Market Size of Brazil Forage Seed Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Market Size (2023) | USD 321.45 Million |
| Market Size (2028) | USD 450.85 Million |
| CAGR (2023 - 2028) | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Forage Seed Market Analysis
The Brazil Forage Seed Market size is expected to grow from USD 321.45 million in 2023 to USD 450.85 million by 2028, at a CAGR of 7% during the forecast period (2023-2028).
- The market includes tropical forages that are dominated by eight genera of grasses and legumes. However, Brachiaria remains the farmer's preference in Brazil. Also, farmers with dairy cattle mostly prefer ryegrass.
- There are various organizations in the country working towards the strengthening of the agriculture and livestock industry. For instance, the Association for the Promotion of Forage Seed Breeding Research in partnership with Embrapa works in support of scientific research for the launch of new forage cultivars.
- Moreover, the seeds sold in the local markets are less pure than the seeds exported by Brazil. With this, the use of incrusted seeds is growing in Brazil in the last 5 years and hybrid seeds are being introduced in the country though on a limited scale.
