Russia Forage Seed Market - By Product Type, Application and Geography - Market Shares, Forecasts And Trends (2017 - 2022)

Published - Jan 2017 | Category - Agriculture | No. of Pages - 82 | Published By - Mordor Intelligence

Report Highlights

Market Insights

The Russia forage seed market covers 20% of the European forage seed market. The estimated market value was USD 636.01 million in 2012, which is expected to reach USD 2227.44 by 2021, witnessing a CAGR of 10.06% during 2016-2021. The current market is majorly dominated by maize and sorghum seeds. Forage crops are grown over 40% of the country’s agricultural land. Russia’s forage seed import value is very less, compared to its export value, as the country’s forage seed production is sufficient to meet its domestic demand. During 2015, Russia exported forage seeds worth USD 600 million. The key forage export destinations for Russia are Turkey, Poland, Germany, and Italy. The major countries exporting forage seeds to Russia are Romania, the United States, Denmark, and Germany.  

Market Dynamics

The Russian forage seeds market is driven by factors such as growing demand for dairy products, increased livestock production, and higher meat consumption across the country. Proper usage of quality forage seeds improves the quality and yield of animal feed, and in-turn helps in improving animal health and growth. Rise in the cost of forage is another driving factor for the industry. Industrialization of the livestock sector is helping the forage seed industry acquire a greater market share. Product opportunity lies in the fact that good forage is responsible for increased milk and meat production in animals. The main obstacle to the growth of Russia’s forage seed market is the lack of government support for the animal feed industry. Another restraint is the reduced efficiency of the product.

Market Segmentation

The Russia market for forage seeds can be segmented by crop type, product type, animal type and geography. By crop type, the market is segmented into legumes, cereals, and grasses. Among forage crops, cereal forage seeds form the largest market segment, with XX % of the market share. Increased demand for poultry products, dairy, and beef products has accelerated the demand for high-quality forage seeds in the market.

By product type, the market is divided into silage and hay. Further, by animal type, cattle constitute the largest share in the fodder crop consumption, followed by swine. The increased consumption and demand of pork in the country has fastened the growth rate of swine fodder. Poultry is the second fastest growing animal type in the country, due to the growing demand for poultry products.

Major companies in the sector include:

DLF RUSSIA

RUSSIAN GRASS SEED

RAGT SEMENCES

CARGILL

LG AND LIMAGRAIN

DOW CHEMICALS

BARENBRUG

MOSAGRO GROUP

PC AGROVELES LTD

Key Deliverables in the Study

Market analysis for the Russia forage seed market with competition analysis.

Market overview and identification and analysis of the macro and micro factors that affect the Russia forage seed market.

Extensively researched competitive landscape section with profiles of major companies and their market share, along with an analysis of their current strategic interests and financial information and strategies adopted by them to sustain and grow in the studied market.

The report holds importance for the following stakeholders-

Forage seed companies

Traders and stakeholders operating in the sector

Investors/research institutions interested in the market

Customization Options:

Supply chain analysis

Regulatory framework

Trade analysis

Trend analysis

 

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