The Global Forage Seed Market size is expected to reach $35.4 billion by 2028, rising at a Market growth of 6.9% CAGR during the forecast period.
Forage seeds are the edible sections of plants that are commonly used to feed cattle. Alfalfa, chicory, clover, ryegrass, fescue, and lablab are some of the most widely used forage seeds in the world. When compared to other feeds like oilseeds and wheat bran, they are less expensive. Seed conditioners and cultivators receive these forage seeds for further processing and conditioning, resulting in purified seeds with higher protein & energy levels. Forage seed is in high demand because of its high nutrient content, which aids in lactation, reproduction, and cattle health. Furthermore, forage seeds are extensively utilized to boost milk output. Pasturage, silage, hay, and green chop are examples of digestible material, as opposed to roughage, which is less digestible. In practice, although, the term is frequently extended to woody plants that produce succulent growth, and some trees and shrubs in the tropics play an important role in this regard. Forage crops can be planted in cuts or pastures and brought to the animals who will consume them.
The use of forage seeds in animal feed preparation has expanded due to rising awareness of livestock health and a rising preference for natural and organic animal feed. Manufacturers are being encouraged to add forage seeds in feed preparation for animals due to the growing popularity of organic meat & meat products. The global forage seed Market is likely to be driven by rising meat and poultry consumption in the future years. For example, as per the United Nations' Food and Agriculture Organization (FAO), global annual meat consumption per capita is anticipated to reach 35 kg retail weight equivalent (r.w.e.) by 2025, up from 1.3 kg (r.w.e.) from 2014. Animals can eat fodder that has been processed or treated, like dried biomass or hay, or seeds that has been foraged on grazing land.
Moreover, if backyard forage cultivation and growing enhanced forages are generally adopted in the dairy business, where feed shortages are a considerable problem, cultivating feed supplies is achievable. In addition, the availability of high-quality forage seed in sufficient numbers is a critical aspect in improving forage production and increasing livestock output around the world. For example, Grassland Oregon debuted the FIXatioN Balansa & Frosty Berseem clovers in December 2017. The new kinds can resist temperatures as low as -26 degrees Celsius and -5 degrees Celsius, respectively.
In several nations, the outbreak of the COVID-19 pandemic has had an impact on the industry. Because of regulation and restrictions on people's mobility through borders & lockdowns, agriculture, which has a high seasonal labour requirement, is experiencing labour shortages. For example, by 2021, travel restrictions inside the European Union, as well as the closure of the Schengen Area, will have drastically limited the amount of available labour in European countries' agricultural industries. Moreover, the forage seed industry is experiencing distribution network disruptions and raw material shortages.
The demand for various food products across the world has risen as a result of a growing population and recent increases in consumer income. Also, the demand for milk and milk products is significantly increasing, due to which, the livestock industry all over the world is rapidly. The global intake of animal products like meat and milk is rising, owing to expanding awareness of the health advantages of milk and the surging demand for protein-rich products across the sports industry. Moreover, farmers choose top-quality pasture for their livestock to produce high-grade goods. As per the Food Agriculture Organization (FAO), between 2015 and 2030, the annual growth of the dairy and meat Market s in developing nations is expected to be 2.1 percent and 2.3 percent, respectively.
As per the World Health Organization, increased disposable income is directly linked to meat intake in emerging economies. Meat consumption is linked to a variety of health benefits, including higher protein and macro nutrient intake. The consumption of meat has grown as a result of increasing income. Meat consumption has increased in various developed and developing countries over past few years. Moreover, rising health awareness among people is expected to boost the worldwide forage seeds Market throughout the forecast period, resulting in higher demand for organic food in the beverage, food, and poultry industries.
One of the most significant obstacles in forage seeds harvesting is the scarcity of high-quality feeds & forages. As a result, animal performance suffers and resources are used inefficiently. In addition to a paucity of high-quality forages, forage planting materials, such as vegetative and seed material, are scarce to provide producers with enhanced forages suited to various ecologies & agricultural contexts. With insufficient forage seed research, a basic lack of reliable forage seed production, processing, and distribution schemes, badly developed seed Market ing systems, and lesser engagement of private seed businesses, the forage seed value chain is becoming poor and frequently dysfunctional.
Based on Species, the Market is segmented into Legumes and Grasses. The Grasses segment garnered substantial revenue share of the forage seed Market in 2021. Grazed pastures, cut fodder, and harvested seed crops are all examples of forage grasses, generally from dual-purpose food and feed crops.
Based on Product, the Market is segmented into Alfalfa, Clover, Ryegrass, Chicory, and Others. The Alfalfa segment acquired the highest revenue share of the forage seed Market in 2021. The usage of alfalfa in the treatment of asthma, cholesterol, rheumatoid arthritis, osteoarthritis, diabetes, thrombocytopenic purpura, and unsettled stomach is increasing its demand. Vitamins A, E, C, and K4 are abundant, as minerals including potassium, calcium, phosphorus, and iron. This is likely to provide profitable prospects for the alfalfa Market . Moreover, Alfalfa is valued by producers for its good yields, wide adaption, disease resistance, and excellent feeding quality. Furthermore, the demand for healthy animals along with the demand for eggs, organic meat, and milk is accelerating all over the world, due to which, the employment of forage seeds would rise in the forecast period.
Based on Livestock, the Market is segmented into Poultry, and Cattle, and Others. The Cattle segment procured substantial revenue share in 2021. The key reasons for the increased use of forage seeds in cattle feed preparation are to enhance milk quantity and quality, as well as to improve livestock immunity. The inclusion of forage seed in cattle feed preparation is intended to improve the cattle's performance and production. Furthermore, forage seeds aid in the production of more milk and strengthen the immunological system of cattle. The quality of meat and milk products is closely related to the quality of the animal feed; therefore, increasing the amount of forage seed added to cattle feed and boosting forage seed production is essential. This factor is expediting the demand for forage seed across the world.
Report Attribute | Details |
---|---|
Market size value in 2021 | USD 22.4 Billion |
Market size forecast in 2028 | USD 35.4 Billion |
Base Year | 2021 |
Historical Period | 2018 to 2020 |
Forecast Period | 2022 to 2028 |
Revenue Growth Rate | CAGR of 6.9% from 2022 to 2028 |
Number of Pages | 189 |
Number of Tables | 360 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
Segments covered | Species, Product, Livestock, Region |
Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
Growth Drivers |
|
Restraints |
|
Based on Regions, the Market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2021, North America accounted for the largest revenue share of the forage seed Market . The rise of the regional forage seed industry is fuelled by favourable meteorological conditions and rising international & domestic demand. North America is now the world's largest forage seed industry, with Alfalfa being the most traded seed across all categories. This is due to increasing dairy product usage and customer preference for organic feed, as well as an increased requirement for forage seeds. In addition, reducing the amount of land used to feed animals boosts alfalfa production, which drives the growth of the forage seed Market .
Free Valuable Insights: Global Forage Seed Market size to reach USD 35.4 Billion by 2028
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.
By Species
By Product
By Livestock
By Geography
The global forage seed market size is expected to reach $35.4 billion by 2028.
Growing demand for animal products are increasing are driving the market in coming years, however, lack of technology and high-quality feeds and forages growth of the market.
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.
The expected CAGR of the forage seed market is 6.9% from 2022 to 2028.
The Legumes segment is the leading the Global Forage Seed Market by Species 2021, thereby, achieving a Market value of $25.6 billion by 2028.
The North America is the fastest growing region in the Global Forage Seed Market by Region 2021, and would continue to be a dominant Market till 2028.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.