Forage Seeds Global Market Sees Growth Rate Of 12% Through 2022

The global forage seeds market size 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 global forage seed market size is expected to grow to $21.11 billion in 2026 at a CAGR of 8.5%.

What is the Global Forage Seeds Market?

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.

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What drives the Global Forage Seeds Market?

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.

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Global Forage Seeds Market Segments
The global forage seeds market is segmented:
By Type: Alfalfa, Clover, Ryegrass, Chichory
By Live Stock: Cattle, Swine, Poultry, Ruminant
By Origin: Organic, Inorganic
By Species: Legumes, Grasses
By Geography: The regions covered in the forage seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Forage Seeds Global Market Report 2022provides market size and growth forecasts for the global forage seeds market, global forage seeds market share, forage seeds market segments and geographies, forage seeds market competitive landscape including leading competitors’ revenues, profiles and market shares. The forage seeds market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Forage Seeds Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.