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The France forage seed market size is forecast to increase by USD 297.9 million at a CAGR of 9.6% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market witnessed significant growth In the cereals segment in 2023. companies are strategically expanding their offerings to include forage seeds to boost sales. Cereal crops, such as cereals for human consumption, hold popularity due to their ease of preparation and consumption. Breakfast cereals, in particular, are preferred for their nutritional benefits and convenience. Whole grain and high-fiber cereals are gaining traction as healthier alternatives to traditional meals. The convenience and health benefits of cereals are expected to maintaIn their appeal In the coming years. Additionally, forage seeds contribute to soil health by increasing organic matter, fertility, and soil structure.
They also aid in water filtration, internal drainage, disease reduction, and weed population control, ultimately improving crop yields. Economically, forage seeds contribute to carbon sequestering and greenhouse gas reduction. Furthermore, they provide nutrient-rich materials for livestock feed, green manure, and cover crops. The versatility of forage seeds extends to various industries, including food and beverage, paper manufacturing, cosmetics, mining, and oil drilling.
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The cereals segment was valued at USD 187.40 million in 2018 and showed a gradual increase during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased demand for dairy products is the key driver of the market.
Increase in production of crossbred livestock is the upcoming trend In the market.
Unwillingness of farmers to pay high price for forage seeds is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, market growth and forecasting, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is a significant sector within the agricultural industry, characterized by its focus on modern cultivation techniques and the production of high-quality seeds for various applications. This market is driven by several factors, including the need to maintain soil fertility and improve soil quality. Modern cultivation practices play a crucial role In the forage seed market. Farmers in France employ various methods to enhance soil fertility, such as the use of nitrogen fertilizer and the incorporation of organic matter. However, the increasing focus on reducing energy costs and minimizing environmental impact has led to a shift towards more sustainable practices. Legumes, for instance, are gaining popularity due to their ability to fix nitrogen from the atmosphere through rhizobia bacteria, thereby reducing the need for synthetic fertilizers. Soil quality is another critical factor influencing the market. The importance of maintaining soil structure, water-holding capacity, and nutrient levels is well recognized. Forage crops, such as cereals and legumes, are often used to improve soil quality by increasing organic matter and reducing soil erosion.
Additionally, the use of cover crops and green manure helps to enhance soil structure and reduce weed populations, thereby improving overall crop yields. The market is diverse, with a range of crops catering to various applications. Cereal crops, such as oats and barley, are commonly used for livestock feeds, while legumes, such as cyamopsis tetragonoloba, are used to produce guar gum, a thickener and stabilizer in various industries, including food and beverage, paper manufacturing, and cosmetics. The economics of the forage seed market are influenced by several factors, including crop yields, protein levels, and market demand. For instance, the demand for protein-rich materials, such as guar meal, has been increasing due to its use as a valuable by-product in various industries. Additionally, the market for cover crops and green manure is growing as farmers seek to reduce their reliance on synthetic fertilizers and improve soil health.
Thus, the market is also influenced by market dynamics, such as disease reduction and water filtration. For example, the use of disease-resistant varieties helps to reduce the need for pesticides and herbicides, thereby improving sustainability and reducing environmental impact. Additionally, the use of forage crops for water filtration and internal drainage helps to improve water quality and reduce the need for external irrigation. Thus, the market is a dynamic and evolving sector that plays a crucial role In the agricultural industry. It is driven by several factors, including the need to maintain soil fertility and improve soil quality, the shift towards more sustainable practices, and the growing demand for protein-rich materials and sustainable agricultural practices. The market is diverse, with a range of crops catering to various applications, and is influenced by several market dynamics, including disease reduction and water filtration.
Market Scope |
|
Report Coverage |
Details |
Page number |
114 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.6% |
Market growth 2024-2028 |
USD 297.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.0 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Crop Type
7 Market Segmentation by Product
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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