The UK forage seed market estimated at USD XX billion in 2016 is expected to reach USD XX billion by 2022 at a CAGR of XX% over the forecasted period. The UK is the fourth largest producer of forage seed in Europe. The total import of forage seeds was valued to be USD 16.0 million in the year 2014 and exports at only USD 3.0 million.
Ryegrass, timothy, alfalfa, and clover are the major forage seeds produced in the UK. Ryegrass holds about 80% market of the grass forage seed variety. 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 and forage crops are mostly used for dairy animal feed in the UK. The increased production of sheep and beef livestock has raised the demand for forage seeds in the market. Livestock farmers contribute to a major share in the forage seed usage required as a feed for grazing animals.
The major drivers for the market are increased demand for organic food and feed products, high 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 the grazing animals. Increased demand of high potential and organically produced forage seeds are creating new opportunities for the market. However, the regulatory barrier for GMO products, high investment for forage seed production, unpredictability of seed cycle, soil condition, climate change, and the time incentive returns are restraints for the market. 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.
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. In the UK, hay storage of forage products is dominant and conservation of forage is highly required due to climatic change. 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
- 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 UK 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 UK 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.
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definitions
2. Research Approach and Methodology
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. Key Findings of the Study
4. Market Overview
4.1.1 UK Forage Seed Industry Analysis
4.1.2 Global Forage Seed Industry Analysis
4.2 Market Dynamics
4.3.1 Increased Demand for Dairy Products
4.3.2 Increased Demand for Animal Product
4.3.3 Consumer Demand for Organic Food and Feed Products
4.3.4 Shrinkage of Open Land for Grazing Animal
4.3.5 Abrupt Increase in Population
4.3.6 Increased Specialized Feed Requirement due to Introduction of High Yielding Cattle
4.4.1 Government Regulation for GMO Products
4.4.2 Unpredictability of Seed Cycle
4.4.3 Climatic Condition
4.4.4 Time Incentive Returns
4.4.5 Requires Large Investment
4.4.6 Unwillingness of Farmer to Pay for High-Quality Forage Seeds
4.5.1 Increase in Production of Cross Breed Livestock
4.5.2 Increase in Demand for Weed Free Forage Seed
4.6 Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products and Services
4.6.5 Degree of Competition
5. Market Segmentation
5.1 By Crop Type
5.2 By Product Type
5.2.1 Stored Forage
5.2.2 Fresh Forage
5.3 By Animal Type
6. Competitive Landscape
6.1 Strategies Adopted by Major Players and Most Active Companies
6.2 Market Share Analysis
7. Company Profiles
7.1 Dynamic Seeds Ltd.
7.2 Brett Young
7.3 Golden Acre Seeds
7.4 Moore Seed Processors
7.5 Pickseed Canada Ltd.
7.6 Foster's Seed and Feed
7.7 Allied Seed
7.8 Northstar Seed Ltd.
7.9 Hancock Farm and Seed Co.
7.10 Advanta Seed International
7.11 Dairyland Seeds
7.12 DLF International Seeds
7.13 Barenburg Seeds, USA
7.14 Blue River Hybrids Organic Seeds
7.15 Ampac Seed Company
7.16 Brett Young Seed Company
List of Tables
1: UK: Forage Seeds Market Revenues, by Crop Type, 2012-2021 (USD million)
2: UK: Cereal Forage Seeds Market Revenues, 2012-2021 (USD million)
3: UK: Legume Forage Seeds Market Revenues, 2012-2021 (USD million)
4: UK: Grasses Forage Seeds Market Revenues, 2012-2021 (USD million)
5: UK: Forage Seeds Market Revenues, by Product Type, 2012-2021 (USD million)
6: UK: Stored Forage Seeds Market Revenues, by Crop Type, 2012-2021 (USD million)
7: UK: Silage Forage Seeds Market Revenues, by Crop Type, 2012-2021 (USD million)
8: UK: Hay Forage Seeds Market Revenues, by Crop Type, 2012-2021 (USD million)
9: UK: Fresh Forage Seeds Market Revenues, by Crop Type, 2012-2021 (USD million)
10: UK: Forage Seeds Market Revenues, by Animal Type, 2012-2021 (USD million)
11: UK: Ruminant Forage Seeds Market Revenues, by Crop Type, 2012-2021 (USD million)
12: UK: Swine Forage Seeds Market Revenues, by Crop Type, 2012-2021 (USD million)
13: UK: Poultry Forage Seeds Market Revenues, by Crop Type, 2012-2021 (USD million)
14: UK: Others Forage Seeds Market Revenues, by Crop Type, 2012-2021 (USD million)