Global Forages Market
Global Forages Market was valued at USD 634.20 million in 2021 and would rocket up to USD 896.7 million by 2027 at a CAGR of 4.07 % from 2022-2027.
The plant material that is picked to feed livestock is called forage. It is a crucial part of agroecosystems and makes a significant contribution to the production of milk and food worldwide. It stimulates the metabolic processes of animals like ruminants, swine, and others and is rich in vitamins, fibres, protein, and other nutrients. Further, it enhances hormone balance, production, and egg shell development. In addition to safeguarding animals, it also helps to keep silt out of waterways, minimizes soil erosion, and inhibits the growth of weeds. All of these elements are expected to produce profitable market expansion chances.
Market Drivers
Widespread industrialization and the prevalence of chronic diseases in livestock are the main causes maintaining the worldwide forages market's continued expansion. Like a consequence, market preferences are changing, and there is an increase in demand for high-quality natural and organic forage everywhere. As a result, people are becoming more aware of the advantages offered by forages, and as a result, the market is estimated to experience significant expansion throughout the anticipated period. The rising investments in the R&D industry is also a major driving force for the market. In addition, the examination of the quality and safety of high-quality forages, which will be required by law, is another significant aspect that affects the growth of the forages industry. Increased customer preference, a growing emphasis on livestock health, and optimised R&D sector advancements like the demand for forage analysis are some factors that are expected to create a wide range of profitable market opportunities.
Market Restraints
The factors that will hamper the market's growth are forage analysis's lack of awareness among forage farmers and growers, including the risk of forage contamination.
Impact of COVID-19
The coronavirus pandemic has impacted the bulk of the forage market’s manufacturing, development, production, and logistics units have been impacted in a bad way. However, few industries have grown during the pandemic, and the forages market is one of them. All manufacturing sectors have been emphasizing on growing their manufacturing, supply chain, and logistical facilities. As a fact, the forages market is still growing rapidly during the Covid-19 period.
Market Segmentation
Global Forages Market is segmented into Type, Crop Type, Products, Animal Type, and Application. By Type such as Store Forage and Fresh Forage. By Crop Type such as Cereals, Legumes, Grasses. By Products such as Ration, Hay, Silage, Others. By Animal Type such as Ruminants, Swine, Poultry, Others. By Application such as Dairy, Crops, Others.
Regional Analysis
Global Forages Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Due to the increased productivity advancements in farming within the region, North America dominates the global market for forages. Asia-Pacific, is estimated to generate profitable growth throughout the forecast period due to the rising usage of lipase enzymes, increased needs of natural and organic forages, end consumer preferences for higher quality animal feed.
Key Players
This report includes a list of numerous Key Players, namely Forage Genetics International, LLC (U.S.), DLF Pickseed (U.S.), Cargill, Incorporated. (U.S.), Standlee Premium Products, LLC (U.S.), Barenbrug USA (U.S.), BRETTYOUNG (U.S.), King's Agriseeds (U.S.), PGG Wrightson (New Zealand), Corteva (U.S.), Land O'Lakes, Inc. (U.S.).
Market Taxonomy
By Type
By Crop Type
By Products
By Animal Type
By Application
By Region
Global Forages Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Forages Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Forages Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Forages Market Share Analysis, By Type
5.3 Global Forages Market Size and Forecast, By Type
5.3.1 Store Forage
5.3.2 Fresh Forage
6 Global Forages Market, By Crop Type
6.1 Y-o-Y Growth Comparison, By Crop Type
6.2 Global Forages Market Share Analysis, By Crop Type
6.3 Global Forages Market Size and Forecast, By Crop Type
6.3.1 Cereals
6.3.2 Legumes
6.3.3 Grasses
7 Global Forages Market, By Products
7.1 Y-o-Y Growth Comparison, By Products
7.2 Global Forages Market Share Analysis, By Products
7.3 Global Forages Market Size and Forecast, By Products
7.3.1 Ration
7.3.2 Hay
7.3.3 Silage
7.3.4 Others
8 Global Forages Market, By Animal Type
8.1 Y-O-Y Growth Comparison, By Animal Type
8.2 Global Forages Market Share Analysis, By Animal Type
8.3 Global Forages Market Size and Forecast, By Animal Type
8.3.1 Ruminants
8.3.2 Swine
8.3.3 Poultry
8.3.4 Others
9 Global Forages Market, By Application
9.1 Y-O-Y Growth Comparison, By Application
9.2 Global Forages Market Share Analysis, By Application
9.3 Global Forages Market Size and Forecast, By Application
9.3.1 Dairy
9.3.2 Crops
9.3.3 Others
10 Global Forages Market, By Region
10.1 Global Forages Market Share Analysis, By Region
10.2 Global Forages Market Share Analysis, By Region
10.3 Global Forages Market Size and Forecast, By Region
11 North America Forages Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 North America Forages Market Share Analysis, By Type
11.3 North America Forages Market Size and Forecast, By Crop Type
11.4 North America Forages Market Size and Forecast, By Products
11.5 North America Forages Market Size and Forecast, By Animal Type
11.6 North America Forages Market Size and Forecast, By Application
11.7 North America Forages Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12 Europe Forages Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Europe Forages Market Share Analysis, By Type
12.3 Europe Forages Market Size and Forecast, By Crop Type
12.4 Europe Forages Market Size and Forecast, By Products
12.5 Europe Forages Market Size and Forecast, By Animal Type
12.6 Europe Forages Market Size and Forecast, By Application
12.7 Europe Forages Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13 Asia Pacific Forages Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Asia Pacific Forages Market Share Analysis, By Type
13.3 Asia Pacific Forages Market Size and Forecast, By Crop Type
13.4 Asia Pacific Forages Market Size and Forecast, By Products
13.5 Asia Pacific Forages Market Size and Forecast, By Animal Type
13.6 Asia Pacific Forages Market Size and Forecast, By Application
13.7 Asia Pacific Forages Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
14 Latin America Forages Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Latin America Forages Market Share Analysis, By Type
14.3 Latin America Forages Market Size and Forecast, By Crop Type
14.4 Latin America Forages Market Size and Forecast, By Products
14.5 Latin America Forages Market Size and Forecast, By Animal Type
14.6 Latin America Forages Market Size and Forecast, By Application
14.7 Latin America Forages Market Size and Forecast, Country
14.7.1. Brazil
14.7.2. Rest of Latin America
15 Middle East Forages Market Analysis and Forecast (2022-2027)
15.1 Introduction
15.2 Middle East Forages Market Share Analysis, By Type
15.3 Middle East Forages Market Size and Forecast, By Crop Type
15.4 Middle East Forages Market Size and Forecast, By Products
15.5 Middle East Forages Market Size and Forecast, By Animal Type
15.6 Middle East Forages Market Size and Forecast, By Application
15.7 Middle East Forages Market Size and Forecast, By Country
15.7.1. Saudi Arabia
15.7.2. UAE
15.7.3. Egypt
15.7.4. Kuwait
15.7.5. South Africa
16 Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17 Company Profiles
17.1 Forage Genetics International, LLC
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 DLF Pickseed
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 Cargill, Incorporated
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Standlee Premium Products, LLC
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Barenbrug USA
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 BRETTYOUNG
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 King's Agriseeds
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 PGG Wrightson
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Corteva
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Land O'Lakes, Inc.
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies
