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Global Forage Seed Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Global Forage Seed Industry: Forecasts to 2020

  • March 2015
  • 81 pages
  • ID: 2841847
In this report:
Currently, the market for forage seed in India and China are comparatively smaller as compared to other countries, but the forage seed market is expected to witness a decent growth in forecast period with a high CAGR growth rate.
Owing to, increasing demand of forage feed from various agricultural farms and livestock farms the demand for forage seeds are expected to increase throughout the forecast period.

Summary

Table of Contents

The overall forage seed market is forecast to witness a stagnant growth during the outlook period. Owing to, growing demand of forage feed from different agricultural farms and livestock farms the demand for forage seeds are anticipated to increase throughout the estimate period. Additionally, rising number of poultry birds and cattle is also anticipated to boost the sector demand for forage feed. Growing overall meat consumption and demand for dairy products are also fueling the market demand for forage seed. Livestock farmers in order to improve productivity are focusing on good quality of forage goods in order to meet changing customer requirements. The scope of the overall forage seed market also offers an insight into value and volume of forage seeds across North America (NA), Europe (EU), Asia-Pac and Rest of the globe.

Forage feed manufacturers use legumes and grass seeds to plant pastures and hayfields. Established on product types, the forage seed market is classified into alfalfa, clover, chicory, ryegrass, lablab, and fescue among others. Rising meat consumption is one of the main factors driving the industry demand for forage seeds globally. Nowadays, consumers are very health conscious, and they prefer to consume organic food and meat products. To meet consumer requirements, producers are focusing on using high-yielding forage crops for feeding livestock instead of using additives and crop protection chemical products in forage crop production. Forage feed producers prefer to avoid additives and crop protection chemical products in forage crop production. Owing to these factors, the sector demand for forage seeds is forecast to boost the market demand for forage seed in the outlook period. Moreover, high yielding, forage seeds also help agricultural producers in crop rotation and risk diversification by enhancing the soil quality. These forage seeds are used for feeding livestock including poultry, cattle, swine, and aquaculture animals. Farmers prefer to use forage seeds for feeding purpose, as these are available at lower prices and cultivation of these seeds generates some economic benefits including crop rotation, risk diversification, and improve soil structure and prevention of soil erosion.

The overall forage seed market, by livestock type is broken down into - poultry farms, cattle farms, pork or swine farms among others. Due to growing demand for poultry meat and eggs, poultry farms are focusing on providing good forages to the poultry birds that increases the industry demand for forage seeds. Additionally, the increasing dairy industry is farther contributing to the growth of forage crops that helps to increase the sector demand for forage seeds. Rising livestock size helps to increase the market demand for forage seed that are used for animal feeding.

In this industry report, the sector has been divided into by product type, by livestock type and by territory. It also comprises the drivers, market restraints and alternatives, and supply chain of the forage seed market. The market research features current market trends and offers the outlook from 2014 to 2020. We have also covered the current market scenario for forage seeds and highlighted its future trends that will affect the industry demand for forage seed.

By area, the industry has been divided into north america, EU, Asia Pacific (APAC) and RoW. The present market size and estimate till 2020 have been specified in the industry report. In North America continent, the U.S.A is forecast to experience strong growth in the next years succeeded by France (FR) and China (CN) in Europe (EU) and Asia Pacific (APAC) respectively. Currently, the sector for forage seed in India (IN) and China (CN) are comparatively smaller as compared to other countries, but the forage seed market is forecast to witness a decent growth in forecast period with a high Compound annual growth rate increase rate.

The study also analyzes distinct factors influencing and inhibiting the growth of the forage seed market. The Analysis of market appeal specified in the analysis features main investing areas in this industry. The market research will help the agricultural and livestock farmers, providers and distributors to comprehend the present and future trends in this sector and formulate their business strategies accordingly

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