

KEY MARKET PLAYERS

KAS SAAT SE & CO.KGaaA; Corteva Agriscience; Groupe Limagrain; Bayer CropScience SE; UPL Limited; Blue River Hybrids; National Sweet Sorghum Producers & Processors Association, Shri Lal Mahal Group; La Crosse Seed LLC; Advanta Limited; Hancock Farm and Seed Company; Allied Seed LLC; Alta Seeds; NexSteppe; Safal Seeds & biotech; Dyna-Gro Seed; sustainable Seed Company; DuPont Pioneer; Heritage Seeds. Some of the major key players involved in the sorghum seed market.

RECENT HAPPENINGS IN THE GLOBAL MARKET

• In 2021, U.S.-based commodity organization National Sorghum Producers partnered with Advanta Seeds, which is a U.S.-based farming solutions and technology company. This partnership helps the grower succeed and acts as a Gold-level sponsor through the NSP Industry Partner Program. There is more emphasis on grower productivity, profitability, and education under the advocacy and support of the NSP activities.
• In 2021, an India-based crop solutions company, Crystal Crop Protection Ltd, signed an agreement with Bayer Crop Science in India to acquire Cotton, Mustard, Pearl Millet, and Grain Sorghum hybrids for a certain amount.
• In 2021, a new herbicide-tolerant trait was launched by Corteva Agriscience with the name InzenTM. The new trait is the exclusive pioneer brand grain sorghum. This herbicide-tolerant trait, when partnered with the ZestTM WDG herbicide, gives outstanding control of the postemergence annual grasses, which decreases the yield.

DETAILED SEGMENTATION OF THE GLOBAL SORGHUM SEED MARKET INCLUDED IN THIS REPORT

This market Research Report on the global sorghum seed market is segmented and sub-segmented into the following categories.

By Type

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

By Application form

• Gram Flour
• Popped
• Flake
• Puffs
• Chips
• Pasta
• Syrup
• Others

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa