The Middle-East and Africa forage seed market is expected to grow at a CAGR of 8.29% to reach USD 1.490 billion in 2023 from USD 1 billion in 2018.
Forage seeds are used for feeding livestock including poultry, cattle, swine, and aquaculture animals. Farmers prefer to use forage seeds for feeding purpose as cultivation of these seeds generates some economic benefits such as crop rotation, risk diversification, and improve soil structure and prevention of soil erosion.
The major drivers for the market are steady increase in population, emerging per capita income, increased demand for dairy and animal products, low productivity of cattle, increased in breed cattle demand for feed, government subsidies and the shrinkage of land for the grazing animals. The livestock sector in Middle-East and Africa is undergoing a major transformation. Rapidly increasing populations, increases in per capita income and, especially, increases in urbanization are driving the forage seed market. Although the quality potential of the forage seed is quite high and so the cost is more which restricts the market growth.
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 in the Middle-East and Africa 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
6.1 Introduction
6.2 Middle-East
6.3 Africa
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
