Transparency Market
Research has published a new market report titled “Global
Forage Seed Market - Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2014 - 2020.” According to the report,
global forage seed market is valued at USD 10,789.3 million in 2014
and is expected to reach USD 17508.5 million by 2020, growing at a
CAGR of 8.4% from 2014 to 2020. In North America, the U.S. is an
attractive market for forage seeds in 2014 and is expected to become
the most lucrative market for these products by 2020. North America
is the major market for forage seed, followed by Europe and Asia
Pacific.
Low price of forage
seeds are creating a positive impact on the demand for forage seeds
that are used for feeding livestock. Furthermore, the economic
benefits such as prevention of soil erosion, improve soil structure,
crop rotation among others that are caused from cultivation of forage
seeds also helps to increase the demand for the same. Changing food
habits and rising demand for dairy products and meat products is
expected to boost the demand for livestock. Therefore, livestock
farmers are focusing on providing good forages to livestock to
increase the production level. Owing to these factors, the demand for
forage seed is expected to increase over the forecast period.
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Research Report of
Global Forage Seed Market :
At present Asia
Pacific is comparatively smaller market as compared to other
developed regions. However, this market is expected to experience a
robust growth during the forecast period. Emerging countries such as
France, Ireland, China, India, and Brazil among others are the fast
growing markets for forage seed.
Geographically, the
U.S. in North America is expected to experience strong growth in the
forecast period, while France in Europe and China in Asia Pacific are
expected to witness sluggish growth as compared to other countries in
terms of usages of forage seed as livestock feed. The U.S. market
accounted for the largest share of the forage seed in North America
in 2014, followed by France in Europe. China in Asia Pacific is
anticipated to continue its dominance in the global forage seed
market till 2020.
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By product type, the
forage seed market has been segmented into – alfalfa, clover,
ryegrass, chicory and others including lablab and fescue among
others. Alfalfa seed is the largest segment followed by clover and
ryegrass in 2014. The increasing demand for forage feed is expected
to boost the demand for Alfalfa seed throughout the forecast period.
However, clover and ryegrass seed are also contributing to the growth
of forage seed market. The forage seed market is also segmented by
livestock type, namely poultry, cattle, pork/swine and others
(including aquaculture). In forage seed market, poultry is one of the
major segments generating a major portion of total revenue. Others
livestock segment including aquaculture in overall forage seed market
is the fastest growing livestock segment, growing at a CAGR of 11.9%
throughout the forecast period.
The forage seed
market has been segmented as follows:
Global Forage
Seed Market has been segmented as follows
Forage seed
market, by product type market size and forecast, 2013 - 2020
- Alfalfa
- Clover
- Ryegrass
- Chicory
- Others (Including lablab, fescue etc)
Forage seed
market, by livestock type market size and forecast, 2013 - 2020
- Poultry
- Cattle
- Pork/Swine
- Others (Including aquaculture etc)
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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Release of Global
Forage Seed Market :
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