The Pasture Seeds Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Pasture Seeds Global Market Report 2024, The pasture seeds market size is expected to see strong growth in the next few years. It will grow to $19.55 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing demand for meat and eggs, increasing high-quality forage, increasing preferences for organic products, a rise in usage of biofuels, and increasing animal feed. Major trends in the forecast period include developments in seed technology, organic and sustainable farming techniques, biotechnological advancements, digital technologies, and the development of new pasture seed varieties.
The increasing preference for organic products is expected to propel the growth of the pasture seeds market going forward. Organic products refer to goods produced using environmentally and animal-friendly farming methods without synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). The increasing preference for organic products is driven by consumer concerns about health, environmental sustainability, and food safety. Pasture seeds are used in organic farming to grow nutritious, chemical-free forage for livestock, supporting sustainable and health-conscious agricultural practices. For instance, in May 2023, according to the Department for Environment, Food, and Rural Affairs, a UK-based governmental department, the area of organically grown cereal crops increased by 6.2% to 49 thousand hectares in 2022, while the area of organically grown vegetables (including potatoes) increased by 4.8% to 10 thousand hectares compared to 2021. Therefore, the increasing preference for organic products is driving the growth of the pasture seeds market.
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The pasture seeds market covered in this report is segmented –
1) By Type: Brachiaria, Alfalfa, Panicum, Mombaca Grass, Andropogon, Coastcross, Bermuda Grass, Brome Grass, Fescue, Other Types
2) By Species: Legumes, Grasses
3) By Animal Type: Pork, Horse, Cow, Goat, Sheep, Other Animal Types
4) By End-Use: Dairy Farming, Beef Cattle Farming, Sheep Farming, Goat Farming, Other End Users
Major companies operating in the pasture seeds market are concentrating their efforts on technological innovations, such as the creation of cutting-edge forage sorghum varieties, to secure a strategic advantage in the industry. Double Team Forage Sorghum is a high-yielding, drought-tolerant, and nutritious forage sorghum variety designed to enhance livestock productivity and support sustainable pasture management through features such as improved digestibility, palatability, and water-use efficiency. For instance, in May 2024, S&W Seed Company, a US-based agricultural company, launched its Double Team Forage Sorghum. To enhance livestock productivity and support sustainable pasture management, the product is designed to be a high-yielding, drought-tolerant, and nutritious forage sorghum variety. This new product features enhanced digestibility, improved palatability, and increased water-use efficiency, making it an attractive option for farmers and ranchers seeking to optimize their pasture-based operations.
The pasture seeds market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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