Forage Seed Market Share, Demand, Trends And Forecast 2023-2028

The latest report by IMARC Group, titled “Forage Seed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”. offers a comprehensive analysis of the industry, which comprises insights on the global forage seed market share. The global market size reached US$ 17.17 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.49 Billion by 2028, exhibiting a growth rate (CAGR) of 9% during 2023-2028.

Forage seeds are specifically cultivated to provide livestock, such as cattle, horses, and sheep, with a balanced and nutrient-rich diet. They serve as a valuable source of protein, fiber, and other vital nutrients essential for proper animal growth and development. They can enhance and sustain soil health as producers do not depend on artificial fertilizers and pesticides in forage seed cultivation. In the production of forage seeds, a cover crop mix is employed to manage soil health. These cover crops shield the soil, improve its structure, boost organic matter, and secure and retain nutrients for the benefit of forage crops. They are broadly utilized in the livestock industry to maintain the health and welfare of animals. Furthermore, forage legumes can enhance soil fertility and prevent erosion. These seeds can be sown individually or mixed with other forage crops to supply livestock with a diverse and balanced diet. At present, numerous variants of forage seeds are available in the market across the globe, including alfalfa, clover, ryegrass, and fescue, each possessing distinct characteristics and advantages.

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Forage Seed Market Trends and Drivers:

The global forage seed market is primarily driven by the escalating demand for animal protein and meat products due to the expanding population, rapid urbanization, and inflating consumer disposable incomes. Moreover, the shifting consumer inclination toward sustainable agriculture practices, which involve using forage crops to enhance soil health and reduce chemical fertilizer use owing to the growing environmental concerns, is positively influencing the market growth. Apart from this, numerous technological advancements, such as the development of genetically modified forage crops to boost yields, improve disease resistance, and enhance nutritional value, have catalyzed market growth. Along with this, the implementation of precision agriculture techniques, such as GPS mapping and variable rate technology, to enhance the efficiency of forage seed production is propelling market growth. Additionally, the rising use of forage crops, such as switchgrass and miscanthus, in biofuels and the widespread usage of clover and alfalfa in landscaping applications due to their nitrogen-fixing capabilities and their ability to improve soil health is another major growth-inducing factor. Besides this, key players are investing in improving seed quality, which in turn has accelerated the product adoption rate. Furthermore, the rising consumption of meat and dairy products made from milk is contributing to the market growth. Other factors, including the rising number of poultry and animal farms, increasing consumer awareness about livestock nutrition, rapid growth in the livestock industry, and escalating demand for organic and nutrient-rich animal feed, are also anticipated to drive the market further.

What is included in market segmentation?

The report has segmented the market into the following categories:

Product Insights:

• Alfalfa
• Clover
• Ryegrass
• Chicory
• Others

Livestock Insights:

• Poultry
• Cattle
• Pork
• Others

Species Insights:

• Legumes
• Grasses

Market Breakup by Region:

• North America (United States, Canada)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Advanta Seeds (UPL Limited)
• Allied Seed LLC (Growmark Inc.)
• Ampac Seed Company
• Brett-Young Seeds Limited
• Corteva Agriscience 
• Dlf Seeds A/S (Dansk Landbrugs Frøselskab Amba)
• KWS SAAT SE Co. KGaA
• RAGT Semences (RAGT Group)
• Royal Barenbrug Group
• SW Seed Co.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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