Japan Forage Seed Market - By Product Type, Application and Geography - Market Shares, Forecasts And Trends (2017 - 2022)
The Japan forage seed market has estimated to be XX billion US$ in 2014 and expected to reach XX billion US$ by 2020 at a high CAGR of XX% during the forecasted period 2015-2020. Forage seeds are used by the farmers to grow forage crops such as Alfalfa, Millet, sorghum which are utilized by the grazing livestock as a feed. Forage plants are first breed by the forage breeder to obtain forage seeds which is then supplied to the seed grower and conditioner for further processing and conditioning to get the purified seed with high potential. Japan is the leader in import of forage seed in the Asia Pacific region. In year 2014, Japan has imported 595 000 MT of US alfalfa hay valued to be US$ 196 million. Only 20% of the Japan area are suitable for agriculture production and livestock production are also less which has made the market to be import dependent. About 90% of the animal feed are imported in Japan. However increased demand of animal product has increased the livestock sector and ultimately driven the forage feed market.
Forage seeds are used by the dairy farmers and forage farmers for the high yield of crops. Increased in demand for animal products in the region has dominate the utilization of forage seed for the livestock farmers. Forage seeds are specific to the species of crop which require controlled environment for their growth. Most of the forage seed market in the region are medium and small scale industries.
The major drivers for the market are steady increase in population, emerging per capita income, increased demand for dairy and animal products, increased in breed cattle demand for feed, and the shrinkage of land for the grazing animals. Unpredictability of seed cycle, Soil condition, Climatic change, and the time incentive returns, non GMO crop regulations being the restraint for the market. Low livestock raising market is also being a restraint for the market.
Market is segmented on the crop type, product type and animal type. The market segmented on the type of crop production for the miller such as 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.
The unavailability of land area and geographical conditions are big challenge for the forage seed market to satisfy the domestic need. The key players in the market are Alied Seed, DLF International seeds, Dynamic Seeds Ltd., Brett Young, Golden Acre Seeds, Moore Seed Processors, Pickseed Canada Ltd., Foster feed and seed, among others. The major players are involved in the investment in R&D for innovative product, partnerships and market strategy for the pricing of product to sustain in the competitive market.
Market analysis for the Japan 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