Market Size of South Africa Forage Seed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 21.09 Million |
Market Size (2029) | USD 24.45 Million |
CAGR (2024 - 2029) | 3.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
South Africa Forage Seeds Market Analysis
The South Africa Forage Seed Market size is estimated at USD 21.09 million in 2024, and is expected to reach USD 24.45 million by 2029, growing at a CAGR of 3% during the forecast period (2024-2029).
According to the South African National Seed Organization (Sansor), sales of forage seed in South Africa were valued at USD 30,294.2 thousand in 2018. Forage Crops such as Ryegrass and Fodder maize are majorly cultivated in South Africa which is further boosting the market for the commercial seeds. The major factors driving the market are an increase in the cultivation of forage crops and an increase in the production of ruminants. However, due to the lower production of forage seeds, South Africa depends on imports. The economic benefits of cultivating forage seeds, such as crop rotation and risk diversification will further help the forage seed market to grow in the country.
South Africa Forage Seeds Industry Segmentation
Forage seed is a plant material that is eaten by grazing livestock. They are also used to cultivate forage in pastures on which animals graze independently or that is cut and fed to them. The report presents an in-depth analysis of the market share, size, and trends of South Africa forage seed market. The factors affecting the market, either positively or negatively, and the competitiveness among major players in South Africa are also included in the report.
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Fresh Forage | |
Stored Forage |
South Africa Forage Seed Market Size Summary
The South Africa forage seed market is experiencing a steady growth trajectory, driven by the increasing cultivation of forage crops and the rising production of ruminants. Key crops such as ryegrass and fodder maize are prominently cultivated, which bolsters the demand for commercial seeds. Despite the growth, South Africa relies significantly on imports to meet its forage seed needs due to lower domestic production. The economic advantages of cultivating forage seeds, including crop rotation and risk diversification, are contributing to the market's expansion. The demand for forage seeds is further amplified by the need for nutritional feed for livestock, which is more cost-effective compared to other commercial feeds.
The market is characterized by a fragmented landscape with several key players investing in research and development to introduce innovative products and maintain competitive pricing strategies. Companies like Brettyoung, Agricol, Dairyland Seeds, DLF International Seeds, and Barenbrug are actively involved in the market, with initiatives such as Brettyoung's Alpha platform to promote top-performing alfalfa varieties. The establishment of new subsidiaries, like Barenbrug South Africa, highlights the focus on local testing, seed production, and marketing of innovative forage grasses and legumes. This dynamic environment is expected to sustain the growth of the forage seed market in South Africa over the forecast period.
South Africa Forage Seed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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1.5 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 By Crop
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2.1.1 Cereals
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2.1.1.1 Forage Corn
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2.1.1.2 Forage Sorghum
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2.1.1.3 Other Cereals
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2.1.2 Legumes
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2.1.2.1 Alfalfa
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2.1.2.2 Other Legumes
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2.1.3 Grasses
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2.2 By Product
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2.2.1 Fresh Forage
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2.2.2 Stored Forage
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South Africa Forage Seed Market Size FAQs
How big is the South Africa Forage Seed Market?
The South Africa Forage Seed Market size is expected to reach USD 21.09 million in 2024 and grow at a CAGR of 3% to reach USD 24.45 million by 2029.
What is the current South Africa Forage Seed Market size?
In 2024, the South Africa Forage Seed Market size is expected to reach USD 21.09 million.