The forage seeds market was valued at USD 9.91 billion in 2016 and is projected to grow at a CAGR of 9.81%, to reach a value of 17.37 billion by 2022. The basic objective of the report is to define, segment, and project the global market size of the forage seeds market on the basis of type, livestock, species, origin, form, and region. It will also help to understand the structure of the forage seeds market by identifying its various segments. The other objectives include analyzing the opportunities in the market for the stakeholders, providing the competitive landscape of the market trends, and projecting the size of the forage seeds market and its submarkets, in terms of value (USD million) and volume (KT).
This research study involved the extensive use of secondary sources, which included directories and databases—such as Hoovers, Forbes, Bloomberg Businessweek, and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the forage seeds market. The primary sources that have been involved include industry experts from the core and related industries and preferred suppliers, dealers, manufacturers, alliances, standards & certification organizations from companies; and organizations related to all the segments of this industry’s value chain. In-depth interviews have been conducted with various primary respondents such as key industry participants, subject matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology applied in drafting this report on the forage seeds market.
The forage seeds market is estimated at USD 9,913.5 million in 2016 and is projected to reach USD 17,377.2 million by 2022, growing at a CAGR of 9.81% during the forecast period. Increase in demand for quality feed products and growth in livestock populations are resulting in the growth of forage seeds market. Forage seeds provide essential protein, fiber, and energy to the livestock, which results in increased yield and also helps save costs incurred on adding additional protein and supplement additives.
Food&farming 