According to a new market report by Lucintel, the future of the forage seed market looks promising with various opportunities. The forage seed market is expected to grow with a CAGR of 10% from 2019 to 2024. The major growth drivers for this market are increase in livestock population and rising awareness about livestock health and inclination towards natural animal feed.
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In this market, alfalfa, clover, ryegrass, and chicory are the major forage seeds. Alfalfa is the largest segment in the forage seed market. Alfalfa improves the digestive and intestinal health of livestock.
With in this market, cattle are expected to remain the largest segment by livestock over the forecast period because quality of milk and meat products depends on the quality of feed fed.
Asia Pacific will remain the largest market over the forecast period due to increase in demand for animal feed, reduction in the availability of grazing land, and growth in demand for dairy products.
Monsanto Company, Land O’Lakes, Advanta Seeds Pty Ltd, Brettyoung, Barenburg Holdings B.V., Allied Seed, LLC, BASF, AMPAC Seed Co., and Imperial Seed Ltd. are among the major manufacturers of forage seeds.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the forage seed market by seed type, livestock, species, origin, form, and region. Lucintel has prepared a comprehensive research report entitled "Forage Seed Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the forage seed market by seed type, livestock, species, origin, form, and region as follows:
By Seed Type [$M shipment analysis for 2013 – 2024]:
Alfalfa
Clover
Ryegrass
Chicory
By Livestock [$M shipment analysis for 2013 – 2024]:
By Species [$M shipment analysis for 2013 – 2024]:
By Form [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Asia Pacific
RoW (Brazil and South Africa)
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/forage-seed-market.aspx or helpdesk@lucintel.com.
About Lucintel
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