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North America Forage Seed Market Volume Expected to Reach 3,495,837.4 Kilo Tonnes by 2020

12-08-2021 03:03 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: FMI

Forage Seed Market

Forage Seed Market

Future Market Insights (FMI) delivers key insights on the global forage seed market in its latest report titled “Forage Seed Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020”. The global forage seed market is anticipated to expand at a CAGR of 8.4% in terms of volume during the forecast period due to various factors, regarding which FMI offers fundamental insights in detail in this report.

Request a report sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-199

On the basis of products, the market has been categorised into alfalfa, clover, chicory, ryegrass and others (including lablab, fescue, etc.). Alfalfa seeds segment was the largest contributor to the market in 2013, accounting for a market share of 27.0% in terms of value. The clover forage segment was the second largest revenue generator in the same year. Alfalfa plays an important role as a livestock forage. The demand for alfalfa is primarily driven by its high nutrient content (protein and energy) that helps improve: growth of livestock, maintenance, lactation and reproduction. In addition, alfalfa seeds are widely used for feeding dairy cattle with a view to enhance milk production globally. The clover seed segment of the global forage seed market was valued at USD 2,636.3 Mn in 2013 and is expected to expand at a CAGR of 7.9% in terms of revenue during the forecast period.

The global forage seed market is anticipated to expand at a high CAGR in terms of value during the forecast period. Owing to the inclining demand for forage seeds across different agricultural farms and cattle farms, the forage seeds market is expected to witness growth throughout the forecast period Along with this, rise in the number of poultry birds and cattle is also foreseen to strengthen the demand for forage feed globally.

Growing human population, increasing disposable income and urbanisation are playing an important role in increasing the demand for poultry meat and dairy products in Asia Pacific. Furthermore, the economic benefits, such as crop rotation and risk diversification, of forage seed cultivation are also expected to boost the growth of the forage seed market in Asia Pacific. The forage seed market in Asia Pacific was valued at 511,900 kilo tonnes in 2013 and is expected to expand at a CAGR of 10.3% during 2014-2020.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-199

Key Players

Key vendors identified across the value chain of the global forage seed market include: Allied Seed, LLC, BASF SE, Dow AgroSciences LLC, S & W Seed Company, Germinal GB, Hancock Farm & Seed Co. Inc., Central Garden & Pet Company, Northstar Seed Ltd, and Heritage Seed Company. These companies are involved in producing chicory seeds, turf grass seed, fescue, timothy grass and ryegrass among others.

In 2013, of these, Allied Seed, LLC was the leading player in the forage seed market as it comprises a strong distribution channel and offers all the major forage seeds related products.

Key Segments Covered

Forage seed Market
By Product Segment
Alfalfa
Clover
Ryegrass
Chicory
Others
By Livestock Type
Poultry
Cattle
Pork/Swine
Others

Contact Sales for Further Assistance in Purchasing this Report- https://www.futuremarketinsights.com/checkout/199

Table Of Content

1 Introduction

1.1 Report description

1.2 Research scope

1.3 Research methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview

3.1 Introduction

3.2 Supply chain analysis

3.3 Market drivers

3.3.1 Replacement of by products reducing the feeding cost

3.3.2 Changing food habits and rising meat consumption

3.3.3 Economic benefits of forage seed

3.4 Market restraints

3.4.1 Rising demand for substitutes

3.5 Market opportunities

3.5.1 Increasing demand for organic products

3.6 Market attractiveness by type

3.7 Major players

Chapter 4 Global Forage Seed Market Analysis, by Product Type

Chapter 5 Global Forage Seed Market Analysis, by Livestock Type

Chapter 6 Global Forage Seed Market Analysis and Forecast, by Geography

Chapter 7 Company Profiles

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

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