- Alfalfa
- Annual Ryegrass
- Brassicas/Chicory
- Bromegrass
- Clover
- Festulolium
- Others
Forage Seeds Market size was estimated at USD 15,215.7 million in 2022, and is poised to grow at a CAGR of 9.2% during the forecast period 2023-2029. Forage is plant especially used as feed for grazing livestock. This market is used to grow the plants. The seeds enable to produce the sufficient green grass or feed to animals. The feed includes alfalfa, red clover, white clover, birdsfoot trefoil. The rise in the demand for livestock products such as beef, pork, other poultry products and milk is anticipated to catapult the market. In accordance with FAO, bovine production accounted for 66.7 million metric tons in 2010, and it is projected to reach 107.5 million metric tons by 2050. Swine production is accounted for 109.3 million metric tons in 2010, projected to 150.3 million metric tons by 2050. The great enhancement of livestock production leads to increase in the livestock feed sector, which enables the demand for forage seeds in the market over the forecast period. Cost-effectiveness of the crops coupled with high demand for forage seeds is anticipated to create growth opportunities for the market.The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario. The report analyses the impact of a socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market.
Global Forage Seeds Market Summary
Study Period
2023-29
Base Year
2022
CAGR
9.2%
Largest Market
North America
Fastest Growing Market
Europe
Forage Seeds Market Dynamics
The forage seeds market is gaining importance across the globe from the past decade. Â Increased demand for livestock and the protein-rich food is expected to create the huge demand for forage seeds. The market is dominated by the limited number of players. Emerging nations in Asia Pacific is expected to create a huge demand for forage seed.
Forage Seeds Market Regional Analysis
North-America Got Significant Share
Forage Seeds market segmented into following regions Viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the forage seeds over the forecast timeframe. U.S. is projected to account for major revenue share in the region due to increased awareness and adoption of cutting-edge technologies in the field of Forage Seeds. Canada forage seeds market is expected to grow at significant CAGR due to favorable regulatory policies to offer the qualitative forage seeds. For instance, Canada government enacted ‘The Agri-Food Act, 2004, and forage seed development plan is established to develop the forage seed industry in Saskatchewan. The act without limiting the generality of subsection (1), to assist the development and promotion of forage seeds and forage seed products in domestic and international marketplaces as well as encourage R&D on production, market development and processing and consumption of forage seeds. France is expected to offer lucrative opportunities for the forage seed market. Favorable government policies and availability of grasslands and forage crops in the French landscapes is considered as a benefit for a market. In South of France in the Causse du Larzac, harvested alfalfa and secured forage production systems. France adapted to mixed farming, animals, and crops used to be met on every farm. The forage seeds must meet with the condition of EU directive 66/401/CE. It defines the list of species whose seeds must be certified is very broad and offers a range of possibilities. China forage seeds market is expanding at significant growth rate due to increased population creates demand for livestock products in the country. China is expected to have great influence on forage seeds
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Forage Seeds Market Segmentation
By Plant Type
By Livestock Type
- Cattle
- Swine
- Poultry
- Others
By Geography
- North America
- Europe
- Asia-PacifiC
- Latin America
- Middle East and Africa (MEA)
Frequently Asked Questions
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
- La Crosse Seed
- Hancock Farm & Seed Co.
- Allied Seed, LLC
- Golden Acre Seeds
- AMPAC seed
- Dynamic Seeds Ltd.
- Northstar Seed Ltd.
- Moore Seed Processors
- Foster’s Seed and Feed
- Brett young
- BASF SE
- Dow AgroSciences LLC