Forage Seeds Market Overview:
Forage Seeds form an essential part of feeds for farm animals. The forage seeds largely fulfil the demand for nutritional feeds for livestock. High-quality forage seeds are used to correct nutritional deficiencies, improve digestive health and prevent diseases in farm animals. Forage seeds are used for grazing animals.
The size of the global Forage Seeds Market Size was valued at USD 12.52 billion in the year 2020. This value is estimated to increase to USD 38,186.14 Million in 2030. The CAGR of this market is projected to be 7.3% in the forecast period 2022-2030.
Rising demand for products obtained from livestock and consequent increase in the livestock population is driving the growth of the forage seeds market. Decreasing grazing land and increased awareness of animal health are also increasing the demand for forage seeds. Growing demand for healthy meat obtained from healthy livestock is another growth driver for the forage seeds market.
Restraining factors for the forage seeds market include high prices, long cultivation times, and climatic and soil conditions changes. Furthermore, Covid-19 restrictions had a detrimental effect on the movement of forage seeds across borders. However, the market is likely to pick up with the restrictions being lifted.
Regional Segmentation:
On the basis of geography, the forage seeds market is divided into North America, Europe, Asia Pacific and the rest of the world. Asia Pacific holds the largest share and is also projected to exhibit the highest CAGR in the forecast period. This is mainly due to the rising demand for dairy products and decreasing grazing land.
Key Players:
Some of the key players profiled in the global forage seeds market are: Monsanto Company (U.S.), DOW Agrosciences LLC (U.S.), Advanta Seeds Limited (India), Land O Lakes Inc. (U.S.), Barenbrug Holding B.V. (the Netherlands), E.I. du Pont de Nemours and Company (U.S.), Allied Seed, LLC (U.S.), Northstar Seed Ltd. (Canada), Dynamic Seeds Ltd. (Thailand), and Ampac Seed Co. (U.S.), among others.
Market Segmentation:
The Forage Seeds Market Overview has been divided into Alfalfa, Ryegrass Clover and Chicory based on type. The Alfalfa segment holds the largest market share. It is mainly used as feed for cattle, goats and horses. Alfalfa improves the animals' digestive health and improves soil quality. Clover is another leading segment due to its high protein and digestible fibre content.
The forage seeds market has been classified into legumes and grasses based on species. The legumes segment holds the largest market share. Legume forage seeds provide protein and essential nutrients to the animals. Moreover, the nitrogen-fixing property of legumes improves soil fertility.
Based on livestock, the forage seeds market has been divided into poultry, cattle and swine. The largest segment is forage seeds for cattle. This is mainly due to the high demand for good quality milk.
On the basis of origin, the forage seeds market has been segmented into organic and inorganic. Organically grown forage seeds are likely to grow at the fastest rate in the forecast period owing to the high demand for safe and nutritious animal feeds.
Industry News:
- On May 2020, DL Seeds announced the launch of two new forage pea varieties, namely DL Delicious and DL Goldeye
- July 2020 saw the launch of a new line of forage seeds by Alta Seeds called Empyr Premier Forages
Related Reports:
Global Crop Oil Concentrates Market Research Report: Information by Application (Herbicides, Insecticides, Fungicides, and Others) Surface Concentration (Less than 15%, Between 15% To 25%, and Greater Than 25%) Crop Type (Fruits Vegetables, Oil seeds Pulses, Cereals Grains, and Others), by Region – Forecast till 2028
Marktforschungsbericht für Bio-Futtermittel: Informationen nach Quelle (Getreide und Getreide, Ölsaaten, Futter, andere), Form (Pellets, Streusel, Maische), Vieh (Wiederkäuer, Geflügel, Schweine, Aquakultur, andere) und Region (Nordamerika, Asien-Pazifik, Europa und Rest der Welt) - Prognose bis 2027
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: [email protected]
