Forage Seed Market to Escalate with an Improved Market Size

Forage Seed Market

Opportunity Analysis and Industry Forecast, 2016-2023

Global Opportunity Analysis and Industry Forecast, 2014-2022

Introduction • Global forage seed market is expected to reach $20,646 million by 2022 with a CAGR of 8.50% from 2016 to 2022 • Growth in demand for forage feed used to feed livestock primarily drives the market • The meat of the animals that are fed on forage is healthier and helps avoid obesity, cholesterol, cancer, fats, and hypertension • 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 • North America is projected to maintain its lead position throughout 2022 and grow at a CAGR of 7.58%, in terms of revenue. Asia-Pacific is anticipated to be the fastest growing region with a CAGR of 10.11% during the forecast period

Key Factors of the Market • Forage seeds do not rely on synthetic fertilizers and pesticides, which help improve and maintain the soil quality • 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 demand for forage seed is majorly driven by its high nutrient content, which helps to improve lactation, reproduction, and health of livestock • Economic benefits with cultivating forage seeds, which include improving soil health and business flexibility, are further expected to drive the forage seed market

Forage Seed Market

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Key Benefits of the Market • North America is projected to maintain its lead position throughout 2022 and grow at a CAGR of 7.58%, in terms of revenue • 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 • Asia-Pacific is anticipated to be the fastest growing region with a CAGR of 10.11% during the forecast period

Forage Seed Market Segmentation

Forage Seed Market Segmentation

Key Players of the Market • • • • • • • • • •

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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