Press release
Forage Seeds Market is poised to reach $1.27 billion by 2021
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Forage seeds are used for feeding livestock including poultry, cattle, swine, and aquaculture animals. Farmers prefer to use forage seeds for feeding purpose as cultivation of these seeds generates some economic benefits such as crop rotation, risk diversification, and improve soil structure and prevention of soil erosion.
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The major drivers for the market are steady increase in population, emerging per capita income, increased demand for dairy and animal products, low productivity of cattle, increased in breed cattle demand for feed, government subsidies and the shrinkage of land for the grazing animals. The livestock sector in Middle-East and Africa is undergoing a major transformation. Rapidly increasing populations, increases in per capita income and, especially, increases in urbanization are driving the forage seed market. Although the quality potential of the forage seed is quite high and so the cost is more which restricts the market growth.
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Mainly the market is segregated in terms of livestock type, namely, cattle, swine/pork, poultry and others (Including aquaculture etc.). Poultry segment holds the largest share in the market, poultry farms are concentrating on quality seeds for better productivity as the demand for meat and eggs is increasing. Classification is also done based upon the plant type into chicory, ryegrass, clover, alfalfa and others (Including lablab, fescue etc.). Among these alfalfa segment is the largest contributor to the market.
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Key Players in the Middle-East and Africa market are Hancock Farm & Seed Co., Golden Acre Seeds, Dynamic Seeds Ltd., Northstar Seed Ltd., Brett young, Moore Seed Processors, Foster’s Seed and Feed, Allied Seed, LLC, BASF SE and Dow AgroSciences LLC.
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