Increase in the demand for nutritional feeds for livestock to drive the growth of global forage seed market
According to TechSci Research report, “Global Forage Seed Market By Type (Alfalfa, Clover, Ryegrass, Chicory), By Livestock (Poultry, Cattle, Swine), By Origin (Organic v/s Inorganic), By Form (Green v/s Dry), By Region, Competition, Forecast & Opportunities, 2025”, global forage seed market is expected to witness significant growth during the forecast period. Forage seeds helps in providing essential proteins, fibers, and energy to the livestock, resulting in increased yield, which is one of the major factors accounting for the growth of global forage seed market. Moreover, cost saving incurred on adding additional protein and supplement additives is further expected to bode well for the growth of global forage seed market through the forecast period. In addition to this, forage seeds do not depend on synthetic fertilizers and pesticides, which help improve and maintain the soil quality, thereby expected to positively influence the growth of global forage seed market in the years to come. Also, economic benefits of cultivating forage seeds, such as crop rotation and risk diversification are further making headway for the growth of global forage seed market. The challenges faced by the forage seed manufactures include preference of feed quantity over feed quality, lack of seeds and planting materials in developing regions, and reduction in seed yields due to excess soil water, drought, and weeds. Such challenges are anticipated to hamper the forage seeds market in the years to come.
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Global forage seed market can be segmented based on type, livestock, origin, form, company, and region. Based on livestock, the market can be categorized into poultry, cattle, and swine. Out of these, the cattle livestock segment dominated the market until 2019 and is expected to hold its dominance during the forecast period as well as the forage seeds are added to the cattle feed by livestock producers to ensure optimum production and performance. Moreover, forage seeds aid in improving the milk quantity and enhancing the immune system of cattle, therefore promoting to greater feed efficiency. This is anticipated to positively impact the growth of segment during the next five years. In terms of type, the market can be categorized into alfalfa, clover, ryegrass, and chicory. Out of these, Alfalfa is expected to be the largest segment in the forage seed market on account of its capacity to improve the digestive and intestinal health of livestock.
Monsanto Company, DOW Agrosciences LLC, Land O’Lakes, Advanta Seeds Pty Ltd, Brettyoung, Barenburg Holdings B.V., Allied Seed, LLC, AMPAC Seed Co., Imperial Seed Ltd., Corteva Agriscience, are among others are the leading players operating in global forage seed market. The leading players are adopting several growth strategies to enhance the market scenario of forage seed. Other competitive strategies include new technological developments; mergers & acquisitions; agreements, partnerships, and collaborations; and expansions to diversify their product portfolios in order to strengthen their market position.
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“Asia-Pacific is expected to dominate the global forage seed market until 2025 on account of rising demand for animal feed in the region. Furthermore, increase in demand for dairy products is further anticipated to fuel the market for forage seeds over the coming years. Along with this, reduction in the availability of grazing land is expected to contribute to the growing trend in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Forage Seed Market By Type (Alfalfa, Clover, Ryegrass, Chicory), By Livestock (Poultry, Cattle, Swine), By Origin (Organic v/s Inorganic), By Form (Green v/s Dry), By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global forage seed market and provides statistics & information on market size, structure and market growth future. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global forage seed market.
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Source : TechSci Research