ID: MRFR/AGR/3424-HCR | 110 Pages | Author: Harshita Gorade | June 2023
Forage Seeds Market Size Anticiapted to reach at a USD 38,186.14 Million by 2030, is expected to grow at a 7.3% CAGR by 2022 to 2030.
Forage is a plant material that majorly includes plant leaves and stems, which are used for grazing livestock. Forage seeds are plants or other plant parts used for feeding poultry, livestock cattle, swine, and other animals. Forage seeds have numerous advantages, which include, increased yield in successive crops, improved internal drainage, and others. Moreover, forage seeds do not use synthetic fertilizers and pesticides, thus, helping in improving the soil quality. Commonly available forage seeds in the market are alfalfa, maize, oats, clover, pearl millet, grasses, and others.
Market Scenario
Rising awareness about livestock health and inclination towards natural animal feed has intensified the demand for forage seeds in animal feed preparation. Furthermore, increasing livestock population and reduction in the grazing land area are considered the major driving factors for the growth of forage seeds market. Additionally, economic benefits associated with the cultivation of this seed such as prevention of soil erosion and improvement of soil quality has allowed farmers to switch to forage cultivation.
Furthermore, increased demand for organic food in food, beverage, and poultry industry, owing to rise in health awareness among people is likely to increase the global forage seeds market over the review period. Furthermore, forage seeds assist in adding health beneficial properties to the feed, which has uplifted the demand for forage seeds in feed & fodder industry. However, the unwillingness of farmers to pay for high-quality seeds, time-consuming cultivation, as well as the changing climatic and soil conditions are likely to hinder the market growth over the forecast period.
Key Findings
Forage seeds market is segmented by crop types, such as legumes, grasses, cereals, and others. Among all, legumes are dominating the market followed by grasses. Alfalfa, which is a herbaceous legume, contains nearly 15-22% crude protein and vitamins. Owing to the high amount of protein and vitamins, it is primarily used for feeding livestock such as cattle, goats, sheep, and other animals.
On the basis of livestock, forage seeds are segmented into cattle, swine, poultry, ruminant, and others. Cattle segment accounts for the highest consumption of forage seeds. The foremost reason for the growth of this segment is its use in cattle feed due to increase in the milk quantity and improved immunity of the livestock. However, its consumption by swine is witnessing high growth over the forecast period.
Intended Audience
The global forage seeds market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe is dominating the forage seeds market followed by North America. In Europe, Germany and the U.K are the major contributors of poultry products, which, in turn, boost the market growth in this region. Furthermore, availability of large grazing land for animals and cultivating land for fodder production is giving a push to the growth of the forage seeds market.
Moreover, increasing demand for organic food, dairy, and poultry products in developing countries, such as India and China, are likely to boost the growth of forage seed market during the assessment period. Furthermore, a government initiative for promoting the use of forage seeds in animal feed is likely to raise the growth of forage seeds market.
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.
The global forage seeds market is segmented under the following regions
North America
Europe
Asia Pacific
Rest of the world
The report for global forage seeds market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
Report Attribute/Metric | Details |
Market Size | USD 38,186.14 Million |
CAGR | 7.3% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Crop-Type, By Livestock and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Monsanto Company (U.S.), DOW Agrosciences LLC (U.S.), Advanta Seeds Limited (India), Land O Lakes Inc. (U.S.), Barenbrug Holding B.V. (Netherlands), E.I. du Pont de Nemours and Company (U.S.), Allied Seed LLC (U.S.), Northstar Seed Ltd. (Canada), Dynamic Seeds Ltd. (Thailand), Ampac Seed Co. (U.S.) |
Key Market Opportunities | Increasing livestock population |
Key Market Drivers | Rising Inclination Towards Natural Animal Feed |
The forage seeds market projected to grow at a 7.3% CAGR between 2022-2030.
Europe is expected to dominate the forage seeds market.
Legumes will lead the forage seeds market.
Cattle segment will dominate the forage seeds market.
Changing soil and climatic condition may limit the forage seeds market growth.
Key Questions Answered
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