Market Size of China Forage Seed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Forage Seed Market Analysis
The China forage seed market is anticipated to grow at a CAGR of 9% during the forecasted period (2020-2025). Good forage is responsible for increased yield of milk and meat production in animals. Proper usage of quality forage seeds improves the quality and quantity of animal meat, and in-turn helps in improving animal health and growth. China's forage seed production does not meet the domestic demand, making the country depend on imports. China is the largest importer of forage seed in Asia Pacific, with United States being the major exporter of alfalfa hay to China, contributing the total import of approximately USD 340 million in the year 2019. The major drivers for this market are steady increase in population, emerging per capita income, increased demand for dairy and animal products, increase in breed cattle demand for feed, government support and the shrinkage of land for the grazing animals. The major players include AMPAC Seed Company, Forage Genetics International, Royal Barenburg Group, Pennington Seed Company and DLF Pickseed etc.
