Global Forage Seeds Market 2017 Industry Size, Research, Trends, Review & Analysis to 2023

Market Synopsis of Forage Seeds Market:

Market Definition:
Forage is a plant material that majorly includes plant leaves and stems which is used by grazing livestock. Forage seeds are plants or other plant parts used for feeding poultry, livestock cattle, swine and other animals. Forage seeds have numerous advantages which includes, increased yield in successive crops, improved internal drainage and others. Also, forage seeds do not use synthetic fertilizers and pesticides, thus helping in improving the soil quality. Commonly available forage seeds in the market are alfalfa, maize, oats, clover, pearl millet, grasses and others.

 Market Scenario
Rising awareness about livestock health and inclination towards natural animal feed has intensified the demand for forage seeds in animal feed preparation. Furthermore, increasing livestock population and reduction in the grazing land area are considered the major driving factors for the growth of forage seeds market. Additionally, economic benefits associated with the cultivation of these seed such as, prevention of soil erosion and improvement of soil quality has allowed farmers to switch to forage cultivation.

Furthermore, increased demand for organic food in food, beverage, and poultry industry owing to rise in the health awareness among the population is likely to increase the global forage seeds market over the review period. Also, forage seeds used in feed formulation have added health benefits to livestock health associated with its consumption, which has uplifted the demand for forage seeds in feed & fodder industry. However, unwillingness of farmers to pay for high quality seeds, time consuming cultivation, as well as the changing climatic and soil conditions is likely to hinder the market growth over the forecast period.

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 Key Findings:

Forage seeds have a huge opportunity in poultry and livestock industry
Forage seeds serves as good source of protein, fiber, and energy to the livestock, which helps in costs-reduction incurred on supplements and other protein sources
Segments:
Forage seeds market is segmented by crop type such as legumes, grasses, cereals and others. Among all, legumes is dominating the market followed by grasses. Alfalfa, which is a herbaceous legume contains nearly 15-22% crude protein and vitamins. Owing to high amount of protein and vitamins it is primarily used for feeding livestock such as cattle, goats, sheep, and other animals.

On the basis of livestock, the forage seeds are segmented into cattle, swine, poultry, ruminant and others. The cattle accounts for the highest consumption of the forage seeds. The foremost reason for the growth of this segment is its use in cattle feed owing to increase in the milk quantity and improved immunity of the livestock. However, its consumption by swine is witnessing high growth over the forecast period.

Regional Analysis:
The global forage seeds market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Europe is dominating the forage seeds market followed by North America. In Europe, Germany and U.K are the major contributors of poultry products, which, in turn, boost the market growth in this region. Furthermore, availability of large grazing land for animals and cultivating land for fodder production is giving a push to the growth of the forage seeds market.

Moreover, increasing demand for organic food, dairy and poultry products in developing countries like India and China are likely to boost the growth of forage seed market during the assessment period. Furthermore, government initiative for promoting the use of forage seeds in animal feed is likely to raise the growth of forage seeds market.

Key Players:
Some of the key players profiled in the global forage seeds market are: Monsanto Company (U.S.), DOW Agrosciences LLC (U.S.), Advanta Seeds Limited (India), Land O Lakes Inc. (U.S.), Barenbrug Holding B.V. (the Netherlands), E.I. du Pont de Nemours and Company (U.S.), Allied Seed, LLC (U.S.), Northstar Seed Ltd. (Canada), Dynamic Seeds Ltd. (Thiland), Ampac Seed Co. (U.S.).

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In Market Research Future we enable our customers to unravel complexity of various industry through our Cooked Research Report (CRR), Half Cooked Research Report (HCRR), Raw Research Report (3R), Continuous-Feed-Research (CFR), and Market Research & Consulting Services.
MRFR team has a supreme objective of providing optimum quality of market research and intelligence services to our clients. Our market research studies by product, services, technology, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, do more which help to answer all their most important questions.

This release was published on openPR.