Europe Forage Seed Market - By Product Type, Application and Geography - Market Shares, Forecasts And Trends (2017 - 2022)
The Europe forage seed market has estimated to be XX billion US$ in 2014 and expected to reach XX billion US$ by 2020 at a CAGR of 9% during the forecasted period 2015-2020. Europe is the second largest market for the forage seed globally. Forage seed are the germinated seed to cultivate the forage crops such as Alfalfa, Timothy, clover, Ryegrass which is edible plant parts to be utilized by the grazing livestock as a feed. Over 44% of Europeâ€™s land is used for agriculture production. Forage seed production area in Europe is about 337410 Ha. The main European country for legume and forage seed production are Denmark followed by Germany, Netherland and France. About half of the grass and forage seed is produced by the Denmark. Rye grass and fescue dominate the forage production constitutes about 106 895 ha and 42 935 ha respectively. Among legumes the Alfalfa seed production is the highest. The increasing population of meat and milk animals has boosted the demand of forage seed market. Increased in the popularity and demand of organic feed for animals have raise the market of forage seed.
In Europe the forage seeds are mainly used for horse, goat and sheep fodder by the livestock farmers. The application of forage seed is in the commercially grown crop lands by the miller, in the forage grass land for grazing livestock by the forage farmers and the dairy farmers. Grass forage seeds are high in demand due to the increase in livestock feed demand in the country. Alfalfa forage seeds was the first grown forage seed in Europe and has covered the largest market share in the forage seed market by value.
The tremendous growth in consumption of animal products has increased the demand for the livestock feed which directly strengthen the forage seed market. The major drivers for the market are, increased demand for organic food and feed products, consumer demand for livestock products, increased in high yielding cattle or breed cattle demand for feed, growth in population and the shrinkage of land for the grazing animals. However the European seed association law which regulates the forage seed market being a restrain for the market. The high investment for the forage seed production has affecting the market growth. Unpredictability of seed cycle, Soil condition, Climatic change, and the time incentive returns being the restraint for the market. The genetic modified forage seeds is facing a regulatory barrier in European market which has a negative impact on the trade. The cost of forage seed is more which creates an unwillingness for the farmers to buy the high cost seed for the feed.
Market is segmented on the basis of crop type, product type and animal type. The market segmentation on the type of crop production are divided into cereal crops, legumes or grasses for grazing animals. Forage product type is further sub segmented into the storage purpose forage and fresh forage. Forage are grown for conservation to preserve them for the time when it is unavailable in the market. It is stored as hay through drying process and as silage through fermentation process. The market segmentation through cattle type includes cross breed cattle, indigenous cattle and buffalos.
Increased demand of high potential and organically produced seeds are creating new opportunity for the market. The high investment in the production of forage seed and its high cost is still a big challenge for the market growth. The key players in the market are Alied Seed, Dynamic Seeds Ltd., Brett Young, Golden Acre Seeds, Moore Seed Processors, Pickseed Canada Ltd., Foster feed and seed, among others. The major competitors prefers investment in new product development with more nutritional potential, product with higher insect resisting capabilities to minimize the crop losses and marketing strategy for maintaining their market position.
Market analysis for the European Forage seed Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the global Forage seed market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped