The global forage seed market was valued at $22,808.2 million in 2021, and is expected to reach $44,186 million by 2031, registering a CAGR of 7.02% from 2022 to 2031.
Forage seeds are the edible parts of plants, which serve as food for livestock. Forage feed manufacturers use legumes and grass seeds to plant pastures and hayfields. These seeds are obtained from chicory, clover, alfalfa, and ryegrass. Forage seeds are supplied to seed cultivators and conditioners for processing and conditioning to obtain clean seeds with maximum germination potential. Forage seeds are available at low price compared to other feeds, such as wheat bran and oil seed. The nutritional quality of forage seed, hygiene, digestibility, and effect on intestinal health maintain the growth rate of livestock.
Thus, growth in demand for forage feed that are used to feed livestock is expected to drive the forage seed market. Moreover, economic benefits of cultivating forage seeds such as improving soil health and business flexibility are the other drivers of the market. However, irregularity of seed cycle and lack of funding in forage research may hamper the growth of this market. Rise in demand for organic meat to maintain a healthy lifestyle creates future opportunities for the forage seed market. The clover seeds segment was the largest contributor to the global market in 2021, wherein it accounted for the highest market share in terms of revenue and is expected to maintain the highest market share, registering a CAGR of 8.10% during the forecast period.
The forage seed market is segmented on the basis of product type, livestock, species, and region. Based on product, the forage seed market is segmented into clover, chicory, ryegrass, alfalfa, and others. Based on livestock, the market is segmented into cattle, swine, poultry, and others. Based on species, the market is segmented into legumes and grasses. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players operating in the global forage seed market are Allied Seed, LLC., Brett Young, BASF SE, Dynamic Seeds Ltd., Central Garden & Pet Company, Barenbrug Seed Company, Northstar Seed Ltd., Hancock Farm & Seed Co. Inc., Foster’s Seed and Feed Ltd., and Dow AgroSciences, LLC. The other key market players (not profiled in this report) in the value chain include S&W Seed Company, Germinal GB, Heritage Seed Company, Advanta Seed International, Brett Young, DLF International Seeds, Barenburg Seeds, USA, Golden Acre Seeds, Moore seed Processors, Pickseed Canada Ltd., Wolf seeds Inc., Barenburg Seeds, Blue River Hybrids Organic Seeds, Ampac Seed Company, and Canterbury Seeds.
According to the market players, the major obstacles faced by them attributed to the COVID-19 pandemic were disruption of the supply chain and restrictions in manufacturing capacity. Moreover, all the supply channels were nearly shut down in the first quarter of the pandemic.
Forage seeds are the edible parts of plants, which serve as food for livestock. Forage feed manufacturers use legumes and grass seeds to plant pastures and hayfields. These seeds are obtained from chicory, clover, alfalfa, and ryegrass. Forage seeds are supplied to seed cultivators and conditioners for processing and conditioning to obtain clean seeds with maximum germination potential. Forage seeds are available at low price compared to other feeds, such as wheat bran and oil seed. The nutritional quality of forage seed, hygiene, digestibility, and effect on intestinal health maintain the growth rate of livestock.
Thus, growth in demand for forage feed that are used to feed livestock is expected to drive the forage seed market. Moreover, economic benefits of cultivating forage seeds such as improving soil health and business flexibility are the other drivers of the market. However, irregularity of seed cycle and lack of funding in forage research may hamper the growth of this market. Rise in demand for organic meat to maintain a healthy lifestyle creates future opportunities for the forage seed market. The clover seeds segment was the largest contributor to the global market in 2021, wherein it accounted for the highest market share in terms of revenue and is expected to maintain the highest market share, registering a CAGR of 8.10% during the forecast period.
The forage seed market is segmented on the basis of product type, livestock, species, and region. Based on product, the forage seed market is segmented into clover, chicory, ryegrass, alfalfa, and others. Based on livestock, the market is segmented into cattle, swine, poultry, and others. Based on species, the market is segmented into legumes and grasses. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players operating in the global forage seed market are Allied Seed, LLC., Brett Young, BASF SE, Dynamic Seeds Ltd., Central Garden & Pet Company, Barenbrug Seed Company, Northstar Seed Ltd., Hancock Farm & Seed Co. Inc., Foster’s Seed and Feed Ltd., and Dow AgroSciences, LLC. The other key market players (not profiled in this report) in the value chain include S&W Seed Company, Germinal GB, Heritage Seed Company, Advanta Seed International, Brett Young, DLF International Seeds, Barenburg Seeds, USA, Golden Acre Seeds, Moore seed Processors, Pickseed Canada Ltd., Wolf seeds Inc., Barenburg Seeds, Blue River Hybrids Organic Seeds, Ampac Seed Company, and Canterbury Seeds.
