Forage Sorghum Seed Market Size
| 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 |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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 Market Trends
Increased Demand for Meat, Dairy, and Poultry Products
The main industries using sorghum seeds are animal feed manufacturers, alcohol distilleries, and starch industries. Only rainy-season sorghum is used for industrial purposes. 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 developing countries, such as India and Indonesia, sorghum is produced on a commercial basis and is used exclusively as an animal feed, either in the domestic market or in export destinations. According to the FAO, the annual growth of meat production and milk production in developing countries is projected at 2.1% and 2.3%, respectively, from 2017 to 2030. This factor is anticipated to bolster the developing countries' share in the global meat production to 66% (247 million metric ton) and milk production to 55% (484 million metric ton) by 2030.
Sorghum forage is mainly used for feeding livestock. The continuous increase in the production of animal products has resulted in the demand for more feed to rear them. The rising demand for animal products in the global commodity market and the higher prices in the international markets are encouraging farmers to take up sorghum forage cultivation.
The United States Dominates the Global Market
The United States cornered the largest share, accounting for 14.5% of the total global forage sorghum seed market in 2023. A steep fall in sorghum seed sales was observed, especially during the historic period. This is primarily attributed to severe drought conditions, while the production ramped up in the latter part, and hence, the demand for forage sorghum seed increased drastically. The United States is one of the major exporters of sorghum silage, and China, Japan, the UAE, Saudi Arabia, and South Korea are the top five export destinations for the product. Thus, the rising export demand for the seed sorghum, especially from the massive Chinese feed industry, is anticipated to boost forage seed sales from the commercially operated sorghum forage farms in the country. Allied Seed LLC, S&W Seed Co., and Legend Seeds are a few major market players offering a huge line-up of forage sorghum seeds in the United States market.
Forage Sorghum Seed Industry Overview
The forage sorghum seed market is moderately fragmented, with a large number of regional and global players. In the forage sorghum seed market, companies are focusing on mergers and acquisitions, collaborations, joint ventures, and partnerships in order to increase their market share. For instance, in September 2018, S&W Seed Company created a joint venture with AGT Foods Africa (Pty) Ltd ('AGT Foods Africa') to establish a new company, SeedVision SA (Pty.) Ltd, which is projected to boost the production and processing facilities to produce new forage sorghum varieties for sale in Africa, the Middle East countries, and Europe.
Forage Sorghum Seed Market Leaders
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Allied Seed LLC
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BRETTYOUNG
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S&W Seed Company
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Nuseed
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AgReliant Genetics LLC
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Advanta Seeds
*Disclaimer: Major Players sorted in no particular order
Forage Sorghum Seed Market News
April 2019: S&W Seed Company expanded its geographical presence in Asia-Pacific to develop hybrids and varieties of sorghum, to achieve higher sales.
Forage Sorghum Seed Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 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 Industry Attractiveness - 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 Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Geography
5.1.1 North America
5.1.1.1 Mexico
5.1.1.2 United States
5.1.1.3 Canada
5.1.1.4 Rest of North America
5.1.2 Europe
5.1.2.1 Spain
5.1.2.2 Ukraine
5.1.2.3 Poland
5.1.2.4 Germany
5.1.2.5 Rest of Europe
5.1.3 Asia-Pacific
5.1.3.1 China
5.1.3.2 India
5.1.3.3 New Zealand
5.1.3.4 Rest of Asia-Pacific
5.1.4 South America
5.1.4.1 Argentina
5.1.4.2 Brazil
5.1.4.3 Rest of South America
5.1.5 Middle-East and Africa
5.1.5.1 South Africa
5.1.5.2 Saudi Arabia
5.1.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Allied Seed LLC
6.3.2 BRETTYOUNG
6.3.3 S&W Seed Company
6.3.4 Nuseed
6.3.5 AgReliant Genetics LLC
6.3.6 Advanta Seeds
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 Research 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.
Who are the key players in Forage Sorghum Seed Market?
Allied Seed LLC, BRETTYOUNG, S&W Seed Company, Nuseed, AgReliant Genetics LLC and Advanta Seeds are the major companies operating in the Forage Sorghum Seed Market.
Which is the fastest growing region in Forage Sorghum Seed Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Forage Sorghum Seed Market?
In 2024, the Asia Pacific accounts for the largest market share in Forage Sorghum Seed Market.
What years does this Forage Sorghum Seed Market cover, and what was the market size in 2023?
In 2023, the Forage Sorghum Seed Market size was estimated at USD 156.27 million. The report covers the Forage Sorghum Seed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Forage Sorghum Seed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Forage Sorghum Seed Industry Report
Statistics for the 2024 Forage Sorghum Seed market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Forage Sorghum Seed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
