Sorghum Products Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

Sorghum by-products market is expected to reach $3.26 billion in 2023 and reach $ 5.06 billion by 2032, at a CAGR of 4.96% from 2024 to 2032. This growth trend reflects the steady growth of sorghum by-products in the food, feed and biofuel industries. There are also some important factors driving this market growth, such as the increasing awareness of sustainable agriculture and the increased use of sorghum as a drought-resistant crop. The development of the processing industry and the increasing demand for plant-based foods are also driving the market. Product innovation, such as the launch of sorghum-based gluten-free snacks, is expected to attract health-conscious consumers. The major companies, such as Cargill, Archer Daniels Midland Company, and Bunge, are actively promoting strategic cooperation and investment to expand their market share. These efforts are expected to play a significant role in shaping the future development of the sorghum by-products market.

Regional Market Size

Regional Deep Dive

Sorghum by-products market is a dynamic growth market for sorghum due to increasing demand for sustainable farming and the growing popularity of sorghum as a versatile crop. In North America, the market is characterized by advanced agricultural technology and a strong emphasis on biofuel production, while in Europe organic farming and government support for sustainable farming are the dominant factors. The Asia-Pacific region is experiencing a boom in sorghum consumption, which is driven by the high nutritional value and versatility of the crop. Middle East and Africa are using sorghum's drought resistance to increase food security, while Latin America is focusing on exports and the value-added processing of sorghum by-products.

Europe

• The European Union's Common Agricultural Policy (CAP) is increasingly supporting the cultivation of sorghum as a sustainable crop, which is expected to boost the production of sorghum by-products in member states.
• Several European companies, such as Agrana, are investing in research and development to create new sorghum-based food products, reflecting a growing trend towards healthier and gluten-free alternatives.

Asia Pacific

• Countries like India and China are implementing government initiatives to promote sorghum cultivation, recognizing its potential to improve food security and reduce reliance on water-intensive crops.
• The rise of health-conscious consumers in the region is driving demand for sorghum-based products, leading to innovations in food processing by companies like Bunge India, which is exploring new applications for sorghum flour.

Latin America

• Brazil is emerging as a significant player in the sorghum by-products market, with government programs aimed at increasing sorghum production for both domestic consumption and export, particularly in the biofuel sector.
• Innovative projects in Argentina are exploring the use of sorghum by-products in the production of biodegradable packaging materials, reflecting a trend towards sustainability in the region.

North America

• The U.S. Department of Agriculture (USDA) has recently implemented programs to promote the use of sorghum by-products in animal feed, which is expected to enhance the market's growth by increasing demand from livestock producers.
• The development of sorghum processing techniques, such as the development of high-efficiency extraction methods for sorghum juice, has been carried out by the company Sweet Sorghum Genetics, which may lead to a higher yield and a better quality product.

Middle East And Africa

• In Africa, the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) has cultivated sorghum as a key crop for enhancing food security and coping with climate change.
• The growing interest in biofuels in the Middle East is leading to investments in sorghum cultivation, with companies like Al Dahra Agriculture focusing on sustainable practices to produce sorghum for both food and energy.

Did You Know?

“Sorghum is one of the oldest cultivated grains in the world, with evidence of its use dating back over 5,000 years, making it a staple in many traditional diets.” — Food and Agriculture Organization (FAO)

Segmental Market Size

The sorghum by-products market is growing steadily. This is due to the increasing demand for sustainable farming and the growing popularity of sorghum as a gluten-free grain. The regulatory pressure to produce bio-based products and the increasing consumer preference for plant-based diets are also driving the market. Sorghum by-products are increasingly used in food and feed. Furthermore, technological innovations are improving the quality and thus the usability of these by-products. In terms of deployment, the sorghum by-products market is in its scale-up stage, with Cargill and Archer Daniels Midland being the leaders in integrating these products into their supply chains. The main uses of these products are in animal feed, biofuels and food. Notable examples of the latter are the use of sorghum bran in health food and the use of sorghum syrup in various culinary products. The major macro-economic trends such as the growing demand for sustainable agriculture and the shift towards renewable resources are driving the market. Technological innovations, such as enzymatic treatment, are also influencing the market.

Future Outlook

The sorghum by-products market is expected to grow at a CAGR of 4.85% between 2023 and 2032. Sorghum by-products are used in food, animal feed, and biofuels. The growing awareness of the nutritional benefits of sorghum in developing regions is expected to increase the penetration rate of sorghum by-products in food and animal feed. Over the next 10 years, the penetration rate of sorghum by-products is expected to increase by about 15%. A number of technological developments, such as the development of high-yielding sorghum varieties and the improvement of sorghum processing technology, are expected to increase the efficiency of the industry and reduce costs, which will also drive the market. Government policies to encourage the use of sustainable agricultural practices and reduce carbon emissions will also boost the use of sorghum by-products. Emerging trends, such as the popularity of vegetarianism and the focus on gluten-free alternatives, will also play an important role in shaping the market. Sorghum by-products will play a major role in the global agricultural economy, and will bring new business opportunities to various participants along the supply chain.