Forage Seed Market

Opportunities and Forecasts,2016 – 2022

Forage Seed Market by Product (Clover, Chicory, Ryegrass and Alfalfa) and Livestock (Cattle, Swine, and Poultry)

Forage Sensor Market

Introduction

• Forage seeds are the edible parts of plants widely utilized for livestock feeding. Alfalfa,

clover, chicory, ryegrass, lablab, and fescue are some of the popular forage seeds in the

global market. They are available at low price compared to other feeds, such as wheat

bran and oil seed. These forage seeds are supplied to seed cultivators and conditioners

for further processing and conditioning to get purified seeds with increased level of

protein and energy.

• The economic benefits of cultivating forage seeds, such as crop rotation and risk

diversification, further contribute to the growth of the forage seed market. Demand

for organic foods is on an increase as there is a rise in the awareness for health

consciousness among the people. The meat of animals feed on forage is healthier,

which helps avoid obesity, cholesterol, cancer, fats, and hypertension. This is expected

to create future opportunities for the forage seed market.

Forage Seed Market

Current and Future Market Scenario

• In 2015, the alfalfa product segment held approximately more than one-fourth of the

total market.

• In 2015, forage seed market was valued at $11,683 million.

• Global Forage Seed Market is expected to garner $20,646 million by 2022.

• Forage seed market will grow at a CAGR of 8.50% during the period 2016-2022.

• Poultry livestock segment occupied the highest share of the total market in 2015 and is

anticipated to grow at a CAGR of 9.25% from 2016 to 2022.

Forage Seed Market

Top Winning Strategies

Leading players in the global forage seed market have adopted various strategies gathered from press releases, annual reports, and primary calls made to industry experts to achieve additional market share. Market players profiled in this report are forage seed manufacturers and distributors. Key strategies adopted by these players include merger & acquisition, product launch, partnership & agreement, and geographical expansion.

Forage Seed Market

Factors Contributing to Market Growth

• Forage seed production does not involve addition of synthetic fertilizers and pesticides

for forage crop growth and protection. The meat of the animals that are fed on forage

is healthier and helps avoid obesity, cholesterol, cancer, fats, and hypertension. Thus,

the rise in demand for organic meat to maintain a healthy lifestyle creates future

opportunities for the forage seed market.

• The increase in need for healthy animals, propelled by the growth in demand for meat,

eggs, and milk is estimated to boost the market during the forecast period.

• The meat of the animals that are fed on forage is healthier and helps avoid obesity,

cholesterol, cancer, fats, and hypertension. Thus, the rise in demand for organic meat

to maintain a healthy lifestyle creates future opportunities for the forage seed market.

Forage Seed Market

Market Segments

By Product Type

Clover

Chicory

Ryegrass

Alfalfa

By Livestock

Cattle

Swine

Poultry

By Geography

North America

Europe

Asia-Pacific

LAMEA

Forage Seed Market

Top investment pockets

• Alfalfa and clover have witnessed large-scale adoption of forage seed. This segment has high rate of adoption in the forage seed market due to increase in demand for organic food. The rapid growth of poultry is expected in subsequent years due to rise in demand for organic food. This application has the potential to generate high returns due to expected rise in adoption of forage seed. Increase in adoption of cattle and pork market is expected to rise with highest market share and is identified as one of the lucrative markets for investment.

Forage Seed Market

Leading Players

• Key players in the Forage Seed Market focus on expanding their business operations in

the fast-growing countries with new product launches through various R&D facilities.

• The major players operating in the global forage seed market are Allied Seed LLC., Brett

Young, BASF SE, Dynamic Seeds Ltd., Central Garden & Pet Company, Barenbrug Seed

Company, Northstar Seed Ltd., Hancock Farm & Seed Co. Inc., Fosters Seed and Feed

Ltd., and Dow AgroSciences, LLC.

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