Market Overview:
The global sorghum syrup market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for gluten-free products and other applications such as food, brewers, confectioneries, and others. North America is expected to dominate the global sorghum syrup market in terms of revenue share followed by Europe and Asia Pacific during the forecast period.
Product Definition:
A thick, sweetener made from the sap of the sorghum plant. Sorghum syrup is used as a sweetener in foods such as pancakes and waffles. It is also used as a livestock feed supplement.
Gluten Free:
Gluten free is a term used for food products which do not contain wheat, barley or rye. The major factor driving the gluten free market is increasing prevalence of diseases such as coeliac disease and gluten intolerance in developed countries. Gluten Free Food (GF) has become an important aspect of dietaryetics owing to rising awareness about health and fitness among consumers across the globe. Increasing demand for low-fat foods on account of growing concern over obesity levels has also been contributing to market growth.
Other:
Other ingredients in sorghum syrup include natural and artificial flavors, colors, and preservatives. Sorghum syrup is a by-product of the sugarcane processing industry. It is produced when sugar mills process sugar into ethanol (alcohol) and then steam distills it to produce raw liquid known as bagasse or molasses which consists of minerals such as calcium sulfate & iron salts along with organic acids such as formic acid & acetic acid.
Application Insights:
The food application segment accounted for more than 60.0% share of the global sorghum syrup market in 2017. The product is widely used as a natural sweetener and as an ingredient in several bakery products, soft drinks, juices and various other beverages. It is also employed to enhance the nutritional value of foods owing to its high content of vitamins, minerals and proteins.
Sorghum contains low calorie sugar called xylose which has a lower glycemic index than that of glucose or fructose thus reducing insulin response when consumed together with glucose or fructose resulting in reduced calories absorbed during digestion process (Ketogenic diet).
Regional Analysis:
North America was the largest market for sorghum syrup in 2016, accounting for a share of more than 30.0% owing to increasing demand from U.S., which is one of the major producers and exporters of sorghum across the globe. The region will retain its dominant position over the forecast period due to growing consumer awareness regarding health benefits associated with products such as low calorie, high nutritional content and gluten-free nature among others.
Asia Pacific is expected to be one of the fastest-growing markets at a CAGR exceeding 5% during the forecast period on account of rising product consumption in countries like China, India and Japan owing to its nutritional value along with sweet taste that goes well in coffee and tea among others applications. Moreover, expansion plans by various confectionery manufacturers including Mars Inc.; Hershey’s; Barry Callebaut Group; Nestl© S.A.
Growth Factors:
- Increasing demand for natural sweeteners as an alternative to artificial sweeteners
- Rising awareness about the health benefits of sorghum syrup
- Growing popularity of gluten-free and vegan diets
- Increased use of sorghum syrup in food and beverage products
- rising demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Sorghum Syrup Market Research Report
By Type
Gluten Free, Other
By Application
Food, Brewers, Confections, Other
By Companies
Maasdam Sorghum, Nu Life Market, Muddy Pond Sorghum, Maasdam Sorghum
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Sorghum Syrup Market Report Segments:
The global Sorghum Syrup market is segmented on the basis of:
Types
Gluten Free, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Brewers, Confections, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Maasdam Sorghum
- Nu Life Market
- Muddy Pond Sorghum
- Maasdam Sorghum
Highlights of The Sorghum Syrup Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gluten Free
- Other
- By Application:
- Food
- Brewers
- Confections
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sorghum Syrup Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sorghum syrup is a sweetener made from sorghum, a type of cereal grain. It is most commonly used in baking and as a replacement for sugar.
Some of the major companies in the sorghum syrup market are Maasdam Sorghum, Nu Life Market, Muddy Pond Sorghum, Maasdam Sorghum.
The sorghum syrup market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sorghum Syrup Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sorghum Syrup Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sorghum Syrup Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sorghum Syrup Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sorghum Syrup Market Size & Forecast, 2018-2028
4.5.1 Sorghum Syrup Market Size and Y-o-Y Growth
4.5.2 Sorghum Syrup Market Absolute $ Opportunity
Chapter 5 Global Sorghum Syrup Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Sorghum Syrup Market Size Forecast by Type
5.2.1 Gluten Free
5.2.2 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sorghum Syrup Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Sorghum Syrup Market Size Forecast by Applications
6.2.1 Food
6.2.2 Brewers
6.2.3 Confections
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sorghum Syrup Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sorghum Syrup Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Sorghum Syrup Analysis and Forecast
9.1 Introduction
9.2 North America Sorghum Syrup Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Sorghum Syrup Market Size Forecast by Type
9.6.1 Gluten Free
9.6.2 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Sorghum Syrup Market Size Forecast by Applications
9.10.1 Food
9.10.2 Brewers
9.10.3 Confections
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Sorghum Syrup Analysis and Forecast
10.1 Introduction
10.2 Europe Sorghum Syrup Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Sorghum Syrup Market Size Forecast by Type
10.6.1 Gluten Free
10.6.2 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Sorghum Syrup Market Size Forecast by Applications
10.10.1 Food
10.10.2 Brewers
10.10.3 Confections
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Sorghum Syrup Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sorghum Syrup Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Sorghum Syrup Market Size Forecast by Type
11.6.1 Gluten Free
11.6.2 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Sorghum Syrup Market Size Forecast by Applications
11.10.1 Food
11.10.2 Brewers
11.10.3 Confections
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Sorghum Syrup Analysis and Forecast
12.1 Introduction
12.2 Latin America Sorghum Syrup Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Sorghum Syrup Market Size Forecast by Type
12.6.1 Gluten Free
12.6.2 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Sorghum Syrup Market Size Forecast by Applications
12.10.1 Food
12.10.2 Brewers
12.10.3 Confections
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Sorghum Syrup Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sorghum Syrup Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Sorghum Syrup Market Size Forecast by Type
13.6.1 Gluten Free
13.6.2 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Sorghum Syrup Market Size Forecast by Applications
13.10.1 Food
13.10.2 Brewers
13.10.3 Confections
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sorghum Syrup Market: Competitive Dashboard
14.2 Global Sorghum Syrup Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Maasdam Sorghum
14.3.2 Nu Life Market
14.3.3 Muddy Pond Sorghum
14.3.4 Maasdam Sorghum
