China Forage Seed Market Size
| 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
*Disclaimer: Major Players sorted in no particular order |
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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 Market Trends
Increasing Livestock Production
China's livestock industry experienced a vast transition during last three decades, with profound effects on domestic and global food provision, resource use, nitrogen and phosphorous losses and greenhouse gas (GHG) emissions. According to FAO, the Chinese livestock population has grown from 20 billion heads in 2016 to 21.08 billion heads in 2018, showing a 5 % increase in the livestock population. Increasing population trends are supporting the growth of the meat and seafood market. In recent years, due to increasing awareness on health and benefits of nutrients intake by the people there has been a growing demand for meat and dairy products in China. To meet these rising meat consumption demands, there has been an increase of 1.5% in meat production from 2016 to 2018. With these, rising demand for protein sources, limited availability of land and water resources for animal feed production and increasing use of these resources for food and ethanol production the demand for animal feed in the meat industry is estimated to increase.
Cereal Forage Seed Dominates the Market
Among various types of forage crops cultivated in China, cereals occupy the top position. Corn is the major cereal forage crop grown in China. In recent years, the Chinese government has gradually allowed the use of more land for forage crops, such as corn silage and alfalfa. The Chinese Government initiated a program in 2015, to convert more grain corn to silage. In 2019, the total area for planted corn was 35 million hectares, which produced about 231 million tons of corn. Of this, 119 million tons were for human consumption, 112 million tons were forage, mainly for pigs and chicken, and a small remainder for reserves. According to China's Development Plans for Adjustment of Crop Farming Structure, by the end of the year 2020, the forage areas will reach 6.3 million hectares, of which most will be corn silage. Cereal crops are in high demand from animal farms, as they provide a rich source of vitamins, minerals, carbohydrates, fats and oils, and protein. The rising demands for poultry and livestock production leads to increase demand for cereal forage crop during the forecast period.
China Forage Seed Industry Overview
The major Forage seed companies in China include AMPAC seed company, Forage Genetics International,LLC, Pennington Seed, Inc., DLF pickseed, Gansu Yasheng Industrial (Group) Co.Ltd, Groupe Limagrain and PGG Wringhtson. Mergers & Acquisitions, expansions, partnership and product launched are the most adopted business strategies by these major players in the market. For instance, in the year 2016, Forage Genetics International and Monsanto announced Alfalfa commercial and research agreements to support innovation for alfalfa growers.
China Forage Seed Market Leaders
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AMPAC Seed Company
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Forage Genetics International, LLC
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Pennington Seed, Inc.
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DLF Pickseed
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Gansu Yasheng Industrial (Group) Co. Ltd
*Disclaimer: Major Players sorted in no particular order
China Forage Seed Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porters Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Crop Type
- 5.1.1 Cereals
- 5.1.1.1 Forage Corn
- 5.1.1.2 Forage Sorghum
- 5.1.1.3 Other Cereals
- 5.1.2 Legumes
- 5.1.2.1 Alfalfa
- 5.1.2.2 Other Legumes
- 5.1.3 Grasses
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5.2 Product Type
- 5.2.1 Fresh Forage
- 5.2.2 Stored Forage
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 AMPAC Seed Company
- 6.3.2 Forage Genetics International, LLC
- 6.3.3 Pennington Seed, Inc
- 6.3.4 DLF Pickseed
- 6.3.5 Gansu Yasheng Industrial (Group) Co. Ltd
- 6.3.6 Groupe Limagrain (Vilmorin)
- 6.3.7 PGG Wrightson
- 6.3.8 Barenbrug-China
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityChina 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 | ||
| Crop Type | Legumes | Alfalfa |
| Other Legumes | ||
| Crop Type | Grasses | |
| Product Type | Fresh Forage | |
| Stored Forage |
China Forage Seed Market Research FAQs
How big is the China Forage Seed Market?
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.
What is the current China Forage Seed Market size?
In 2024, the China Forage Seed Market size is expected to reach USD 95.92 million.
Who are the key players in China Forage Seed Market?
AMPAC Seed Company, Forage Genetics International, LLC, Pennington Seed, Inc., DLF Pickseed and Gansu Yasheng Industrial (Group) Co. Ltd are the major companies operating in the China Forage Seed Market.
What years does this China Forage Seed Market cover, and what was the market size in 2023?
In 2023, the China Forage Seed Market size was estimated at USD 93.28 million. The report covers the China Forage Seed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Forage Seed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Forage Seed Industry Report
Statistics for the 2024 China Forage Seed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Forage Seed analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
