Market Size of Forage Sorghum Seed Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 163.80 Million |
| Market Size (2029) | USD 205.12 Million |
| CAGR (2024 - 2029) | 4.60 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Forage Sorghum Seed Market Analysis
The Forage Sorghum Seed Market size is estimated at USD 163.80 million in 2024, and is expected to reach USD 205.12 million by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).
According to the FAO, sorghum is one of the lesser water-consuming crops, which requires an average of 550 ml of water for its total growing period. This peculiarity will reduce the cost of farming because it reduces the additional cost of investing in artificial water resources. This competitive edge of sorghum over other crops has attracted farmers to grow more sorghum, thereby impacting the long-term increase in demand for the forage sorghum seeds on a global scale. Forage sorghum seed has many exclusive nutritional advantages when fed to cattle, as it is naturally gluten-free. Gluten is a mixture of two proteins, termed prolamin and glutelin, that are present in cereal grains, especially wheat. This is responsible for the elastic texture of dough when churned during digestion making digestion difficult. This nutritional benefit and less water-consuming property will bolster the forage sorghum seed market during the forecast period for the long term.
Forage Sorghum Seed Industry Segmentation
For this report, the seeds of sorghum used as forage have been considered. The report does not cover other applications of seeds. Only commercial seeds are taken into account for estimating the global market and not farm-saved seeds. The forage sorghum seed market is segmented by geography (North America, Europe, South America, Asia-Pacific, and Middle-East and Africa). The report offers the market size and forecasts in terms of value (USD) for all the above segments.
The companies in the forage sorghum seed market industry operate mostly in the B2C format. Companies that procure and process the raw sorghum seeds and sell them through various distributions are considered. The report defines the market in terms of end-users, who procure sorghum seeds for forage purposes only.
Forage Sorghum Seed Market Size Summary
The forage sorghum seed market is poised for steady growth, driven by its unique agricultural advantages and nutritional benefits. Sorghum's low water requirement makes it an attractive crop for farmers, reducing the need for artificial irrigation and lowering farming costs. This characteristic, combined with its gluten-free nature, which offers digestive benefits for cattle, is expected to sustain demand for forage sorghum seeds globally. The market is supported by industries such as animal feed manufacturing, alcohol distilleries, and starch production, with significant use in developing countries like India and Indonesia, where it serves as a primary animal feed source. The increasing global demand for animal products is further propelling the market, as more feed is required to support livestock production.
In the United States, the forage sorghum seed market holds a significant share, with the country being a major exporter, particularly to countries like China, Japan, and South Korea. The market is moderately fragmented, with numerous regional and global players engaging in strategic partnerships and expansions to enhance their market presence. Companies such as Allied Seed LLC, S&W Seed Company, and Legend Seeds are key players in this space, offering a wide range of sorghum seed varieties. Collaborative efforts, like the joint venture between S&W Seed Company and AGT Foods Africa, aim to boost production and processing capabilities, particularly for markets in Africa, the Middle East, and Europe. These strategic moves are expected to strengthen the market's growth trajectory over the forecast period.
Forage Sorghum Seed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 North America
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2.1.1.1 Mexico
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2.1.1.2 United States
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2.1.1.3 Canada
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2.1.1.4 Rest of North America
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2.1.2 Europe
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2.1.2.1 Spain
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2.1.2.2 Ukraine
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2.1.2.3 Poland
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2.1.2.4 Germany
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2.1.2.5 Rest of Europe
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2.1.3 Asia-Pacific
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2.1.3.1 China
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2.1.3.2 India
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2.1.3.3 New Zealand
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2.1.3.4 Rest of Asia-Pacific
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2.1.4 South America
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2.1.4.1 Argentina
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2.1.4.2 Brazil
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2.1.4.3 Rest of South America
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2.1.5 Middle-East and Africa
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2.1.5.1 South Africa
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2.1.5.2 Saudi Arabia
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2.1.5.3 Rest of Middle-East and Africa
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Forage Sorghum Seed Market Size FAQs
How big is the Forage Sorghum Seed Market?
The Forage Sorghum Seed Market size is expected to reach USD 163.80 million in 2024 and grow at a CAGR of 4.60% to reach USD 205.12 million by 2029.
What is the current Forage Sorghum Seed Market size?
In 2024, the Forage Sorghum Seed Market size is expected to reach USD 163.80 million.
