North America 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 North America Forage Seed Market would witness Market growth of 6.4% CAGR during the forecast period (2022-2028).
Organic milk and meat contain more minerals and nutrients, including antioxidants, enzymes, and bioflavonoids. As a result, people prefer organic meat and organic food over inorganic food & meat. As a result, the demand for organic feed has increased in order to fulfil customer demands for organic meat. Due to the increased demand for organic dairy farms, meat, the poultry industry, and animal husbandry are increase their focus on obtaining high-quality forage feed.
In the coming years, the growing need for livestock & livestock products around the world as a result of population increase, rising incomes, and urbanization in both developed and developing nations is expected to propel the demand for fodder seed. Furthermore, the utilization of forage seeds can address various major issues, such as declining soil productivity, increasing soil damage, and limited crop yields across the world, which are depriving animal feed producers of both quantity and quality.
The United States is a major supplier of alfalfa hay to other countries, particularly the Middle East. As a result of this situation, the need for forage seeds in this region has increased. In addition, the rise in R&D activities by numerous companies across the country resulted in a rise in forage seed income. For example, AgReliant Genetics opened a research & testing expansion center in the Corn Belt in the north-western United States in May 2019, concentrating on corn hybrid production (silage). Forage crops provide a major share of the diet of beef cattle in Canada, and contribute a significant proportion of the total share of the diet of dairy cattle, increasing the demand for forage seeds. Mexico's domestic use of dairy products is increasing, notably dairy and cheese beverages, which are widely seen as nutritious meals by Mexicans.
The US Market dominated the North America Forage Seed Market by Country 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $9,367.8 million by 2028. The Canada Market is estimated to grow at a CAGR of 8.8% during (2022 - 2028). Additionally, The Mexico Market would showcase a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Forage Seed Market is Estimated to reach $35.4 Billion by 2028, at a CAGR of 15.1%
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include Microsoft Corporation, Hewlett-Packard Enterprise Company, IBM Corporation, Google LLC, Dell Technologies, Inc., Barracuda Networks, Inc. (Thoma Bravo), Veritas Technologies LLC (The Carlyle Group), Proofpoint, Inc., Mimecast Limited, and Smarsh, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Rest of North America
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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