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Global Sorghum Market 2017-2021

  • Published: May 2017
  • Pages: 70
  • SKU: IRTNTR13618
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This industry research report identifies Archer Daniels Midland, Bunge, Cargill, and Chromatin as the key vendors in the global sorghum market. This industry research report also presents a competitive analysis of the market by application (human consumption and animal feed), by distribution channel (supermarkets, specialized retailers, convenience stores, and others), and by geography (the Americas, APAC, and EMEA).

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? 

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.

 

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PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Global superfoods market
  • Global sorghum market
  • Five forces analysis

PART 06: Market segmentation by application

  • Global sorghum market by human consumption
  • Global sorghum market by animal feed

PART 07: Market segmentation by distribution channel

PART 08: Geographical segmentation

  • Sorghum market in APAC
  • Sorghum market in EMEA
  • Sorghum market in Americas

PART 09: Key leading countries

  • Sorghum market in China
  • Sorghum market in Mexico
  • Sorghum market in US
  • Sorghum market in India

PART 10: Decision framework

PART 11: Drivers and challenges

  • Market drivers
  • Market challenges

PART 12: Market trends

  • Increasing use of sorghum as an ingredient in food and beverages
  • Mergers and acquisitions, and strategic partnerships
  • Online trends

PART 13: Vendor landscape

  • Competitive landscape
  • Archer Daniels Midland
  • Bunge
  • Cargill
  • Chromatin
  • Other prominent vendors

PART 14: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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