The Russian forage seed market (hereafter, referred to as the market studied) was valued at USD 1,032.89 million in 2018 and it is projected to reach a value of USD 1,835.93, with a CAGR of 10.06% in the forecast period, (2019-2024). The market studied is driven by factors, such as the increased demand for dairy products, increased livestock production, and increased meat consumption across the country. The restraints identified in this market are a drop in cultivable forage area distribution and lack of government support.
The report presents an in-depth assessment of the Russia Forage Seed including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Russia Forage Seed investments from 2020 till 2024
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Top Leading Manufactures-
DLF Russia, Russian Grass Seed, Ragt Semences, Cargill, LG and Limagrain, Mosagri Group, PC Agroveles Ltd, Avgust Agro, Agro Kapital Grupp, Saratovskij IP, Castillo Lora Soluciones, Zelenvi Mir, Lobiron, Vershin N.L., Kompaniya Oagro
Forages are plants or parts of plants eaten by herbivorous animals. There are different types of forage plants grown all over the world. Nowadays, with the growth in the livestock sector, the demand for animal feed is increasing worldwide, subsequently increasing the demand for forages. To improve the forage production and yield, advanced forage seeds are available in the market. These forage seeds can be divided into three categories, namely cereal forage seeds, legume forage seeds, and grass forage seeds. Currently, the forage seed market accounts for nearly 26% of the global seed market.
Russia Forage Seed Market is Segmented by Crop Type into Cereals
Cereals are the major forage seed crop produce in Russia. The increased cultivated agricultural land and high demand for livestock products have augmented the cereal crops forage seed market. Corn and sorghum are the most important cereals produced in the region for fodder purpose. The increased import of livestock products in Russia has alarmed the domestic animal produce market. Government is supporting the increased production of forage crops so as to increase domestic livestock production in order to meet the consumption demand. Corn is considered to be the best forage crop due to its high energy concentration, which can be used to optimize animal performance. In Russia, the market shares of fodder cereals are more than 54% of the total annual cereal production. Wheat, barley, and oats are the other cereals used for fodder crops and as animal feed.
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–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Russia and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Russia Forage Seed Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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