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<strong>Forage</strong> <strong>Seed</strong> <strong>Market</strong>- Global Industry Insight,<br />
Trends, Outlook, and Opportunity Analysis 2017-<br />
2025<br />
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REPORT DESCRIPTION<br />
<strong>Forage</strong> <strong>Market</strong> Outlook<br />
North America held the largest market share of the forage seed market, in terms of value in 2016. <strong>Market</strong> growth<br />
of this region is attributed to increasing demand for forage products, which is fuelled by the increasing livestock<br />
population for meat. According to the Department for Environment Food & Rural Affairs, animal feed production<br />
in the U.S. increased by 10% for sheep, 6.6% for cattle, and 3.7% for pigs in December 2017 compared to<br />
December 2016. According to the United Nations Food and Agriculture Organization, the total meat production in<br />
the U.S. and Canada for the year 2014 was pegged at 42.56 Mn Tons and 4.38 Mn Tons, respectively. <strong>Forage</strong> in<br />
the region is mostly utilized by landowners to help them manage soil fertility, grazing, and hay production in<br />
addition to brush & weed control in pastures and hay fields. Governments in the region are focusing on initiatives,<br />
in order to enhance production of alfalfa in the region. For instance, in February 2018, the U.S. Department of<br />
Agriculture’s (USDA) National Institute of Food and Agriculture (NIFA) invested US$ 2.1 million on R&D<br />
programs, which seek to improve alfalfa forage yield and adopt best practices pertaining to its cultivation. These<br />
programs are being organized under the Alfalfa and <strong>Forage</strong> Research Program (AFRP).<br />
According to European <strong>Seed</strong> Certification Agencies Association (ESCAA), the total area cultivated with forage<br />
seeds in Europe was 373,040 hectares in 2016, which was a 15% increase over the previous year.<br />
© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION<br />
The global forage seed market is anticipated to grow over the forecast period, owing to increasing demand for<br />
forage seeds from agriculture and animal rearing industries. Rising poultry, swine, and cattle population for<br />
meat production is expected to be a major factor contributing to market growth. According to data published by<br />
UN, in 2017, meat production was pegged at 262 million metric tons, which was an increase of 4 million<br />
metric tons over the previous year.<br />
<strong>Forage</strong> is relatively cheaper than most grain crops and therefore, farmers are increasingly focusing on adopting<br />
these. <strong>Forage</strong> is also used as a rotation crop, due to benefits associated with the use of these. The advantages<br />
include less disease in subsequent cereal crops, increased yields in subsequent crops, aid in improving soil<br />
quality, and reduces weed population thereby reducing the need for additional pesticide, fertilizers, and<br />
herbicide inputs in subsequent crop cycle.<br />
Major players in the global forage seeds market include DowDuPont Inc., Monsanto Company, Land O’ Lakes<br />
Inc., Advanta <strong>Seed</strong> Ltd., BrettYoung <strong>Seed</strong>s Ltd., Royal Barenbrug Group, Imperial <strong>Seed</strong> Ltd., Allied <strong>Seed</strong> LLC,<br />
and Ampac <strong>Seed</strong> Company.<br />
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© Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION<br />
<strong>Forage</strong> <strong>Seed</strong> <strong>Market</strong> - <strong>Market</strong> Taxonomy:<br />
On the basis of product type, forage seed market is segmented into:<br />
•<br />
Alfalfa<br />
•<br />
Clover<br />
•<br />
Chicory<br />
•<br />
Ryegrass<br />
•<br />
Others<br />
•<br />
On the basis of livestock, forage seed market is segmented into:<br />
•<br />
Poultry<br />
•<br />
Ruminants<br />
•<br />
Swine<br />
•<br />
Others<br />
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