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Forage Seeds Market Size, Share, Demand, Trends, Industry Analysis, Statistics worldwide 2023-2032| Monsanto Company, Land O'Lakes, Advanta Seeds Pty Ltd., Brett-Young Seeds Limited, Barenbrug Holding B.V.
Forage Seeds Market Outlook
The Business Research Company's Forage Seeds Global Market Report 2023 identifies The increase in livestock population as the major driver for the forage seeds market's growth in the forecast period. Livestock is domesticated terrestrial animals that are raised for a variety of commodities and services such as traction, meat, milk, eggs, skins, fibers, and feathers. Forage crops are high in vitamins, fiber, and proteins, which help animals' metabolic efficiency. Mineral-rich forage crops aid bone growth, eggshell creation, fluid balance, and hormone generation in chickens.
The global forage seeds market size grew from $15.35 billion in 2022 to $17.02 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The forage seeds market is then expected to grow to $23.98 billion in 2027 at a CAGR of 8.9%.
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Major competitors in the forage seeds market are Monsanto Company, Land O'Lakes, Advanta Seeds Pty Ltd., Brett-Young Seeds Limited, Barenbrug Holding B.V., Allied Seed LLC, AG Reliant Genetic, BASF SE, DLF Seeds, Dow AgroSciences LLC, Heritage Seeds Private Limited, S&W Seed Company, Wolf Seeds do Brasil Ltda., Blue River Hybrids, and Germinal GB Ltd.
A key trend in the forage seeds market includes The introduction of premier forages. Major companies operating in the forage seeds sector are focused on introducing premier forages to meet consumer demand and reinforce their position. For instance, in July 2020, Alta Seeds, an Argentina-based company that produces hybrid seeds launched Empyr Premier Forages, a new series of sudangrass, sorghum-sudan hybrids, and forage sorghum. EMPYR Premier Forages are hybrids that excel and outproduce on the farm and in the feed. For specialized grazing and silage demands, EMPYR Premier Forages offers the latest genetic improvements built on a wide array of hybrid kinds.
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The forage seeds market is segmented -
• By Type: Alfalfa, Clover, Ryegrass, Chichory
• By Live Stock: Cattle, Swine, Poultry, Ruminant
• By Origin: Organic, Inorganic
• By Species: Legumes, Grasses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the forage seeds market.
The Business Research Company's "Global Forage Seeds Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Forage Seeds Market Include:
1. Executive Summary
2. Forage Seeds Market Characteristics
3. Forage Seeds Market Trends And Strategies
4. Forage Seeds Market - Macro Economic Scenario
5. Forage Seeds Market Size And Growth
……
26. Africa Forage Seeds Market
27. Forage Seeds Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Forage Seeds Market
29. Forage Seeds Market Future Outlook and Potential Analysis
30. Appendix
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