Forage Seed Market - Canada Market Shares, Forecasts and Trends (2020 - 2025)

Market Insights

The Canada 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. As a leading nation in the forage seed market, Canada contributes a major share of XX% across the globe, mostly in the production of the alfalfa seed. In 2013, Canada exported around 100 million lbs of grass and legume seeds. The value of forage seed exports was USD 125 million in 2013 of which, alfalfa export was valued at USD 40 million. The certified seed acre has increased by 2.1% from the previous year showing a healthy growth in the market. Canadian exports market mainly consists of alfalfa, turf grass, timothy seeds.

Market Dynamics

The major drivers for the market are increased consumer preference for organic food and feed products, consumer demand for dairy and animal products, rise in breed cattle demand for feed, growth in population and the shrinkage of land for grazing animals. However, the Canada Seed Act, controlling the seed regulation and high investment for the forage seed production, unpredictability of seed cycle, soil condition, climate change, and the time incentive returns are restraining the market. Although the quality potential of the forage seed is quite high, so is the cost, which creates unwillingness amongst farmers to buy them for feed purpose.

Crop loss due to insect infestation, increased demand for weed free crops, amplified productivity of animal products and mounting demand for biotechnology products are opportunities for the market.

Market Segmentation

By crop type, the market is segmented into legumes, cereals, and grasses. Turf and forage grass consists of a major share in the market followed by legumes seeds. 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. The poultry livestock utilizes high-quality forage seeds and covers the major market share, followed by cattle and pork.

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 Canada 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 Canada 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.