The demand for sorghum in the United States has shown a fluctuating yet generally increasing trend from 2014 to 2023, starting at 4.15 million metric tons in 2014 and reaching 5.42 million metric tons in 2023. Notably, demand experienced a significant spike in 2015 by 20.93%, which then stabilized with smaller year-on-year variations. Recent years have seen minor increases, with the year-on-year variation for 2023 being 1.23%, reflecting a relatively steady but slow growth. Over the last five years, the compound annual growth rate (CAGR) averaged 0.72%.
Future trends to watch for:
- Continued but modest growth in demand, projected to reach 5.73 million metric tons by 2028.
- A five-year forecast CAGR of 0.88% indicates a stable yet slight upward trajectory.
- Potential demand spikes driven by changes in sorghum utilization, such as biofuels, animal feed, and gluten-free food market.