The global forage seed market size reached US$ 17.17 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 28.49 Billion by 2028, exhibiting a growth rate (CAGR) of 9% during 2023-2028. The rising demand for animal protein, the bolstering growth of the livestock industry, and the expanding need for sustainable agriculture practices represent some of the key factors driving the market.
Forage seeds are specifically grown to feed livestock, such as cattle, horses, and sheep, to provide animals with a balanced and nutritious diet. These seeds are a rich source of protein, fiber, and other essential nutrients necessary for proper animal growth and development. As a result, they are widely used across the livestock industry to ensure the health and well-being of animals. In addition to this, forage legumes can also help improve soil fertility and prevent erosion. A wide variety of forage seeds is available in the market, each with unique characteristics and benefits. Some of the standard product variants include alfalfa, clover, ryegrass, and fescue. They can be planted alone or in combination with other forage crops to provide a diverse and balanced diet for livestock.
Forage seeds are specifically grown to feed livestock, such as cattle, horses, and sheep, to provide animals with a balanced and nutritious diet. These seeds are a rich source of protein, fiber, and other essential nutrients necessary for proper animal growth and development. As a result, they are widely used across the livestock industry to ensure the health and well-being of animals. In addition to this, forage legumes can also help improve soil fertility and prevent erosion. A wide variety of forage seeds is available in the market, each with unique characteristics and benefits. Some of the standard product variants include alfalfa, clover, ryegrass, and fescue. They can be planted alone or in combination with other forage crops to provide a diverse and balanced diet for livestock.
Forage Seed Market Trends:
The growing demand for animal protein and meat products due to the rising population, urbanization, and inflating disposable income of individuals represents the key factor driving the market growth. Besides this, the bolstering growth of the livestock industry, the surging number of poultry and animal farms, the increasing demand for organic and high-nutritional animal feeds, and the escalating consumer awareness regarding livestock nutrition are creating a favorable outlook for the market. Moreover, shifting consumer preference for sustainable agriculture practices, which includes using forage crops to improve soil health and reduce the use of chemical fertilizers due to expanding concerns regarding the environmental impact of agriculture, is acting as another significant growth-inducing factor. In addition to this, innovative technological advancements, such as the development of genetically modified forage crops to increase yields, improve disease resistance, and enhance nutritional value, are presenting remunerative growth opportunities for the market. Concurrent with this, the introduction of precision agriculture techniques, such as global positioning system (GPS) mapping and variable rate technology, to improve the efficiency of forage seed production are contributing to the market growth. Furthermore, the surging use of forage crops, such as switchgrass and miscanthus, in biofuels and the widespread adoption of clover and alfalfa in landscaping applications due to their ability to fix nitrogen in the soil and improve soil health are positively impacting the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global forage seed market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on product, livestock, and species.Product Insights:
- Alfalfa
- Clover
- Ryegrass
- Chicory
- Others
Livestock Insights:
- Poultry
- Cattle
- Pork
- Others
Species Insights:
- Legumes
- Grasses
Regional Insights:
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global forage seed market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Advanta Seeds (UPL Limited), Allied Seed LLC (Growmark Inc.), Ampac Seed Company, Brett-Young Seeds Limited, Corteva Agriscience, Dlf Seeds A/S (Dansk Landbrugs Frøselskab Amba), KWS SAAT SE & Co. KGaA, RAGT Semences (RAGT Group), Royal Barenbrug Group, S&W Seed Co., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global forage seed market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global forage seed market?
- What is the impact of each driver, restraint, and opportunity on the global forage seed market?
- What are the key regional markets?
- Which countries represent the most attractive forage seed market?
- What is the breakup of the market based on the product?
- Which is the most attractive product in the forage seed market?
- What is the breakup of the market based on the livestock?
- Which is the most attractive livestock in the forage seed market?
- What is the breakup of the market based on the species?
- Which is the most attractive species in the forage seed market?
- What is the competitive structure of the global forage seed market?
- Who are the key players/companies in the global forage seed market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Forage Seed Market
6 Market Breakup by Product
7 Market Breakup by Livestock
8 Market Breakup by Species
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Advanta Seeds (UPL Limited)
- Allied Seed LLC (Growmark Inc.)
- Ampac Seed Company
- Brett-Young Seeds Limited
- Corteva Agriscience
- Dlf Seeds A/S (Dansk Landbrugs Frøselskab Amba)
- KWS SAAT SE & Co. KGaA
- RAGT Semences (RAGT Group)
- Royal Barenbrug Group
- S&W Seed Co.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 17.17 Billion |
| Forecasted Market Value ( USD | $ 28.49 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
![Forage Seeds Market Size and Forecasts 2020-2030, Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Alfalfa, Clover, Ryegrass, Timothy, Sorghum, Brome, Birdsfoot Trefoil, Cowpea, Meadow Fescue, and Others], Category, and Livestock - Product Image](http://www.researchandmarkets.com/product_images/12578/12578595_60px_jpg/market_research_report.jpg)
