The market is anticipated to rise as a result of many reasons like growing income levels, population expansion, and demand for high-quality agricultural seed. Demand for alfalfa seeds is predicted to rise as animal output rises. Furthermore, as the cattle population grows, so will the demand for improved feed crops. Furthermore, growing demand for dairy products is likely to provide the market with attractive development possibilities in the near future. Increasing industrial animal output due to rising meat demand is propelling the alfalfa seed industry forward. The need for a big amount of water for irrigation is likely to stymie the expansion of the alfalfa seed industry. Also, lower yield than other fodder crops is projected to limit market growth. Poor farmer awareness in emerging nations is also predicted to have a negative influence on market growth throughout the projection period. The majority of countries are unaware of the benefits of fodder crops. They are still using traditional methods to feed their livestock. Agricultural seeds are crucial in animal production.
According to Coherent Market Insights, the global Alfalfa Seeds Market size was valued at USD 750.1 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 6.5 % from 2022 to 2030.
Key Leaders in the Alfa Alfa Seeds Industry:
1. Alforex Seeds LLC
Alforex Seeds specializes in the field of agriculture with research and development of alfalfa and forage seeds for cultivation. The company was founded in 1939, headquartered in California, U.S.
2. DLF International Seeds
DLF Seeds A/S is a global seed company dealing in forage and amenity seeds, sugar and forage beet seed. The company was founded in 1988, headquartered in U.K.
3. DuPont Pioneer
Producer of agricultural seeds and products. The company engages in the production of genetically modified seeds of corn, maize, cotton, rice, soybeans, sunflower and other related products. The company was founded in 1926, headquartered in Johnston, U.S.
4. Dyna-Gro Seed
Dyna-Gro is an agricultural cooperative organization that provides nutrient solution services. The company was founded in 1983, headquartered in California, U.S.
5. Forage Genetics International
Forage Genetics International is the union of industry-leading forage companies whose history of alfalfa innovations dates back to the 1950s. Brought together in 1991, they've leveraged their collective strength to advance the forage industry and meet the needs of a diverse and growing world.Their breeding expertise combined with their proprietary germplasm base and global reach allows us to develop unique seed varieties for diverse growing conditions, making us the world leader in value-added genetics. The company was founded in 1991.
6. Lacrosse Seed
La Crosse Seed Company is a producer, marketer, and wholesaler of branded field seeds including alfalfa, clovers, hay and pasture mixes, and various forage grasses, turf seeds, and other specialty products, including: cover crops; native grasses and wildflowers; inoculants and specialty growth enhancement products; fertilizer; and, erosion control products. The products are marketed through a dealer network. The company was founded in 1947, headquarterewd in Winconsin, U.S.On Dec 12, 2018 La Crosse Seed acquired Heritage Seed Company for an undisclosed amount. On Jun 28, 2018 DLF Pickseed acquired La Crosse Seed
7. LG Seeds
LG Seeds is a farming company specializing in corn, soybean, and alfalfa seed. Headquartered in Indiana, United States, founded in 1994.
8. Monsanto Company
Monsanto is an agricultural company working with others to address the world's food challenges and sustain the environment. The company was founded in 2000, headquartered in Canada.
9. Allied Seed LLC
Allied Seed is a manufacturing company that provides forage, turf grass, and cover crop seed products. The company was founded in 2000, headquartered in Idaho, U.S.
*Definition-Alfalfa seeds are abundant in protein and micronutrients. They also produce a lot of fruit per acre. They are also well-known for improving soil structure. Alfalfa seeds may also be found in a variety of meals, including baked products and ice cream. They are also used to improve taste.
