Australia Forage Seed Market Report and Forecast 2024-2032

Australia Forage Seed Market Size

The Australia forage seed market was valued at USD 85.42 million in 2023. The market is further projected to grow at a CAGR of 6.2% between 2024 and 2032, reaching a value of USD 146.78 million by 2032.

Key Takeaways

• The Australia forage seed market is experiencing robust growth driven by the rising demand for high-quality animal feed. The region's tropical and subtropical climate provides favourable conditions for forage seed production, further making it a prominent market for cultivation and consumption.

• Key players in the market include Valley Seeds Pty Ltd., GenTech Seeds Pty Ltd., Selected Seeds Pty Ltd., Agf Seeds Pty. Ltd., Nufarm Ltd., and Naracoorte Seeds Pty Ltd, offering a wide range of forage seed varieties.

• During the 2021 financial year, 41,500 tons of seed were sown, and it resulted in the cultivation of approximately 2.4 million hectares (Mha) of pastures and forage crops.

The increasing demand for high-quality animal feed is a significant driver contributing to Australia forage seed market growth as the need for nutritious feed rises with the growing livestock industry. Australia's abundant agricultural resources enable the country to leverage its expertise in forage seed production, catering to both domestic and international markets, thereby enhancing export revenues. The forage industry of Australia supplied 40,000 to 45,000 tons of forage seed in 2021, which generated a total value of USD 234 million for forage seed companies.

The market is also experiencing significant growth due to technological advancements in seed breeding and government policies supporting sustainable farming practices. The market is witnessing a surge in demand from dairy and forage farmers looking to enhance crop yields, particularly in the production of alfalfa and clover seeds.

In breeding technologies, non-transgenic hybrids dominates the Australia forage seed market share as they represent a blend of desirable traits from different parent plants, offering improved yield, quality, and resilience. These hybrids are developed through traditional breeding methods, ensuring genetic diversity and enhancing the overall performance of forage crops.

Ryegrass is a prominent forage seed variety in Australia, valued for its adaptability to various climatic conditions and soil types. This grass species is widely used in livestock farming for its high yield potential and nutritional value. Ryegrass contributes to sustainable forage production, providing farmers with a reliable feed source for cattle, sheep, and other livestock.

Alfalfa is another key forage seed crop in Australia, known for its ability to improve soil quality, increase crop yield, and enhance livestock nutrition. This legume species is known for its high protein content and digestibility, making it a valuable feed option for dairy farmers and forage producers. Alfalfa plays a crucial role in supporting sustainable agriculture practices and promoting animal health.

Australia Forage Seed Market Report Snapshots

Australia Forage Seed Market Size

Australia Forage Seed Companies