Global Forage Seed Market Segment Analysis – By Livestock
On the basis of livestock, the cattle segment accounted for the largest segmental revenue of the forage seeds market in 2019 owing to the fact that the quality of milk and meat products depends on the quality of feed fed to the cattle. Forage seeds are added to the cattle feed by livestock producers to ensure optimum production and performance. They help to improve the milk quantity and enhance the immune system of cattle, leading to greater feed efficiency.
However, the poultry feed segment is poised to hold the highest growth rate of the livestock segment over the forecast period 2020-2025. This is attributed to the fact that poultry animals require proper nutrition to produce healthy and fresh meat and eggs. As a result, poultry farmers focus on feeding their chickens with a mixture of grains such as alfalfa seeds and forage clover.
Forage Seed Market
The increase in need for healthy animals, propelled by the growth in demand for meat, eggs, and milk is estimated to boost the Forage Seed market. PORTLAND, OR, UNITED STATES, January 7, 2021 /EINPresswire.com/ Forage Seed Market Report, published by Allied Market Research, forecasts that the global market was valued at $11,683 million in 2015 and is projected to reach $20,646 million by 2022, growing at a CAGR of 8.50% from 2016 to 2022. In 2015, the alfalfa product segment held approximately more than one-fourth of the total market. Forage seeds are the edible parts of plants widely utilized for livestock feeding. Alfalfa, clover, chicory, ryegrass, lablab, and fescue are some of the popular forage seeds in the global market. They are available at low price compared to other feeds, such as wheat bran and oil seed. These forage seeds are supplied to seed cultivators and conditioners for further processing and conditioni
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