The Asia Pacific forage seed market is expected to be valued at USD 4.06 billion in 2024 and reach USD 6.30 billion by 2029, growing at a CAGR of 9.2% from 2024 to 2029.
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 the increase in population, which has supported the rise in demand for forage seed in the market. The forage seed production in Asia Pacific is insufficient and is unable to make up for the domestic demand. Hence, forage seeds are imported from other regions.
Plants obtained from forage seeds are chicory, Ryegrass, Alfalfa, Timothy, Clover, Bent grass, bird's trefoil, etc. The seeds are first obtained from plants and then purified by seed growers or conditioners. There is a high demand for livestock feed production, which is fulfilled by forage seeds. Manufacturers plant pastures and hayfields by using legumes and grass seeds (types of forage seeds).
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 the Asia Pacific region. The low potential of the currently available forage seeds is a major drawback.
This research report on the Asia Pacific forage seed market is segmented and sub-segmented into the following categories.
Asia Pacific Forage Seed Market – By Livestock:
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.
Asia Pacific Forage Seed Market – By plant type:
Among these, the alfalfa segment is the largest contributor to the market.
Asia Pacific Forage Seed Market – By Country:
KEY MARKET PLAYERS:
Companies playing a key role in the Asia Pacific forage seeds 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.
Frequently Asked Questions
As of the latest data, the Asia Pacific forage seed market is valued at USD 4.06 billion in 2024.
Key contributors to market growth in the Asia Pacific region include China, India, and Australia, where a dynamic livestock industry and diverse agricultural practices drive the demand for high-quality forage seeds.
In East Asia, key trends include the adoption of high-protein forage varieties, increasing use of legumes in forage mixes, and a focus on sustainable forage management practices.
In India, the demand for high-yielding forage varieties influences the market, leading to a preference for species and cultivars that offer increased biomass, nutritional value, and improved livestock productivity.
The development of precision farming practices in China influences the forage seed market by promoting accurate seed placement, efficient use of resources, and customized forage solutions tailored to specific farm needs.
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