Market Synopsis of Sorghum By-Products Market:
Market Definition: Sorghum is among the top 5 most important cereal grains in terms of production, and a part of the grain production goes into processing. Sorghum is used in various food and beverage industry and the by-product derived from the processing of sorghum is majorly applicable in the animal feed industry. Sorghum by-products is rich in protein, carbohydrates, fibers, and other nutrients, which makes it useful in animal feed production industry. The types of sorghum by-products include sorghum bran, sorghum brewer's grains, sorghum DDGS, sorghum wine residue, sorghum gluten feed, sorghum germ feed and others.
Market Scenario: Sorghum by-products are gaining popularity among the animal feed industry. Rising application of sorghum in various industries is driving the market production of sorghum by-products. High inclination of breweries towards sorghum for its gluten-free characteristic is also boosting the production of sorghum by-products market. Sorghum by-products are contributing to waste reduction for industries.
Increasing concern for healthy animal feed is driving the consumption of sorghum by-products. Rising livestock-based food consumption is adding fuel to the growth of the market. Technological advancements in sorghum processing is another factor boosting the growth of the market. However, maize, the cheap substitute of sorghum may negatively affect the growth of the market.
Segments: On the basis of type, sorghum by-products market is segmented into sorghum bran, sorghum brewer's grains, sorghum DDGS, sorghum wine residue, sorghum gluten feed, sorghum germ meal and others. Among all, the segments sorghum distillers dried grains and soluble (DDGS) is expected to grow at the fastest rate over the forecasted period.
Based on the source, sorghum by-products market is segmented into dry milling and wet milling. Among all, the wet milling is anticipated to hold a major share in the sorghum by-products market.
Based on the application, the sorghum by-products market is segmented into animal feed and others in which animal feed is further sub-segmented into ruminants, cattle industry, poultry industry, aqua-culture industry, and others. The poultry industry is projected to have a substantial growth over the estimated period followed by aqua-culture industry.
Regional Analysis: The global sorghum by-products market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). Asia Pacific is the fastest growing region for the sorghum by-products market. China is the major contributor to sorghum by-products market in Asia Pacific with a large market of sorghum beer distillers as a source of sorghum by-products. India, Japan, and Australia also hold a considerable share in the sorghum by-products market.
North America holds the major share in which, the U.S. is the major contributor to sorghum by-products market. Europe is anticipated to gain a gradual rise in the sorghum by-products market. Among others, South Africa holds the largest market for sorghum by-products.
Key Players: Some of the key players profiled in the global sorghum by-products market are Cargill Inc. (U.S.), Chromatin (U.S.), General Mills (U.S.), Associated British Foods (U.K), Bunge (U.S.), Archer Daniels Midland (U.S.), United National Breweries (South Africa)
The global Sorghum By-products market is segmented under the following regions
Rest of the world
The report for Global Sorghum By-Products Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.