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In an era of climate change and outgrowing demand influx, constant research and investment are carried out to gauge the potentiality of cereal crops, which can dramatically impact the future of food security. While several crops are contributing to the development of a sustainable environment, sorghum and sorghum seeds are not only fulfilling the shifting dietary choices but also contributing to the manufacturing of biofuels and ethanol. Hence, this diversification is contributing to the expansion of the sorghum and sorghum seeds market across the globe and more so when sorghum nutrition is gaining prominence.
The leading producers of sorghum across the world in 2017 were Mexico, the US, Nigeria, and India. After rice, wheat, maize, and barley, sorghum is the fifth-most important cereal, as it sustains in a broad range of temperatures, toxic soils, high altitudes, and can recover growth after a drought. While farmers are trying to develop ways to yield greater harvests, recent research reveals that relay cropping method with sorghum and winter barley can giver higher-yield than double-cropping. Therefore, cultivating 3 crops in 2 years will give an edge to the farmers to produce more variety with high yield value. Therefore, the implementation of this procedure will help in the expansion of the sorghum and sorghum seeds market size worldwide.
As of 2018, the Sorghum and Sorghum Seeds Market size was evaluated at around $9.1 billion, which is expected to escalate at a CAGR of 3.2% during the forecast period 2019-2025. The report details sorghum and sorghum seeds market size by type and market size by applications, sorghum and sorghum seeds market share by top 5 companies and also the market share by startups.
Sorghum and Sorghum Seeds Market Analysis: Key Application
Sorghum and sorghum seeds are consumed by the population and animals in several ways such as sorghum flour, sorghum meal, forage sorghum, and others. This exceptional drought-resistant plant is often used as a replacement for maize, which cannot be grown at varied temperatures. However, the significant utilization of sorghum and sorghum seeds can be found in the production of biofuel and ethanol. Sweet sorghum stalks are squeezed to extract the juice and make biofuel. Then they are fermented to produce ethanol. Several researchers and universities are running trials to extract the best variety of ethanol.
The world had around 115 years of coal production and roughly 50 years of both oil and natural gas remaining. If the consumption rate continues at this rate, then the earth will be left with no fossil fuel energy. Moreover, these fossil fuels are becoming one of the largest sources of carbon emissions, causing global warming, where alternatives such as biofuels is an efficient way to reduce these emissions. Also, as per the analysis of the International Organization of Motor Vehicle Manufacturers (OICA), in 2018, around 95.63 billion cars were manufactured, heightening the concern for carbon emission. Several manufacturers are looking forward to renewable energy and biofuels to make vehicles more nature-friendly.
Also, ethanol can be used as a substitute for gasoline in petrol engines. Both biofuels and ethanol are produced from sorghum and sorghum seeds, therefore paving novel opportunities for many sorghum and sorghum seeds market leaders. Since April 2020, the automotive industry of India is set to witness the BS6 regime by the Supreme Court’s order. To keep the emissions level at a check, the Indian government has been implementing the Bharat Stage (BS) norms from 2000, which are based on European emission standards. In September 2019, Maruti Suzuki India has launched the first BS6-compliant petrol engine implemented seven vehicles including Baleno, Dzire, Ertiga, Alto 800, WagonR (1.2-litre), Swift, and XL6. These complaint petrol vehicles will diminish Nitrogen Oxide emissions by 25%. These petrol vehicles can adopt the usage of ethanol derived from sorghum, expanding the sorghum and sorghum seeds market across various regions.
Moreover, for the last few years, the African Centre for Crop Improvement has been breeding sorghum to benefit the biofuel and bioplastic industries in South Africa, in collaboration with the Technology Innovation Agency (TIA). Researchers have found significant positive results that could sustain the biofuel and bioplastic sector in South Africa. Therefore, the sorghum and sorghum seeds market will flourish across the world. The major application of sorghum as biofuels and ethanol is projected to witness increment at a CAGR of 3.7% during the forecast period 2019-2025.
North America Sorghum and Sorghum Seeds Market Overview:
As of 2018, North America grabbed the largest sorghum and sorghum seeds market share with around 31% amidst the global market. The North America sorghum market has been witnessing growth due to several reasons. While researchers are leaving no stones unturned to bring innovation, the versatility of the product is leading to mergers and acquisitions among companies, paving opportunities for several other market players. In June 2016, the US seed and agrochemicals company Monsanto Co sold its US sorghum production assets to Remington Holding Co LLC. They announced to roll the business into a joint venture with transactions valued at about $169.5 million. On the other hand, in 2017, the US produced around 363.8 million bushels, valued at nearly $1.18 billion sorghum. Grown in 15 different states of US, Kansas and Texas harvested 81% of the US sorghum crop in 2017, where Kansas produced 200.9 million bushels valued at $624.4 million, and Texas manufactured 94.5 million bushels valued at $341.3 million. Besides, 12% of the US sorghum production is consumed for ethanol production.
Different Florida companies are pursuing to use sorghum and sorghum seeds for feedstock as well as to produce renewable energy from it. Almost 22 countries across the globe purchase sorghum from the US, making it the leading exporter of the market. In 2018, the US sorghum exports totaled 6.04 million metric tons. While 50% of sorghum is utilized by humans, in the US, 90% of the sorghum consumed is used as a component in livestock feed. All these arrays of figures are evincing the flourishing factors of the North America sorghum and sorghum seeds market.
Sorghum and Sorghum Seeds Market Trends & Growth Drivers:
The diversified features of sorghum have made it more appealing to the consumers than corn. Using 40% less water than corn, it has 40-60% less lignin content to improve palatability and digestibility. Several governmental policies and campaigns are being carried out across the world to make the consumers more aware of the adoption of the sorghum and sorghum seeds for biofuels, fodders, and others.
Sorghums are also getting attraction because it is often used in gluten-free recipes and products as a wheat substitute. In 7.5 billion population, 1 in every 100 is affected by celiac disease, which demands gluten-free food as a cure. The global gluten-free food market is anticipated to witness a dramatic growth and is estimated to be double in the next five years growing at a healthy CAGR of 9.8% from 2015 to 2020. With the rising statistics of the gluten-free food, the sorghum and sorghum seeds market will also get positively affected.
On the other hand, apart from the culinary and biofuel usage, sorghum is fermented and distilled to manufacture one form of clear spirits known as baijiu, a drink common in China. As per the analysis of the Chemical and Engineering News Organization, this potent beverage is one of the most commonly consumed alcoholic beverage in the world. Globally, people drink more than 4 billion liters of baijiu per year. Chinese distillers are trying to transform baijiu as new tequila for consumers in Europe and America. The APAC alcoholic beverages market size was evaluated to be $562 million in 2018, which is expected to grow at a CAGR of 2.9% during the forecast period 2019-2025. Sorghum is also used to make traditional opaque beer in different countries in Africa, such as Ghana, Nigeria, Zimbabwe, Mali, and others. With the global alcohol industry booming and changing constantly, the global sorghum and sorghum seeds market is also set to witness positive disruption, paving opportunities for the market leaders.
Sorghum and Sorghum Seeds Market: Competitive Landscape
The principal business leaders who are currently holding maximum sorghum and sorghum seeds market shares in the world and are focusing on the expansion of their manufacturing capacity to gain an edge over other market players are Advanta Seeds, Archer Daniels Midland, Dow Chemical Company, Mabele Fuels, Richardson Seeds Inc, Shri Lal Mahal Group, Bunge North America, Inc., Cargill, Incorporated, Blue River Organic Seed, La Crosse Seed LLC, and others.
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