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The Global Forage Seed Market was valued at USD 4,539.6 million in 2017 and is expected to register a CAGR of 9.3% during the forecast period (2018-2023). The major share in the global forage seed market is occupied by North America, followed by Europe, Asia-Pacific, South America, and Africa.
Alfalfa is the largest traded seed among all the categories, and in the United States alone it accounts for 27% of the market value. Developing countries, such as China and India, will see a significant rise, due to the rise in dairy and dairy products, increasing demand of livestock production, and meat consumption. Oregon, the United States' primary forage grass producing state, produces more grass and legume seed than the rest of the world. In Europe, the area under forage seed cultivation is constantly increasing due to a rise in demand. The commonly grown Canadian forage grasses, Timothy and bromegrass, are the most widely produced grass seeds on a global scale.
The Fastest Market Growing Segment by Crop Type – Cereals
Forage seeds are cultivated in a controlled and monitored environment, in order to produce forage crops, such as alfalfa, sorghum, maize, clover, Kentucky blue grass, and rye grass. These crops come under three different crop categories, namely, cereal, legume, and grass. Among forage seeds, forage cereals claims a larger share, followed by legumes and grasses, in terms of revenue. Among cereals, maize holds the majority of the market share, globally. The crop is majorly used as forage in Europe and North America. Maize is usually served either as green feeding, or in the form of silage. The popularity of forage maize has been boosted by early maturing varieties and by the introduction of film mulches, accelerating crop development. Sorghum is also widely used as a forage crop. Though it is cultivated across all the regions, the demand of forage sorghum seeds is comparatively more in South America, and is often mixed-cropped, along with the forage legume during cultivation. Forage sorghum is usually served in the form of silages.
Increasing Demand for Dairy Products
The increasing demand for dairy products is one of the major factors driving the global forage seed market. The consumption of dairy products, such as milk, cheese, yogurt, etc., is increasing across the globe, which can be attributed to the increasing awareness of the health benefits of milk and milk products. This factor, in turn, is benefitting the global forage seed market, as farmers are choosing good quality forage seeds for cattle, to produce high-quality milk. The driving force of the booming dairy industry is the consistent adoption of technology, which aids in managing larger herds of cows for scalable profit. With time, more feed concentrates are also expected to be used to support higher yields. Nutritious forage seeds, such as ryegrass, brassicas and chicory, and clover are used to improve the yield, in addition to providing cattle with the right amount of nutrition.
Adverse Climatic Conditions
Climate change has the potential to impact the quantity and reliability of forage production, quality of forage, water demand for cultivation of forage crops, and large-scale rangeland vegetation patterns. The most visible effect of climate change will be on the primary productivity of forage crops and rangelands. Developing countries are more vulnerable to climate change than developed countries, because of the predominance of agriculture in their economies, and their warmer baseline climates, besides their limited resources to adapt to newer technologies. Due to the wide fluctuations in the distribution of rainfall in growing season in several regions of the world, the forage production will be greatly impacted. These factors are threatening forage growers, thus restraining the market studied.
Key Developments of Forage Seed Market
- Jul 2018, DLF Pickseed (DLF), a global turf, forage and other crop seed provider, recently purchased Wisconsin-based La Crosse Seed.
- Jul 2018, The demand for forage crops has got increased as the farmers had tried to fill the gap in their winter feed supplies.
Major Players: Allied Seed LLC, BrettYoung, AgReliant Genetics , DLF Seed & Science, Foster’s Seed and Feed, Northstar Seeds Ltd, Hancock Farm & Seeds Co., Advanta Seeds, DowDupont, Barenbrug Seeds, Blue River Hybrid Organic Seeds, AMPAC Seed Company, Canterbury Seeds, PGG Wrightson
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Metrics |
Details |
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Industry |
Forage Seeds Market |
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Study Period |
(2014 – 2023) |
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Market Size in 2017 |
USD 4,539.6 million |
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Market Size in 2023 |
USD 7,719.2 million |
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Growth Rate |
9.3% |
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Largest Market Share by Region |
North America |
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Key Developments |
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Companies Covered |
Allied Seed LLC, BrettYoung, AgReliant Genetics , DLF Seed & Science, Foster’s Seed and Feed, Northstar Seeds Ltd, Hancock Farm & Seeds Co., Advanta Seeds, DowDupont, Barenbrug Seeds, Blue River Hybrid Organic Seeds, AMPAC Seed Company, Canterbury Seeds, PGG Wrightson |
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Report Offerings |
Forage seeds market offers latest trends, growth prospects, industry competitiveness, major players, regional market share and forecast to 2023. |
Reasons to Purchase the Report
- To have an understanding of the fastest growing regions in the forage seed and growth trends during the forecast period
- The report outlines drives, restraints, and trends that are currently effecting the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The report covers in-detail insights about the competitors’ overview and company share analysis
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
1. Introduction
1.1 Market Definition
1.2 Key Findings of the Study
2. Research Approach and Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Overview
3.1 Introduction
3.2 Market/Technology Trends
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Demand for Dairy Products
4.1.2 Increasing Demand for Animal Products
4.1.3 Consumer Preference for Organic Food and Feed Products
4.1.4 Shrinkage of Open Land for Animal Grazing
4.1.5 Increasing Specialized Feed Requirement due to the Introduction of High Yielding Cattle
4.2 Restraints
4.2.1 Adverse Climatic Conditions
4.2.2 Time-based Incentive Returns
4.2.3 Requires Significant Investments
4.2.4 Unwillingness of Farmers to Pay for High-quality Forage Seeds
5. Industry Analysis
5.1 Porter's Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitute Products and Services
5.1.5 Degree of Competition
6. Market Segmentation
6.1 By Crop Type
6.1.1 Cereals
6.1.2 Legume
6.1.3 Grass
6.2 By Product Type
6.2.1 Stored Forage
6.2.1.1 Silage
6.2.1.2 Hay
6.2.2 Fresh Forage
6.3 By Animal Type
6.3.1 Ruminant
6.3.2 Swine
6.3.3 Poultry
6.3.4 Others
6.4 By Geography
6.4.1 North America
6.4.1.1 United States
6.4.1.2 Canada
6.4.1.3 Mexico
6.4.1.4 Others
6.4.2 Europe
6.4.2.1 Spain
6.4.2.2 UK
6.4.2.3 France
6.4.2.4 Germany
6.4.2.5 Russia
6.4.2.6 Italy
6.4.2.7 Others
6.4.3 Asia Pacific
6.4.3.1 China
6.4.3.2 India
6.4.3.3 Japan
6.4.3.4 Australia
6.4.3.5 Others
6.4.4 South America
6.4.4.1 Brazil
6.4.4.2 Argentina
6.4.4.3 Others
6.4.5 Africa
6.4.5.1 South Africa
6.4.5.2 Others
7. Competitive Landscape
7.1 Strategies Adopted by major Players
7.2 Most Active Companies
7.3 Market Share Analysis
8. Company Profiles
8.1 Allied Seed LLC
8.2 BrettYoung
8.3 AgReliant Genetics
8.4 DLF Seed & Science
8.5 Foster’s Seed and Feed
8.6 Northstar Seeds Ltd
8.7 Hancock Farm & Seeds Co.
8.8 Advanta Seeds
8.9 DowDupont
8.10 Barenbrug Seeds
8.11 Blue River Hybrid Organic Seeds
8.12 AMPAC Seed Company
8.13 Canterbury Seeds
8.14 PGG Wrightson
9. Future Outlook of the Market
