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Global Forage Seeds Market Research Report - Segmented By Type (Alfalfa, Clover, Ryegrass, Chicory), Livestock Type (Poultry, Cattle, Swine), Species Type (Legumes, Grasses) and Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast from 2023 to 2028

Published: March, 2023
ID: 553
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global forage seeds market Size (2023 to 2028)

As per our analysis report, the global forage seeds market is expected to reach USD 19.47 billion by 2028 from USD 15.9 billion in 2023, growing at a compound annual growth rate (CAGR) of 9.9% during the forecast period.

Global forage seeds market Share Insights:

● The Asia Pacific region is dominating the forage seeds market due to the increasing demand for livestock products driven by a rising population and changing dietary preferences.

● Cattle farming is one of the most dominating sectors globally as cattle are raised for beef and dairy production, and forage crops are a primary component of their diet.

MARKET DRIVERS:

The forage seeds market is experiencing high growth due to the increasing livestock industry, which is driven by the increasing global population. Forage seeds play an important role in this problem, as they serve as the foundation for nutritious and sustainable animal feed. The expanding livestock sector mostly relies on forage seeds to ensure a consistent and high-quality food supply for animals. As the need for livestock products hype up, so does the demand for best forage seed varieties that can offer improved yields and nutritional value. Hence, this interdependence between the livestock industry and forage seeds underscores the market's demand and the vital role it plays in supporting global food security, animal welfare, and sustainable agricultural practices.

Technological advancements are being a driving force in the forage seeds market. The rise in agricultural biotechnology, innovative breeding techniques, and crop genetics has given rise to a generation of forage seed varieties that are high-yielding, disease-resistant, and nutritionally superior. Farmers get benefits from increased productivity, as these modern forage seed varieties generate higher yields by ensuring a more abundant and reliable source of animal feed. As a result, the demand for these technologically advanced forage seeds is on the rise, with industry stakeholders recognizing their pivotal role in securing a sustainable future for both agriculture and the livestock sector. These innovations are propelling the global forage seeds market forward, driving its continued growth and adaptation to evolving agricultural needs.

MARKET RESTRAINTS:

Environmental and climate factors pose substantial restraints to the forage seeds market. The unpredictability of weather patterns can increase the incidents of droughts, which have a high effect on forage crop production. With shifting climate conditions, forage seed growers and farmers face the large problem of adapting to a more volatile agricultural landscape. Rising temperatures, altered precipitation patterns, and the potential spread of pests and diseases create hurdles that can impact crop yields and quality. Such climate-related disruptions can have large effects on livestock production and food security. 

Impact of COVID-19 on the Global forage seeds market:

The COVID-19 pandemic has had both demerit and advantageous effects on the global forage seeds market. Initially, the market faced disruptions in the supply chain due to lockdowns and restrictions, impacting the production and distribution of forage seeds. Many farmers experienced labor shortages and logistical challenges, hindering planting and harvesting activities. Additionally, the economic uncertainties brought about by the pandemic led to reduced investments in agriculture and a decline in demand for forage seeds in certain regions. However, the pandemic underscored the importance of food security and self-sufficiency in various nations, prompting increased attention to resilient and sustainable agricultural practices. This renewed focus on agriculture served as an impetus for the forage seeds market, as it plays a critical role in livestock production, a key component of the food supply chain. Consequently, there was a heightened interest in advanced forage seed varieties that can enhance livestock nutrition and resilience. While the pandemic initially presented challenges, it ultimately highlighted the significance of the forage seeds market in securing a stable food supply.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

CAGR

9.9%

Segments Covered

By type, Livestock, Species, And By Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

DuPont Pioneer, Barenbrug Group, ForFarmers N.V., Dow AgroSciences LLC, Limagrain, Allied Seed LLC, Northstar Seed Ltd., S&W Seed Company, Germinal Holdings Limited, BrettYoung Seeds Limited, DLF Seeds A/S, Tetra Laval Group, Gansu Dunhuang Seed Co., Ltd., Hancock Farm & Seed Company, The Scotts Miracle-Gro Company, DSM Nutritional Products, PGG Wrightson Ltd., Pickseed Canada, Blue River Hybrids.

This market research report on the global forage seeds market is segmented and sub-segmented into the following categories

Global forage seeds market – By type:

  • Alfalfa
  • Clover
  • Ryegrass
  • Chicory

Alfalfa is the most dominating in the market and is widely grown for its high nutritional value. It is rich in protein and is used widely in livestock feed, particularly for dairy cattle and horses. Alfalfa's deep root system makes it drought-tolerant and suitable for various climates. It is also considered a high-yielding forage crop and is in high demand in the global market due to its exceptional forage quality.

Clover holds the second largest market share and is often used as a companion crop to pasture diversity and nitrogen fixation in the soil. Clover plays an essential role in improving forage quality and soil health in pastures.

Ryegrass is known for its quick growth and excellent palatability for livestock. It is frequently used in pasture mixes to provide a consistent supply of forage throughout the grazing season, particularly in cooler regions.

Chicory is a lesser-known forage crop that has gained popularity due to its deep taproots, which help improve drought resistance and mineral uptake. It's often included in pasture blends for its ability to enhance forage quality.

