Forage Seed Market

Forage Seed Market Size & Growth(2022 - 2027):

Forage Seed Market size was around USD 15.9 billion in 2021. It is expected to grow at a CAGR of 9.9% to reach USD 19.47 billion by 2026. Forages provide protein, fiber, and energy to the livestock, which helps to save the costs incurred on protein and other supplements.

The rise in demand for animal feed and livestock production is driving the market growth for forage seeds, worldwide. Feed quality and quantity, overgrazing, border conflicts, drought, and lack of seed and planting materials remain major challenges for forage seed production in developing countries such as South Africa, Ethiopia, and Brazil.

FORAGE SEED MARKET REPORT COVERAGE:

Forage Seed Market Segmentation:

Forage Seed Market – By Type:

• Alfalfa

• Clover
• Ryegrass
• Chicory

The alfalfa segment accounted for the largest market in the forage seeds market in 2015. Alfalfa contains about 15% to 22% crude protein and a high volume of 10 different vitamins. It is primarily used for feeding cattle, goats, horses, sheep, and dairy cows.

Forage Seed Market – By Livestock:

• Poultry
• Cattle
• Swine

The cattle segment accounted for the highest consumption of the forage seeds in 2015. The quality of milk and meat products depends on the quality of feed used for cattle. Forages are added to cattle feed by livestock producers to make sure that production is efficient. They aid in raising the milk quantity and enhance the immune system of cattle and feed efficiency.

Forage Seed Market – By Species:

• Legumes and Grasses

The grasses category is estimated to grow at a higher growth rate in the market in the forecast period. Forage grasses include natural grasses for pasture, grazing, and hay crops. Grasses aid in maintaining the balance of chemical compounds in the feed of ruminants.

Forage Seed Market – By Organic:

• Organic
• Inorganic

Forage Seed Market – By Form:

• dry
• green

Forage Seed Market – By Regions:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The Asia-Pacific region is estimated to be the fastest-growing market for forage seeds in the aforementioned forecast period. The Asia-Pacific market witnesses the maximum consumption of forage seeds owing to the growing demand for animal feed, reduction of grazing land, and rise in demand for dairy products.

Key Players:

Key players in the market include E.I du Pont de Nemours and Company (U.S.), Dow AgroSciences LLC (U.S.), Land O’ Lakes (U.S.), Monsanto (U.S.), and Advanta Seed Ltd. (India).