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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 Regional Insights
North America Forage Seed Market Opportunities
Government incentives and farming policies regarding the production of soil conservation and livestock feed are major drivers for this forage seed market growth in North America. For instance, the U.S. Department of Agriculture's Conservation Reserve Program promotes direct Contracting farmers to plant more crops, such as forage crops, for environmental benefits that encourage the growth in their forage seed market. Growing demand for organic feed constitutes another aspect of its growth.
| CAGR 2024-2032 - Market by | Country |
| China | 18.8% |
| India | 15.9% |
| Brazil | 12.8% |
| Mexico | 10.9% |
| Australia | 9.8% |
| Japan | 8.6% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Saudi Arabia | XX% |
Asia Pacific Forage Seed Market Trends
Trends in the Asia Pacific forage seed market are largely driven by increased farming and subsequent demand for quality animal feed associated with livestock enterprises. Key trends include the adoption of sustainable farming practices enhanced through government policies, such as in India and China, leading to soil health improvement and efficient livestock management. The market is also seeing improved forage varieties as well as innovations in climate-resilient seeds, which farmers seek to overcome new weather patterns and optimise these production in the region.
Europe Forage Seed Market Dynamics
The increasing demand for sustainable livestock feed and soil health initiatives propel the Europe forage seed market. Companies such as DLF Seeds and Limagrain are innovating and leading when it comes to high-quality forage seed varieties. Improved yield and drought resistance in forage crops are features recommended for these companies' products. More importantly, EU governments are offering incentives for the cultivation of forage crops through government policies. Furthermore, increasing interest in organic farming and livestock management is improving the market, and forage seeds are becoming essential in maximising production while minimising environmental impacts.
Middle East and Africa Forage Seed Market Drivers
The forage seed market in the Middle East and Africa is pushed by the need for sustainable livestock feed and soil improvement. In the North African region and the Middle East, water availability is scant, and the need to have drought-resistant forage varieties is driving farmers. Government initiatives, such as Saudi Arabia and South Africa, promote sustainable farming and improved pasture management. In addition, the development of modern farming technology is increasing forage production thereby promoting the use of better quality forage seeds across the region.
Latin America Forage Seed Market Insights
Demand for high-quality livestock feed in Latin America as well as sustainable agriculture practices has seen the growth of the Latin America forage seed market. Corteva Agriscience and Pioneer Seeds are leading innovations in drought-resistant and high-yield forage varieties. Vast agricultural landscapes at their disposal, countries such as Brazil and Argentina are expanding forage production to meet the growing demand in the livestock sector. Government support through sustainable farming practices is another boost for this market in the region.
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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+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