Global Forage Seeds Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global forage seeds market in its upcoming report titled, “Global Forage Seeds Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global forage seeds market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global forage seeds market report has been segmented on the basis of product type, species, livestock, and region.

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Forages are edible parts of plants such as plant leaves and stems which can be consumed by livestock. These edible parts, other than separated grains, can provide feed for several grazing animals such as cows, horses, sheep, and goats. Forage seed target players use grass seeds and legumes to plant hayfields and pastures.

Forage crops are relatively cheaper as compared to most grain crops and therefore they can be used as a rotation crop, which is increasing its adoption among farmers over the forecast period. The benefits of using forage as a rotational crop include occurrence of disease free subsequent crops, increases yield and improve soil fertility for subsequent cereal crops, which leads to reduced use of fertilizers and pesticides in successive crop cycles. The other factors driving growth of target market is increasing awareness about livestock health and rising preference for natural animal feed products among consumers in the near future. Furthermore, increasing breed cattle demand for forage owing to decreasing land for grazing is another factor expected to drive growth of the global market.

However, lack of awareness owing to benefits associated with use of forage seeds among farmers and availability of alternatives such as beet pulp, soybean hulls, etc. are major factors expected to hamper growth of the global forage seeds market.

Development of cost-effective forage seeds and promotional activities using social platforms to increase awareness among farmers can create high revenue opportunities for target players in the market.

The market in North America accounts for largest market share in terms of revenue and is expected to maintain its dominancy over the forecast period, owing to rising demand for forage products due to increasing livestock population especially meat. In 2017, the Department for Environment Food & Rural Affairs also reported that animal feed production has increased around 10% for sheep and 7% for cattle in the US. The market in Europe is expected to account for second-highest share in the market in terms of revenue over the forecast period, owing to increasing use of forage to feed domesticated animals and meet rising meat demand in the region. The market in Asia Pacific is expected to show a significant growth especially in Chain and India.

Global Forage Seeds Market Segmentation:

Segmentation by product type:

• Clover
• Chicory
• Alfalfa
• Ryegrass

Segmentation by species:

• Grasses
• Legumes

Segmentation by livestock:

• Cattle
• Poultry
• Others (Ruminants and Swine)

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa