The global forage seed market size is expected to reach $20,646 million by 2022 from $11,683 million in 2015 with a CAGR of 8.50% from 2016 to 2022. Forage seeds are the edible parts of plants which serve as a food for livestock. Manufacturers of forage feed use legumes and grass seeds to plant pastures and hayfields. These seeds are obtained from chicory, clover, alfalfa, and ryegrass. These forage seeds are supplied to seed cultivators and conditioners for processing and conditioning to get clean seeds with maximum germination potential. Forage seeds are available at low price compared to other feeds, such as wheat bran and oil seed.
The nutritional quality of forage seed, hygiene, digestibility, and effect on intestinal health maintain the growth rate of livestock. Thus, growth in demand for forage feed used to feed livestock is expected to drive the forage seed market. Moreover, economic benefits with cultivating forage seeds such as improving soil health and business flexibility are other drivers for this market. However, irregularity of seed cycle and lack of funding in forage research may hamper the growth of this market. Rise in demand for organic meat to maintain a healthy lifestyle creates future opportunities for the forage seed market.
The forage seed market is segmented into product, livestock, and geography. Based on product, the forage seed market is classified into clover, chicory, ryegrass, alfalfa, and others. On the basis of livestock, the market is divided into cattle, swine, poultry, and others. The geographic segment is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major players profiled in this study are
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