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Report Overview
The global forage seed market is expected to reach a value of more than USD 19.72 Billion in 2023. The industry is expected to grow at a CAGR of 9.20% during the forecast period of 2024-2032. Rising global livestock production, driven by increasing meat and dairy consumption, boosts forage seed demand to improve pasture quality and yield. As a result, the market is expected to attain a value of USD 43.54 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The U.S. livestock sector’s strength in 2022, with millions of animals across various categories, is a major driver for forage seed demand. According to the FAO, increased livestock numbers correlate with greater demand for quality pastures, boosting the need for high-quality forage seed for grazing and animal feed, thus propelling forage seed market growth.
- Despite their smaller numbers, the 5,065,000 sheep and 2,550,000 goats in the United States are helping to drive up forage seed demand. These animals rely on nutrient-rich pastures, and as the demand for high-quality grazing lands grows, so does the need for specialist forage seed supplies to maintain these livestock.
- The US poultry business, which has 70,000 turkeys, contributes to the diverse demand for forage seeds. Turkeys, like all animals, require high-quality pasture to graze. As the number of animals in U.S. farming increases, particularly turkeys, so does the demand for tailored forage seed solutions, boosting overall market growth.
Forage Seed Market Growth
The forage seed market is driven majorly by two factors. To a first instance, the surging demand for livestock feed arises largely from increased global meat consumption and dairy products with improved quality of forage crops, thereby increasing forage seed demand. A strong trend towards sustainable agricultural practice which has become increasingly trending leads to the usage of forage crop-based soil health improvement practices like controlling erosion and even capturing carbon in the ground by farmers further propelling the demand of the forage seed market.
Forage Seed Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 19.72 Billion.
The forage seed market is assessed to grow at a CAGR of 9.20% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 43.54 Billion by 2032.
The major market drivers include increased meat consumption and growing efforts towards the enhancement of soil quality due to decreasing soil fertility.
The key trends fuelling the growth of the market include growing requirement for cattle feed supplements and increasing emphasis on improving cattle gut health.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different forage seeds include alfalfa, clover, ryegrass, and chicory, among others.
The key players in the market are UPL Limited, Corteva Inc., BrettYoung, Ampac Seed Company, DLF Seeds A/S, Forage Genetics International, LLC, RAGT SA, S&W Seed Co., Growmark FS, LLC, and Germinal GB, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124