Forage Seed Market Poised for $44.2 Billion Growth by 2031 with 7.02% CAGR: Analysis of Key Segments and Regional Insights

According to a new report published by Allied Market Research, titled, "Forage Seed Market," The forage seed market was valued at $22,808.23 million in 2021, and is estimated to reach $44,186.14 million by 2031, growing at a CAGR of 7.02% from 2022 to 2031.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/1900

Forage seeds are the edible parts of plants widely utilized for livestock feeding. Alfalfa, clover, chicory, ryegrass, lablab, and fescue are some of the popular forage seeds in the global market. They are available at a lower price compared to other feeds, such as wheat bran and oil seed. These forage seeds are supplied to seed cultivators and conditioners for further processing and conditioning to get purified seeds with increased level of protein and energy. The demand for forage seed is majorly driven by their high nutrient content, which helps to improve lactation, reproduction, and health of livestock. In addition, forage seeds are widely used to enhance milk production globally. Economic benefits associated with cultivating forage seeds include improving soil health and business flexibility. These are further expected to drive the forage seed market. Irregular seed germination cycle, lack of favorable government policies for cereal crops, and insufficient funding in forage research are expected to hamper the market growth. Forage seed production does not involve addition of synthetic fertilizers and pesticides for growth and protection of forage crops. Forage-fed animals give healthier meat, and helps avoid obesity, cholesterol, cancer, fats, and hypertension. Thus, rise in demand for organic meat to maintain a healthy lifestyle creates lucrative opportunities for the forage seed market.

The product type alfalfa accounted for the highest share of the forage seed market in terms of revenue. The demand for alfalfa is on the rise due to its use in treating cholesterol, asthma, osteoarthritis, rheumatoid arthritis, diabetes, upset stomach, and thrombocytopenic purpura. It is also a rich source of vitamins A, C, E, and K4 and minerals such as calcium, potassium, phosphorous, and iron. This in turn is expected to offer lucrative opportunities to the alfalfa market during the forecast period. Increase in need for healthy animals coupled with growth in demand for organic meat, eggs, and milk is estimated to boost the market during the forecast period.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/1900

The Forage Seed Market Analysis is segmented into product type, livestock, species and region. Based on product, the forage seed market is segmented into clover, chicory, ryegrass, alfalfa, and others. Based on livestock, the market is segmented into cattle, swine, poultry, and others. Based on species, the market is segmented into legumes and grasses. Furthermore, the Forage Seed Market Growth is segmented by region into North America, Europe Asia-Pacific, and LAMEA.

Key Findings of the Study

By product type, the alfalfa segment was leading the global Forage Seed Market Size, owing to its high protein content and highly digestible fiber, and also for beef cattle, horses, sheep, and goats. Clover product type is also another leading segment for forage seed market as it is used to improve soil quality and reduce the need for artificial fertilizers.

By livestock, poultry segment dominated the global Forage Seed Market Forecast, owing to increasing demand for organic meat. The demand for livestock products in the future is expected to increase due to socio-economic factors such as human health concerns and changing socio-cultural values.

By species, legumes segment is the major category in terms of value; however, grasses segment is expected to be the fastest growing segment during the forecast period.

By region, North America led in terms of the forage seed industry share in 2021, and is expected to retain its dominance during the forecast period.

𝐌𝐚𝐤𝐞 𝐚 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/checkout-final/6f81f3291e008634ec98ff0644fd00a0

Leading Market Players: -

• Allied Seed, LLC.

• Brett Young

• BASF SE

• Dynamic Seeds Ltd.

• Central Garden and Pet Company

• Barenbrug Seed Company

• Northstar Seed Ltd.

• Hancock Farm and Seed Co. Inc.

• Fosters Seed and Feed Ltd.

• Dow AgroSciences, LLC

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Fish Gelatin Market- https://alliedmarketresearch.com/fish-gelatin-market-A13719

Phospholipid Market- https://www.alliedmarketresearch.com/phospholipid-market-A13115

Savory Ingredients Market- https://www.alliedmarketresearch.com/savory-ingredients-market

Protein Ingredients Market- https://www.alliedmarketresearch.com/protein-ingredients-market-A07178

Organic Cassava Starch Market- https://www.alliedmarketresearch.com/organic-cassava-starch-market-A298861

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.