According to the market players, the major obstacles faced by them attributed to the COVID-19 pandemic were disruption of the supply chain and restrictions in manufacturing capacity. Moreover, all the supply channels were nearly shut down in the first quarter of the pandemic.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the forage seed market analysis from 2020 to 2031 to identify the prevailing forage seed market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the forage seed market segmentation assists to determine the prevailing Forage Seed Market Forecast.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global forage seed market trends, key players, market segments, application areas, and Forage Seed Market Share strategies.
Key Market Segments
By Product
- Alfalfa
- Clover
- Ryegrass
- Chicory
- Others
By Livestock
- Poultry
- Cattle
- Pork
- Others
By Species
- Legumes
- Grasses
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Russia
- Italy
- Rest of Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Allied Seed, LLC.
- Brett Young
- BASF SE
- Dynamic Seeds Ltd.
- Central Garden and Pet Company
- Barenbrug Seed Company
- Northstar Seed Ltd.
- Hancock Farm and Seed Co. Inc.
- Fosters Seed and Feed Ltd.
- Dow AgroSciences, LLC
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FORAGE SEED MARKET, BY PRODUCT
CHAPTER 5: FORAGE SEED MARKET, BY LIVESTOCK
CHAPTER 6: FORAGE SEED MARKET, BY SPECIES
CHAPTER 7: FORAGE SEED MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Forage Seed Market,' the forage seed market was valued at $22,808.23 million in 2021, and is estimated to reach $44,186.14 million by 2031, growing at a CAGR of 7.02% from 2022 to 2031.Forage seeds are the edible parts of plants widely utilized for livestock feeding. Alfalfa, clover, chicory, ryegrass, lablab, and fescue are some of the popular forage seeds in the global market. They are available at a lower price compared to other feeds, such as wheat bran and oil seed. These forage seeds are supplied to seed cultivators and conditioners for further processing and conditioning to get purified seeds with increased level of protein and energy. The demand for forage seed is majorly driven by their high nutrient content, which helps to improve lactation, reproduction, and health of livestock. In addition, forage seeds are widely used to enhance milk production globally. Economic benefits associated with cultivating forage seeds include improving soil health and business flexibility. These are further expected to drive the forage seed market. Irregular seed germination cycle, lack of favorable government policies for cereal crops, and insufficient funding in forage research are expected to hamper the market growth. Forage seed production does not involve addition of synthetic fertilizers and pesticides for growth and protection of forage crops. Forage-fed animals give healthier meat, and helps avoid obesity, cholesterol, cancer, fats, and hypertension. Thus, rise in demand for organic meat to maintain a healthy lifestyle creates lucrative opportunities for the forage seed market.
The product type alfalfa accounted for the highest share of the forage seed market in terms of revenue. The demand for alfalfa is on the rise due to its use in treating cholesterol, asthma, osteoarthritis, rheumatoid arthritis, diabetes, upset stomach, and thrombocytopenic purpura. It is also a rich source of vitamins A, C, E, and K4 and minerals such as calcium, potassium, phosphorous, and iron. This in turn is expected to offer lucrative opportunities to the alfalfa market during the forecast period. Increase in need for healthy animals coupled with growth in demand for organic meat, eggs, and milk is estimated to boost the market during the forecast period.
The Forage Seed Market Analysis is segmented into product type, livestock, species and region. Based on product, the forage seed market is segmented into clover, chicory, ryegrass, alfalfa, and others. Based on livestock, the market is segmented into cattle, swine, poultry, and others. Based on species, the market is segmented into legumes and grasses. Furthermore, the Forage Seed Market Growth is segmented by region into North America, Europe Asia-Pacific, and LAMEA.
Key findings of the Study
- By product type, the alfalfa segment was leading the global Forage Seed Market Size, owing to its high protein content and highly digestible fiber, and also for beef cattle, horses, sheep, and goats. Clover product type is also another leading segment for forage seed market as it is used to improve soil quality and reduce the need for artificial fertilizers.
- By livestock, poultry segment dominated the global Forage Seed Market Forecast, owing to increasing demand for organic meat. The demand for livestock products in the future is expected to increase due to socio-economic factors such as human health concerns and changing socio-cultural values.
- By species, legumes segment is the major category in terms of value; however, grasses segment is expected to be the fastest growing segment during the forecast period.
- By region, North America led in terms of the forage seed industry share in 2021, and is expected to retain its dominance during the forecast period.
Companies Mentioned
- Allied Seed, LLC.
- Brett Young
- BASF SE
- Dynamic Seeds Ltd.
- Central Garden and Pet Company
- Barenbrug Seed Company
- Northstar Seed Ltd.
- Hancock Farm and Seed Co. Inc.
- Fosters Seed and Feed Ltd.
- Dow AgroSciences, LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 214 |
| Published | March 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 22808.2 million |
| Forecasted Market Value ( USD | $ 44186 million |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
