Press release
Major companies operating in the forage seeds are focused on developing innovative solutions such as cover crops and forage mixtures product ranges.
Forage Seeds Market Size
The anticipated rise in livestock numbers over the coming years is predicted to spur the forage seeds market's expansion. Livestock refers to terrestrial animals that have been domesticated and are bred for various products and services such as meat, milk, eggs, skins, fibers, and feathers, along with traction. Forage crops, rich in vitamins, proteins, and fiber, boost the metabolic efficiency of animals. They also have a high mineral content that supports bone development, creation of eggshells, fluid balance, and hormone production in chickens. For instance, the Australian Bureau of Statistics, a governmental agency based in Australia, reported in August 2024 that the beef production in the June 2024 quarter increased by 2.8% to 626,781 metric tons. Thus, the growth of the forage seed market is expected to be fueled by the imminent rise in the livestock population.
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What growth opportunities are expected to drive the forage seeds market's CAGR through 2034?
In recent times, the forage seeds market has seen dramatic growth. The value is projected to increase from $18.24 billion in 2024 to $19.97 billion in 2025, presenting a compound annual growth rate (CAGR) of 9.5%. This surge in the historic period is mainly due to expansion in the livestock and dairy sector, increased silage production, environmental preservation initiatives, governmental assistance and subsidies, and concerns related to animal health and performance.
In the coming years, the forage seeds market is projected to experience significant expansion. The market worth is forecasted to reach $29.44 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 10.2%. This projected growth within the stipulated timeframe can be linked to factors such as an increase in global population, higher affluence and protein intake, development of varieties that are resilient to climate changes, the cultivation of forage crops that require less water, as well as international trade opportunities. Leading trends within this forecast period include the production of forage varieties that are resistant to drought, the development of legume forage types, the utilization of biotechnology for trait augmentation, the use of forage mixtures for biodiversity improvement, as well as resistance to diseases and pests in forage crops.
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What are the emerging trends shaping the future of the forage seeds market?
Prominent companies in the forage seeds market are focusing on the creation of innovative solutions, specifically product ranges of cover crops and forage mixtures. These product ranges are essentially an assortment of agricultural products that fuse cover crops with forage plants to create mixtures designed for specific applications including soil enhancement, erosion management, and providing feed for animals within agricultural setups. For example, in September 2023, the hybrid seed manufacturer based in France, MAS Seeds, unveiled their 'MAS4' range. It consists of cover crops, blends of forage, and specialized mixtures. The roster of products includes the MAS4 COVER crop segment aimed at agronomic uses, MAS4 NUTRI forage mixtures, the MAS4 ENERGY mixtures designed for biogas manufacturing, and MAS4 EXPERT blends specifically for beekeepers and vineyard owners.
Which growth-oriented segments of the forage seeds market are leading the industry's development?
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
Subsegments:
1) By Alfalfa: Pure Alfalfa Seed, Alfalfa Blends
2) By Clover: Red Clover, White Clover, Sweet Clover
3) By Ryegrass: Perennial Ryegrass, Annual Ryegrass
4) By Chicory: Forage Chicory, Seeded Chicory
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What regions are leading the charge in the forage seeds market?
North America was the largest region in the forage seeds market in 2024. 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.
What companies are at the forefront of innovation in the forage seeds market?
Major companies operating in the forage seeds market include 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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What Is Covered In The Forage Seeds Global Market Report?
•Market Size Forecast: Examine the forage seeds market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the forage seeds market for a structured understanding.
•Key Players Overview: Analyze major players in the forage seeds market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the forage seeds market.
•Segment Contributions: Evaluate how different segments drive overall growth in the forage seeds market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the forage seeds market.
•Industry Challenges: Identify potential risks and obstacles affecting the forage seeds market.
•Competitive Landscape: Review strategic developments in the forage seeds market, including expansions, agreements, and new product launches.
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