Forage Feed Market Forecast with Potential Impact, Despite COVID - 19 Pandemic, Finds FMI 2020 The global forage f eed market is expe cted to witness substantial growth during t he fo recast period. The forage f eed market is primarily driven by growing demand for forage feed that is used to feed livestock. In addition, increasing global meat consumption and economic benefits derived from c ultivation of forage seed have led to the further rise in demand for forage seeds globally. Apart from this, rising demand for organic meat in order to maintain a healthy lifestyle has been creating future growth opportunities for the forage seed market. The global forage seed market is anticipated to expand at a CAGR of 8.4% in terms of volume during the forecast period due to various factors, regarding which FMI offers fundamental insights in detail in this report. On the basis of products, the market has been categorised into alfal fa, clover, chicory, ryegrass and others (including lablab, fescue, etc.). Alfalfa seeds segment was the largest contributor to the market in 2013, accounting for a market share of 27.0% in terms of value. The clover forage segment was the second largest r evenue generator in the same year. Alfalfa plays an important role as a livestock forage. The demand for alfalfa is primarily driven by its high nutrient content (protein and energy) that helps improve: growth of livestock, maintenance, lactation and reproduction. In addition, alfalfa seeds are widely used for feeding dairy cattle with a view to e nhance milk production globally. The clover seed segment of the global forage seed market was valued at USD 2,636.3 Mn in 2013 and is expected to expand at a CAGR of 7.9% in terms of revenue during the forecast period. T his report covers drivers, restraints and opportunities that are driving each segment and respective sub - segments of the market, and offers analysis and insights abo ut the potential of the forage f eed market in specific regions. Geographically, North Ameri ca held the key market share of the forage f eed market in 2013, accounting for 33.5% market share in terms of revenue. Market growth in this region is attributed to the increasing demand for weed - free forage products, fuelled by the expanding livestock pop ulation. Agricultural and livestock farmers are focusing on the use of good forage crops for feeding livestock. Therefore, demand for forage seeds is increasing in view of cultivating forage crops to meet the consumer needs in North America. In 2013, Europ e held second largest market share followed by Asia Pacific and Rest of the World. Growing human population, increasing disposable income and urbanisation are playing an important role in increasing the demand for poultry meat and dairy products in Asia Pa cific. Furthermore, the economic benefits, such as crop rotation and risk diversification, of forage seed cultivation are also expected to boost the growth of the forage seed market in Asia Pacific. The forage seed market in Asia Pacific was valued at 511, 900 kilo tonnes in 2013 and is expected to expand at a CAGR of 10.3% during 2014 - 2020. Key competitors covered in the report are Allied Seed, LLC, BASF SE, Dow AgroSciences LLC, S & W Seed Company, Germinal GB, Hancock Farm & Seed Co. Inc, Central Garden & Pet Company, Northstar Seed Ltd and Heritage Seed Company. These companies are involved in producing chicory seeds, turf grass seed, fescue, timothy grass and ryegrass, among others. In 2013, Allied Seed, LLC was th e leading player in the forage f eed mark et as it has a strong distribution channel and the compa ny offers all the major forage feed Key Segments Covered Forage seed Market By Product Segment Alfalfa Clover Ryegrass Chicory Others By Livestock Type Poultry Cattle Pork/Swine Others Key Regions/Countries Covered North America U.S. Rest of North America Europe Germany France U.K. Scandinavia Rest of Europe Asia - Pacific China India Japan Australia Rest of Asia - Pacific Rest of the World Latin America Middle East Africa Main Report Link: https://www.futuremarketinsights.com/reports/global - forage - seed - market