South Africa Forage Seeds Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 21.09 Million |
| Market Size (2029) | USD 24.45 Million |
| CAGR (2024 - 2029) | 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Africa Forage Seeds Market Analysis
The South Africa Forage Seed Market size is estimated at USD 21.09 million in 2024, and is expected to reach USD 24.45 million by 2029, growing at a CAGR of 3% during the forecast period (2024-2029).
According to the South African National Seed Organization (Sansor), sales of forage seed in South Africa were 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 lower production of forage seeds, South Africa depends on 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 Seeds Market Trends
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 Seeds 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 Seeds Market Leaders
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Brettyoung
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Agricol
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Dairyland Seeds
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DLF International Seeds
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Barenbrug
*Disclaimer: Major Players sorted in no particular order
South Africa Forage Seeds Market News
March 2023: Royal Barenbrug has launched its new subsidiary in South Africa. Barenburg South Africa will focus on local testing and seed production and marketing & sales of innovative turf, forage grasses, and legumes in the South Africa region.
South Africa Forage Seeds Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 PESTLE Analysis
5. MARKET SEGMENTATION
5.1 By Crop
5.1.1 Cereals
5.1.1.1 Forage Corn
5.1.1.2 Forage Sorghum
5.1.1.3 Other Cereals
5.1.2 Legumes
5.1.2.1 Alfalfa
5.1.2.2 Other Legumes
5.1.3 Grasses
5.2 By Product
5.2.1 Fresh Forage
5.2.2 Stored Forage
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Agricol
6.3.2 Allied Seed
6.3.3 Barenbrug Holding BV
6.3.4 Brett-Young Seeds Limited
6.3.5 Dairyland Seeds
6.3.6 DLF International Seeds
6.3.7 Dynamic Seeds
6.3.8 Foster's Seed and Feed
6.3.9 Golden Acre Seeds
6.3.10 Northstar Seed Ltd.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South Africa Forage Seeds 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 Seeds Market Research FAQs
How big is the South Africa Forage Seed Market?
The South Africa Forage Seed Market size is expected to reach USD 21.09 million in 2024 and grow at a CAGR of 3% to reach USD 24.45 million by 2029.
What is the current South Africa Forage Seed Market size?
In 2024, the South Africa Forage Seed Market size is expected to reach USD 21.09 million.
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.
What years does this South Africa Forage Seed Market cover, and what was the market size in 2023?
In 2023, the South Africa Forage Seed Market size was estimated at USD 20.46 million. The report covers the South Africa Forage Seed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Forage Seed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Forage Seed in South Africa Industry Report
Statistics for the 2024 Forage Seed in South Africa market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Forage Seed in South Africa analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
