DUBLIN--(BUSINESS WIRE)--The "Alfalfa Seed Market - Segmented by Geography - Growth, Trends, and Forecast (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
The global alfalfa seed market is expected to record a robust CAGR of
6.5% during the forecast period (2018-2023).
In the United States, alfalfa is used heavily in feeding programs of
various livestock due to better yield and quality prospects. Due to its
high versatility, alfalfa has been used as hay, silage, grazing,
green-chop, or rotation crop.
In February 2016, the US Department of Agriculture (USDA) announced the
availability of USD 1.85 million for the funding of the Alfalfa and
Forage Research Program (AFRP) to improve the yield of alfalfa forage
and seed. The program also trains the producers of alfalfa in the best
practices that can be used in production and marketing.
Major Players are Monsanto Company, LG Seeds, Dyna-Gro Seeds, Hazera
Seeds, and Forage Genetics International, among others.
Market Dynamics
Drivers
Drivers
- Growing Industrial Livestock Production & Rising Demand for Meat & Dairy Products
- Increasing Adoption of Hybrid Seeds
- Decrease in Area for Grazing
- Requirement of Large Quantity of Water for Irrigation
- Lower Yield than Other Forage Crops
- Lower Awareness in Developing Regions
Companies Profiled
- Alforex Seeds LLC
- DLF International Seeds
- DuPont Pioneer
- Dyna-Gro Seed
- Forage Genetics International
- Hazera Seeds Inc.
- Lacrosse Seed
- LG Seeds
- Monsanto Company
- S&W Seeds Company
Key Topics Covered
1. Introduction
2. Research Scope & Methodology
3. Market Dynamics
4. Industry Analysis
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
8. Future Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/gdbd9s/the_global?w=4
