Market Trends of United States Forage Seed Industry
This section covers the major market trends shaping the US Forage Seed Market according to our research experts:
Demand for Organic Food and Feed Products
The major drivers of the market are increased consumer preference for organic food and feed products, consumer demand for dairy and animal products, rise in breed cattle demand for feed, growth in population, and the shrinkage of land for grazing animals. The rising domestic and international demand, especially in the Middle Eastern countries, led to an increased demand for forage seeds in the region. Growing concerns of consumers over food safety propelled the demand for organic foods, and incidentally, have affected global beef production. The demand for organic beef meat is gaining traction, particularly in developed markets, in line with the rising confidence of consumers toward organic beef, over regular beef.
Growing Demand for Dairy and Meat Products
Globally, increasing population trends are supporting the growth of the dairy, meat, and seafood markets. Increasing life expectancy, limited availability of land and water resources for animal feed production, and increasing usage of these resources for food production are increasing the demand for animal feed in the global dairy and meat industry. The highest growth of meat consumption is expected to be registered in the Asia-Pacific and Latin American regions, because of the changing diet patterns, population, and economic growth. For example, China consumes around 28% of the world's meat. Thus, it is essential to maintain the quality of feed for animals. This, in turn, is influencing the growth of the forage seed market.
