The global forage seed market is worth US$ 12,132.9 million as of now and is expected to reach US$ 30,996.9 million by the year 2033 at a CAGR of 9.8% between 2023 and 2033.
Forage is amongst the plant materials inclusive of plant stems and leaves, which are basically used to graze livestock. Livestock includes swine, livestock cattle, poultry, and likewise. The advantages of forage seeds include enhanced yield in the successive crops, improvisation in internal drainage, and likewise. Plus, forage seeds are devoid of synthetic pesticides and fertilizers, thereby helping in bettering the quality of soil.
Livestock population has been on the rise since the last few years. Besides, it has been proven that forage seeds prevent soil erosion. These factors are expected to take the forage seed market by storm in the forecast period. These seeds are rich in fiber, protein, and energy, which help in reduction of cost on the part of supplements and various other protein sources.
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Nutritional needs have increased amongst the farm animals and could be addressed via natural forage. The feed’s nutritional quality gets affected not just by content of nutrients but also by various other factors like hygiene, feed presentation, impact on intestinal health, and digestibility. People are turning out to be all the more health-conscious. As such, organic food is being preferred; as it is sans pesticides. Out of grasses and legumes, the latter one holds the largest market share. Also, poultry sector contributes for maximum revenue share.
At the same time, natural calamities like floods, droughts, and frost do pose challenges with regards to producing forage feed. These seeds need 2-3 years for reaping forage (lead time) for establishing seed crop and harvesting. This proves that one can’t expect immediate ROI (Return on Investment). These factors are likely to restrain the forage seed market in the forecast period.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Forage Seed Market’. It has its dedicated team of analysts and consultants to execute through bottom-up approach. Both – macros and micros have been worked upon.
“With increase in awareness of the fact that forage comes across as a cost-effective rotation crop, the global forage seed market is expected to grow unabated in the near future”, says an analyst from Future Market Insights.
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Key Takeaways from Forage Seed Market
- Europe holds the largest market share due to big grazing land available in the UK and Germany.
- The Asia-Pacific is expected to grow at the fastest rate in the forage seed market in the forecast period due to an ever-increasing demand for poultry, dairy, and food products in countries like China and India.
- North America is expected to go steady in the forage seed market in the forecast period. This could be credited to the manufacturers emphasizing on animals’ food habits for increasing production of organic meat.
Competitive Landscape
- DLF, in March 2022, did acquire assets of OreGro (a forage, cover crop, and turfgrass breeding company).
- Empyr Premier Forages, in 2020, were launched. They could be referred to as a strong line-up of sorghum-sudan hybrids, sudangrass, and forage sorghum.
- DLF Seeds, since October 2017, has its different variety of alfalfa seeds, thereby enhancing the portfolio of forage seed.
- Semillas Fito, in conjunction with Valley Seeds, provides forage seeds all over the Europe.
- Forratec and Syngenta, in partnership, supply exclusive forage seeds protected through ‘Plenus Treatment Technology’.
- KWS Saat S.E. has its maize forage varieties with improvised properties like enhanced yield and dairy production (by cows), and higher kernel content.
- DLF, in 2018, completed acquisition of assets of Argentina-based Gapp Semillas S.A. with the purpose of increasing its foothold in LATAM.
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What does the Report germinate into?
- The research study is based on product segment (alfalfa, clover, ryegrass, chicory, and likewise), and by livestock type (poultry, cattle, pork/swine, and likewise).
- With manufacturers using grass and legumes for planting hayfields and pastures, the forage seed market is bound to grow inadvertently in the forecast period.
Global Forage Seeds Industry Segmentation
By Product Type:
- Alfalfa
- Clover
- Ryegrass
- Chicory
- Others
By Livestock Type:
- Poultry
- Cattle
- Pork/Swine
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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