At 4.7% CAGR, the Middle East & Africa Forage Seeds Market is Projected to be worth US$ 343.74 million by 2030, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa forage seeds market was valued at US$ 238.56 million in 2022 and is expected to reach US$ 343.74 million by 2030, registering a CAGR of 4.7% from 2022 to 2030. Increasing livestock production and strategic development initiatives are the critical factors attributed to the Middle East & Africa forage seeds market expansion.

Industrial livestock production has undergone a significant transformation, increasing demand for meat-based products and dairy products. Livestock products account for 16% of energy and 34% of the protein in human diets. Livestock production also accounts for ~19% of the value of food production and 30% of the global value of agriculture. The demand for livestock products is driven by changing lifestyles and food preferences, increasing urbanization, growing income, and the rapidly rising world population. With burgeoning livestock demand, the consumption of protein-rich meat products is surging. According to the Food and Agriculture Organization (FAO), worldwide meat protein consumption is predicted to increase by 14% by 2030. Additionally, world milk production is expected to rise by 1.6% annually between 2020 and 2029 and reach 997 million metric tons in 2029, according to a report by the Organization for Economic Co-operation and Development (OECD) and FAO. Thus, the increasing consumption of livestock products such as meat and increasing milk production has encouraged manufacturers to focus on providing good quality forage crops for feeding livestock. The growth in livestock production is likely to create a demand for better forage crops, as people are highly concerned about the quality of meat they consume. The growth in the demand for forage crops can only be supported with better-quality forage seeds. Nutrient deficiencies in livestock can be resolved by providing them with forage feed that maintains the growth rate of livestock, their health, and well-being. People are becoming more conscious about their health, and thus, preference is given to organic food, as it does not contain pesticides. Thus, with surging demand, the production of healthy livestock is increasing across the Middle East & Africa, further driving the forage seeds market.

On the contrary, unorganized market in developing countries hurdles the growth of Middle East & Africa forage seeds market.

Based on type, the Middle East & Africa forage seeds market is categorized into alfalfa, clover, ryegrass, timothy, sorghum, brome, birdsfoot trefoil, cowpea, meadow fescue, and others. The alfalfa segment held 44.4% market share in 2022, amassing US$ 105.81 million. It is projected to garner US$ 145.53 million by 2030 to expand at 4.1% CAGR during 2022-2030. The clover segment is further subsegmented into white, red, hybrid, and others. Additionally, the ryegrass segment is categorized into annual ryegrass, perennial ryegrass, Italian ryegrass, and hybrid ryegrass.

Based on category, the Middle East & Africa forage seeds market is bifurcated into organic and conventional. The conventional segment held 88.1% share of Middle East & Africa forage seeds market in 2022, amassing US$ 210.12 million. It is projected to garner US$ 301.20 million by 2030 to expand at 4.6% CAGR during 2022-2030.

Based on livestock, the Middle East & Africa forage seeds market is categorized into ruminants, poultry, swine, and others. The ruminants segment held 79.6% share of Middle East & Africa forage seeds market in 2022, amassing US$ 189.78 million. It is projected to garner US$ 275.02 million by 2030 to expand at 4.7% CAGR during 2022-2030.

Based on country, the Middle East & Africa forage seeds market has been categorized into South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 69.5% share of Middle East & Africa forage seeds market in 2022. It was assessed at US$ 165.84 million in 2022 and is likely to hit US$ 230.89 million by 2030, exhibiting a CAGR of 4.2% during 2022-2030.

Key players operating in the Middle East & Africa forage seeds market are UPL Ltd, Corteva Inc, S&W Seed Co, MAS Seeds SA, and Syngenta AG, among others.

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