PUBLISHER: The Business Research Company | PRODUCT CODE: 1546558
PUBLISHER: The Business Research Company | PRODUCT CODE: 1546558
Pasture seeds refer to seeds of various grasses and legumes that are sown to establish and maintain pastures for grazing livestock. These seeds are selected based on their adaptability to specific climatic and soil conditions, providing nutritious forage for animals while contributing to soil health and erosion control.
The main types of pasture seeds include brachiaria, alfalfa, panicum, mombaca grass, andropogon, coastcross, bermuda grass, brome grass, fescue, and others. Brachiaria, for instance, comprises tropical forage grasses known for their high productivity and nutritional value, widely used in pasture improvement and livestock feeding. These pasture seeds encompass both grasses and legumes, catering to various types of livestock such as pork, horses, cattle, goats, sheep, and others. End uses for these seeds include dairy farming, beef cattle farming, sheep farming, goat farming, and other livestock operations.
The pasture seeds market research report is one of a series of new reports from The Business Research Company that provides pasture seeds market statistics, including the pasture seeds industry's global market size, regional shares, competitors with a pasture seeds market share, detailed pasture seeds market segments, market trends and opportunities, and any further data you may need to thrive in the pasture seeds industry. This pasture seeds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The pasture seeds market size has grown strongly in recent years. It will grow from $13.50 billion in 2023 to $14.52 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth during the historic period can be attributed to several factors, including the increased domestication of aquatic livestock, growing consumption of dairy products, advancements in pasture seed varieties, improvements in animal nutrition practices, and the expansion of pasture-based farming methods.
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, rising interest in high-quality forage, preferences shifting towards organic products, expanding utilization of biofuels, and the growing need for animal feed. Major trends expected in this period include advancements in seed technology, adoption of organic and sustainable farming practices, biotechnological innovations, integration of digital technologies in agriculture, and the development of new varieties of pasture seeds.
The pasture seeds market is poised for growth driven by the increasing preference for organic products. Organic products are produced using environmentally and animal-friendly farming methods, avoiding synthetic pesticides, fertilizers, and GMOs, aligning with consumer concerns about health, sustainability, and food safety. Pasture seeds play a crucial role in organic farming by producing nutritious, chemical-free forage for livestock, supporting sustainable agricultural practices. For example, the Department for Environment, Food, and Rural Affairs reported in May 2023 that the area of organically grown cereal crops in the UK increased by 6.2% in 2022, and organically grown vegetables (including potatoes) expanded by 4.8% compared to 2021, reflecting growing interest in organic farming and its associated products.
Leading companies in the pasture seeds market are focusing on technological innovations, particularly the development of advanced forage sorghum varieties, to gain a competitive edge. One notable advancement is the introduction of Double Team Forage Sorghum by S&W Seed Company in May 2024. This variety is designed to be high-yielding, drought-tolerant, and nutritious, enhancing livestock productivity and supporting sustainable pasture management. It features improved digestibility, palatability, and water-use efficiency, appealing to farmers and ranchers seeking to optimize their pasture operations.
In January 2023, Growmark Inc., a US-based agricultural company, acquired Allied Seed LLC to strengthen its growth and supply strategies. This acquisition enhances Growmark's ability to meet the increasing demand for cover crops and other pasture seeds, supporting comprehensive on-farm sustainability initiatives. Allied Seed LLC, a US-based provider of grass seeds, brings valuable expertise and product offerings to Growmark's portfolio, reinforcing its position in the pasture seeds market.
Major companies operating in the pasture seeds market are BASF SE, Bayer AG, Nutrien Ltd., Syngenta Group, Growmark Inc., Corteva Inc., Nufarm Limited, DLF Seeds A/S, Simplot Australia Pty Ltd., PGG Wrightson Seeds, Deutsche Saatveredelung AG, Brett-Young Seeds Limited, S&W Seed Company, Pennington Seed Inc., Allied Seed LLC, Semillas Batlle SA, Royal Barenbrug Group, RAGT SA, Hancock Seed Company Inc., Tropical Seeds LLC, Openfolde Limited, Hurrells Seeds Ltd.
North America was the largest region in the pasture seeds market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pasture seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pasture seeds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pasture seeds market consists of sales of orchardgrass, timothy grass, clover, and ryegrass. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pasture Seeds Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pasture seeds market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pasture seeds ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pasture seeds market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.