Market Size of Australia Forage Seed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 93.55 Billion |
| Market Size (2029) | USD 136.82 Billion |
| CAGR (2024 - 2029) | 7.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia Forage Seeds Market Analysis
The Australia Forage Seed Market size is estimated at USD 93.55 billion in 2024, and is expected to reach USD 136.82 billion by 2029, growing at a CAGR of 7.90% during the forecast period (2024-2029).
In Australia, Forage seeds are used by the dairy farmers and forage farmers for the production of high yield crops. These seeds are produced particularly to the species and a variety of forages grown are used for consumption purposes for animals to increase specialized feed requirement which, in turn, will increase the yield of cattle. The Australian forage seed production market mainly consists of alfalfa and clover seeds. 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 poultry livestock utilizes high-quality forage seeds and beef covers the major market share among other livestock. Increased export of animal products is steadily creating good opportunities for the forage seed market in Australia.
