Global Sorghum Market 2017-2021

Overview of the global sorghum market

Market research analysts at Technavio predict that the global sorghum market will grow steadily during the forecast period and post a CAGR of around 5% by 2021. This market research analysis identifies the health benefits of sorghum as one of the primary growth factors for this market. The consumption of sorghum offers various benefits such as reliable source of dietary fiber, decreased chances of cancer, maintaining bone strength, and preventing anemia by aiding in the development of blood. Additionally, the consumption of sorghum also prevents consumers from suffering from numerous ailments and illnesses as it is rich in many ingredients which are beneficial for human consumption.

Players in the sorghum market are increasingly engaging in M&A strategies to increase their market share. Strategic partnerships are gradually increasing steadily which influences the demand and sorghum market growth. This business model enables the expansion of vendors across different geographies and enables vendors to acquire maximum market shares. The vendors opt for these business models so they get the potential to target the global market and increase their profitability.

Competitive landscape and key vendors

The sorghum market is highly fragmented with the presence of numerous small- and large-scale vendors competing on factors such as price, quality, innovation, reputation, and distribution. The competition is intense and it will further intensify due to diverse resources of the vendors. According to the sorghum market analysis research report, the performance of the market players is impacted by factors such as the regional, national, and local economic conditions, changing pattern in consumer spending, consumer tastes, changing economic conditions, and demographic trends.

The leading vendors in the market are -

• Archer Daniels Midland
• Bunge
• Cargill
• Chromatin

The other prominent vendors in the market are Associated British Foods, General Mills, Ingredion, Sai Agro Exim, and SEMO Milling.

Segmentation by application and analysis of the sorghum market

• Human Consumption
• Animal Feed

During 2016, the human consumption segment accounted for the major shares and dominated the sorghum market. Factors such as the numerous health benefits of sorghum and the use of sorghum flour for cooking will contribute to the growth of this sorghum market share and size in the coming years.

Geographical segmentation and analysis of the sorghum market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the sorghum market by 2021. This is mainly due to the presence of countries such as China and India that are the primary importers and consumers of sorghum for either consumption or for the production of ethanol.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global sorghum market?
• What are the key market trends impacting the growth of the global sorghum market?
• What are the challenges to market growth?
• Who are the key vendors in the global sorghum market?
• What are the market opportunities and threats faced by the vendors in the global sorghum market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global sorghum market?

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