What Has Been the Growth Trajectory for the Forage Seeds Market in Recent Years?
The forage seeds market has seen considerable growth due to a variety of factors.
• The market size of forage seeds has experienced significant growth in the past few years. It is projected to increase from $18.24 billion in 2024 to $19.97 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%.
The historical growth can be credited to factors such as expansion of the livestock and dairy industry, augmentation of silage production, environmental preservation, governmental aid and subsidies, as well as improvements in animal health and performance.
What are the Market Size and Expected Growth Rates for the Forage Seeds Market?
The forage seeds market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations suggest a swift expansion of the forage seeds market size in the upcoming years, with projections to reach a staggering $29.44 billion by 2029, at a compound annual growth rate (CAGR) of 10.2%.
Causes for this predicted growth incorporate global population growth, heightened affluence, increased protein consumption, the development of climate-resilient variations, water-efficient forage crops, along with international trade opportunities. The forecast period sees trends of drought-resistant forage varieties, legume forage varieties, as well as biotechnology for trait improvement and forage mixtures for biodiversity, and disease and pest resistance in forage crops.
What Main Forces Are Fueling Expansion In The Forage Seeds Market?
The anticipated rise in the number of livestock is set to catalyze the growth of the forage seeds market in the future. These land-based domesticated animals are reared for a plethora of products and services, which include traction, meat, milk, eggs, skins, fibers, and feathers. High in vitamins, fibers and proteins, forage crops are instrumental in improving animal metabolic efficiency. Additionally, these forage crops, lush with minerals, facilitate bone development, eggshell formation, fluid equilibrium, and hormonal production in poultry. For instance, the Australian Bureau of Statistics, a government organization located in Australia, stated that in August 2024, beef output in the second quarter of 2024 grew by 2.8%, equating to 626,781 metric tons. Consequently, as the livestock population grows, so will the demand for the forage seed market.
What Are The Key Segments Within The Global Forage Seeds Market?
The forage seeds market covered in this report is segmented –
1) By Type: Alfalfa, Clover, Ryegrass, Chicory
2) By Live Stock: Cattle, Swine, Poultry, Ruminant
3) By Origin: Organic, Inorganic
4) By Species: Legumes, Grasses
Subsegments:
1) By Alfalfa: Pure Alfalfa Seed, Alfalfa Blends
2) By Clover: Red Clover, White Clover, Sweet Clover
3) By Ryegrass: Perennial Ryegrass, Annual Ryegrass
4) By Chicory: Forage Chicory, Seeded Chicory
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How Are New Trends Impacting The Size Of The Forage Seeds Market?
Leading corporations in the forage seeds market are concentrating on crafting innovative offerings such as cover crops and forage mixtures product lines. These imply a range of farm products that merge cover crops and forage plants into mixtures specifically formulated for objectives like soil enhancement, preventing erosion, and supplying animal feed in agrarian systems. For example, MAS Seeds, a hybrid seed producing firm based in France, debuted the 'MAS4' range in September 2023. This range encompasses cover crops, forage blends, and particular mixtures. Included in the product range are the MAS4 COVER crop portion for agronomic usage, MAS4 NUTRI forage blends, MAS4 ENERGY mixtures intended for biogas generation, and MAS4 EXPERT blends catered towards beekeepers and those cultivating grapes.
Who Are the Key Players in the Forage Seeds Market?
Major companies operating in the forage seeds market include:
• BASF SE
• Dow AgroSciences LLC
• Land O'Lakes Inc.
• Monsanto Company
• Foster's Seed and Feed
• DLF Seeds A/S
• Advanta Seeds Pty Ltd.
• AgReliant Genetics LLC
• Seedway LLC
• Blue River Hybrids
• Brett-Young Seeds Limited
• Pasture Genetics Pty Ltd.
• S&W Seed Company
• Johnston Seed Company
• La Crosse Seed
• Germinal GB Limited
• Forage First Ltd.
• Mountain View Seeds
• Allied Seed LLC
• Barenbrug Holding B.V
• Heritage Seeds Private Limited
• Northstar Seed Ltd.
• Pickseed Canada Inc.
• Landmark Seeds Ltd.
• Grassland Oregon Inc.
• Kings Agriseeds Inc.
• Green Valley Seed LLC
• Imperial Seed Ltd.
• Prairie Creek Seed
• Wolf Seeds do Brasil Ltd.
What are the Regional Insights into the Forage Seeds Market?
North America was the largest region in the forage seeds market in 2024. 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, Africa.
