Press release
Forage Seeds Global Market 2024 - By Size, Drivers, Trends, Competitors And Forecast To 2033
The new report published by The Business Research Company, titled ""Forage Seeds Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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