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Base Year
Historical Year
Forecast Year
The United States forage seed market reached a value of nearly USD 692.08 million in 2023. The market is estimated to grow at a CAGR of 2.4% during the forecast period of 2024-2032 to attain around USD 860.32 million by 2032.
United States Forage Seed Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | 692.08 |
Market Size 2032 | USD Million | 860.32 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 2.4% |
CAGR 2024-2032 - Market by Region | Southeast | 2.4% |
CAGR 2024-2032 - Market by Region | New England | 2.3% |
CAGR 2024-2032 - Market by Type | Alfalfa | 2.8% |
CAGR 2024-2032 - Market by Livestock | Ruminants | 2.8% |
Market Share by Region | New England | 5.1% |
The United States forage seed market expansion is being fuelled by the growth of the animal feed industry. As per the Institute of Feed Education and Research, the demand for animal feed is expected to grow by 2.5% by 2025 to meet the rising demand for food and dairy domestically. Moreover, the increasing focus on animal welfare has necessitated the delivery of optimum nutrition requirements for livestock and poultry, thereby accelerating the demand for forage seeds like soybeans.
With rapid technological advancements, forage crop cultivators are expected to cultivate unique crop varieties and boost farmland productivity to earn better returns. This is expected to play a critical role in driving economic development. Forage crops like soybean are used to enhance the palatability of animal feed and improve the nutritional uptake of livestock. The growth of the agricultural sector is also expected to complement the United States forage seed market development in the forecast period.
CAGR 2024-2032 - Market by | Region |
Southeast | 2.4% |
New England | 2.3% |
Mideast | XX% |
Plains | XX% |
Great Lakes | XX% |
Southwest | 2.5% |
Rocky Mountain | 2.6% |
Far West | 2.8% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States forage seed market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States forage seed industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States forage seed market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States forage seed market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Livestock |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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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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
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