Forage Seed Market Forecasts to 2030 – Global Analysis By Crop Type (Alfalfa, Chicory, Clover, Ryegrass and Other Crop Types), Origin (Organic and Inorganic), Species (Legumes and Grasses), By Form (Green and Dry), Livestock and By Geography

Forage Seed Market Forecasts to 2030 – Global Analysis By Crop Type (Alfalfa, Chicory, Clover, Ryegrass and Other Crop Types), Origin (Organic and Inorganic), Species (Legumes and Grasses), By Form (Green and Dry), Livestock and By Geography

According to Stratistics MRC, the Global Forage Seed Market is accounted for $22.52 billion in 2023 and is expected to reach $49.48 billion by 2030 growing at a CAGR of 11.9% during the forecast period. To give animals a balanced and wholesome diet, forage seeds are specifically cultivated to feed livestock, including cattle, horses, and sheep. These seeds are an abundant source of protein, fiber, and other vital nutrients required for healthy animal growth and development. As a result, they are frequently used in the livestock industry to ensure the health and welfare of animals. In addition to this, forage legumes can also help improve soil fertility and prevent erosion. There are many different forage seeds on the market, each with special qualities and advantages.

According to the Food and Agriculture Organization (FAO), worldwide consumption of meat proteins is forecast to increase by 14% through 2030. This, in turn, will positively impact forage seed sales.

Market Dynamics

Driver

Growing concern for the livestock's health

The growing consumer preference for natural and organic animal feed that provides nutrition to animals is one of the key factors driving the market's expansion. This preference is a result of increasing awareness of the health of livestock. Additionally, the production of forage seed for feeding animals is increasing. The quality of dairy products is entirely dependent on the quality of animal feed. This helps to ensure that the animals receive the nutrition they need, which in turn helps to produce high-quality products and boosts the growth of the global forage seed market.

Restraint

Inadequate germplasm resources

Lack of adequate germplasm is another problem with the forage crop breeding program. All forage crops are essentially shy seeders as a result of breeding programs in forage crops being primarily focused on increasing the quality and quantity of forage production while seed production ability has been of secondary importance. This is one of the major factors preventing the rapid spread of high-yielding varieties of forage crops over a large area. In addition to this, growing farmer reluctance to spend money on high-quality crops is expected to present challenges for the global forage seed market.

Opportunity

Rising demand for meat and meat products

The production of forage seeds used in animal feed by manufacturers is another factor boosting the market's growth. This is due to the rising demand for meat and meat products. Animals that eat forage produce meat that is healthier, reducing the risk of obesity, high cholesterol, cancer, fat, and hypertension. Throughout the forecast period, this is anticipated to generate new business opportunities for the forage seed market. The market is also expanding as a result of the economic advantages of growing forage seeds, such as crop rotation, erosion prevention, improved soil structure, and risk diversification.

Threat

Sensitivity to certain temperatures and weather conditions

When grown for seed production, forage crops that are typically tolerant of a wide range of climatic conditions exhibit a significant amount of temperature and weather sensitivity. This restricts the production of forage seeds to a small number of locations with ideal climatic conditions. Another issue that limits forage seed production is the lack of any secondary market value for the majority of forage crop seeds.

Covid-19 Impact

The COVID-19 pandemic had a significant impact on the expansion of the global forage seed market. Forage seed has a large volume of international shipments. Additionally, there are issues with the distribution network and the raw material supply in the global forage seed market. It is anticipated that the market will return to normal within the next two years, and ongoing assessment will help predict the pandemic's effects on the sector.

The alfalfa segment is expected to be the largest during the forecast period

Over the forecast period, the alfalfa segment is anticipated to have the largest market share. For dairy cows, alfalfa is regarded as the best forage. Alfalfa is one of the world’s most versatile crops. This crop's ability to tolerate high temperatures is predicted to increase production. Moreover, growers value alfalfa for its high yield, wide range of adaptation, resistance to disease, and exceptional feeding quality, all of which are anticipated to increase demand for alfalfa in the upcoming years.

The poultry segment is expected to have the highest CAGR during the forecast period

The poultry segment is anticipated to have the highest CAGR during the projection period. This is primarily because the poultry industry is experiencing an increase in demand for forage seed as a result of the need for proper care and nutrition for poultry animals in order to produce healthy and fresh meat. Additionally, the demand for forage seed in the poultry industry is rising as a result of consumers' increased protein consumption, which is bolstering the market's expansion.

Region with largest share

North America dominated the forage seeds market and is anticipated to dominate throughout the forecast timeline. This is due to rising demand for forage seeds, rising consumer preference for organic feed, and rising consumption of dairy products. Moreover, the reduction of land for feeding animals increases the production of alfalfa, which in turn drives the growth of the forage seed market. Additionally, the United States produces about 23 million acres of alfalfa annually, which raises the demand for forage seed in this area.

Region with highest CAGR

Due to a lack of available cattle grazing land and a rising demand for dairy products, the Asia Pacific region is anticipated to experience lucrative growth during the forecast period. India's forage seed market is expanding as a result of the increased demand caused by the production of chicken. The major players in the market for forage seeds are constantly working to create novel forage seeds that give livestock nutrients like proteins and vitamins. Furthermore, government initiatives and ongoing projects for the development of forage seeds are also anticipated to fuel market expansion in the area.

Key players in the market

Some of the key players profiled in the Forage Seed Market include Advanta Seed International, Ag Reliant Genetics, Allied Seed, LLC., Ampac Seed Company, Barenbrug Holland B.V., Barenbrug Seed Company, BASF SE, Bayer AG, Blue River Hybrids Organic Seeds, Brett-Young Seeds Limited, Canterbury Seeds, Central Garden & Pet Company, Corteva Agri Science, DLF International Seeds, Dow AgroSciences, LLC, Dynamic Seeds Ltd., Foster's Seed and Feed Ltd., Germinal GB, Golden Acre Seeds, Hancock Farm & Seed Co. Inc., Heritage Seed Company, Imperial Seed Ltd, Land O'Lakes, Inc., Moore seed Processors, Northstar Seed Ltd., Pickseed Canada Ltd, Royal Barenbrug Group, S & W Seed Company, The Monsanto Company and Wolf seeds Inc.

Key Developments

In March 2023, The Royal Barenbrug Group, a global grass-seed industry leader, has entered an agreement for its UK business to acquire Watson Group of companies, an independent seed specialist . The acquisition will strengthen Barenbrug’s business in the UK while enabling Watson Group to consolidate its own growth.

In March 2022, DLF acquired the assets of OreGro Seeds, a forage, cover crop, and turfgrass breeding company located in Albany, Oregon.

In October 2020, The Royal Barenbrug Group announced that it has finalised terms for the purchase of Simplot’s Jacklin® Seed business. The transaction, which includes a supply agreement between Barenbrug USA and Simplot Partners, is finalised as of 2 October, 2020. All 50 Jacklin® Seed employees will now work for Barenbrug.

Crop Types Covered
• Alfalfa
• Chicory
• Clover
• Ryegrass
• Other Crop Types

Origin's Covered
• Organic
• Inorganic

Species Covered
• Legumes
• Grasses

Forms Covered
• Green
• Dry

Livestocks Covered
• Cattle
• Pork/Swine
• Poultry
• Other Livestocks

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026 and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements