Market Size of Brazil Forage Seed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 343.95 Million |
| Market Size (2029) | USD 482.41 Million |
| CAGR (2024 - 2029) | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Forage Seed Market Analysis
The Brazil Forage Seed Market size is estimated at USD 343.95 million in 2024, and is expected to reach USD 482.41 million by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).
- The market includes tropical forages that are dominated by eight genera of grasses and legumes. However, Brachiaria remains the farmer's preference in Brazil. Also, farmers with dairy cattle mostly prefer ryegrass.
- There are various organizations in the country working towards the strengthening of the agriculture and livestock industry. For instance, the Association for the Promotion of Forage Seed Breeding Research in partnership with Embrapa works in support of scientific research for the launch of new forage cultivars.
- Moreover, the seeds sold in the local markets are less pure than the seeds exported by Brazil. With this, the use of incrusted seeds is growing in Brazil in the last 5 years and hybrid seeds are being introduced in the country though on a limited scale.
