Market Size of forage seed Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 4.75 Billion |
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Market Size (2030) | USD 5.99 Billion |
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Largest Share by Breeding Technology | Hybrids |
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CAGR (2024 - 2030) | 3.96 % |
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Largest Share by Region | North America |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Forage Seed Market Analysis
The Forage Seed Market size is estimated at 4.75 billion USD in 2024, and is expected to reach 5.99 billion USD by 2030, growing at a CAGR of 3.96% during the forecast period (2024-2030).
4.75 Billion
Market Size in 2024 (USD)
5.99 Billion
Market Size in 2030 (USD)
4.92 %
CAGR (2017-2023)
3.96 %
CAGR (2024-2030)
Largest Market by Crop
22.87 %
value share, Alfalfa, 2023
Alfalfa is in high demand in the region by dairy farmers for animal feed. It can be harvested 10-12 times per crop season and has high nutritional protein content.
Largest Market by Country
19.81 %
value share, Canada, 2023
The demand for forage crops in the country is on the rise, primarily due to the adoption of high-yielding varieties and growing government initiatives to encourage forage growers.
Fastest-growing Market by Crop
4.41 %
Projected CAGR, Forage Sorghum, 2024-2030
The increasing demand for forage sorghum is due to the development of dual-purpose varieties, preference for sorghum silage, and availability of highly nutritious varieties.
Fastest-growing Market by Country
7.23 %
Projected CAGR, Iran, 2024-2030
Iran has a high demand for forage crops due to the high demand for better-quality meat, increasing cattle population, and awareness about quality feed among farmers.
Leading Market Player
9.94 %
market share, DLF, 2022
DLF Seeds is the most active company in the forage seed market, which has increased its revenue through product innovations, partnerships, and mergers and acquisitions.
Hybrids dominate the forage seed market with the higher growth potential concerning the open-pollinated varieties.
- The livestock population is increasing across the regions. The increase in livestock population needs an expansion of the area under forages and demands the use of varieties with high yield potential and a high feed value. This is one of the major factors leading to the growth of the hybrid and open-pollinated seed market.
- Major companies are investing in improving seed quality due to increased demand. For instance, in 2021, DLF Seeds, the world’s leading grass seed breeder, invested USD 4.6 million in new state-of-the-art mixing and distribution facilities. The investment will transform their current production facilities of OPVs and the hybrid seed of forage and bring much-needed additional capacity and efficiency to cope with the future market demands in the amenity, consumer, and environmental stewardship in the forage seed market.
- The hybrid seed segment dominates the market due to the increased adoption and awareness about its benefits. The hybrid seed market segment is estimated to increase by a CAGR of 3.9% during the forecast period due to the rise in the seed replacement rate and the availability of improved varieties in the market.
- The farmer's preference for transgenic varieties is slowly rising in various forage-growing regions due to increased crop losses due to weeds and diseases. Therefore, the transgenic segment is growing with a CAGR of 5% during the forecast period.
- The Asia-Pacific forage seed market using OPVs seeds is projected to be the fastest growing, at a CAGR of 4.3% during the forecast period because open-pollinated varieties require fewer inputs, such as fertilizer and pesticides, and are less expensive and more affordable for small holding and low-income farmers.
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North America and Europe are leading regions due to the large demand for forage seeds in these regions
- Globally, the North American region holds a major share, accounting for 37.3% of the global forage seeds market in terms of value in 2021 due to the increase in the demand for forage as feed, an increase in meat consumption, and weather conditions. In North America, the United States has the largest forage seed market, accounting for 40.4% of North America's forage seed market due to the high demand for forage as feed and the increase in the cattle population in the country.
- In 2021, Europe was the primary producer of forages. It contributed 32.7% to the global forage seed market. The increase in livestock production and consumption is driving the forage market in the region. Germany is the largest producer of forage corn in Europe, with a market share value of 22.6% in the global forage corn seed market.
- In the Asia-Pacific region, India has the largest forage seed market, and it accounted for 30.0% of the Asia-Pacific forage seed market in terms of value in 2021. In India, forage corn is leading in the forage seed segments, accounting for a 52.7% in 2021.
- In 2021, South America had a market share of 9.3% of the global forage seed market. Alfalfa is the major forage crop grown in South America, which is associated with the availability of GM hybrids that are herbicide-resistant and tolerant to water stress and high lignin content for better digestibility, driving the transgenic alfalfa seed market at a CAGR of 8.2% in South America.
- Therefore, owing to increasing demand due to the increased livestock population and based on the aforementioned factors, the market is anticipated to grow during the forecast period.
