Press release
Forage Seeds Market Report 2024-2033: Size, Share, Growth, Trends, Analysis, Outlook
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Forage Seeds Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $26.46 billion In 2028 At A CAGR Of 9.5% :
The forage seeds market size has grown strongly in recent years. It will grow from $16.79 billion in 2023 to $18.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to livestock and dairy industry growth, expanding silage production, environmental conservation, government support and subsidies, animal health and performance.
The forage seeds market size is expected to see strong growth in the next few years. It will grow to $26.46 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to global population growth, rising affluence and protein consumption, climate-resilient varieties, water-efficient forage crops, international trade opportunities. Major trends in the forecast period include drought-resistant forage varieties, legume forage varieties, biotechnology for trait improvement, forage mixtures for biodiversity, disease and pest resistance in forage crops.
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Forage Seeds Market Major Segments
The forage seeds market covered in this report is segmented -
1) By Type: Alfalfa, Clover, Ryegrass, Chicory
2) By Live Stock: Cattle, Swine, Poultry, Ruminant
3) By Origin: Organic, Inorganic
4) By Species: Legumes, Grasses
Key Driver - Livestock Boom Fuels Anticipation In The Forage Seeds Market
The increase in livestock population is expected to propel the growth of the forage seeds market over the coming years. 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. For instance, in September 2021, according to the Livestock and Products report shared by the USDA Foreign Agricultural Service, a US-based foreign affairs agency, the number of cattle in India's national herd is predicted to increase by 1.2 million head from the 2021 total to 306.7 million in 2022. Because dairy animals have had significant reproductive success, there has been an increase in the herd's size. This is attributable to a robust calf crop. Therefore, the increasing livestock population will drive the growth of the forage seeds market.
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Prominent Trend - Leading Forage Seed Companies Pioneer Innovative Cover Crops And Forage Mixtures
Major companies operating in the forage seeds are focused on developing innovative solutions such as cover crops and forage mixtures product ranges. Cover crops and forage mixtures product ranges refer to a variety of agricultural products that combine cover crops and forage plants in mixtures designed for specific purposes such as soil improvement, erosion control, and animal forage in agricultural systems. For instance, in September 2023, MAS Seeds, a France-based hybrid seed manufacturing company launched the 'MAS4' range. It comprises cover crops, forage blends, and specialized mixtures. The product range includes the MAS4 COVER crop segment for agronomic purposes, MAS4 NUTRI forage mixtures, MAS4 ENERGY mixtures for biogas production, and MAS4 EXPERT blends for beekeepers and grape growers.
Forage Seeds Market Players
Major companies operating in the forage seeds market report are BASF SE, Dow AgroSciences LLC, Land O'Lakes Inc., Monsanto Company, Foster's Seed and Feed, DLF Seeds A/S, Advanta Seeds Pty Ltd., AgReliant Genetics LLC, Seedway LLC, Blue River Hybrids, Brett-Young Seeds Limited, Pasture Genetics Pty Ltd., S&W Seed Company, Johnston Seed Company, La Crosse Seed, Germinal GB Limited, Forage First Ltd., Mountain View Seeds, Allied Seed LLC, Barenbrug Holding B.V, Heritage Seeds Private Limited, Northstar Seed Ltd., Pickseed Canada Inc., Landmark Seeds Ltd., Grassland Oregon Inc., Kings Agriseeds Inc., Green Valley Seed LLC, Imperial Seed Ltd., Prairie Creek Seed, Wolf Seeds do Brasil Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the forage seeds market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the forage seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Forage Seeds Market Report Structure
3. Forage Seeds Market Trends And Strategies
4. Forage Seeds Market - Macro Economic Scenario
5. Forage Seeds Market Size And Growth
…..
27. Forage Seeds Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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