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Key Trends Reshaping the Pasture Seeds Market: Innovative Forage Sorghum Varieties Driving The Pasture Seeds Market Industry Transformation
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Pasture Seeds Market Size Growth Forecast: What to Expect by 2025?
The size of the market for pasture seeds has significantly expanded in the past few years. The market, which is projected to jump from $14.52 billion in 2024 to $15.77 billion in 2025, would witness a compound annual growth rate (CAGR) of 8.6%. The surge observed during the historical period is due to factors such as higher domestication of aquatic livestock, increased intake of dairy products, the development of different types of pasture seeds, a focus on improved animal nutrition, and growth in pasture-based farming activities.
How Will the Pasture Seeds Market Size Evolve and Grow by 2029?
The market size of pasture seeds is anticipated to witness robust growth over the next few years. It is poised to reach $21.39 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.9%. The expected growth can be accredited to the rising demand for meat and eggs, enhancement in high-quality forage, growing preference for organic products, increased usage of biofuels, and a surge in animal feed. Key trends projected during this period involve progress in seed technology, organic and sustainable farming techniques, advancements in biotechnology, digital technologies and introduction of new pasture seed varieties.
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What Drivers Are Propelling the Growth of Pasture Seeds Market Forward?
The escalating inclination towards organic goods is anticipated to fuel the expansion of the pasture seeds market in the future. Organic items are those developed in a manner that is both environmentally responsible and humane to animals, avoiding the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). This escalating inclination towards organic goods is attributed to consumer anxiety over health, environmental sustainability, and food safety. Pasture seeds play a crucial role in organic agriculture as they produce nutritious, chemical-free fodder for livestock, thereby promoting eco-friendly and health-centric farming methods. For instance, as per the Department for Environment, Food, and Rural Affairs, a government department based in the UK, in May 2023, the span dedicated to organically cultivated cereal crops saw a growth of 6.2%, reaching 49 thousand hectares in 2022, whereas the area devoted to organically cultivated vegetables (including potatoes) rose by 4.8% to 10 thousand hectares in comparison to 2021. Hence, the escalating inclination towards organic goods is propelling the expansion of the pasture seeds market.
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What Trends Will Shape the Pasture Seeds Market Through 2029 and Beyond?
Significant businesses in the pasture seeds sector are focusing their attention on technological breakthroughs, such as the development of advanced forage sorghum varieties, as a means of gaining a competitive advantage in the market. Double Team Forage Sorghum, a variety that is high-yielding, drought-resistant, and nutritionally rich, is designed to aid in raising livestock productivity while promoting responsible pasture management through benefits like enhanced digestibility, taste, and water productivity. For example, in May 2024, S&W Seed Company, a US-based agricultural corporation, debuted its Double Team Forage Sorghum. This product, aimed at boosting the productivity of livestock and facilitating sustainable pasture management, is a high-yielding, drought-resistant, and nutritious forage sorghum variety. It boasts better digestibility, heightened palatability, and superior water use efficiency, making it an appealing choice for farmers and ranchers wanting to augment their pasture-oriented operations.
What Are the Key Segments in the Pasture Seeds Market?
The pasture seeds market covered in this report is segmented -
1) By Type: Brachiaria, Alfalfa, Panicum, Mombaca Grass, Andropogon, Coastcross, Bermuda Grass, Brome Grass, Fescue, Other Types
2) By Species: Legumes, Grasses
3) By Animal Type: Pork, Horse, Cow, Goat, Sheep, Other Animal Types
4) By End-Use: Dairy Farming, Beef Cattle Farming, Sheep Farming, Goat Farming, Other End Users
Subsegments:
1) By Brachiaria: Brachiaria Decumbens, Brachiaria Brizantha, Brachiaria Humidicola
2) By Alfalfa: Conventional Alfalfa, Genetically Modified Alfalfa
3) By Panicum: Panicum Maximum, Panicum Coloratum
4) By Mombaca Grass: Mombaca Grass For Tropical Regions, Mombaca Grass For Subtropical Regions
5) By Andropogon: Andropogon Gayanus, Andropogon Ternatus
6) By Coastcross: Coastcross-1, Coastcross-2
7) By Bermuda Grass: Common Bermuda Grass, Hybrid Bermuda Grass
8) By Brome Grass: Smooth Brome Grass, Mountain Brome Grass
9) By Fescue: Tall Fescue, Fine Fescue, Meadow Fescue
10) By Other Types: Ryegrass, Timothy Grass, Kikuyu Grass
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Who Are the Key Players Shaping the Pasture Seeds Market's Competitive Landscape?
Major companies operating in the pasture seeds market are BASF SE, Bayer AG, Nutrien Ltd., Syngenta Group, Growmark Inc., Corteva Inc., Nufarm Limited, DLF Seeds A/S, Simplot Australia Pty Ltd., PGG Wrightson Seeds, Deutsche Saatveredelung AG, Brett-Young Seeds Limited, S&W Seed Company, Pennington Seed Inc., Allied Seed LLC, Semillas Batlle SA, Royal Barenbrug Group, RAGT SA, Hancock Seed Company Inc., Tropical Seeds LLC, Openfolde Limited, Hurrells Seeds Ltd.
What Geographic Markets Are Powering Growth in the Pasture Seeds Market?
North America was the largest region in the pasture seeds market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pasture seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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