2019 Market Reports | Grass Seed (Forage Seed) Market Sales and Revenue | Forecast To 2028
Grass Seed (Forage Seed) Market is
projected to display higher growth in the forecast period due to rise in demand
for dairy products. Forage seeds are plant stems and leaves consumed by the
grazing livestock. Forage seeds are highly nutritious and digestible that
directly affect intestinal health of livestock and help maintain their growth
rate.
Factors influencing the growth of grass seed (forage seed)
market are rising awareness of the health benefits of dairy products,
inclination of farmers towards quality forage seeds to produce quality milk.
Moreover, continuous adoption of technology that helps in managing livestock
for scalable profit and increase in demand for nutritious forage seeds like
chicory, ryegrass, clover and brassicas are also fuelling the market. However,
irregular growth cycle in seed and low funding for research activities is
hampering the market growth.
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Increasing economic benefits of the production of forage
seeds like business flexibility and improvement in soil health are trending in
the market. Nevertheless, grass seed (forage seed) market is hampered by
adverse climatic conditions that affects forage production.
Market is categorized on the basis of type, livestock type,
and geography. On the basis of type, market is divided into fresh forage and
stored forage. Stored forage is further segmented as hay and silage. Stored
forage is expected to lead the market due to changing climate that increases
the demand. Based on livestock type, the market is divided into cattle farms,
poultry farms, swine farms, pork, and others. Poultry farms segment leads the
grass seed (forage seed) industry due to high demand for poultry products from
consumers.
Geographically, market is segmented as North America, Latin
America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is
expected to dominate the market due to rise in production of livestock and high
demand for cattle feed. North America, Europe, and Middle East & Africa
regions are also expected to contribute significantly to the market in the
forecast period.
The prominent players in grass seed (forage seed) market comprise
AgReliant Genetics, Allied Seed LLC, BrettYoung, DLF Seed & Science,
Northstar Seeds Ltd, DowDupont, Hancock Farm & Seeds Co., PGG Wrightson,
AMPAC Seed Company, Foster’s Seed and Feed, Advanta Seeds, Barenbrug Seeds,
Canterbury Seeds, and Blue River Hybrid Organic Seeds.
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