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China Forage Seed Market Size (2024 - 2029)

The China Forage Seed Market is projected to experience growth over the forecast period, driven by factors such as population increase, rising per capita income, and heightened demand for dairy and animal products. Despite the domestic production of forage seeds, China relies heavily on imports to meet its needs, making it the largest importer in the Asia Pacific region. The market's expansion is supported by government initiatives and the decreasing availability of grazing land, which underscores the importance of quality forage seeds in enhancing animal health and productivity.

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Market Size of China Forage Seed Industry

China Forage Seed Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 95.92 Million
Market Size (2029) USD 109.84 Million
CAGR (2024 - 2029) 2.75 %

Major Players

China Forage Seed Market Major Players

*Disclaimer: Major Players sorted in no particular order

China Forage Seed Market Analysis

The China Forage Seed Market size is estimated at USD 95.92 million in 2024, and is expected to reach USD 109.84 million by 2029, growing at a CAGR of 2.75% during the forecast period (2024-2029).

Good forage is responsible for the increased yield of milk and meat production in animals. Proper usage of quality forage seeds improves the quality and quantity of animal meat, and in turn helps in improving animal health and growth. China's forage seed production does not meet the domestic demand, making the country depend on imports. China is the largest importer of forage seed in Asia Pacific, with the United States being the major exporter of alfalfa hay to China, contributing a total import of approximately USD 340 million in the year 2019. The major drivers for this market are steady increase in population, emerging per capita income, increased demand for dairy and animal products, increase in breed cattle demand for feed, government support and the shrinkage of land for the grazing animals. The major players include AMPAC Seed Company, Forage Genetics International, Royal Barenburg Group, Pennington Seed Company and DLF Pickseed etc.

China Forage Seed Industry Segmentation

Forages are plants or parts of plants eaten by herbivorous animals. The report covers the seed market of forage crops, and analysis of different types of forages, and their prospects in China. The factors affecting the studied market, either positively or negatively, and competitiveness among major players are also included in the report. The report contains a detailed analysis of various parameters of the forage seed market. The market studied has been segmented, based on crop type and product type.

Crop Type
Cereals
Forage Corn
Forage Sorghum
Other Cereals
Legumes
Alfalfa
Other Legumes
Grasses
Product Type
Fresh Forage
Stored Forage
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China Forage Seed Market Size Summary

The China forage seed market is poised for steady growth over the forecast period, driven by the increasing demand for quality forage to enhance animal health and productivity. The market's expansion is supported by factors such as population growth, rising per capita income, and the burgeoning demand for dairy and animal products. Despite being the largest importer of forage seeds in the Asia Pacific region, China's domestic production falls short of meeting its needs, necessitating reliance on imports, particularly from the United States. The livestock industry in China has undergone significant transformation, impacting global food supply and resource utilization. This shift has led to a rise in meat and seafood consumption, further fueling the demand for forage seeds to support livestock feed production.

Cereal crops, especially corn, dominate the forage crop landscape in China, with government initiatives encouraging the conversion of grain corn to silage to meet the growing needs of the animal farming sector. The demand for cereal forage crops is expected to rise, driven by the increasing production of poultry and livestock. Major players in the Chinese forage seed market, such as AMPAC Seed Company, Forage Genetics International, and Pennington Seed Company, are actively engaging in strategic business activities like mergers, acquisitions, and partnerships to strengthen their market position. These companies are focusing on innovation and expansion to cater to the evolving demands of the forage seed market in China.

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China Forage Seed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porters Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Crop Type

      1. 2.1.1 Cereals

        1. 2.1.1.1 Forage Corn

        2. 2.1.1.2 Forage Sorghum

        3. 2.1.1.3 Other Cereals

      2. 2.1.2 Legumes

        1. 2.1.2.1 Alfalfa

        2. 2.1.2.2 Other Legumes

      3. 2.1.3 Grasses

    2. 2.2 Product Type

      1. 2.2.1 Fresh Forage

      2. 2.2.2 Stored Forage

China Forage Seed Market Size FAQs

The China Forage Seed Market size is expected to reach USD 95.92 million in 2024 and grow at a CAGR of 2.75% to reach USD 109.84 million by 2029.

In 2024, the China Forage Seed Market size is expected to reach USD 95.92 million.

China Forage Seed Market Report Snapshots

China Forage Seed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)