Global forage seeds market – By livestock:

  • Poultry 
  • Cattle
  • Swine

Cattle farming is one of the most dominating and widespread livestock sectors globally. Cattle are raised for beef and dairy production, and forage crops are a primary component of their diet. Cattle have a relatively large body size, and they require substantial quantities of forage to maintain their growth and milk production. 

Poultry farming has seen significant growth and is second-dominating due to its increased demand for poultry products. However, poultry primarily relies on grain-based diets, such as corn and soy, rather than forage seeds. Forage seeds play a more limited role in poultry feed, focusing on providing greens and insects for outdoor-raised poultry or supplementing their diets with certain forage types.

Swine represents another substantial sector in the global livestock industry. While swine can consume forage and are often allowed access to pastures, their diet mainly consists of grains and protein sources. Forage seeds have a relatively smaller impact on swine feed compared to cattle.

Global forage seeds market – By species:

  • Legumes
  • Grasses

Grass species are often more dominant in the forage seeds market due to their versatility and adaptability. They are well-suited to a wide range of climates and can serve as the foundation for pastures and forage mixes. Grasses such as Bermuda grass, ryegrass, and fescue are commonly used in livestock feed because of their high yield potential, palatability to animals, and ability to establish quickly. They provide valuable forage for both grazing and hay production, making them a staple in livestock diets.

While legumes like alfalfa, clover, and trefoil are highly nutritious and valued for their nitrogen-fixing abilities, they are often used in combination with grasses. Legumes can improve the overall quality of forage by adding protein content and aiding in soil fertility. However, they may not dominate the market as a standalone forage type because they have specific growth requirements and may not be as widely adaptable to different environmental conditions as grasses.

Global forage seeds market - By Region:

● North America

● Europe

● Asia Pacific

● Latin America

● Middle East and Africa

The Asia Pacific region is dominating and growing in prominence in the forage seeds market due to the increasing demand for livestock products driven by a rising population and changing dietary preferences. In parts of Asia, alfalfa and other legumes are gaining popularity, particularly in dairy farming. The region's diversity and potential for expansion contribute to its importance in the forage seeds market.

North America holds the second-largest share and is a significant player in the global forage seeds market. The region's dominance can be attributed to its vast expanses of agricultural land, which are suitable for forage crop cultivation, and a well-established livestock industry. The region's advanced agricultural practices and the prevalence of livestock farming contribute to its prominence in the forage seeds market.

Europe is another prominent region that has the third largest CAGR in the global forage seeds market. Its dominance is due to a strong tradition of livestock farming and diverse climatic zones that allow for the cultivation of a wide range of forage crops. The usage of forage crops varies by region, with countries in the northern parts of Europe favoring grasses like ryegrass and clover, while alfalfa is prevalent in southern regions.

Latin America has a strong presence in the forage seeds market, especially in countries like Brazil and Argentina. The region's dominance is driven by extensive grazing systems for cattle and the suitability of the climate for forage crop production.

The Middle East and Africa have a growing but relatively smaller share of the global forage seeds market. The region's dominance is limited due to arid and semi-arid climates in many areas, which restrict the availability of suitable land for forage crop cultivation. 

KEY MARKET PLAYERS:

DuPont Pioneer, Barenbrug Group, ForFarmers N.V., Dow AgroSciences LLC, Limagrain, Allied Seed LLC, Northstar Seed Ltd., S&W Seed Company, Germinal Holdings Limited, BrettYoung Seeds Limited, DLF Seeds A/S, Tetra Laval Group, Gansu Dunhuang Seed Co., Ltd., Hancock Farm & Seed Company, The Scotts Miracle-Gro Company, DSM Nutritional Products, PGG Wrightson Ltd., Pickseed Canada, Blue River Hybrids, Are playing a dominant role in the global forage seeds market.

RECENT KEY DEVELOPMENTS IN THE MARKET:

  • In 2022, DowDuPont worked on improving the nutritional quality of forage crops to better meet the dietary needs of livestock, particularly dairy cows.
  • In 2022, Syngenta AG introduced hybrid forage seed varieties with higher yields and improved nutrient content, benefiting both farmers and livestock.
  • In 2022, Advanta Seeds introduced new forage seed varieties with enhanced drought tolerance to address changing climatic conditions and water scarcity.

 

 

 

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FAQ's

what is the size of forage seeds market?

The global forage seeds market size is expected to be valued at USD 15.9 billion in 2023.

what is the forage seeds market growth?

As per our analysis report, the global forage seeds market is expected to grow USD 19.47 billion by 2028.

what are the key market players involved in forage seeds market ?

DuPont Pioneer, Barenbrug Group, ForFarmers N.V., Dow AgroSciences LLC, Limagrain, Allied Seed LLC, Northstar Seed Ltd., S&W Seed Company, Germinal Holdings Limited, BrettYoung Seeds Limited, DLF Seeds A/S, Tetra Laval Group, Gansu Dunhuang Seed Co., Ltd., Hancock Farm & Seed Company, The Scotts Miracle-Gro Company, DSM Nutritional Products, PGG Wrightson Ltd., Pickseed Canada, Blue River Hybrids.

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