The Asia Pacific Forage Seed Market is expected to grow at a CAGR of 9.2% to reach USD 5.12 billion in 2026 from USD 3.12 billion in 2021.
Asia Pacific is the third largest forage seed market after North America and Europe. There is a tremendous increase in demand for dairy and meat products in the Asian region due to increase in population which has supported the rise in demand of forage seed in the market. The forage seed production in Asia pacific is insufficient and is unable to make up with the domestic demand. Hence, forage seeds are imported from the other regions.
Plants obtained from forage seeds are chicory, Ryegrass, Alfalfa, Timothy, Clover, Bent grass, Birdsfoot trefoll etc. the seeds are first obtained from plants and then purified by seed grower or conditioners. There is high demand of livestock feed production which is fulfilled by forage seeds. Manufacturers plant pastures and hayfields by using legumes and grass seeds (types of forage seeds).
Asia Pacific Forage Seed Market Drivers:
Emerging per capita income, increase in population, increase in breed cattle demand for feed, shrinkage of land for grazing animals, government subsidies and increased demand for animal and dairy products are the key drivers for the market in Asia pacific region. Low potential of the current available forage seeds is the major drawback.
Mainly the market is segregated in terms of livestock type, namely, cattle, swine/pork, poultry and others (Including aquaculture etc.). Poultry segment holds the largest share in the market, poultry farms are concentrating on quality seeds for better productivity as the demand for meat and eggs is increasing. Classification is also done based upon the plant type into chicory, ryegrass, clover, alfalfa and others (Including lablab, fescue etc.). Among these alfalfa segment is the largest contributor to the market.
Key Players:
Major companies leading the Asia Pacific market are Hancock Farm & Seed Co., Golden Acre Seeds, Dynamic Seeds Ltd., Northstar Seed Ltd., Brett young, Moore Seed Processors, Foster’s Seed and Feed, Allied Seed, LLC, BASF SE and Dow AgroSciences LLC.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Product Type
5.1.1 Chicory
5.1.2 Ryegrass
5.1.3 Clover
5.1.4 Alfalfa
5.1.5 Others (Including lablab, fescue etc.)
5.2 By Livestock Type
5.2.1 Cattle
5.2.2 Swine/pork
5.2.3 Poultry
5.2.4 Others (Including aquaculture etc.)
6. Geographical Analysis
6.3 Asia-Pacific
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 Australia
6.6 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Hancock Farm & Seed Co.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Golden Acre Seeds
8.3 Dynamic Seeds Ltd.
8.4 Northstar Seed Ltd.
8.5 Brett young
8.6 Moore Seed Processors
8.7 Foster’s Seed and Feed
8.8 Allied Seed
8.9 BASF SE
8.10 Dow AgroSciences LLC
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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