Market Size of Australia Forage Seed Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2023 - 2028 |
| Market Size (2023) | USD 86.70 Billion |
| Market Size (2028) | USD 126.80 Billion |
| CAGR (2023 - 2028) | 7.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Australia Forage Seed Market Analysis
The Australia Forage Seed Market size is expected to grow from USD 86.70 billion in 2023 to USD 126.80 billion by 2028, at a CAGR of 7.90% during the forecast period (2023-2028).
In Australia, Forage seeds are used by the dairy farmers and forage farmers for the production of high yield crops. These seeds are produced particularly to the species and a variety of forages grown are used for consumption purposes for animals to increase specialized feed requirement which, in turn, will increase the yield of cattle. The Australian forage seed production market mainly consists of alfalfa and clover seeds. By crop type, the market is segmented into legumes, cereals, and grasses. By product type, the market is segmented into stored forage and fresh forage. The poultry livestock utilizes high-quality forage seeds and beef covers the major market share among other livestock. Increased export of animal products is steadily creating good opportunities for the forage seed market in Australia.
