Forage Seeds Market Overview
Forage Seeds Market Size was valued at USD 21.0 Billion in 2023. The Forage Seeds market industry is projected to grow from USD 22.533 Billion in 2024 to USD 36.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.36% during the forecast period (2024 - 2032). Rising demand for high-quality animal feed, expanding dairy and meat sectors, government backing and subsidies, rising livestock populations, improvements in breeding techniques, growing emphasis on sustainable agriculture, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Forage Seeds Market Trends
- Shift towards organic farming is driving the market growth
The market for fodder seeds has been significantly impacted by the move towards organic farming. A comprehensive approach to agricultural production known as "organic farming" places an emphasis on using natural inputs, sustainable practises, and avoiding synthetic chemicals and genetically modified organisms (GMOs). The demand for organic forage seeds is directly impacted by a number of variables that are the driving force behind this expanding trend. The shift to organic farming has been mostly driven by consumer choices and understanding of food safety and environmental sustainability. The possible health dangers linked to consuming synthetic pesticides, herbicides, and genetically engineered crops are raising concerns among consumers. Additionally, they are more aware of how traditional farming methods affect biodiversity, water resources, and soil quality.
As a result, there is an increase in demand for organic goods, such as organic dairy, meat, and eggs from cattle. Organic farmers need premium forage seeds that are both certified organic and GMO-free to meet this demand. Government policies and regulatory frameworks have also been essential in fostering the expansion of organic farming. To encourage the use of organic practises, numerous governments all over the world have established organic agricultural standards, certification schemes, and incentive schemes. Incentives for farmers to switch to organic farming include financial aid, research and development programmes, and subsidies. Farmers require access to organic forage seeds that are developed and produced without the use of synthetic chemicals or genetic modification in order to adhere to organic laws.
Additionally, the environmental advantages of organic farming have boosted its appeal. Enhancing biodiversity, preserving water resources, and reducing environmental pollution are the main goals of organic farming practises. As cover crops, green manures, and sources of food for organic livestock, forage crops are essential to organic agricultural systems. By ensuring that these crops are devoid of chemical residues and genetically engineered features, organic forage seeds contribute to the overall ecological integrity of organic farming. Additionally, the demand for organic livestock products has been fueled by the growing awareness of the significance of animal welfare. Animal welfare is given first priority in organic livestock farming regulations, including access to organic feed that is nutritionally balanced and devoid of synthetic additives. Forage crops make up a sizable portion of the organic feed for livestock, and organic forage seeds are necessary to satisfy the dietary requirements of animals fed organically. The success of organic livestock production depends on the availability of organic forage seeds that are suitable for various climatic conditions and animal nutritional requirements. Thus, driving the Forage Seeds market revenue.
Forage Seeds Market Segment Insights
Forage Seeds Crop-Type Insights
The Forage Seeds market segmentation, based on Crop-Type includes Clover, Ryegrass, Cereals and Others Plants. With 35.6 percent of market revenue, the clover category dominated. This is because it contains a lot of highly digestible fibre and a lot of protein, which is also good for beef cattle, horses, sheep, and goats. Another important category of forage seed is lucerne, which is used to enhance soil quality and lessen the demand for synthetic fertilisers.
Forage Seeds Livestock Insights
The Forage Seeds market segmentation, based on Livestock, includes Cattle, Swine, Poultry, Ruminant, and Others Species. The poultry category generated the most income. This is because there is a growing market for organic beef. Future demand for animal products is anticipated to rise as a result of socioeconomic reasons including growing human health concerns and shifting sociocultural norms.
Figure 1: Forage Seeds Market, by Livestock, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Forage Seeds Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Forage Seeds Market dominated this market in 2022 (45.80%). This is brought on by a rise in the need for forage as feed, a rise in the consumption of meat, and weather-related factors. Further, the U.S. Forage Seeds market held the largest market share, and the Canada Forage Seeds Market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: FORAGE SEEDS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Forage Seeds market accounts for the second-largest market share. The fodder market in the area is being driven by the increase in animal output and consumption. Further, the German Forage Seeds market held the largest market share, and the UK Forage Seeds market was the fastest growing market in the European region.
The Asia-Pacific Forage Seeds Market is expected to grow at the fastest CAGR from 2024 to 2032. The favorable view that Asian consumers have of less intensively produced and disease-free bovine meat is anticipated to continue to support market expansion in the region. Moreover, China’s Forage Seeds market held the largest market share, and the Indian Forage Seeds market was the fastest growing market in the Asia-Pacific region.
Forage Seeds Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Forage Seeds market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Forage Seeds industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Forage Seeds industry to benefit clients and increase the market sector. In recent years, the Forage Seeds industry has offered some of the most significant advantages to medicine. Major players in the Forage Seeds market, including Monsanto Company (U.S.), DOW Agrosciences LLC (U.S.), Advanta Seeds Limited (India), Land O Lakes Inc. (U.S.), Barenbrug Holding B.V. (Netherlands), E.I. du Pont de Nemours and Company (U.S.), Allied Seed LLC (U.S.), Northstar Seed Ltd. (Canada), Dynamic Seeds Ltd. (Thailand), Ampac Seed Co. (U.S.), and others, are attempting to increase market demand by investing in research and development operations.
