The consumption of sorghum feed in South Africa saw significant fluctuations over the past decade, from 7.0 thousand metric tons in 2014 to 31.0 thousand metric tons in 2023. In 2015, the market saw a sharp increase of 42.86%, remaining stable in 2016, then declining by 10% in 2017. The year 2018 marked a dramatic growth of 222.22%, followed by a decrease in 2019. From 2020, the market experienced moderate growth with an average CAGR of 4.8% over the period leading to 2023, with a 6.9% increase in 2023 itself. Future projections include a steady increase, reaching 38.0 thousand metric tons by 2028, with a forecasted 5-year CAGR of 3.5% indicating a continued upward trend.
Future trends to watch for:
- Increased demand for sorghum as a sustainable feed source due to shifting agricultural practices and climate change adaptation.
- Potential policy shifts and subsidies that could bolster or hinder market growth.
- Technological advancements in agricultural practices improving yield and quality of sorghum feed.
