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Australia Forage Seed Market Size, Share, Trends, Growth: By Crop Type: Clover, Ryegrass, Alfalfa, Forage Sorghum, Chicory, Forage Corn, Others; By Species: Grasses, Legumes; By Breeding Technology: Open Pollinated Varieties and Hybrid Derivatives, Hybrids; By Livestock; By Form; Regional Analysis; Competitive Landscape; 2024-2032
Australia Forage Seed Market Outlook
The Australia forage seed market size was valued at USD 85.42 million in 2023. The market is further projected to grow at a CAGR of 6.2% between 2024 and 2032, reaching a value of USD 146.78 million by 2032.
Key Takeaways
- The Australia forage seed market is experiencing robust growth driven by the rising demand for high-quality animal feed. The region's tropical and subtropical climate provides favourable conditions for forage seed production, further making it a prominent market for cultivation and consumption.
- Key players in the market include Valley Seeds Pty Ltd., GenTech Seeds Pty Ltd., Selected Seeds Pty Ltd., Agf Seeds Pty. Ltd., Nufarm Ltd., and Naracoorte Seeds Pty Ltd, offering a wide range of forage seed varieties.
- During the 2021 financial year, 41,500 tons of seed were sown, and it resulted in the cultivation of approximately 2.4 million hectares (Mha) of pastures and forage crops.
The increasing demand for high-quality animal feed is a significant driver contributing to Australia forage seed market growth as the need for nutritious feed rises with the growing livestock industry. Australia's abundant agricultural resources enable the country to leverage its expertise in forage seed production, catering to both domestic and international markets, thereby enhancing export revenues. The forage industry of Australia supplied 40,000 to 45,000 tons of forage seed in 2021, which generated a total value of USD 234 million for forage seed companies.
The market is also experiencing significant growth due to technological advancements in seed breeding and government policies supporting sustainable farming practices. The market is witnessing a surge in demand from dairy and forage farmers looking to enhance crop yields, particularly in the production of alfalfa and clover seeds.
In breeding technologies, non-transgenic hybrids dominates the Australia forage seed market share as they represent a blend of desirable traits from different parent plants, offering improved yield, quality, and resilience. These hybrids are developed through traditional breeding methods, ensuring genetic diversity and enhancing the overall performance of forage crops.
Ryegrass is a prominent forage seed variety in Australia, valued for its adaptability to various climatic conditions and soil types. This grass species is widely used in livestock farming for its high yield potential and nutritional value. Ryegrass contributes to sustainable forage production, providing farmers with a reliable feed source for cattle, sheep, and other livestock.
Alfalfa is another key forage seed crop in Australia, known for its ability to improve soil quality, increase crop yield, and enhance livestock nutrition. This legume species is known for its high protein content and digestibility, making it a valuable feed option for dairy farmers and forage producers. Alfalfa plays a crucial role in supporting sustainable agriculture practices and promoting animal health.
Market Segmentation
Australia Forage Seed Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Crop Type
- Clover
- Ryegrass
- Alfalfa
- Forage Sorghum
- Chicory
- Forage Corn
- Others
Market Breakup by Species
- Grasses
- Legumes
Market Breakup by Breeding Technology
- Open Pollinated Varieties and Hybrid Derivatives
- Hybrids
- Non-Transgenic Hybrids
- Transgenic Hybrids
- Herbicide Tolerant
- Other Traits
Market Breakup by Livestock
- Pork/Swine
- Poultry
- Cattle
- Others
Market Breakup by Form
- Dry
- Green
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
Competitive Landscape
Market players are focused on providing high-quality forage seed products that cater to the needs of livestock farmers, ensuring optimal nutrition and yield for their animals.
- Valley Seeds Pty Ltd.
- S&W Seed Company Australia Pty Ltd.
- RAGT Australia
- GenTech Seeds Pty Ltd.
- Notman Agricultural Services Pty Ltd.
- Selected Seeds Pty Ltd.
- Agf Seeds Pty. Ltd.
- Nufarm Ltd.
- Naracoorte Seeds Pty Ltd.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Crop Type |
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| Breakup by Species |
|
| Breakup by Breeding Technology |
|
| Breakup by Livestock |
|
| Breakup by Form |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Forage Seed Market Overview
8.1 Key Industry Highlights
8.2 Australia Forage Seed Historical Market (2018-2023)
8.3 Australia Forage Seed Market Forecast (2024-2032)
9 Australia Forage Seed Market by Crop Type
9.1 Clover
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Ryegrass
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Alfalfa
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Forage Sorghum
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Chicory
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.6 Forage Corn
9.6.1 Historical Trend (2018-2023)
9.6.2 Forecast Trend (2024-2032)
9.7 Others
10 Australia Forage Seed Market by Species
10.1 Grasses
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Legumes
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Forage Seed Market by Breeding Technology
11.1 Open Pollinated Varieties and Hybrid Derivatives
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Hybrids
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Breakup by Type
11.2.3.1 Non-Transgenic Hybrids
11.2.3.2 Transgenic Hybrids
11.2.3.2.1 Herbicide Tolerant
11.2.3.2.2 Other Traits
12 Australia Forage Seed Market by Livestock
12.1 Pork/Swine
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Poultry
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Cattle
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Australia Forage Seed Market by Form
13.1 Dry
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Green
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Australia Forage Seed Market by Region
14.1 New South Wales
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Victoria
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Queensland
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Australian Capital Territory
