Market Size of Spain Forage Seed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.30 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spain Forage Seed Market Analysis
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.
