Market Insights
The Argentina forage seed market estimated at USD XX billion in 2016 is expected to reach USD XX billion by 2022 at a CAGR of XX% over the forecasted period. Argentina is the second largest market for forage seed in South America after Brazil. Argentina is the second largest producer of alfalfa seed with an area of 6.9 million hectares. Argentina also imports forage seeds from the US despite being a significant market for export. The agriculture land availability and the climatic condition have enhanced the productivity in the region.
Forage seeds are used by millers, dairy farmers and forage farmers for the high yield of crops. Alfalfa forage seed is dominant in Argentina covering around 4.7 million hectares for crop production. Bahiagrass, alfalfa, fescue, and clover are the major forage seed varieties being produced and exported by the country.
Market Dynamics
The major drivers for the market are increased consumer preference for organic food and feed products, expanding export of cattle, rise in breed cattle demand for feed, growth in population and the shrinkage of land for grazing animals. However, the high investment for forage seed production unpredictability of seed cycle, soil condition, climate change, and the time incentive returns are restraining the market. Availability of agriculture land area, large quantity of cattle livestock for meat export and the geographical climate provide good opportunities for forage seed production in the region.
Market Segmentation
By crop type, the market is segmented into legumes, cereals, and grasses. By product type, the market is segmented into stored forage and fresh forage. The stored forage is segmented into silage and hay. Further, the market has been segmented by animal type into cross breed cattle, indigenous cattle and buffalos. Beef cattle contribute to the largest share of the market, followed by dairy cattle.
Key Industry Players
The key players in the market are:
- Allied Seed
- DLF International Seeds
- Dynamic Seeds Ltd.
- Brett Young
- Golden Acre Seeds
- Moore Seed Processors
- Pickseed Canada Ltd.
- Foster Feed and Seed
The major players have indulged in investment in R&D for innovative products, partnerships and market strategy for pricing of product to sustain in the competitive market.
Key Deliverables in the Study
- Market analysis for the Argentina forage seed market, with region specific assessments and competition analysis on national and regional scales.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their market shares.
- Identification and analysis of the macro and micro factors that affect the Argentina forage seed market on both national and regional scales.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- Wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
- Insights into the major countries/regions in which this industry is growing and identifying the regions still untapped.
