Spain Forage Seed Market - Growth,Trends & Forecast (2020 - 2025)

The Spain Forage Seed Market is segmented By Crop Type (Cereals, Legumes, and Grasses), and By Product Type (Stored Forage, Silage, Hay, and Fresh Forage).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

4.3 %

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Market Overview

The Spain forage seed market is projected to register a CAGR of 4.3% during the forecast period 2020-2025. Alfalfa is one of the major grown forage in the European region. Forages are plants or parts of plants that are fed to the livestock. The major factors driving the forage seed market are the increasing demand for dairy products, the increasing demand for animal products, consumer preference for organic food and feed products, shrinkage of open land for animal grazing, and increasing specialized feed requirement due to the introduction of high yielding cattle. Some of the restraints identified in the studied market are time-based incentive returns requiring significant investments, and the unwillingness of farmers to pay for high-quality forage seeds.

Scope of the report

Forages are plants or parts of plants that are fed to the livestock. ​The report presents an in-depth analysis of the share and value of the spain forage seed market. The companies in the spain forage seed market operate both in B2B and B2C formats. ​A detailed competitive landscape section, covering the strategies adopted by the global players, along with their new innovations are also included in the report. The market size has been estimated at the consumer level.​

Crop Type
Cereals
Forage Corn
Forage Sorghum
Other Cereals
Legumes
Alfalfa
Other Legumes
Grasses
Product Type
Fresh Forage
Stored Forage

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Key Market Trends

Increasing Demand for Meat and Meat Products

According to the Ministry of Agriculture, Food and Environment volume of beef consumption in the country is declining year after year. The raising concerns among consumers regarding the quality of the meat produced in the country is anticipated to be the reason behind the declining trend on the meat consumption. A rise in per capita income is expected to shift dietary preferences toward protein-rich diets. Increasing life expectancy and limited availability of land and water resources for animal feed production, and increasing use of these resources for food and ethanol production are increasing the demand for forage seed in the Spain meat industry. Furthermore, there has been immense pressure on the livestock sector to meet the increasing demand for high-value animal protein. The demand for alfalfa is increasing significantly and is driven due to changing production practices in the dairy industry. This is essentially due to the increasing number of cows raised by modern dairy farmers who prefer quality feeds. Hence the increasing demand for quality meat and meat products in the country is anticipated to increase the demand for forage seed in the market during the forecast period.

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Increased Livestock Population

According to the Food and Agriculture Organization in 2018, the Sheeps and Goats population were higher accounting for 18.6 million heads while cattle and buffaloes accounted for 6.5 million heads. According to research by Greenpeace organization, nearly USD 26.08 billion goes for increasing livestock production in the European Union in 2018. However, a recent study conducted across the region has shown that livestock production has increased above the safe bounds leading to the excess emission of greenhouse gas and affects bio-diversity. Hence, the EU is planning to reduce the free grazing method livestock farms which would slightly impact the European forage seed market in the upcoming years. Environmental regulations surrounding the global compound feed industry, and strict regulations on few feed additives, like antibiotics, are acting as challenges to the compound feed market, thereby affecting the livestock industry. Hence the Increased Livestock population in the country is expected to drive the forage seed market during the forecast period.

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Competitive Landscape

The Spain forage seed market is a concentrated market with few players such as Barenbrug UK Ltd, DLF Seeds Ltd, Limagrain UK Ltd, Advanta Seeds, S&W Seed Company dominating the market. Mergers & Acquisitions, expansions, partnership and product launched are the most adopted business strategies by these major players in the market. In the forage seed market, companies are not only competing based on product quality and promotion, but also focused on strategic moves to hold larger market shares. Major acquisitions are taking place between companies to expand the forage seed business.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Crop Type

      1. 5.1.1 Cereals

        1. 5.1.1.1 Forage Corn

        2. 5.1.1.2 Forage Sorghum

        3. 5.1.1.3 Other Cereals

      2. 5.1.2 Legumes

        1. 5.1.2.1 Alfalfa

        2. 5.1.2.2 Other Legumes

      3. 5.1.3 Grasses

    2. 5.2 Product Type

      1. 5.2.1 Fresh Forage

      2. 5.2.2 Stored Forage

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 DLF Seeds Ltd.

      2. 6.3.2 Tropical Seeds

      3. 6.3.3 Advanta Seeds

      4. 6.3.4 Corteva Agriscience

      5. 6.3.5 Grupo Batlle S.A

      6. 6.3.6 PURE SEED EUROPE

      7. 6.3.7 Pennington Seed, Inc.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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