Globally Europe is the second largest market for the forage seeds.
The Europe forage seed market was USD 2.98 billion in 2016 and expected to reach 4.34 billion by 2021 at a CAGR of 7.79% during the forecast period 2016-2021.
Mainly legume and forage are produced in Denmark, Germany, Netherland and France. In Europe livestock farmers mainly use forage seeds for horse, goat and sheep.Alfalfa forage seed was first forage seed grown in Europe and now holds largest market share in Europe.
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Forage has plants as well seeds which are consumed by livestock, hence key end users are forage farmers, dairy farmers and millers. Production of these seeds depends upon the species and variety of crops to be grown.
Forage feed manufacturers use legumes and grass seeds to plant pastures and hayfields.
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- By Product Type
o Others (Including lablab, fescue.)
- By Livestock Type
o Others (Including aquaculture.)
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Increase in consumption of animal products has fuelled the demand of forage seeds. A major factor for the developed regions is shrinkage of grazing animal lands which directly strengthen the forage seed market.
High investment for seed production, soil conditions and unpredictable seed cycle are some of the restrains for the market in Europe. The European seed association law is also not favourable for the market.
Mainly the market is segregated in terms of livestock type, namely, cattle, swine/pork, poultry and others (Including aquaculture.). 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.). Among these alfalfa segment is the largest contributor to the market.
The key players in the market are Hancock Farm & Seed Co., Golden Acre Seeds, Dynamic Seeds Ltd., North star 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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