Forage Seeds Market Research Report- Forecast till 2027

Global Forage Seeds Market Research Report: Information By Crop-Type (Legumes- Alfalfa, Clover, And Others; Grasses- Ryegrass, And Others; Cereals And Others), By Livestock (Cattle, Swine, Poultry, Ruminant, And Others), and By Region– Forecast Till 2027

ID: MRFR/AGR/3424-HCR | November 2022 | Region: Global | 110 Pages         

Forage Seeds Market

Forage Seeds Market is expected to grow at a 7.3% CAGR and reach USD 38,186.14 Million by 2030

Segmentation

By Crop-Type Legumes Grasses
By Livestock Cattle Swine Poultry Ruminant Others

Key Players

  • 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)
  • Ampac Seed Co. (U.S.)
  • Others

Drivers

  • Increasing livestock population
  • Reduction in the grazing land area
Speak to Analyst Request a Free Sample

Synopsis of Forage Seeds Market


Market Definition


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 have a huge opportunity in the poultry and livestock industry

  • Forage seeds serve as a good source of protein, fiber, and energy for the livestock, which helps in cost-reduction incurred by supplements and other protein sources


Segments


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



  • Forage seed producers

  • Livestock industry

  • Forage crop farmers

  • Raw material suppliers

  • Traders, importers, and exporters


Regional Analysis


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



  • U.S.

  • Canada

  • Mexico


Europe



  • Germany

  • France

  • Italy

  • Spain

  • U.K

  • Rest of Europe


Asia Pacific



  • China

  • India

  • Australia

  • Japan

  • Rest of Asia Pacific


Rest of the world



  • Brazil

  • Argentina

  • South Africa

  • Others


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.



Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

The forage seeds market projected to grow at a 9.3% CAGR between 2017-2023.

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.