5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
Market Insights
The France 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. France is the largest producer of forage seeds in Europe. Over 52% of France’s land is used for agriculture production. Forage seed production area in France is about 29,760 ha and is the main producer of grass seed after Denmark and Germany. Rye grass and turf dominate the market with about 46.4%, while 55% is covered by tall fescue.
The application of forage seed is in the commercially grown crop lands by the miller, in the forage grassland for grazing livestock by the forage farmers and the dairy farmers. Alfalfa was the first grown forage seed in France and covers the largest market share of about 58%.
Market Dynamics
The major drivers for the market are increased demand for organic food and feed products, consumer demand for livestock products, rise in high yielding cattle or breed cattle demand for feed, growth in population and the shrinkage of land for grazing animals. However, the European seed association law, which regulates the forage seed market, high investment for the forage seed production, unpredictability of seed cycle, soil condition, climate change, and the time incentive returns are restraining the market. Increased demand for high-potential and organically produced seeds are creating new opportunities. Although the quality potential of the forage seed is quite high, there is unwillingness amongst the farmers to buy the high-cost seed for the feed.
Market Segmentation
By crop type, the market is segmented into legumes, cereals, and grasses. Sorghum and millets are dominant in this segment. 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 a major market share, followed by cattle and pork.
Key Industry Players
The key players in the market are:
The major competitors prefer investment in new product development with more nutritional potential, higher insect resisting capabilities to minimize the crop loss and marketing strategy for maintaining their market position.
Key Deliverables in the Study
5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
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