Market Overview:
The global forage feed market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for livestock products, rising awareness about animal health and nutrition, and technological advancements in the livestock industry. Based on type, the stored forage segment is projected to lead the global forage feed market during the forecast period. This segment is driven by factors such as easy availability and low cost of stored forages as compared to fresh forages. The fresh forage segment is projected to grow at a higher CAGR than other segments during the forecast period owing to its benefits such as improved digestibility, palatability, and nutritional value over stored or processed feeds. Based on application, cattle accounted for majority of the share in 2017 and this trend is expected continue during 2018-2030 owing high demand from dairy sector across globe coupled with rising meat consumption trends in emerging countries including China & India .
Product Definition:
Forage Feed is a feed that consists of hay and other plants that are cut and eaten green.
Stored Forage:
Stored Forage is the food that remains in the stalks after harvest and before it goes through processing. It can be harvested at any time during its growth period but ideally it should be harvested when it's at its peak or just before it starts to grow. Stored forage has a high concentration of nutrients, starch, fiber & protein which makes up for an excellent source of energy & nutrition for livestock animals especially ruminants.
Fresh Forage:
Forage is the part of plant material which is consumed by livestock. It can be fresh forage or dry forage. Fresh Forage contains live plants and it's primary function is to provide nutrition to animals in their diet. The amount of fresh forage required depends on the type of animal being fed, its nutritional requirements, and environmental factors such as climate etc.
Application Insights:
The cattle application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for grass-fed beef across various regions, including North America and Europe. In addition, favorable government regulations regarding animal health and well-being are expected to drive product demand in this segment over the coming years.
Poultry is one of the fastest growing segments owing to rising awareness among consumers about healthy food products and changing consumer lifestyle trends towards consumption of poultry meat products such as chicken, turkey breast, etc., instead of red meats such as lamb or beef.
Regional Analysis:
North America dominated the global forage feed market in 2017. The region is expected to witness a growth rate of 2.8% over the forecast period, owing to increasing meat consumption and rising awareness about animal nutrition. In addition, growing demand for high-quality protein sources is anticipated to propel industry expansion over the next eight years.
Asia Pacific accounted for a significant share in terms of volume as well as revenue and was valued at USD X million in 2017 on account of rapid industrialization along with expanding livestock population mainly in China and India has led to an increaseing demand for quality supplements across various applications such as ruminant animals or monogastric animals (poultry).
Growth Factors:
- Increasing demand for livestock products: The global population is growing at a rapid pace and so is the demand for meat, eggs, and milk. This is driving the need for more animal feed, which in turn is boosting the Forage Feed market.
- Rising awareness about animal nutrition: Farmers are becoming increasingly aware of the importance of providing good quality feed to their animals in order to improve their health and productivity. This is helping to drive growth in the Forage Feed market.
- Technological advancements: The development of new technologies that help improve crop yields is benefiting the Forage Feed market by increasing production of high-quality fodder crops.
- Growing popularity of organic farming: There has been a surge in interest in organic farming methods around the world, as people become more aware of its benefits for both humans and animals alike .This trend is helping to boost sales of organic Forage Feed products, thereby driving growth in this market segment.. 5) Regulatory support: Governments are providing regulatory support to promote sustainable agriculture practices, which includes using Forage Feed as an important component thereof
Scope Of The Report
Report Attributes
Report Details
Report Title
Forage Feed Market Research Report
By Type
Stored Forage, Fresh Forage, Other
By Application
Cattle, Poultry, Pork or Swine, Other
By Companies
ADM Animal Nutrition, BASF, Cargill, NWF Group, Standlee Hay, The Pure Feed Company, Triple Crown Nutrition, Baileys Horse Feeds, Chaffhaye, J Grennan & Sons, Lucerne Farms, Semican International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Forage Feed Market Report Segments:
The global Forage Feed market is segmented on the basis of:
Types
Stored Forage, Fresh Forage, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cattle, Poultry, Pork or Swine, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ADM Animal Nutrition
- BASF
- Cargill
- NWF Group
- Standlee Hay
- The Pure Feed Company
- Triple Crown Nutrition
- Baileys Horse Feeds
- Chaffhaye
- J Grennan & Sons
- Lucerne Farms
- Semican International
Highlights of The Forage Feed Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stored Forage
- Fresh Forage
- Other
- By Application:
- Cattle
- Poultry
- Pork or Swine
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Forage Feed Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Forage feed is a type of animal feed that is composed of fresh or dried forages.
