The forage seeds market is projected to grow at a CAGR of 9.81% from 2016, to reach USD 17.37 Billion by 2022. The increase in demand for animal feed and livestock production are resulting in market growth for forage seeds, globally. Forages provide protein, fiber, and energy to the livestock, which helps to save the costs incurred on protein and other supplements.
On the basis of type, the alfalfa segment accounted for the largest market in the forage seeds market in 2015. Alfalfa contains about 15% to 22% crude protein and high volume of 10 different vitamins. It is primarily used for feeding cattle, goats, horses, sheep, and dairy cows.
On the basis of livestock, the cattle segment accounted for the highest consumption of the forage seeds in 2015. The quality of milk and meat products depends on the quality of feed used for cattle. Forages are added to cattle feed by livestock producers to ensure optimum production and performance. They help to increase the milk quantity and improve the immune system of cattle and feed efficiency.
On the basis of species, the grasses segment is projected to grow at a higher growth rate in the global forage seeds market from 2016 to 2022. Forage grasses include natural grasses for grazing, pasture, and hay crops. Grasses help to maintain the balance of chemical compounds in the feed of ruminants.
- Advanta Seed Limited
- Allied Seed LLC
- Ampac Seed Company
- Barenbrug Holding B.V.
- DOW Agrosciences LLC
- E.I. Du Pont De Nemours and Company
- Imperial Seed Ltd.
- Land O' Lakes, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Forage Seed Market, By Type
7 Forage Seeds Market, By Livestock
8 Forage Seeds Market, By Species
9 Forage Seeds Market, By Origin
10 Forage Seeds Market, By Form
11 Forage Seeds Market, By Region
12 Competitive Landscape
13 Company Profile
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