, August 09, 2017 ) The Global Forage seed market
is expected to reach USD 15.85 billion in 2021 by growing at a CAGR of 8.3%, from USD 10.64 billion in 2016.
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Forage includes plants which are consumed by the grazing livestock and even some wildlife animals. Forage plants include chicory, Ryegrass, Alfalfa, Timothy, Clover, Bent grass, Birdsfoot trefoll etc. Firstly, forage seeds are obtained from the forage plants and then supplied to the seed grower for further processing to obtain the purified seeds with maximum potential.
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The demand for forage seeds has increased due to emerging livestock feed sector. Livestock feed production is high in demand which is fulfilled by these seeds. In addition to that Low price of the seeds as compared to other oil seed or wheat bran, is majorly driving the market. However, The currently available forage seeds are low in protein and minerals which reduce their demand to some extent.
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• By Product Type
o Others (Including lablab, fescue etc.)
• By Livestock Type
o Others (Including aquaculture etc.)
• Geographical Analysis
o North America
o Latin America
o Middle East & Africa
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Prominent players dominating the forage seeds market are Hancock Farm & Seed Co., Golden Acre Seeds, Dynamic Seeds Ltd., Northstar Seed Ltd., Brett young, Moore Seed Processors, Foster’s Seed and Feed, Allied Seed, LLC, BASF SE and Dow AgroSciences LLC.
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