Asia Pacific Forage Seed Market Size, Share & Industry Trends Analysis Report By Species (Legumes and Grasses), By Product, By Livestock (Poultry, and Cattle), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Forage Seed Market would witness Market growth of 7.5% CAGR during the forecast period (2022-2028).
Improved business flexibility and soil health are two of the financial advantages of growing fodder seeds. The fodder seed business is projected to benefit from this as well. Forage-fed animals produce better meat and aid in the prevention of obesity issues, cancer, cholesterol, hypertension, and fats. As a result, the growing demand for organic meat to ensure a healthy lifestyle opens up the profit potential for the forage seed industry.
In agriculture, the need for nutritional requirements of farm animals has grown, which can be met by using natural forage seeds. Feed nutritional quality is influenced by a range of characteristics, including feed hygiene, presentation, digestibility, and impacts on intestinal health, in addition to nutritional content. Thus, nutrient deficits in cattle can be remedied by feeding them forage feed that maintains the pace of growth, health, and well-being of the animals. People are becoming more health-conscious and organic food, which does not include pesticides, is becoming more popular.
With the rising demand for milk and other kinds of dairy products, several countries in the region are focused on developing novel fodder kinds, higher-yielding grasses, and encouraging the production of crops like alfalfa, sorghum, and maize. The dissemination of novel seeds and the establishment of nurseries were sponsored by governments and other connected bodies. In addition, due to expanding demand for dairy products & a rising population, China holds a significant proportion of the forage production of the Asia-Pacific region. Milk, cheese, yogurt, and other dairy products are being consumed more widely in this region, which can be linked to a growing understanding of the nutritional advantages of milk and its products.
The China Market dominated the Asia Pacific Forage Seed Market by Country 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $2,845.4 million by 2028. The Japan Market is anticipated to grow at a CAGR of 6.9% during (2022 - 2028). Additionally, The India Market would exhibit a CAGR of 8.1% during (2022 - 2028).
Based on Species, the Market is segmented into Legumes and Grasses. Based on Product, the Market is segmented into Alfalfa, Clover, Ryegrass, Chicory, and Others. Based on Livestock, the Market is segmented into Poultry, and Cattle, and Others. Based on countries, the Market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include BASF SE, Land O'Lakes, Inc., Central Garden & Pet Company, Corteva, Inc. (Dow AgroSciences LLC), United Phosphorus Ltd. (Advanta Seeds), The Royal Barenbrug Group, Ampac Seed Company, Allied Seed, L.L.C., Hancock Farm & Seed Co., and BrettYoung Seeds Limited.
Scope of the Study
Market Segments Covered in the Report:
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Land O'Lakes, Inc.
- Central Garden & Pet Company
- Corteva, Inc. (Dow AgroSciences LLC)
- United Phosphorus Ltd. (Advanta Seeds)
- The Royal Barenbrug Group
- Ampac Seed Company
- Allied Seed, L.L.C.
- Hancock Farm & Seed Co.
- BrettYoung Seeds Limited
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