Forage Seeds Global Market Report 2022

Forage Seeds Global Market Report 2022

  • June 2022 •
  • 175 pages •
  • Report ID: 6285837 •
  • Format: PDF
Major players in the forage seeds market are Monsanto Company, Land O’Lakes, Advanta Seeds Pty Ltd, Brett-Young Seeds Limited, Barenbrug Holding B.V, Allied Seed LLC, AG Reliant Genetic, BASF SE, DLF Seeds, Dow AgroSciences LLC, Heritage Seeds Private Limited, S&W Seed Company, Wolf Seeds do Brasil Ltda., Blue River Hybrids, and Germinal GB Limited.

The global forage seeds market is expected to grow from $13.6 billion in 2021 to $15.24 billion in 2022 at a compound annual growth rate (CAGR) of 12.0%. The forage seeds market is expected to grow to $21.11 billion in 2026 at a CAGR of 8.5%.

The forage seeds market consists of sales of forage seeds by entities (organizations, sole proprietors, partnerships) that are generally used by dairy farmers and farmers that produce forage for animal feed companies.Forage crops are plants that are planted expressly to be grazed by livestock or to be stored as hay or silage.

Forage crops aid in meeting production requirements for traits including growth and weight increase, as well as compensating for seasonal feed demand and supply gaps.

The main types of forage seeds are alfalfa, clover, ryegrass, and chicory.The alfalfa forage seeds refer to a deep-rooted leguminous perennial plant (Medicago sativa) of southwestern Asia that is grown for hay and forage.

The alfalfa is used to improve soil and other benefits related to soil and fields.The different live stocks include cattle, swine, poultry, and ruminant and involve various species such as legumes, and grasses.

It is sourced from several origins including organic, and Inorganic.

North America was the largest region in the forage seeds market in 2021.Asia Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the forage seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The increasing livestock population is expected to propel the growth of the forage seeds market over the coming years.Livestock is domesticated terrestrial animals that are raised for a variety of commodities and services such as traction, meat, milk, eggs, skins, fibers, and feathers.

Forage crops are high in vitamins, fiber, and proteins, which help animals’ metabolic efficiency.Mineral-rich forage crops aid bone growth, eggshell creation, fluid balance, and hormone generation in chickens.

For instance, according to the aro spectrum, an India-based B2B digital media platform, the total livestock population in India reached 535.78 million in 2019, an increase of nearly 4.6%. Therefore, the increasing livestock population will drive the growth of the forage seeds market.

The introduction of premier forages is a key trend gaining popularity in the forage seeds market.Major companies operating in the forage seeds sector are focused on introducing premier forages to meet consumer demand and reinforce their position.

For instance, in July 2020, Alta Seeds, an Argentina-based company that produces hybrid seeds launched Empyr Premier Forages, a new series of sudangrass, sorghum-sudan hybrids, and forage sorghum.EMPYR Premier Forages are hybrids that excel and outproduce on the farm and in the feed.

For specialized grazing and silage demands, EMPYR Premier Forages offer the latest genetic improvements built on a wide array of hybrid kinds.

In March 2022, DLF, a Europe-based seed company acquired OreGro Seeds for an undisclosed amount.Through this acquisition, DLF and its distribution partners in the United States and internationally can provide OreGro’s unique cool-season forage grass, forage legume, turfgrass, cover crop, and small grain types exclusively.

OreGro Seeds is a US-based forage, cover crop, and turfgrass breeding company.

The countries covered in the forage seeds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.