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Alfalfa Seed Market - Segmented by Geography - Growth, Trends, and Forecast (2018 - 2023)

Alfalfa Seed Market - Segmented by Geography - Growth, Trends, and Forecast (2018 - 2023)

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.

Growing Industrial Livestock Production and Rising Demand for Meat & Dairy Products
In developing countries, the annual growth of meat production is projected to be 2.4% and of milk production to be 2.5% by 2030. This is expected to raise the developing countries' share in world meat production to 66% (247 million metric ton) and in milk production to 55% (484 million metric ton) by 2030. The growth in livestock production will create a demand for better forage-crops, as people are highly concerned about the improved quality of meat. The rise in demand for forage-crops can only be backed with better quality forage seeds.

North America to Dominate the Market Growth
The United States is the leading nation in the global alfalfa seeds for sowing market, with a considerable import & export share in the global trade. The US is the largest exporter of alfalfa seeds for sowing globally. US exports represented 25.55% of the global alfalfa seeds for sowing export during 2015. The US also imports alfalfa seeds for sowing from Italy, which had US market share of 2.9% in 2016. During 2016, the US exported alfalfa seeds for sowing worth USD 120.37 million. Saudi Arabia, Mexico, Canada, Argentina, China, Peru, Algeria, and Sudan are the top importers of alfalfa seeds for sowing from the US. During the period of 2010-2015, the US imports of the alfalfa seeds for sowing witnessed a CAGR of 5.0%.

Major Players: Monsanto Company, LG Seeds, Dyna-Gro Seeds, Hazera Seeds, and Forage Genetics International, among others.                                    

Reasons to Purchase this Report
Identify the dominating and the fastest-growing regions in the global alfalfa seeds market and their growth trends during the forecasted period
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand which product group and application is expected to dominate the market
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel).
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1. Introduction
1.1 Market Definition
1.2 Key Findings of the Study
2. Research Scope & Methodology
2.1 Study Deliverables
2.2 Study Assumptions
2.3 Research Methodology
2.4 Research Phases
3. Market Dynamics
3.1 Drivers
3.1.1 Growing Industrial Livestock Production & Rising Demand for Meat & Dairy Products
3.1.2 Increasing Adoption of Hybrid Seeds
3.1.3 Decrease in Area for Grazing
3.2 Restraints
3.2.1 Requirement of Large Quantity of Water for Irrigation
3.2.2 Lower Yield than Other Forage Crops
3.2.3 Lower Awareness in Developing Regions
4. Industry Analysis
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Competitive Rivalry
4.1.4 Threat of New Entrants
4.1.5 Threat of Substitutes
5. Market Segmentation
5.1 By Geography
5.1.1 North America United States Canada Mexico Rest of North America
5.1.2 Europe Germany United Kingdom France Spain Italy Rest of Europe
5.1.3 Asia-Pacific China Japan India Australia Rest of Asia-Pacific
5.1.4 South America Brazil Argentina Rest of South America
5.1.5 Africa Egypt South Africa Rest of Africa
6. Competitive Landscape
6.1 Strategies Adopted by Leading Players
6.2 Most Active Companies
6.3 Market Share Analysis
7. Company Profiles#
7.1 Alforex Seeds LLC
7.2 DLF International Seeds
7.3 DuPont Pioneer
7.4 Dyna-Gro Seed
7.5 Forage Genetics International
7.6 Hazera Seeds Inc.
7.7 Lacrosse Seed
7.8 LG Seeds
7.9 Monsanto Company
7.10 S&W Seeds Company
#List not exhaustive
8. Future Outlook of the Market
9. Appendix
10. Disclaimer

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