Sorghum Seed Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 695.05 Million |
| Market Size (2029) | USD 941.81 Million |
| CAGR (2024 - 2029) | 6.26 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sorghum Seed Market Analysis
The Sorghum Seed Market size is estimated at USD 695.05 million in 2024, and is expected to reach USD 941.81 million by 2029, growing at a CAGR of 6.26% during the forecast period (2024-2029).
- Sorghum crops can be used in a wide range of fields such as human food, animal feed, and biofuels. As it requires less water for its growth, this also drives the growth in regions where there is a scarcity of water.
- Development of the hybrid sorghum varieties with excellent traits is also expected to drive the future demands for the sorghum seed market. Sorghum crops are mostly grown in arid regions like Africa, Central America, and South Asia.
- North America is the largest geographical segment of the market studied. North America is the largest producer of Sorghum, followed by Nigeria and Sudan. Even though Africa is one of the largest producers of sorghum, the need for high-quality hybrid seeds opens up larger opportunities toward the international trade markets, for sorghum seeds in the region.
- The COVID-19 pandemic affected the production, certification, distribution and cost of seeds, which play a fundamental role in developing resilient agricultural sectors. Availability and cost of transport due to the reduced number of commercial flights; fewer personnel available for production, transportation and documentation processes; and a contraction in the market for plants and seeds had also created problems in terms of the production of seed for international trade. However, the market is anticipated to grow in the forecast period majorly due to the growing demand from the animal feed sector.
Sorghum Seed Market Trends
Growing Demand From Animal Feed Sector
The main industries using sorghum are animal feed manufacturers, alcohol distilleries, and starch industries. There is an unprecedented increase in the demand for animal protein in the last few years. According to the Organisation for Economic Co-ordination and Development (OCED), meat consumption has raised from 114 million metric tons in 2017 to 116 million metric tons in 2018. Poultry meat is the most consumed by humans with per capita consumption of 30.6 kilograms per year, followed by pork with per capita consumption of 23.5 kilograms per year. This has lead to an increase in the population of livestock which directly has an effect on the production of animal feed. As a result of this, according to a report published by NASS-USDA, the usage of sorghum as feed concentrates has increased from 2.3 million metric ton in 2014 to 3.6 million metric tons globally in 2016. This will create potential demand for sorghum seeds.
Furthermore, in 2016, the European Commission granted funding for five EU countries, including France, Spain, Italy, Bulgaria, and Romania, with a three-year budget of USD 716,284.3. The fund aims to promote sorghum grain, feed, and seed, by contributing to its development in Europe. The increase in the demand for feed and increasing prices of corn are encouraging farmers to take-up sorghum forage cultivation. This is expected to fuel the demand for sorghum seeds.
North America Holds the Largest Share
North America is the largest market for sorghum seeds. According to USDA, North America is one of the largest exporters of sorghum seeds. Japan, Mexico, and Philipines are the major importers of North American sorghum. The sorghum varieties available in the United States are completely tannin-free. As a result, sorghum can be used in poultry diets with only minor changes to the other dietary ingredients. In the year 2016, the Canadian government released an MOA 'National Structure Adjustment Plan for Crop Farming (2016-2020)', which listed sorghum forage as one of the substitute crops for corn. Such government initiatives for promoting sorghum production in the country is likely to further prospect the sales of forage sorghum seeds in the region.
Sorghum Seed Industry Overview
The Sorghum Seed market is a moderately concentrated market with the presence of various major and minor players. Some of the major players in the market include Corteva Agriscience, KWS, Bayer, and UPL Limited. Mergers, acquisitions, expansion, innovation and product launch are few strategies adopted by the major players. Almost every major player in the market has both the grain sorghum and forage sorghum seeds. The increase in the sales of forage sorghum seed varieties can be primarily attributed to increasing sales force, along with a significant increase in strengthening R&D centers.
Sorghum Seed Market Leaders
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KWS SAAT SE
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Corteva Agriscience
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Groupe Limagrain
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Bayer Cropscience SE
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UPL Limited
*Disclaimer: Major Players sorted in no particular order
Sorghum Seed Market News
March 2022: Corteva introduced the Inzent trait sorghum variety under the Pioneer brand. The variety controls yield-depleting annual grasses such as foxtail, barnyard grass, and panicum.
Sorghum Seed Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions and Maret Definition
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitutes
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Open-Pollinated Varieties
- 5.1.2 Hybrids
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5.2 Geography
- 5.2.1 North America
- 5.2.1.1 United States
- 5.2.1.2 Canada
- 5.2.1.3 Mexico
- 5.2.1.4 Rest of North America
- 5.2.2 Europe
- 5.2.2.1 United Kingdom
- 5.2.2.2 Germany
- 5.2.2.3 Spain
- 5.2.2.4 Russia
- 5.2.2.5 Ukraine
- 5.2.2.6 France
- 5.2.2.7 Italy
- 5.2.2.8 Rest of Europe
- 5.2.3 Asia Pacific
- 5.2.3.1 China
- 5.2.3.2 India
- 5.2.3.3 Japan
- 5.2.3.4 Australia
- 5.2.3.5 Rest of Asia-Pacific
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle East and Africa
- 5.2.5.1 Nigeria
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 UPL Limited
- 6.3.2 Corteva Agriscience
- 6.3.3 Bayer CropScience SE
- 6.3.4 KWS SAAT SE
- 6.3.5 Groupe Limagrain
- 6.3.6 Nufarm (Nuseed)
- 6.3.7 Pannar Pty Ltd
- 6.3.8 Allied Seed LLC
- 6.3.9 Seed Co Limited
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Sorghum Seed Industry Segmentation
Grain sorghum is one of the major food sources for people living in developing countries in Africa and also for the people in dry areas. For the purpose of this report, the seeds of sorghum used as forage and grain have been considered. Market size estimations for the forecast years were in real terms. The average selling price (ASP) was kept constant throughout the forecast period for each country. The global sorghum seeds market is segmented by type into open pollinated varieties and hybrids. and by geography into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
| Type | Open-Pollinated Varieties | |
| Hybrids | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| Spain | ||
| Russia | ||
| Ukraine | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | Asia Pacific | China |
| India | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East and Africa | Nigeria |
| South Africa | ||
| Rest of Middle East and Africa |
Sorghum Seed Market Research FAQs
How big is the Sorghum Seed Market?
The Sorghum Seed Market size is expected to reach USD 695.05 million in 2024 and grow at a CAGR of 6.26% to reach USD 941.81 million by 2029.
What is the current Sorghum Seed Market size?
In 2024, the Sorghum Seed Market size is expected to reach USD 695.05 million.
Who are the key players in Sorghum Seed Market?
KWS SAAT SE, Corteva Agriscience, Groupe Limagrain, Bayer Cropscience SE and UPL Limited are the major companies operating in the Sorghum Seed Market.
Which is the fastest growing region in Sorghum Seed Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Sorghum Seed Market?
In 2024, the North America accounts for the largest market share in Sorghum Seed Market.
What years does this Sorghum Seed Market cover, and what was the market size in 2023?
In 2023, the Sorghum Seed Market size was estimated at USD 651.54 million. The report covers the Sorghum Seed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sorghum Seed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sorghum Seeds Industry Report
Statistics for the 2024 Sorghum Seeds market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sorghum Seeds analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
