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India Forage Seed Market Growth, Trends, and Forecasts (2017 - 2022)

India Forage Seed Market Growth, Trends, and Forecasts (2017 - 2022)

Market Insights

The India forage seed market was estimated at USD XX million in 2015 and is expected to increase to USD 79.2 million by 2021, witnessing a CAGR of 18.1% during the forecast period (2017 - 2022).

Forage seeds are used by farmers to grow forage crops such as alfalfa, clover, sorghum, berseem, etc., which are utilized by the grazing livestock as feed. Sorghum and berseem occupied a major share of about 54% of the total cultivated fodder crops in India, in 2015. India has established forage seed production programs and over 200 companies are involved in the business, currently. The export of forage seed was USD 2.9 million in 2013.

Market Dynamics

The major drivers of the forage seed market include the steady increase in population, emerging per capita income, higher demand for dairy and animal products, low productivity of cattle, increased in-breed cattle demand for feed, government subsidies and the shrinkage of land for the grazing animals. The unpredictability of seed cycle, soil condition, climatic change, periodic drought characteristics of the region and the time incentive returns are the major restraints of the market. Moreover, one of the key obstacles to the growth of India forage seed market is the lack of government support for the animal feed industry. However, looking at the increasing price trend in forage crops, farmers may adopt the high-priced seeds, further stimulating the market growth in India.

Market Segmentation

The India forage seed market can be segmented by crop type, product type, animal type and geography. On the basis of crop type, the market is segmented into legumes, cereals, and grasses. Among forage crops, cereal forage seeds form the largest market segment, with 38% share of the forage seed market. An increased demand for poultry, dairy, and beef products has accelerated the demand for high-quality forage seeds. The market is also segmented by the product type into stored forage and fresh forage. The stored forage is segmented into silage and hay. The market is further segmented by animal type into cattle, swine, and poultry. Cattle constitute the largest share in the fodder crop, by consumption, followed by swine.

Major companies in the sector include:

Dynamic Seeds Ltd.

Brett Young

Golden Acre Seeds

Moore Seed Processors

Pickseed Canada Ltd.

Foster's Seed and Feed

Allied Seed

Northstar Seed Ltd.

Hancock Farm and Seed Co.

Advanta Seed International

Dairyland Seeds

DLF International Seeds

Barenburg Seeds, USA

Blue River Hybrids Organic Seeds

Ampac Seed Company

Brett Young Seed Company

Key Deliverables in the Study

Market analysis for the India forage seed market, along with competition analysis.

Market overview and identification and analysis of the macro and micro factors that affect the market.

Extensively researched competitive landscape section with profiles of major companies and their market share, along with an analysis of their current strategic interests and financial information and strategies adopted by them to sustain and grow in the studied market.

The report holds importance for the following stakeholders-

Producers and manufacturers

Agricultural input companies

Enterprises operating in the industry

Traders and stakeholders operating in the sector

Investors/research institutions interested in the market

Customization Options:

Supply chain analysis

Regulatory framework

Trade analysis

Trend analysis


1. Introduction
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definitions
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. Key findings of the study
4. Market Overview
4.1 Introduction
4.1.1 Global Forage seed market Analysis
4.1.2 India Forage Seed Industry Analysis
4.2 Market Dynamics
4.3 Drivers
4.3.1 Increased demand of dairy products
4.3.2 Change in consumption of animal product
4.3.3 Low productivity of cattle
4.3.4 Increased Urbanization
4.3.5 Shrinkage of land for grazzing animals
4.3.6 Abrupt increase in population
4.3.7 Government policies
4.3.8 Increased growth of cross breed animals
4.4 Restraints
4.4.1 Unpredictability of seed cycle
4.4.2 Climatic condition
4.4.3 Time incentive returns
4.4.4 Requires large investment
4.4.5 Unwillingness of farmer to pay for high quality forage seeds
4.5 Opportunities
4.5.1 Increase in production of cross breed livestock
4.5.2 Increase in demand of weed free forage seed
4.6 Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products and Services
4.6.5 Degree of Competition
5. Market Segmentation
5.1 By Crop Type
5.1.1 Cereals
5.1.2 Legumes
5.1.3 Grasses
5.2 By Product Type
5.2.1 Stored Forage
5.2.1.1 Silage
5.2.1.2 Hay
5.2.2 Fresh Forage
5.3 By Animal Type
5.3.1 Ruminant
5.3.2 Swine
5.3.3 Poultry
5.3.4 Others
6. Competitive Landscape
6.1 Strategies Adopted by major Players and Most Active Companies
6.2 Market Share Analysis
7. Company Profiles
7.1 Dynamic seeds Ltd.
7.2 Brett Young
7.3 Golden Acre seeds
7.4 Moore seed Processors
7.5 Pickseed Canada Ltd.
7.6 Foster's Seed and Feed
7.7 Alied Seed
7.8 Northstar Seed Ltd.
7.9 Hancock Farm and Seed Co.,
7.10 Advanta Seed International
7.11 Dairyland Seeds
7.12 DLF International Seeds
7.13 Barenburg Seeds, USA
7.14 Blue River Hybrids Organic Seeds
7.15 Ampac Seed Company
7.16 Brett Young seed Company
8. Appendix
8.1 Disclaimer
8.2 Sources
LIST OF TABLES
1: India: Forage Seeds Market Revenues, by Crop Type 2012-2021 (USD Million)
2: India: Cereal Forage Seeds Market Revenues, 2012-2021 (USD Million)
3: India: Legume Forage Seeds Market Revenues, 2012-2021 (USD Million)
4: India: Grasses Forage Seeds Market Revenues, 2012-2021 (USD Million)
5: India: Forage Seeds Market Revenues, by Product Type 2012-2021 (USD Million)
6: India: Stored Forage Seeds Market Revenues, by Crop Type 2012-2021 (USD Million)
7: India: Silage Forage Seeds Market Revenues, by Crop Type 2012-2021 (USD Million)
8: India: Hay Forage Seeds Market Revenues, by Crop Type 2012-2021 (USD Million)
9: India: Fresh Forage Seeds Market Revenues, by Crop Type 2012-2021 (USD Million)
10: India: Forage Seeds Market Revenues, by Animal Type 2012-2021 (USD Million)
11: India: Ruminant Forage Seeds Market Revenues, by Crop Type 2012-2021 (USD Million)
12: India: Swine Forage Seeds Market Revenues, by Crop Type 2012-2021 (USD Million)
13: India: Poultry Forage Seeds Market Revenues, by Crop Type 2012-2021 (USD Million)
14: India: Others Forage Seeds Market Revenues, by Crop Type 2012-2021 (USD Million)

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