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Forage Seed Market - Spain Market Shares, Forecasts and Trends (2020 - 2025)

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Market Insights

The Spain forage seed market estimated at USD XX billion in 2017 is expected to reach USD XX billion by 2022 at a CAGR of XX% over the forecasted period. Spain is the second largest alfalfa seed producer in Europe, after Italy. The total import of forage seeds was valued at USD 11.82 million in 2014. Forage seed such as alfalfa and vetch are plant seeds, which are germinated sometimes cross breaded, and conditioned to produce the final seeds for forage crops farmland. These are extensively used for grazing livestock.

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. Grass forage seeds are high in demand due to the increase in livestock feed demand in the country.

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. 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:

  • Allied Seed
  • Dynamic Seeds Ltd.
  • Brett Young
  • Golden Acre Seeds
  • Moore Seed Processors
  • Pickseed Canada Ltd.
  • Foster Feed and Seed

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

  • Market analysis for the Spain 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 Spain 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.

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