(Food-Beverage-News.Com, May 11, 2017 ) According to the report “ Global Forage Seeds Market ”, published by Market Data Forecast, the global market projected to reach USD 15.85 billion by 2021, at a CGSR of 8.3% from 2016 to 2021.
Forage includes plants which are consumed by the grazing livestock and even some wildlife animals. Forage plants include Ryegrass, Alfalfa, chicory, Timothy, Bent grass, Clover, Birds foot trefoll etc. Firstly, forage seeds are obtained from the forage plants and then provided to the seed grower for further processing to get the purified seeds with maximum potential.
The demand for forage seeds have raised due to emerging livestock feed sector. Livestock feed production is high in demand which is accomplished by these seeds. In addition to that Low price of the seeds as compared to other oil seed or wheat bran is majorly driving the market. However, the currently available forage seeds are low in protein and minerals which decrease their demand to some extent.
The products are segmented based on Product type and Livestock and studied for a deep-level understanding of the Forage Seeds Market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
Geographically the market is divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is the largest forage seed market globally and rising demand has improved the market growth. Though Asia Pacific is a smaller market as compared to the developed regions, it is anticipated a healthy growth. China leads the Asia Pacific market and is witnessed to maintain its superiority.
The key players in Global Forage Seeds Market are Hancock Farm & Seed Co., Brett young, Allied Seed, Golden Acre Seeds, Dynamic Seeds Ltd., LLC, BASF SE, Moore Seed Processors, Foster’s Seed and Feed, North Star Seed Ltd., and Dow Agro Sciences LLC.
The Forage Seeds Market study offers the following deliverables:
•Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
•Segment-level analysis in terms of Product type and Livestock along with market size forecasts and estimations to detect key areas of industry growth in detail
•Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
•Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
•Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
•A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
•Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
•An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
•Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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