The sorghum seed market consists of sales of sorghum seeds by entities (organizations, sole traders, and partnerships) that refer to a type of corn that is grown in warm countries. Its grain is often made into flour or syrup. Sorghum is called a grain millet, Indian millet, milo, durra, cereal grain plant, and they are related to the grass family. It is a crucial grain and forages crop because of its high flexibility and suitability for rain-fed low-input agriculture.
The main product types of sorghum seed are grain sorghum, sweet sorghum, forage sorghum and biomass sorghum. Forage sorghum is a large, warm-season annual grass that can be grown as a silage crop. The various applications include sorghum planting, sorghum breeding and is used in several sectors such as animal feed, food industry, wine making, biofuel and chemical production, others.
The global sorghum seed market is expected to grow from $1.70 billion in 2021 to $1.84 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The global sorghum seed market is expected to reach $2.22 billion in 2026 at a CAGR of 4.8%.
The rising awareness of a healthy lifestyle coupled with the growing trend of a healthy diet is contributing to the growth of the sorghum seed market. Consumer behavior towards healthy food consumption has shifted significantly in recent years as a result of increased awareness of health and changing lifestyles, as well as growing concerns about the benefits associated with health and wellness food. Sorghum is a nutrient-dense grain that is high in B vitamins, magnesium, potassium, phosphorus, iron, and zinc, among other vitamins and minerals. It also contains a high amount of fiber, antioxidants, and protein. For instance, according to a survey conducted by The Hindu in 2021, 70% of the participants stated that they will focus on improving overall health and immunity as well as lowering stress and anxiety by prioritizing dietary changes. Thus, the rising awareness of a healthy lifestyle coupled with the growing trend of a healthy diet will drive the growth of the sorghum seed market going forward.
Collaborations and partnerships have emerged as a key trend gaining popularity in the sorghum seed market. Major companies operating in the sorghum seed sector are focused on collaborations and partnerships to meet consumer demand and strengthen their position. For instance, in October 2019, National Sorghum Producers, a US-based organization for improving the sorghum industry, partnered with the United States Department of Agriculture, the federal executive department responsible for developing and executing federal laws related to farming, and forestry in the US. The goal of this collaboration is to quantify sorghum sustainability in a key ethanol-producing region. Furthermore, in September 2019, Monsanto, a US-based agrochemical and agricultural biotechnology corporation merged with Bayer CropScience Limited for an undisclosed amount. This merger brought two complimentary firms together, resulting in the creation of an innovative engine for Indian agriculture. Bayer CropScience Limited is a Germany-based company that offers sorghum seeds.
In October 2021, Crystal Crop Protection Ltd, an India-based crop solutions company, signed a definitive agreement to acquire Cotton, Mustard, Pearl Millet, and Grain Sorghum hybrids from Bayer CropScience in India, for an undisclosed amount. Through this acquisition, Crystal will strengthen its field crops seed business which includes strong brands and R&D capabilities. Bayer CropScience LLC is a Germany-based chemicals company that is specialized in the development of seeds and crop protection products.
Major players in the sorghum seed market are Groupe Limagrain, Chromatin Inc, Allied Seed LLC, DuPont Pioneer, Hancock Farm and Seed Company, Advanta Limited, Seed Co Limited, La Crosse Seed LLC, Sustainable Seed Company, S&W Seed Co., Monsanto, Nufarm, Dyna-Gro Seed, Proline, Heritage Seeds, Blue River Hybrids, Safal Seeds & Biotech, NexSteppe, UPL Limited, Alta Seeds, Mabele Fuels, National Sweet Sorghum Producers & Processors Assn, Richardson Seeds, Shri Lal Mahal Group, Sorghum Forum, and EuralisSemences.
North America was the largest region in the sorghum seed market in 2021. Asia Pacific is expected to be the fastest-growing region in the global sorghum seed market during the forecast period. The regions covered in the global sorghum seed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the sorghum seed market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The global sorghum seed market is segmented -
1) By Product Type: Grain Sorghum, Sweet Sorghum, Forage Sorghum, Biomass Sorghum
2) By Application: Sorghum Planting, Sorghum Breeding
3) By End User: Animal Feed, Food Industry, Wine Making, Biofuel And Chemical Production, Other End Users