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Western Australia
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Value Chain Analysis
17 Trade Data Analysis (HS Code - 120929)
17.1 Major Importing Countries
17.1.1 By Volume
17.1.2 By Value
17.2 Major Exporting Countries
17.2.1 By Volume
17.2.2 By Value
18 Price Analysis
19 Competitive Landscape
19.1 Market Structure
19.2 Company Profiles
19.2.1 Valley Seeds Pty Ltd.
19.2.1.1 Company Overview
19.2.1.2 Product Portfolio
19.2.1.3 Demographic Reach and Achievements
19.2.1.4 Certifications
19.2.2 S&W Seed Company Australia Pty Ltd.
19.2.2.1 Company Overview
19.2.2.2 Product Portfolio
19.2.2.3 Demographic Reach and Achievements
19.2.2.4 Certifications
19.2.3 RAGT Australia
19.2.3.1 Company Overview
19.2.3.2 Product Portfolio
19.2.3.3 Demographic Reach and Achievements
19.2.3.4 Certifications
19.2.4 GenTech Seeds Pty Ltd.
19.2.4.1 Company Overview
19.2.4.2 Product Portfolio
19.2.4.3 Demographic Reach and Achievements
19.2.4.4 Certifications
19.2.5 Notman Agricultural Services Pty Ltd.
19.2.5.1 Company Overview
19.2.5.2 Product Portfolio
19.2.5.3 Demographic Reach and Achievements
19.2.5.4 Certifications
19.2.6 Selected Seeds Pty Ltd.
19.2.6.1 Company Overview
19.2.6.2 Product Portfolio
19.2.6.3 Demographic Reach and Achievements
19.2.6.4 Certifications
19.2.7 Agf Seeds Pty. Ltd.
19.2.7.1 Company Overview
19.2.7.2 Product Portfolio
19.2.7.3 Demographic Reach and Achievements
19.2.7.4 Certifications
19.2.8 Nufarm Ltd.
19.2.8.1 Company Overview
19.2.8.2 Product Portfolio
19.2.8.3 Demographic Reach and Achievements
19.2.8.4 Certifications
19.2.9 Naracoorte Seeds Pty Ltd.
19.2.9.1 Company Overview
19.2.9.2 Product Portfolio
19.2.9.3 Demographic Reach and Achievements
19.2.9.4 Certifications
19.2.10 Others
20 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Forage Seed Market: Key Industry Highlights, 2018 and 2032
2. Australia Forage Seed Historical Market: Breakup by Crop Type (USD Million), 2018-2023
3. Australia Forage Seed Market Forecast: Breakup by Crop Type (USD Million), 2024-2032
4. Australia Forage Seed Historical Market: Breakup by Species (USD Million), 2018-2023
5. Australia Forage Seed Market Forecast: Breakup by Species (USD Million), 2024-2032
6. Australia Forage Seed Historical Market: Breakup by Breeding Technology (USD Million), 2018-2023
7. Australia Forage Seed Market Forecast: Breakup by Breeding Technology (USD Million), 2024-2032
8. Australia Forage Seed Historical Market: Breakup by Livestock (USD Million), 2018-2023
9. Australia Forage Seed Market Forecast: Breakup by Livestock (USD Million), 2024-2032
10. Australia Forage Seed Historical Market: Breakup by Form (USD Million), 2018-2023
11. Australia Forage Seed Market Forecast: Breakup by Form (USD Million), 2024-2032
12. Australia Forage Seed Historical Market: Breakup by Region (USD Million), 2018-2023
13. Australia Forage Seed Market Forecast: Breakup by Region (USD Million), 2024-2032
14. Major Importing Countries by Volume
15. Major Exporting Countries by Volume
16. Major Importing Countries by Value
17. Major Exporting Countries by Value
18. Australia Forage Seed Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 85.42 million.
The market is expected to grow at a CAGR of 6.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 146.78 million by 2032.
The market is being driven due to rising demand for high-quality animal feed, technological advancements in seed breeding, and government policies supporting sustainable farming practices.
Key trends aiding the market expansion include growing focus on sustainable farming practices, surge in demand from dairy and forage farmers looking to enhance crop yields, rising export opportunities for animal products, and growing demand for organic forage seeds.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on livestock, the market is categorised into pork/swine, poultry, and cattle, among others.
Based on breeding technology, the market segmentations include open pollinated varieties and hybrid derivatives and hybrids. Hybrid segment is sub-divided into non-transgenic hybrids, transgenic hybrids - herbicide tolerant, and other traits.
The market breakup by crop type includes clover, ryegrass, alfalfa, forage sorghum, chicory, forage corn, among others.
Key players in this market are Valley Seeds Pty Ltd., S&W Seed Company Australia Pty Ltd., RAGT Australia, GenTech Seeds Pty Ltd., Notman Agricultural Services Pty Ltd., Selected Seeds Pty Ltd., Agf Seeds Pty. Ltd., Nufarm Ltd., Naracoorte Seeds Pty Ltd., among others.
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