Top Driving Factors of Forage Seeds Market with leading Key Players - Dow AgroSciences LLC, Monsanto, Land O' Lakes, BrettYoung, Barenbrug Holding B.V, Allied Seed LLC, AMPAC Seed Company, and Imperial Seed Ltd.

The forage seeds market is estimated at USD 9,913.5 million in 2016 and is projected to reach USD 17,377.2 million by 2022, growing at a CAGR of 9.81% during the forecast period. Increase in demand for quality feed products and growth in livestock populations are resulting in the growth of forage seeds market. Forage seeds provide essential protein, fiber, and energy to the livestock, which results in increased yield and also helps save costs incurred on adding additional protein and supplement additives.

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Based on type, the market has been segmented into alfalfa, clover, ryegrass, and chicory. The alfalfa segment dominated the market in terms of value in 2016. It is primarily used for feeding cattle, goats, horses, sheep, and dairy cows. Alfalfa improves the growth rate of the livestock by improving their digestibility and intestinal health. It also helps increase the yield of the livestock with an improved quality livestock production.

In terms of type of livestock, the cattle segment accounted for the largest share of the forage seeds market in 2016. The quality of milk and meat products depends on the quality of feed fed to the cattle. Forage seeds are added to the cattle feed by livestock producers to ensure optimum production and performance. They help to improve the milk quantity and enhance the immune system of cattle, leading to greater feed efficiency.

In the species segmentation, the legumes segment accounted for the larger share of the forage seeds market in 2016. Manufacturers have been using legumes to cultivate pastures and hayfields. Legumes have nitrogen-fixing nodules on their roots, which helps in fixing the atmospheric nitrogen. Forage legumes improve the health of animals, by providing essential nutrients such as proteins. Their production is a cost-effective method for enhancing the quality of livestock feeds. Legumes enhance soil fertility, thereby reducing the cost of crop production and livestock feed.

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Asia Pacific is projected to be the fastest-growing market for forage seeds during the forecast period. The Asia Pacific market experiences the maximum consumption of forage seeds due to the rising demand for animal feed, reduction in the availability of grazing land, and increase in demand for dairy products. Key players in the forage seeds market focus on research & developments to develop innovative forage seeds that provide nutrients such proteins and vitamins to livestock through their feed.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. These companies include Dow AgroSciences LLC (U.S.), E.I. du Pont de Nemours and Company (U.S.), Monsanto (U.S.), Land O' Lakes (U.S.), and Advanta Seed Ltd. (India); these are well-established and financially stable players that have been operating in the industry for several years. Other players include BrettYoung (Canada), Barenbrug Holding B.V (Netherlands), Allied Seed LLC (U.S.), AMPAC Seed Company (U.S.), and Imperial Seed Ltd. (Canada).

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