The China forage seed market is anticipated to grow at a CAGR of 9% during the forecasted period (2020-2025). Good forage is responsible for increased yield of milk and meat production in animals. Proper usage of quality forage seeds improves the quality and quantity of animal meat, and in-turn helps in improving animal health and growth. China’s forage seed production does not meet the domestic demand, making the country depend on imports. China is the largest importer of forage seed in Asia Pacific, with United States being the major exporter of alfalfa hay to China, contributing the total import of approximately USD 340 million in the year 2019. The major drivers for this market are steady increase in population, emerging per capita income, increased demand for dairy and animal products, increase in breed cattle demand for feed, government support and the shrinkage of land for the grazing animals. The major players include AMPAC Seed Company, Forage Genetics International, Royal Barenburg Group, Pennington Seed Company and DLF Pickseed etc.
Key Market Trends
Increasing Livestock Production
China’s livestock industry experienced a vast transition during last three decades, with profound effects on domestic and global food provision, resource use, nitrogen and phosphorous losses and greenhouse gas (GHG) emissions. According to FAO, the Chinese livestock population has grown from 20 billion heads in 2016 to 21.08 billion heads in 2018, showing a 5 % increase in the livestock population. Increasing population trends are supporting the growth of the meat and seafood market. In recent years, due to increasing awareness on health and benefits of nutrients intake by the people there has been a growing demand for meat and dairy products in China. To meet these rising meat consumption demands, there has been an increase of 1.5% in meat production from 2016 to 2018. With these, rising demand for protein sources, limited availability of land and water resources for animal feed production and increasing use of these resources for food and ethanol production the demand for animal feed in the meat industry is estimated to increase.
Cereal Forage Seed Dominates the Market
Among various types of forage crops cultivated in China, cereals occupy the top position. Corn is the major cereal forage crop grown in China. In recent years, the Chinese government has gradually allowed the use of more land for forage crops, such as corn silage and alfalfa. The Chinese Government initiated a program in 2015, to convert more grain corn to silage. With this program, China’s silage production area reached to 3.3 million hectares by 2019. In 2019, the total area for planted corn was 35 million hectares, which produced about 231 million tons of corn. Of this, 119 million tons was for human consumption, 112 million tons was forage, mainly for pigs and chicken, and a small remainder for reserves. According to China’s Development Plans for Adjustment of Crop Farming Structure, by the end of the year 2020, the forage areas will reach 6.3 million hectares, of which most will be corn silage. Cereal crops are on high demand from the animal farms, as they provide rich source of vitamins, minerals, carbohydrates, fats and oils, and protein. The rising demands for poultry and livestock production leads to increase demand for cereal forage crop during the forecast period.
Competitive Landscape
The major Forage seed companies in China include AMPAC seed company, Forage Genetics International,LLC, Pennington Seed, Inc., DLF pickseed, Gansu Yasheng Industrial (Group) Co.Ltd, Groupe Limagrain and PGG Wringhtson. Mergers & Acquisitions, expansions, partnership and product launched are the most adopted business strategies by these major players in the market. For instance, in the year 2016, Forage Genetics International and Monsanto announced Alfalfa commercial and research agreements to support innovation for alfalfa growers.
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Key Market Trends
Increasing Livestock Production
China’s livestock industry experienced a vast transition during last three decades, with profound effects on domestic and global food provision, resource use, nitrogen and phosphorous losses and greenhouse gas (GHG) emissions. According to FAO, the Chinese livestock population has grown from 20 billion heads in 2016 to 21.08 billion heads in 2018, showing a 5 % increase in the livestock population. Increasing population trends are supporting the growth of the meat and seafood market. In recent years, due to increasing awareness on health and benefits of nutrients intake by the people there has been a growing demand for meat and dairy products in China. To meet these rising meat consumption demands, there has been an increase of 1.5% in meat production from 2016 to 2018. With these, rising demand for protein sources, limited availability of land and water resources for animal feed production and increasing use of these resources for food and ethanol production the demand for animal feed in the meat industry is estimated to increase.
Cereal Forage Seed Dominates the Market
Among various types of forage crops cultivated in China, cereals occupy the top position. Corn is the major cereal forage crop grown in China. In recent years, the Chinese government has gradually allowed the use of more land for forage crops, such as corn silage and alfalfa. The Chinese Government initiated a program in 2015, to convert more grain corn to silage. With this program, China’s silage production area reached to 3.3 million hectares by 2019. In 2019, the total area for planted corn was 35 million hectares, which produced about 231 million tons of corn. Of this, 119 million tons was for human consumption, 112 million tons was forage, mainly for pigs and chicken, and a small remainder for reserves. According to China’s Development Plans for Adjustment of Crop Farming Structure, by the end of the year 2020, the forage areas will reach 6.3 million hectares, of which most will be corn silage. Cereal crops are on high demand from the animal farms, as they provide rich source of vitamins, minerals, carbohydrates, fats and oils, and protein. The rising demands for poultry and livestock production leads to increase demand for cereal forage crop during the forecast period.
Competitive Landscape
The major Forage seed companies in China include AMPAC seed company, Forage Genetics International,LLC, Pennington Seed, Inc., DLF pickseed, Gansu Yasheng Industrial (Group) Co.Ltd, Groupe Limagrain and PGG Wringhtson. Mergers & Acquisitions, expansions, partnership and product launched are the most adopted business strategies by these major players in the market. For instance, in the year 2016, Forage Genetics International and Monsanto announced Alfalfa commercial and research agreements to support innovation for alfalfa growers.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AMPAC Seed Company
- Forage Genetics International, LLC
- Pennington Seed, Inc
- DLF Pickseed
- Gansu Yasheng Industrial (Group) Co. Ltd
- Groupe Limagrain (Vilmorin)
- PGG Wrightson
- Barenbrug-China
Methodology
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