Forage Seeds Market Overview:
The market size of the forage seeds market is expected to hit 38,186.14 million Dollars by the end of the year 2030. During the forecast period of 2022 to 2030, the forage seeds market is expected to grow with a CAGR or Compound Annual Growth Rate of 7.3% according to expert analysts. Forage seeds are the seeds that are planted to feed livestock, for example, llamas, goats, sheep, horses, and cows. They are also fed to wild animals like rabbits, moose, elk, and deer. They are an essential part of raising animals properly by providing them the needed nutrition. It is hard to find forage for animals naturally. That is why, forage seeds are a much-needed solution for farmers and dairy farmers across the globe. The growth of the market that is anticipated in the projected period can be owed to the rising demand of forage seeds from the consumers and the companies that manufacture seeds.
Top Key Players:
Some of the key players profiled in the global Forage Seeds Market are Monsanto Company (U.S.), DOW Agrosciences LLC (U.S.), Advanta Seeds Limited (India), Land O Lakes Inc. (U.S.), Barenbrug Holding B.V. (the Netherlands), E.I. du Pont de Nemours and Company (U.S.), Allied Seed, LLC (U.S.), Northstar Seed Ltd. (Canada), Dynamic Seeds Ltd. (Thailand), and Ampac Seed Co. (U.S.), among others.
Forage Seeds Market Segmentation:
The Forage Seeds Market can be segmented on two bases. These are segmentation by livestock and by the type of crop.
- On the grounds of livestock, the segments are ruminant, poultry, swine, cattle, and others. In this classification, the segment of poultry has led the market share distribution in the previous period and is expected to continue doing so in the forecast period. This can be credited to the demand of meat rising across the globe.
- On the grounds of type of crops, the segments are grasses and legumes. Out of grasses and legumes, Legumes was previously dominating the market share. In the projected period of 2022 to 2030, experts say that the segment of legumes will very much continue to dominate the market share distribution. However, it is also true that the segment of grasses is expected to have a higher CAGR in the projected period.
Based on region, the segments are Europe, Africa, Latin America, Middle East, and Asia Pacific. Europe has led the market share previously and is expected to continue to dominate the Forage Seeds market in the projected period of 2022 to 2030. The large share in Europe can be attributed to the rising demand for forage seeds. After Europe, North America is leading the market share distribution. This can be attributed to the rising awareness among consumers about food that is organic and freshly grown. Organic food is associated with good health. While the market share is dominated by Europe and North America, the Asia Pacific or APAC is also a contributing region following them. This can be attributed to the consciousness among Asian buyers about meat that is free from any diseases. There is also a growing number of people with disposable incomes that is fuelling the growth in APAC.
There are many main players in the industry for Forage Seeds. These include but are not limited to Ampac Seed Co., Dynamic Seeds Ltd., Northstar Seeds Ltd., Allied Seed LLC, E.I. du Pont de Nemours, and Company, Barenbrug Holding B.V., Land O Lakes Inc., Advanta Seeds Limited, DOW Agrosciences LLC, Monsanto Company.
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