Forage Seed Market By Product (Alfalfa, Clover, Ryegrass, Chicory, Others), By Livestock (Poultry, Cattle, Pork, Others), By Species (Legumes, Grasses): Global Opportunity Analysis and Industry Forecast, 2020-2031
The global forage seed market was valued at $22,808.2 million in 2021, and is expected to reach $44,186 million by 2031, registering a CAGR of 7.02% from 2022 to 2031.
Forage seeds are the edible parts of plants, which serve as food for livestock. Forage feed manufacturers use legumes and grass seeds to plant pastures and hayfields. These seeds are obtained from chicory, clover, alfalfa, and ryegrass. Forage seeds are supplied to seed cultivators and conditioners for processing and conditioning to obtain clean seeds with maximum germination potential. Forage seeds are available at low price compared to other feeds, such as wheat bran and oil seed. The nutritional quality of forage seed, hygiene, digestibility, and effect on intestinal health maintain the growth rate of livestock.
Thus, growth in demand for forage feed that are used to feed livestock is expected to drive the forage seed market. Moreover, economic benefits of cultivating forage seeds such as improving soil health and business flexibility are the other drivers of the market. However, irregularity of seed cycle and lack of funding in forage research may hamper the growth of this market. Rise in demand for organic meat to maintain a healthy lifestyle creates future opportunities for the forage seed market. The clover seeds segment was the largest contributor to the global market in 2021, wherein it accounted for the highest market share in terms of revenue and is expected to maintain the highest market share, registering a CAGR of 8.10% during the forecast period.
The forage seed market is segmented on the basis of product type, livestock, species, and region. Based on product, the forage seed market is segmented into clover, chicory, ryegrass, alfalfa, and others. Based on livestock, the market is segmented into cattle, swine, poultry, and others. Based on species, the market is segmented into legumes and grasses. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players operating in the global forage seed market are Allied Seed, LLC., Brett Young, BASF SE, Dynamic Seeds Ltd., Central Garden & Pet Company, Barenbrug Seed Company, Northstar Seed Ltd., Hancock Farm & Seed Co. Inc., Foster’s Seed and Feed Ltd., and Dow AgroSciences, LLC. The other key market players (not profiled in this report) in the value chain include S&W Seed Company, Germinal GB, Heritage Seed Company, Advanta Seed International, Brett Young, DLF International Seeds, Barenburg Seeds, USA, Golden Acre Seeds, Moore seed Processors, Pickseed Canada Ltd., Wolf seeds Inc., Barenburg Seeds, Blue River Hybrids Organic Seeds, Ampac Seed Company, and Canterbury Seeds.
According to the market players, the major obstacles faced by them attributed to the COVID-19 pandemic were disruption of the supply chain and restrictions in manufacturing capacity. Moreover, all the supply channels were nearly shut down in the first quarter of the pandemic.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the forage seed market analysis from 2020 to 2031 to identify the prevailing forage seed market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the forage seed market segmentation assists to determine the prevailing Forage Seed Market Forecast.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global forage seed market trends, key players, market segments, application areas, and Forage Seed Market Share strategies.
Key Market Segments
By Product
Alfalfa
Clover
Ryegrass
Chicory
Others
By Livestock
Poultry
Cattle
Pork
Others
By Species
Legumes
Grasses
By Region
North America
U.S.
Canada
Mexico
Europe
Russia
Italy
Rest of Europe
U.K.
Germany
France
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
Rest of LAMEA
Key Market Players
Allied Seed, LLC.
Brett Young
BASF SE
Dynamic Seeds Ltd.
Central Garden and Pet Company
Barenbrug Seed Company
Northstar Seed Ltd.
Hancock Farm and Seed Co. Inc.
Fosters Seed and Feed Ltd.
Dow AgroSciences, LLC
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