Atkins Nutritionals, Inc. was established by Robert Atkins to market packaged low-carbohydrate meals for the Atkins diet. It now belongs to The Simply Good Foods Company as a subsidiary. The company sells low-carbohydrate bars, smoothies, and snacks. When Complementary Formulations was founded in 1989, it became Atkins Nutritionals, Inc. The business changed its name to Atkins Nutritionals in 1998. It was developed to improve the Atkins eating plan. After reading a study in the Journal of the American Medical Association, Atkins came up with the strategy. The article "Weight Reduction," written by Alfred W. Pennington, was published in 1958. Atkins used the study's findings to aid in his own weight loss. Atkins and CHEF'D inked a partnership agreement in May 2019. Our team's goal was to provide a low-carb lunch option for consumers who were worried about their lifestyle and health.
The Brunswick Corporation, formerly the Brunswick-Balke-Collender Company, is an American company that was established in 1845 and has been developing, producing, and marketing a variety of goods ever since. In 24 countries, Brunswick presently has over 13,000 employees. Sea Ray, Boston Whaler, Bayliner, Mercury Marine, Attwood, Lund, Crestliner, Mastervolt, MotorGuide, Harris Pontoons, Freedom Boat Club, Princecraft, Heyday, Lowe, Uttern, Quicksilver, and CZone are just a few of the several watercraft brands owned by Brunswick. A collaboration agreement was signed in June 2019 between the BRUNSWICK Company and VIR zoom to introduce the VIR zoom solution. If all went according to plan, this partnership was supposed to turn Life Fitness' se3 explore bikes into a virtual reality experience.
Key Companies in the Forage Seeds market include
- Monsanto Company (U.S.)
- DOW Agrosciences LLC (U.S.)
- Advanta Seeds Limited (India)
- Land O Lakes Inc. (U.S.)
- Barenbrug Holding B.V. (Netherlands)
- I. du Pont de Nemours and Company (U.S.)
- Allied Seed LLC (U.S.)
- Northstar Seed Ltd. (Canada)
- Dynamic Seeds Ltd. (Thailand)
- Ampac Seed Co. (U.S.)
Forage Seeds Industry Developments
In March 2024, Millborn Seeds from South Dakota is increasing its presence in North America by acquiring Union Forage in Alberta. The acquisition aligns with Millborn's aim to establishing a vertically integrated seed supply chain. By acquiring Union Forage, Millborn may further expand its operations across North America and provide Canadian consumers a wider range of seed solutions.
In June 2023, Advanta, a seeds firm, collaborated with nurture.farm to introduce the Nutrifeed Germination Scheme. This initiative is designed to safeguard farmers against the risk of germination failure in forage crop seeds, namely Forage Millet Hybrids Nutrifeed. Under the risk coverage, farmers receive compensation if the seeds of forage crops like sorghum, millet, and corn fail to germinate within 15 days of planting. Germination failure results in significant agricultural losses, making this strategy crucial for filling important gaps.
March 2022: The Albany, Oregon-based forage, cover crop, and turfgrass breeding company OreGro Seeds sold its assets to DLF.
Forage Seeds Market Segmentation
Forage Seeds Market Crop-Type Outlook
- Cereals
- Ryegrass
- Clover
- Other Plants
Forage Seeds Market Livestock Outlook
- Swine
- Poultry
- Ruminants
- Cattle
- Other Species
Forage Seeds Market Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Report Attribute/Metric |
Details |
|
Market Size 2023 |
USD 21.0 Billion |
|
Market Size 2024 |
USD 22.533 Billion |
|
Market Size 2032 |
USD 36.9 Billion |
|
Compound Annual Growth Rate (CAGR) |
6.36% (2024-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2024-2032 |
|
Historical Data |
2020- 2023 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Type, Distribution Channel, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
Monsanto Company (U.S.), DOW Agrosciences LLC (U.S.), Advanta Seeds Limited (India), Land O Lakes Inc. (U.S.), Barenbrug Holding B.V. (Netherlands), E.I. du Pont de Nemours and Company (U.S.), Allied Seed LLC (U.S.), Northstar Seed Ltd. (Canada), Dynamic Seeds Ltd. (Thailand), Ampac Seed Co. (U.S.) |
|
Key Market Opportunities |
Advancements in Breeding Technologies |
|
Key Market Dynamics |
Growing Focus on Sustainable Agriculture |
|
Forage Seeds Market Highlights:
Frequently Asked Questions (FAQ) :
The Forage Seeds market size was valued at USD 19.6 Billion in 2022.
The market is projected to grow at a CAGR of 6.36 % during the forecast period, 2024-2032.
North America had the largest share in the market.
The key players in the market are Monsanto Company (U.S.), DOW Agrosciences LLC (U.S.), Advanta Seeds Limited (India), Land O Lakes Inc. (U.S.), Barenbrug Holding B.V. (Netherlands), E.I. du Pont de Nemours and Company (U.S.), Allied Seed LLC (U.S.), Northstar Seed Ltd. (Canada), Dynamic Seeds Ltd. (Thailand), Ampac Seed Co. (U.S.).
The clover category dominated the market in 2022.
The Poultry had the largest share in the market.