Spain Forage Seed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 39.20 Million |
| Market Size (2029) | USD 47.10 Million |
| CAGR (2024 - 2029) | 3.70 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Spain Forage Seed Market Analysis
The Spain Forage Seed Market size is estimated at USD 39.20 million in 2024, and is expected to reach USD 47.10 million by 2029, growing at a CAGR of 3.70% during the forecast period (2024-2029).
Alfalfa is one of the major grown forages in the European region. Forages are plants or parts of plants that are fed to the livestock. The major factors driving the forage seed market are the increasing demand for dairy products, the increasing demand for animal products, consumer preference for organic food and feed products, shrinkage of open land for animal grazing, and increasing specialized feed requirement due to the introduction of high yielding cattle. Some of the restraints identified in the studied market are time-based incentive returns requiring significant investments, and the unwillingness of farmers to pay for high-quality forage seeds.
Spain Forage Seed Market Trends
Increasing Demand for Meat and Meat Products
According to the Ministry of Agriculture, Food and Environment volume of beef consumption in the country is declining year after year. The raising concerns among consumers regarding the quality of the meat produced in the country is anticipated to be the reason behind the declining trend on the meat consumption. A rise in per capita income is expected to shift dietary preferences toward protein-rich diets. Increasing life expectancy and limited availability of land and water resources for animal feed production, and increasing use of these resources for food and ethanol production are increasing the demand for forage seed in the Spain meat industry. Furthermore, there has been immense pressure on the livestock sector to meet the increasing demand for high-value animal protein. The demand for alfalfa is increasing significantly and is driven due to changing production practices in the dairy industry. This is essentially due to the increasing number of cows raised by modern dairy farmers who prefer quality feeds. Hence the increasing demand for quality meat and meat products in the country is anticipated to increase the demand for forage seed in the market during the forecast period.
Increased Livestock Population
According to the Food and Agriculture Organization in 2018, the Sheeps and Goats population were higher accounting for 18.6 million heads while cattle and buffaloes accounted for 6.5 million heads. According to research by Greenpeace organization, nearly USD 26.08 billion goes for increasing livestock production in the European Union in 2018. However, a recent study conducted across the region has shown that livestock production has increased above the safe bounds leading to the excess emission of greenhouse gas and affects bio-diversity. Hence, the EU is planning to reduce the free grazing method livestock farms which would slightly impact the European forage seed market in the upcoming years. Environmental regulations surrounding the global compound feed industry, and strict regulations on few feed additives, like antibiotics, are acting as challenges to the compound feed market, thereby affecting the livestock industry. Hence the Increased Livestock population in the country is expected to drive the forage seed market during the forecast period.
Spain Forage Seed Industry Overview
The Spain forage seed market is a concentrated market with few players such as Barenbrug UK Ltd, DLF Seeds Ltd, Limagrain UK Ltd, Advanta Seeds, S&W Seed Company dominating the market. Mergers & Acquisitions, expansions, partnership and product launched are the most adopted business strategies by these major players in the market. In the forage seed market, companies are not only competing based on product quality and promotion, but also focused on strategic moves to hold larger market shares. Major acquisitions are taking place between companies to expand the forage seed business.
Spain Forage Seed Market Leaders
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DLF Seeds Ltd
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Advanta Seeds
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Tropical Seeds
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Corteva Agriscience
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Grupo Batlle S.A
*Disclaimer: Major Players sorted in no particular order
Spain Forage Seed Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Crop Type
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5.1.1 Cereals
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5.1.1.1 Forage Corn
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5.1.1.2 Forage Sorghum
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5.1.1.3 Other Cereals
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5.1.2 Legumes
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5.1.2.1 Alfalfa
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5.1.2.2 Other Legumes
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5.1.3 Grasses
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5.2 Product Type
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5.2.1 Fresh Forage
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5.2.2 Stored Forage
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 DLF Seeds Ltd.
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6.3.2 Tropical Seeds
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6.3.3 Advanta Seeds
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6.3.4 Corteva Agriscience
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6.3.5 Grupo Batlle S.A
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6.3.6 PURE SEED EUROPE
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6.3.7 Pennington Seed, Inc.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Spain Forage Seed Industry Segmentation
Forages are plants or parts of plants that are fed to the livestock. The report presents an in-depth analysis of the share and value of the spain forage seed market. The companies in the spain forage seed market operate both in B2B and B2C formats. A detailed competitive landscape section, covering the strategies adopted by the global players, along with their new innovations are also included in the report. The market size has been estimated at the consumer level.
| Crop Type | |||||
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| Grasses |
| Product Type | |
| Fresh Forage | |
| Stored Forage |
Spain Forage Seed Market Research FAQs
How big is the Spain Forage Seed Market?
The Spain Forage Seed Market size is expected to reach USD 39.20 million in 2024 and grow at a CAGR of 3.70% to reach USD 47.10 million by 2029.
What is the current Spain Forage Seed Market size?
In 2024, the Spain Forage Seed Market size is expected to reach USD 39.20 million.
Who are the key players in Spain Forage Seed Market?
DLF Seeds Ltd, Advanta Seeds, Tropical Seeds, Corteva Agriscience and Grupo Batlle S.A are the major companies operating in the Spain Forage Seed Market.
What years does this Spain Forage Seed Market cover, and what was the market size in 2023?
In 2023, the Spain Forage Seed Market size was estimated at USD 37.75 million. The report covers the Spain Forage Seed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Forage Seed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Spain Forage Seed Industry Report
Statistics for the 2024 Spain Forage Seed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Forage Seed analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Spain Forage Seed Market Report Snapshots
