Global Forage Seeds Market by livestock type, by plant type, and by Region

The Global Forage seed market is expected to reach USD 15.85 billion in 2021 by growing at a CAGR of 8.3%, from USD 10.64 billion in 2016.
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Forage includes plants which are consumed by the grazing livestock and even some wildlife animals. Forage plants include chicory, Ryegrass, Alfalfa, Timothy, Clover, Bent grass, Birdsfoot trefoll etc. Firstly, forage seeds are obtained from the forage plants and then supplied to the seed grower for further processing to obtain the purified seeds with maximum potential.

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The demand for forage seeds has increased due to emerging livestock feed sector. Livestock feed production is high in demand which is fulfilled by these seeds. In addition to that Low price of the seeds as compared to other oil seed or wheat bran, is majorly driving the market. However, The currently available forage seeds are low in protein and minerals which reduce their demand to some extent.

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Mainly the market is segregated in terms of livestock type, namely, cattle, swine/pork, poultry and others (Including aquaculture etc.). Poultry segment holds the largest share in the market, poultry farms are concentrating on quality seeds for better productivity as the demand for meat and eggs is increasing. Classification is also done based upon the plant type into chicory, ryegrass, clover, alfalfa and others (Including lablab, fescue etc.). Among these alfalfa segment is the largest contributor to the market.
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Geographically the market is divided into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America is the largest forage seed market globally and increasing demand has enhanced the market growth. Though Asia Pacific is a smaller market as compared to the developed regions, it is expected to witness a healthy growth. China leads the Asia Pacific market and is anticipated to maintain its superiority.

Prominent players dominating the forage seeds market are Hancock Farm & Seed Co., Golden Acre Seeds, Dynamic Seeds Ltd., Northstar Seed Ltd., Brett young, Moore Seed Processors, Foster’s Seed and Feed, Allied Seed, LLC, BASF SE and Dow AgroSciences LLC.

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