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Global Sorghum Market 2017-2021

Global Sorghum Market 2017-2021

About Sorghum

Sorghum is a versatile crop which can be used as a grain, forage, or sweet crop. It is one of the top five cereal in the world. Sorghum is believed to have originated in Africa. It has a lower feed quality than maize. The US is the largest producer of sorghum globally. Sorghum contains various nutrients such as carbohydrates, protein, fat, calcium, iron, vitamin B, and niacin. It contains about 10% protein and 3.4% fat. It is used in the production of different products such as edible oil, starch, dextrose, and alcoholic beverages.

Technavio’s analysts forecast the global sorghum market to grow at a CAGR of 4.90% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global sorghum market for 2017-2021. To calculate the market size, the report considers the sale of sorghum products to individual consumers.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Sorghum Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Archer Daniels Midland
  • Bunge
  • Cargill
  • Chromatin
Other prominent vendors
  • Associated British Foods
  • General Mills
  • Ingredion
  • Sai Agro Exim
  • SEMO Milling
Market driver
  • Increasing demand for baijiu
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating prices of sorghum
  • For a full, detailed list, view our report
Market trend
  • Mergers and acquisitions, and strategic partnerships
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Sorghum Market 2017-2021
Technavio recognizes the following companies as the key players in the global sorghum market: Archer Daniels Midland, Bunge, Cargill, and Chromatin.

Other Prominent Vendors in the market are: Associated British Foods, General Mills, Ingredion, Sai Agro Exim, and SEMO Milling.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is mergers and acquisitions, and strategic partnerships. Players operating in the market are increasingly engaging in mergers and acquisitions (M&As) to increase their market share and to gain access to new products and technologies. Strategic M&As will also help vendors to increase their revenue stream and to consolidate their positions in the market in the long run. In June 2016, Chromatin acquired the US-based sorghum seed supplier Kirkland Seed. Kirkland Seed provides forage sorghum seed to growers and distributors in North America.”
According to the report, one of the major drivers for this market is increasing demand for baijiu. The increasing demand for baijiu is one of the primary growth drivers of the global sorghum market. It is estimated to be the world's highest-selling spirit category. Even though the drink is more popular in China than in other countries, baijiu is gaining popularity in the US and in some European countries such as Germany, in recent times.
Further, the report states that one of the challenges for the growth of the global sorghum market is the fluctuating price of sorghum globally. The production of sorghum in Ethiopia was affected by the El Niño-induced drought in 2016. This led to an increase in the prices of the product.

Companies Mentioned

Archer Daniels Midland, Bunge, Cargill, Chromatin, Associated British Foods, General Mills, Ingredion, Sai Agro Exim, and SEMO Milling.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Top five sorghum producing countries 2016
      • Table Top five sorghum importing and exporting countries 2016
  • Market landscape
    • Market overview
      • Table Global sorghum market in global superfoods market 2016: An overview
    • Global superfoods market
      • Table Global superfoods market 2016-2021 ($ billions)
    • Global sorghum market
      • Table Global sorghum market by revenue 2016-2021 ($ billions)
      • Table Global sorghum market by volume 2016-2021 (millions of tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Global sorghum market by application 2016 and 2021 (% share)
    • Global sorghum market by human consumption
      • Table Global sorghum market by human consumption 2016-2021 (millions of tons)
    • Global sorghum market by animal feed
      • Table Global sorghum market by animal feed 2016-2021 (millions of tons)
  • Market segmentation by distribution channel
    • Table Global sorghum market by distribution channel 2016 (% share)
  • Geographical segmentation
    • Table Global sorghum market by geography 2016 and 2021 (% share)
    • Sorghum market in APAC
      • Table Sorghum market in APAC 2016-2021 (millions of tons)
    • Sorghum market in EMEA
      • Table Sorghum market in EMEA 2016-2021 (millions of tons)
    • Sorghum market in Americas
      • Table Sorghum market in Americas 2016-2021 (millions of tons)
  • Key leading countries
    • Table Key leading countries' market share 2016
    • Sorghum market in China
      • Table Sorghum market in China 2016-2021 (millions of tons)
    • Sorghum market in Mexico
      • Table Sorghum market in Mexico 2016-2021 (millions of tons)
    • Sorghum market in US
      • Table Sorghum market in US 2016-2021 (millions of tons)
      • Table Sorghum cultivation in US 2016 (millions of acres)
    • Sorghum market in India
      • Table Sorghum market in India 2016-2021 (millions of tons)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Sorghum price 2012-2016 ($ per metric ton)
  • Market trends
    • Increasing use of sorghum as an ingredient in food and beverages
    • Mergers and acquisitions, and strategic partnerships
    • Online trends
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors operating in global sorghum market
      • Table Competitive positioning matrix for key players in global sorghum market 2016
    • Archer Daniels Midland
      • Table Archer Daniels Midland: Adjusted EBITDA 2015 and 2016 ($ billions)
      • Table Archer Daniels Midland: R&D expenditure 2014-2016 ($ millions)
      • Table Archer Daniels Midland in global sorghum market
      • Table Archer Daniels Midland: Recent developments
    • Bunge
      • Table Bunge: Net sales 2015 and 2016 ($ billions)
      • Table Bunge: Net income 2015 and 2016 ($ millions)
      • Table Bunge: R&D expenditure 2014-2016 ($ millions)
      • Table Bunge in global sorghum market
      • Table Bunge: Recent development
    • Cargill
      • Table Cargill: Net revenue comparison 2015 and 2016 ($ billions)
      • Table Cargill: Adjusted operating earnings comparison 2015 and 2016 ($ billions)
      • Table Cargill: Geographical segmentation by revenue 2016 (% share)
      • Table Cargill in global sorghum market
      • Table Cargill: Recent developments
    • Chromatin
      • Table Chromatin in global sorghum market
      • Table Chromatin: Recent developments
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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