Market Forecast By Type (Grain Sorghum, Forage Sorghum, Biomass Sorghum, Sweet Sorghum), By Application (Biofuel, Food, Livestock Feed, Others) And Competitive Landscape
Product Code: ETC384932 | Publication Date: Aug 2022 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Bangladesh Sorghum Market |
Forecast period | 2025-2031 |
CAGR | 5.8% |
Growing Sector | Food and Beverage |
The Bangladesh Sorghum Market Report thoroughly covers the market by type, and application. The Bangladesh Sorghum Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Sorghum Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
Bangladesh Sorghum Market has been attaining prominent growth and it is expected to grow more in the future due to many factors such as increasing health awareness among consumers, and government initiatives. The market is also facing certain challenges and it is likely to overcome them in the coming years.
According to 6Wresearch, the Bangladesh Sorghum Market size is projected to rise at a CAGR of 5.8% during 2025-2031. There are several key drivers that are expected to propel the growth of the Bangladesh sorghum market in the coming years. One of the main drivers is the increasing health awareness among consumers. Sorghum is considered a superfood due to its high nutritional value, including proteins, vitamins, minerals, and antioxidants. Furthermore, the growing trend of gluten-free diets is also a significant driver of the sorghum market. These challenges are propelling the Bangladesh Sorghum Market growth.
One of the major challenges is the lack of awareness about sorghum and its benefits among consumers. Many people in Bangladesh are still unfamiliar with sorghum and its uses, which can limit market demand. Moreover, the availability of alternative grain options such as rice and wheat at lower prices could also pose a challenge for sorghum.
The government's initiatives to promote sorghum cultivation in Bangladesh are also expected to drive market growth. With its ability to thrive in dry and harsh environments, sorghum is considered a climate-resilient crop that can help ensure food security in the face of changing climate patterns. As a result, the government has been encouraging farmers to cultivate sorghum as an alternative crop, further boosting its market potential.
The sorghum market in Bangladesh has immense potential for growth due to various factors such as increasing health consciousness, demand for gluten-free products, and government initiatives. However, there are also challenges to overcome, including lack of consumer awareness and competition from other staple grains. As the market for sorghum continues to evolve, it will be important for stakeholders to address these challenges and promote the benefits of sorghum to unlock its full potential in Bangladesh.
According to Sachin, Senior Research Analyst, 6Wresearch, one of the key factors contributing to the growth of the sorghum market is the increasing demand for grain sorghum. Grain sorghum, also known as food-grade sorghum, is the most commonly produced type of sorghum in Bangladesh. It is used primarily as a source of food and feed for humans and livestock, respectively.
Currently, the biofuel application segment is experiencing a significant growth in the Bangladesh sorghum market. This can be attributed to the increasing demand for renewable and eco-friendly energy sources. Sorghum, being a drought-resistant crop, is an ideal feedstock for biofuel production.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Sorghum Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Sorghum Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Sorghum Market - Industry Life Cycle |
3.4 Bangladesh Sorghum Market - Porter's Five Forces |
3.5 Bangladesh Sorghum Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Bangladesh Sorghum Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Bangladesh Sorghum Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Sorghum Market Trends |
6 Bangladesh Sorghum Market Segmentations |
6.1 Bangladesh Sorghum Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Sorghum Market Revenues & Volume, By Grain Sorghum, 2021 - 2031F |
6.1.3 Bangladesh Sorghum Market Revenues & Volume, By Forage Sorghum, 2021 - 2031F |
6.1.4 Bangladesh Sorghum Market Revenues & Volume, By Biomass Sorghum, 2021 - 2031F |
6.1.5 Bangladesh Sorghum Market Revenues & Volume, By Sweet Sorghum, 2021 - 2031F |
6.2 Bangladesh Sorghum Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Sorghum Market Revenues & Volume, By Biofuel, 2021 - 2031F |
6.2.3 Bangladesh Sorghum Market Revenues & Volume, By Food, 2021 - 2031F |
6.2.4 Bangladesh Sorghum Market Revenues & Volume, By Livestock Feed, 2021 - 2031F |
6.2.5 Bangladesh Sorghum Market Revenues & Volume, By Others, 2021 - 2031F |
7 Bangladesh Sorghum Market Import-Export Trade Statistics |
7.1 Bangladesh Sorghum Market Export to Major Countries |
7.2 Bangladesh Sorghum Market Imports from Major Countries |
8 Bangladesh Sorghum Market Key Performance Indicators |
9 Bangladesh Sorghum Market - Opportunity Assessment |
9.1 Bangladesh Sorghum Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Bangladesh Sorghum Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Bangladesh Sorghum Market - Competitive Landscape |
10.1 Bangladesh Sorghum Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Sorghum Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |