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Forage Seeds Market Global Industry Share with Latest Innovations Economic Growth Outlook, market Challenges, Regional Status and Segments Forecast 2030

09-27-2024 06:52 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

The Forage Seeds Market is expected to grow from US$ 12,757.00 million in 2022 to US$ 19,755.46 million by 2030; it is expected to record a CAGR of 5.6% from 2022 to 2030.

People are becoming more conscious about their health; thus, they prefer consuming organic food as it does not contain pesticides. Organic milk and meat are richer in nutrients such as enzymes, bioflavonoids, and antioxidants. Hence, people prefer organic food and organic meat over inorganic. This has led to the demand for organic feed to supply organic meat to consumers. Dairy farms, the poultry sector, and animal husbandry have focused on purchasing high-quality organic forage feed due to the growing demand for organic meat and dairy products.

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Analysis of the Top Market Players:

1. UPL Ltd
2. DLF Seeds AS
3. Corteva Inc
4. Limagrain UK Ltd
5. S&W Seed Co
6. Deutsche Saatveredelung AG
7. Cerience
8. Allied Seed LLC
9. MAS Seeds SA
10. Syngenta AG.

In this report, the market has been segmented on the basis of:

Type [Alfalfa, Clover (White, Red, Hybrid, and Others)
Ryegrass (Annual Ryegrass, Perennial Ryegrass, Italian Ryegrass, and Hybrid Ryegrass),
Timothy, Sorghum, Brome, Birdsfoot Trefoil, Cowpea, Meadow Fescue, and Others]
Category (Organic and Conventional)
Livestock (Ruminants, Poultry, Swine, and Others)

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Conventional feed often contains high amounts of chemicals that hamper meat quality when consumed by animals. Long-term consumption of such meat results in various health disorders. To overcome this issue, manufacturers are developing organic feed that contains no chemical additives. Animals feeding on such feed offer meat that has high nutritional value. Thus, consumers often find organic and natural products as healthier alternatives to conventional products. Consumers are mainly inclined toward organic products, which has encouraged manufacturers to invest heavily in products produced with organic constituents. Furthermore, the more accessible access to infinite information with the help of the internet has made consumers increasingly aware of their health needs, leading to the increasing demand for organic feed. Thus, a rising preference for organic feed is expected to become a significant trend in the forage seeds market during the forecast period.

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