South Africa Forage Seed Market Size
Study Period | 2018 - 2028 |
Base Year For Estimation | 2021 |
Forecast Data Period | 2024 - 2028 |
Historical Data Period | 2018 - 2020 |
CAGR | 6.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South Africa Forage Seed Market Analysis
South Africa forage seed market is projected to grow at a CAGR of 6.5 % during the forecast period (2020 - 2025). According to the South African National Seed Organization (Sansor), sales of forage seed in South Africa is valued at USD 30,294.2 thousand in 2018. Forage Crops such as Ryegrass and Fodder maize are majorly cultivated in South Africa which is further boosting the market for the commercial seeds. The major factors driving the market are an increase in the cultivation of forage crops and an increase in the production of ruminants. However, due to the less production of forage seeds, South Africa depends on the imports. The economic benefits of cultivating forage seeds, such as crop rotation and risk diversification will further help the forage seed market to grow in the country.
South Africa Forage Seed Market Trends
This section covers the major market trends shaping the South Africa Forage Seed Market according to our research experts:
Increase in Forage Seed Imports
The high demand for forage seeds in the country is mainly satiated through the imports as the domestic production within the country is less. The crops such as Babala, Blue buffalo grass, Clover, Kikyo, and Lucerne are some of the major imported forage seeds. According to the ITC Trade Map, the country has imported 1.3 million tonnes of forage seeds in the year 2019 and the country has imported 185,432 kilograms of hybrid fodder sorghum seeds in the year 2018. According to the South African National Seed Organization (SANSOR), the majorly imported forage seed varieties include Cowpea, Oats, sun hemp, and Alfalfa. An increase in the demand from livestock for nutritional feed is majorly satiated through the natural forage whose seeds are available at a minimal price when compared to other commercial feeds. This has further boosted the demand for forage seeds in the country.
Grass Seeds Dominates the Market
Owing to the increasing growth of ruminants, the cultivation of forage crops in the country are enhancing, thereby increasing the demand for forage seeds. Grass crops such as Rye, Blue buffalo, Bottlebrush, Rhodes, Panicum, Weeping love, and Smut fingers are majorly cultivated in the country. As per ITC Trade Map, the import of ryegrass in South Africa is around USD 6,820 thousand in the year 2019. The companies are majorly focusing more on the production of open-pollinated seeds that drives the market in the country. The increasing trend of cultivating the grass for animals in the country is expected to enhance the seed market.
South Africa Forage Seed Industry Overview
South Africa forage seed market is slightly fragmented with many players dominating the market. The major players operating in South Africa are indulged in investment in R&D for innovative products, partnerships. They do opt for a market strategy in terms of pricing of products in order to sustain in the competitive market. In October 2018, Brettyoung has introduced an Alpha platform, which enhances the demand of alfalfa varieties by showcasing the top varieties which are top performers in the dormancy category defined by the dry matter yield, disease resistance, and digestibility.
South Africa Forage Seed Market Leaders
Brettyoung
Agricol
Dairyland Seeds
DLF International Seeds
Barenbrug
*Disclaimer: Major Players sorted in no particular order
South Africa Forage Seed Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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4.5 PESTLE Analysis
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5. MARKET SEGMENTATION
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5.1 By Crop
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5.1.1 Cereals
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5.1.1.1 Forage Corn
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5.1.1.2 Forage Sorghum
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5.1.1.3 Other Cereals
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5.1.2 Legumes
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5.1.2.1 Alfalfa
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5.1.2.2 Other Legumes
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5.1.3 Grasses
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5.2 By Product
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5.2.1 Fresh Forage
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5.2.2 Stored Forage
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Agricol
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6.3.2 Allied Seed
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6.3.3 Barenbrug Holding BV
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6.3.4 Brett-Young Seeds Limited
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6.3.5 Dairyland Seeds
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6.3.6 DLF International Seeds
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6.3.7 Dynamic Seeds
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6.3.8 Foster’s Seed and Feed
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6.3.9 Golden Acre Seeds
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6.3.10 Northstar Seed Ltd.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
South Africa Forage Seed Industry Segmentation
Forage seed is a plant material that is eaten by grazing livestock. They are also used to cultivate forage in pastures on which animals graze independently or that is cut and fed to them. The report presents an in-depth analysis of the market share, size, and trends of South Africa forage seed market. The factors affecting the market, either positively or negatively, and the competitiveness among major players in South Africa are also included in the report.
By Crop | |||||
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Grasses |
By Product | |
Fresh Forage | |
Stored Forage |
South Africa Forage Seed Market Research FAQs
What is the current South Africa Forage Seed Market size?
The South Africa Forage Seed Market is projected to register a CAGR of 6.5% during the forecast period (2023-2028).
Who are the key players in South Africa Forage Seed Market?
Brettyoung, Agricol, Dairyland Seeds, DLF International Seeds and Barenbrug are the major companies operating in the South Africa Forage Seed Market.
South Africa Forage Seed Industry Report
Statistics for the 2023 South Africa Forage Seed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Africa Forage Seed analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.