Forage Corps Market to Witness Sales Slump in Near Term Due to COVID - 19; Lon g - term Outlook Remains Positive - 2020 The global forage corps 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 alfalfa, clover, chicory, ryegrass and other s (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 revenue generator in the same year. Alfa lfa 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 enhance milk production globally. The cl over 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. The global forage c orps market is expected to witness substantial growth during the forecast period. The forage corps 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 cultivation 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 opport unities for the forage seed market. This report covers drivers, restraints and opportunities that are driving each segment and respective sub - segments of the market, and offers analysis and insights about the potential of the forage seed market in specific regions. Geographically, North America held the key market share of the forage seed 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, f uelled by the expanding livestock population. 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 n eeds in North America. In 2013, Europe 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 poult ry meat and dairy products in Asia Pacific. Furthermore, the economic benefits, such as crop rotation and risk diversification, of forage seed cultivation are also expected to boo st the growth of the forage crops market in Asia Pacific. The forage crops mark et 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 the l e ading player in the forage crops market as it has a strong distribution channel and the company offers all the major forage seeds. Key Segments Covered Forage seed Market By Product Segment Alfalfa Clover Ryegrass Chicory Others By Livestock Type Poultry C attle 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