Multi-Species Pasture Seeds for Booming Livestock Sector

Animal husbandry and livestock farming are some of the most prominent occupations in Scandinavian and Oceania region countries. The flourishing of this sector primarily depends on the quality of cattle and livestock that is raised, the climate of the region, and the fodder that is provided to the livestock. The third variable, that is the quality of fodder, is pretty much controllable. The quality and availability of fodder depend on the type of pasture seeds that are used. Thus, pasture seeds become one of the most vital inputs in the animal husbandry and livestock farming sectors.

Why are multi-species pasture seeds increasingly being preferred?

Pasture seeds are a blend or mix of seeds which provide nutritious forage and fodder for the livestock and cattle for grazing. Earlier, there was a tendency to use pasture seeds of a single species so that pasture and fodder management becomes easier. However, due to various factors there has been a gradual shift towards multi-species pasture seeds. One important advantage of multi-species pasture seeds is that they almost negate the uncertainties caused due to climate. Also, many of the multi-species grass seed mixes available today contain seeds that are drought resistant which further neutralizes the negative effects of weather changes. Multiple-species grass seeds also aid in enhancing the soil health which, in the long run, improves the biodiversity of that area. Many grass seeds perform the function of nitrogen fixation which raises the overall quality of environment of that area.

Influential factors affecting the industry’s growth

The rising adoption of sustainable agriculture practices such as crop rotation and precision farming is expected to be the primary growth driver of the pasture seeds market in the 2023-2032 period. Increasing awareness with respect to the importance of animal nutrition will open up massive growth opportunities in the market. Moreover, the rising demand for meat and other animal-based products is anticipated to augment the growth rate of the market in the forecast period.

The pasture seeds market can be studied on the lines of animal type, species, and types. By animal type, the pork sub-segment is estimated to experience an absolute revenue growth of $3,617 million during the 2023-2032 period. During the same period, the horse, cow, sheep, and goat segments are predicted to collectively hold an absolute revenue of $8,024 million. Analysis on the basis of region shows that the India pasture seeds market is likely to grow at a CAGR of 10.6% during the forecast period.

Acquisitions and partnerships between major companies have also played a vital role in strengthening the position of this industry. For instance, S&W Seed Company, in February 2020, announced the acquisition of Pasture Genetics Pty Ltd., a leading Australian pasture seed company. Thus, this acquisition will help S&W Seed Company to expand its operations in Australia in the near future. A similar acquisition took place in January 2023, when GROWMARK announced that it had signed an agreement to take over Allied Seed, LLC. This acquisition, as per the company’s statement, will help GROWMARK to cater to the demands of the industry in a holistic manner.

The global pasture seeds market, to summarize, is expected to surge ahead on account of growing adoption of sustainable farming practices and rising demand for meat and animal-based products. The growth of the market in India might further propel the market ahead in the next few years.

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