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Market Overview:

Forage is a plant material that mainly includes plant leaves and stems that are employed for grazing livestock. Forage seeds are plants or other plant parts used for feeding poultry, livestock cattle, swine, and other animals. Forage seeds have several benefits that include, escalated yield in successive crops, enhanced internal drainage, and others. Furthermore, forage seeds do not use artificial fertilizers and pesticides, hence, assisting in improving the soil quality. The global forage seeds market is likely to reach USD 18.59 billion by 2024 at a CAGR of 8.3% from USD 12.48 billion in 2019. 

Market drivers and restraints:

Increasing awareness about livestock health and inclination towards natural animal feed has increased the call for forage seeds in animal feed preparation. Moreover, rising livestock population and reduction in the grazing land area are considered to be the crucial factors for the expansion of this market. In addition to that, economic advantages related to the cultivation of this seed such as prevention of soil erosion and betterment of soil quality has allowed farmers to switch to forage cultivation.

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Report segmented as:

By type:

Legumes
Grasses
Cereals
Others
By livestock:

Cattle
Swine
Poultry
Ruminant
Others
Geographical analysis:

The global forage seeds market is segregated into North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe is leading the world market followed by North America. In Europe, Germany and the U.K are the key contributors of poultry products that, in turn, fuel the market expansion in this region.

Important market players:

Some of the major players operating in the global forage seeds market are: Monsanto Company (U.S.), DOW Agrosciences LLC (U.S.), Advanta Seeds Limited (India), Land O Lakes Inc. (U.S.), Barenbrug Holding B.V. (the Netherlands), E.I. du Pont de Nemours and Company (U.S.), Allied Seed, LLC (U.S.), Northstar Seed Ltd. (Canada), Dynamic Seeds Ltd. (Thailand), and Ampac Seed Co. (U.S.), among others.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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