Market Size of South Africa Forage Seed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Africa Forage Seeds Market Analysis
South Africa forage seed market is projected to grow at a CAGR of 6.5 % during the forecast period (2020 - 2025). According to the South African National Seed Organization (Sansor), sales of forage seed in South Africa is valued at USD 30,294.2 thousand in 2018. Forage Crops such as Ryegrass and Fodder maize are majorly cultivated in South Africa which is further boosting the market for the commercial seeds. The major factors driving the market are an increase in the cultivation of forage crops and an increase in the production of ruminants. However, due to the less production of forage seeds, South Africa depends on the imports. The economic benefits of cultivating forage seeds, such as crop rotation and risk diversification will further help the forage seed market to grow in the country.
