Forage Seed Market Size, Share, Growth Analysis, 2032

Forage Seed Market: Industry Perspective

The global forage seed market size was worth around USD 4.40 billion in 2023 and is predicted to grow to around USD 10.06 billion by 2032 with a compound annual growth rate (CAGR) of roughly 9.74% between 2024 and 2032.

The report covers forecasts and analysis for the forage seed market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the forage seed market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the forage seed market on a global level.

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In order to give the users of this report a comprehensive view of the forage seed market, we have included a competitive landscape and an analysis of Porter's five forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.

Forage Seed Market: Growth Factors

Forage seeds are extensively used for feeding cattle, horses, dairy cows, goats, etc. The quality of meat & milk products mostly depends upon the quality of what is fed to the cattle. The quantity of milk can also be improved by better cattle feeding. Forge seeds provide proteins & other important nutrients thereby improving the health of the animals. The Asia Pacific is the fastest-growing market for forage seeds. The rising demand for animal feed from the region is one of the major driving factors for the forage seeds market.

Increased demand for dairy products coupled with a reduction in the available grazing land is another major driving factor for the market. Increasing awareness about the health benefits among farmers worldwide has made forage seed a preference. As of now, North America is the largest market for forage seed of which the U.S. occupies the largest market share. Also, major acquisitions are being made along with heavy investments so as to develop new products in the forage seed category. The low cost of forage seeds as compared to wheat, oilseed, etc. has been the reason for the huge demand for them.

The report provides a company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and product and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers the product portfolio of various companies.

Forage Seed Market: Segmentation Analysis

The study provides a decisive view of the forage seed market by segmenting the market based on type, livestock, origin, species, form, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Forage Seed Market: Report Scope

Forage Seed Market: Regional Analysis

The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. This segmentation includes demand for the forage seed market based on all segments in all regions and countries.

Forage Seed Market: Competitive Analysis

Industry players are mostly focusing on research and development activities and collaboration strategies. The global forage seed market is dominated by players like:

• Monsanto Company
• Land O’Lakes
• Advanta Seeds Pty Ltd.
• Brettyoung
• Barenburg Holdings B.V.
• Allied Seed
• LLC
• AMPAC Seed Co.
• and Imperial Seed Ltd. 

This report segments the global forage seed market as follows:

Global Forage Seed Market: Type Segment Analysis

• Alfalfa
• Ryegrass
• Chicory
• Clover

Global Forage Seed Market: Livestock Segment Analysis

• Poultry
• Cattle
• Swine

Global Forage Seed Market: Origin Segment Analysis

• Organic
• Inorganic

Global Forage Seed Market: Species Segment Analysis

• Legumes
• Grasses

Global Forage Seed Market: Form Segment Analysis

• Green
• Dry

Global Forage Seed Market: Regional Segment Analysis

• North America

  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa