Market Insights
The Japan forage seed market estimated at USD XX billion in 2015 is expected to reach USD XX million by 2020 at a CAGR of XX% over the forecasted period.
Japan is the leader in import of forage seed in the Asia-Pacific region. In 2014, Japan had imported 595,000 mt of US alfalfa hay valued at USD 196 million. Only 20% of the area in Japan is suitable for agriculture and livestock production. About 90% of the animal feed is imported in Japan. However, increased demand for animal products has amplified the livestock sector, driving the forage feed market. Forage seeds are used by the dairy farmers and forage farmers for the high yield of crops. Most of the forage seed markets in the region are medium and small scale industries.
Market Dynamics
The major drivers for the market are a steady increase in population, emerging per capita income, increased demand for dairy and animal products, increased in breed cattle demand for feed, and the shrinkage of land for the grazing animals. The unpredictability of seed cycle, soil condition, climate change, time incentive returns, low rise in the livestock market, and non-GMO crop regulations are restraining the market.
Market Segmentation
By crop type, the market is segmented into legumes, cereals, and grasses. 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.
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 are investing in R&D for innovative products, partnerships and market strategy for the pricing of product to sustain in the competitive market.
Key Deliverables in the Study
- Market analysis for the Japan 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 Japan 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.