Some of the key players operating in the forage feed market are ADM Animal Nutrition, BASF, Cargill, NWF Group, Standlee Hay, The Pure Feed Company, Triple Crown Nutrition, Baileys Horse Feeds, Chaffhaye, J Grennan & Sons, Lucerne Farms, Semican International.
The forage feed market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Forage Feed Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Forage Feed Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Forage Feed Market - Supply Chain
4.5. Global Forage Feed Market Forecast
4.5.1. Forage Feed Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Forage Feed Market Size (000 Units) and Y-o-Y Growth
4.5.3. Forage Feed Market Absolute $ Opportunity
5. Global Forage Feed Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Forage Feed Market Size and Volume Forecast by Type
5.3.1. Stored Forage
5.3.2. Fresh Forage
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Forage Feed Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Forage Feed Market Size and Volume Forecast by Application
6.3.1. Cattle
6.3.2. Poultry
6.3.3. Pork or Swine
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Forage Feed Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Forage Feed Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Forage Feed Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Forage Feed Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Forage Feed Demand Share Forecast, 2019-2029
9. North America Forage Feed Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Forage Feed Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Forage Feed Market Size and Volume Forecast by Application
9.4.1. Cattle
9.4.2. Poultry
9.4.3. Pork or Swine
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Forage Feed Market Size and Volume Forecast by Type
9.7.1. Stored Forage
9.7.2. Fresh Forage
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Forage Feed Demand Share Forecast, 2019-2029
10. Latin America Forage Feed Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Forage Feed Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Forage Feed Market Size and Volume Forecast by Application
10.4.1. Cattle
10.4.2. Poultry
10.4.3. Pork or Swine
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Forage Feed Market Size and Volume Forecast by Type
10.7.1. Stored Forage
10.7.2. Fresh Forage
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Forage Feed Demand Share Forecast, 2019-2029
11. Europe Forage Feed Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Forage Feed Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Forage Feed Market Size and Volume Forecast by Application
11.4.1. Cattle
11.4.2. Poultry
11.4.3. Pork or Swine
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Forage Feed Market Size and Volume Forecast by Type
11.7.1. Stored Forage
11.7.2. Fresh Forage
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. y Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Forage Feed Demand Share, 2019-2029
12. Asia Pacific Forage Feed Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Forage Feed Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Forage Feed Market Size and Volume Forecast by Application
12.4.1. Cattle
12.4.2. Poultry
12.4.3. Pork or Swine
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Forage Feed Market Size and Volume Forecast by Type
12.7.1. Stored Forage
12.7.2. Fresh Forage
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Forage Feed Demand Share, 2019-2029
13. Middle East & Africa Forage Feed Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Forage Feed Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Forage Feed Market Size and Volume Forecast by Application
13.4.1. Cattle
13.4.2. Poultry
13.4.3. Pork or Swine
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Forage Feed Market Size and Volume Forecast by Type
13.7.1. Stored Forage
13.7.2. Fresh Forage
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Forage Feed Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Forage Feed Market: Market Share Analysis
14.2. Forage Feed Distributors and Customers
14.3. Forage Feed Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ADM Animal Nutrition
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cargill
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NWF Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Standlee Hay
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. The Pure Feed Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Triple Crown Nutrition
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Baileys Horse Feeds
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chaffhaye
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. J Grennan & Sons
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lucerne Farms
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Semican International
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
