Europe Forage Seed Market Size, Share & Industry Trends Analysis Report By Species (Legumes and Grasses), By Product, By Livestock (Poultry, and Cattle), By Country and Growth Forecast, 2022 - 2028
The Europe Forage Seed Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
Because forage seed farming does not depend on synthetic pesticide and fertilizer inputs, soil health can be enhanced and maintained with the use of forage seeds. Cover crop forage mix is used in forage seed production to regulate soil health. Cover crops preserve soil, enhance soil structure, increase organic matter, and capture and retain nutrients for forage crops. Moreover, the requirement for high-quality meat is rapidly increasing. Due to this, the employment of forage seeds across multiple slaughterhouses and animal shelters would rise significantly.
If the small farm is to provide a reliable source of fuel, nutrients, construction materials, and other necessities for its owners, it must be managed in such a way that the land and its productive capacity are not harmed. Forage crops are vital to the small farm as a part of the production system as they can use land that is difficult to use for other crops, they can sprout quickly and frequently, and they serve as primary sources of feed for a variety of animals, and thus indirectly as a medium of milk, meat, and eggs. They are often low-cost crops to raise and produce. Grass can also help to reduce erosion, and legumes can aid in improving the nitrogen available in the soil for other crops.
The rising requirement for forage seed is mostly owing to Russia's active development of animal breeding, which is reconstructing arable farming to improve the feed resources available for animal breeding. Moscow is primarily concerned with the advancement of forage crops. Forage crops cover a considerable proportion of the city's cultivated land.
Additionally, France is one of the leading producers of grass seed. Ryegrass and turf account for almost half the share of the market. One of the primary drivers driving the market in France is the rise in the area for forage seeds harvesting. Alfalfa was the first forage seed to be produced in France, and it now accounts for more than half of the share of the market. Alfalfa seeds are typically exported from France to Italy, Denmark, Germany, and Romania. During downturns in the market, although, the country imported goods. Further, Italy, Romania, Canada, & Germany are few of the top alfalfa seed exporters.
The Germany market dominated the Europe Forage Seed Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,353 million by 2028. The UK market is experiencing a CAGR of 5.7% during (2022 - 2028). Additionally, The France market would witness a CAGR of 7.3% during (2022 - 2028).
Based on Species, the market is segmented into Legumes and Grasses. Based on Product, the market is segmented into Alfalfa, Clover, Ryegrass, Chicory, and Others. Based on Livestock, the market is segmented into Poultry, and Cattle, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Land O'Lakes, Inc., Central Garden & Pet Company, Corteva, Inc. (Dow AgroSciences LLC), United Phosphorus Ltd. (Advanta Seeds), The Royal Barenbrug Group, Ampac Seed Company, Allied Seed, L.L.C., Hancock Farm & Seed Co., and BrettYoung Seeds Limited.
Scope of the Study
Market Segments covered in the Report:
By Species
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