Sorghum is a versatile crop which can be used as a grain, forage, or sweet crop. It is one of the top five cereal in the world. Sorghum is believed to have originated in Africa. It has a lower feed quality than maize. The US is the largest producer of sorghum globally. Sorghum contains various nutrients such as carbohydrates, protein, fat, calcium, iron, vitamin B, and niacin. It contains about 10% protein and 3.4% fat. It is used in the production of different products such as edible oil, starch, dextrose, and alcoholic beverages.
MIR analysts forecast the global sorghum market to grow at a CAGR of 4.90% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sorghum market for 2017-2021. To calculate the market size, the report considers the sale of sorghum products to individual consumers.
The market is divided into the following segments based on geography:
MIR report, Global Sorghum Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
• Archer Daniels Midland
Other prominent vendors
• Associated British Foods
• General Mills
• Sai Agro Exim
• SEMO Milling
• Increasing demand for baijiu
• For a full, detailed list, view our report
• Fluctuating prices of sorghum
• For a full, detailed list, view our report
• Mergers and acquisitions, and strategic partnerships
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
MIR recognizes the following companies as the key players in the global sorghum market: Archer Daniels Midland, Bunge, Cargill, and Chromatin.
Other Prominent Vendors in the market are: Associated British Foods, General Mills, Ingredion, Sai Agro Exim, and SEMO Milling.
Commenting on the report, an analyst from MIR team said: “The latest trend gaining momentum in the market is mergers and acquisitions, and strategic partnerships. Players operating in the market are increasingly engaging in mergers and acquisitions (M&As) to increase their market share and to gain access to new products and technologies. Strategic M&As will also help vendors to increase their revenue stream and to consolidate their positions in the market in the long run. In June 2016, Chromatin acquired the US-based sorghum seed supplier Kirkland Seed. Kirkland Seed provides forage sorghum seed to growers and distributors in North America.”
According to the report, one of the major drivers for this market is increasing demand for baijiu. The increasing demand for baijiu is one of the primary growth drivers of the global sorghum market. It is estimated to be the world's highest-selling spirit category. Even though the drink is more popular in China than in other countries, baijiu is gaining popularity in the US and in some European countries such as Germany, in recent times.
Further, the report states that one of the challenges for the growth of the global sorghum market is the fluctuating price of sorghum globally. The production of sorghum in Ethiopia was affected by the El Niño-induced drought in 2016. This led to an increase in the prices of the product.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
â¢ Market outline
PART 05: Market landscape
â¢ Market overview
â¢ Global superfoods market
â¢ Global sorghum market
â¢ Five forces analysis
PART 06: Market segmentation by application
â¢ Global sorghum market by human consumption
â¢ Global sorghum market by animal feed
PART 07: Market segmentation by distribution channel
PART 08: Geographical segmentation
â¢ Sorghum market in APAC
â¢ Sorghum market in EMEA
â¢ Sorghum market in Americas
PART 09: Key leading countries
â¢ Sorghum market in China
â¢ Sorghum market in Mexico
â¢ Sorghum market in US
â¢ Sorghum market in India
PART 10: Decision framework
PART 11: Drivers and challenges
â¢ Market drivers
â¢ Market challenges
PART 12: Market trends
â¢ Increasing use of sorghum as an ingredient in food and beverages
â¢ Mergers and acquisitions, and strategic partnerships
â¢ Online trends
PART 13: Vendor landscape
â¢ Competitive landscape
â¢ Archer Daniels Midland
â¢ Other prominent vendors
PART 14: Appendix
â¢ List of abbreviations
List of Exhibitsâ
Exhibit 01: Top five sorghum producing countries 2016
Exhibit 02: Top five sorghum importing and exporting countries 2016
Exhibit 03: Global sorghum market in global superfoods market 2016: An overview
Exhibit 04: Global superfoods market 2016-2021 ($ billions)
Exhibit 05: Global sorghum market by revenue 2016-2021 ($ billions)
Exhibit 06: Global sorghum market by volume 2016-2021 (millions of tons)
Exhibit 07: Five forces analysis
Exhibit 08: Global sorghum market by application 2016 and 2021 (% share)
Exhibit 09: Global sorghum market by human consumption 2016-2021 (millions of tons)
Exhibit 10: Global sorghum market by animal feed 2016-2021 (millions of tons)
Exhibit 11: Global sorghum market by distribution channel 2016 (% share)
Exhibit 12: Global sorghum market by geography 2016 and 2021 (% share)
Exhibit 13: Sorghum market in APAC 2016-2021 (millions of tons)
Exhibit 14: Sorghum market in EMEA 2016-2021 (millions of tons)
Exhibit 15: Sorghum market in Americas 2016-2021 (millions of tons)
Exhibit 16: Key leading countries' market share 2016
Exhibit 17: Sorghum market in China 2016-2021 (millions of tons)
Exhibit 18: Sorghum market in Mexico 2016-2021 (millions of tons)
Exhibit 19: Sorghum market in US 2016-2021 (millions of tons)
Exhibit 20: Sorghum cultivation in US 2016 (millions of acres)
Exhibit 21: Sorghum market in India 2016-2021 (millions of tons)
Exhibit 22: Sorghum price 2012-2016 ($ per metric ton)
Exhibit 23: Key vendors operating in global sorghum market
Exhibit 24: Competitive positioning matrix for key players in global sorghum market 2016
Exhibit 25: Archer Daniels Midland: Adjusted EBITDA 2015 and 2016 ($ billions)
Exhibit 26: Archer Daniels Midland: R&D expenditure 2014-2016 ($ millions)
Exhibit 27: Archer Daniels Midland in global sorghum market
Exhibit 28: Archer Daniels Midland: Recent developments
Exhibit 29: Bunge: Net sales 2015 and 2016 ($ billions)
Exhibit 30: Bunge: Net income 2015 and 2016 ($ millions)
Exhibit 31: Bunge: R&D expenditure 2014-2016 ($ millions)
Exhibit 32: Bunge in global sorghum market
Exhibit 33: Bunge: Recent development
Exhibit 34: Cargill: Net revenue comparison 2015 and 2016 ($ billions)
Exhibit 35: Cargill: Adjusted operating earnings comparison 2015 and 2016 ($ billions)
Exhibit 36: Cargill: Geographical segmentation by revenue 2016 (% share)
Exhibit 37: Cargill in global sorghum market
Exhibit 38: Cargill: Recent developments
Exhibit 39: Chromatin in global sorghum market
Exhibit 40: Chromatin: Recent developments
Companies Mentioned are -Archer Daniels Midland, Bunge, Cargill, Chromatin, Associated British Foods, General Mills, Ingredion, Sai Agro Exim, and SEMO Milling.
Research Methodology- Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.