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Report Overview
In 2023, the global forage seed market was estimated to be worth around USD 19.72 billion. The market is expected to increase at a 9.2% CAGR between 2024 and 2032, reaching USD 39.88 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- According to FAO, the United States has a very strong livestock sector in 2022 with so many numbers in almost all categories.
- Sheep and goats are relatively few with numbers at 5,065,000 and 2,550,000 respectively, thus bolstering the growth of the forage seed market.
- Turkeys, with an estimated 70,000 head, further add to the great variety of the United States poultry industry and propels the forage seed demand growth to rise high.
Forage Seed Market Share
By Type Analysis
Alfalfa, clover, ryegrass, and chicory are gaining traction for sustainability and yield improvements.
Alfalfa is on the rise in the forage seed market, as its high protein helps serve the purpose better for livestock feed. Clover is preferred because of its ability to fix nitrogen, which enhances soil fertility and thereby works well for sustainable farming. Ryegrass is highly sought after due to its fast growth rate and high yield, more prevalent in temperate climates. As per forage seed market analysis, chicory is widely considered for drought resistance and quality pasture improvement. The rapid growing demand for sustainable, high-yielding forage crops is leading to its adoption.
Market Analysis by Livestock
Forage seeds are gaining traction due to livestock demand for nutritious, sustainable feed.
Forage seeds are particularly gaining popularity due to the growing demand for nutritious feed in poultry, cattle, and pork production. For poultry, good-quality forage such as alfalfa boosts egg production and improves meat quality. For cattle, nutrient- and energy-rich forage such as ryegrass increases milk yield and weight gain. In pork production, a variety of forage options supports healthier, more sustainable feeding practices. With the growth of livestock farming, demand for specialised, high-quality forage seed varieties will increase.
Species Insights
Legumes and grasses are gaining traction for their sustainability, high yield, and livestock nutrition.
Legumes and grasses are becoming increasingly popular in the forage seed market, as they can complement each other. Legumes like alfalfa fix nitrogen in the soil, which improves soil fertility and also provides high protein feed for livestock. As per forage seed industry analysis, grasses, such as ryegrass, have fast growth rates with high yields, showing resilience in different climates. Both are a fundamental part of sustainable farming practices by improving feed quality and enhancing livestock health, thus increasing adoption across the agricultural sector.
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
The forage seed market reached a value of approximately USD 19.72 billion in 2023.
The market is projected to grow at a CAGR of 9.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 39.88 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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