(EMAILWIRE.COM, December 22, 2017 ) The Middle East and Africa forage seed market is expected to grow at a CAGR of 8.93% to reach USD 1.27 billion in 2021 from USD 0.85 billion in 2015.
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Forage seeds are used for feeding livestock including poultry, cattle, swine, and aquaculture animals. Farmers prefer to use forage seeds for feeding purpose as cultivation of these seeds generates some economic benefits such as crop rotation, risk diversification, and improve soil structure and prevention of soil erosion.
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The major drivers for the market are steady increase in population, emerging per capita income, increased demand for dairy and animal products, low productivity of cattle, increased in breed cattle demand for feed, government subsidies and the shrinkage of land for the grazing animals. The livestock sector in Middle-East and Africa is undergoing a major transformation. Rapidly increasing populations, increases in per capita income and, especially, increases in urbanization are driving the forage seed market. Although the quality potential of the forage seed is quite high and so the cost is more which restricts the market growth.
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Market Segmentation
• By Product Type
• By Livestock Type
Key Players in the Middle-East and Africa 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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