Market Overview:
The global forage analysis 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 quality feed and rising awareness about the benefits of forage analysis among livestock farmers. The global forage analysis market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into nutrients, mycotoxins, dry matter, and others. The nutrients segment is expected to account for a major share in the global forage analysis market due to its growing demand from cattle and equine farmers across the globe. The mycotoxins segment is projected to grow at a high CAGR during the forecast period owing to its increasing use in livestock feed as a toxin binder. On the basis of application, cattle farming accounted for majority share in 2017 and is projected to maintain its dominance during 2018-2030 owing to rising demand from developing countries such as China and India.
Product Definition:
The definition of Forage Analysis is the testing and evaluation of forages to determine their nutrient content. The importance of Forage Analysis is that it helps farmers and ranchers to determine which forages are best suited for their livestock, what nutrients those forages contain, and how much supplementation may be necessary.
Nutrients:
Nutrients is a term used for the elements required in small quantities to grow and maintain cells, tissues or organs. Nutrients are available in two forms: macronutrients (Proteins, Carbohydrates & Fats) and micronutrients (Vitamins). The nutrients that reach the plant can be either taken up by the roots or they can be translocated within the plant via xylem and phloem.
Mycotoxins:
Mycotoxins are secondary metabolites produced by certain fungi as a response to certain stimuli. They can be classified on the basis of their chemical structures into three major groups namely, i) Aflatoxin group (steatinolytic and non-steatinolytic); ii) Diatoxin group; and iii) Trichotoxins group.
Application Insights:
The cattle application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the high demand for grass-fed beef across various regions, including North America and Europe. In addition, increasing consumption of mutton and lamb meat from sheep raised onforage diets is expected to propel industry growth over the forecast period.
Nutritionally speaking, adequate levels of crude protein (CP), energy (E) and fat (F) are required by animals ruminants such as cows & buffalos).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with a few fluctuations due to various factors such as disease outbreaks and economic crises. The U.S., being one of the most developed nations, has been free from major mycotoxin-producing fungi and pests over the past few decades which has contributed significantly to regional growth.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period owing to increasing livestock production in countries such as China, India, Australia and New Zealand among others will drive demand for forage analysis products over next eight years or so. Moreover, rising awareness regarding animal health & nutrition among farmers will also help boost regional growth shortly after North America finishes growing phase (by 2030).
Growth Factors:
- Increasing demand for quality food products: There is an increasing demand for quality food products, which has led to the growth of the Forage Analysis market.
- Technological advancements: The Forage Analysis market is witnessing technological advancements, which is aiding in its growth.
- Rising awareness about animal health and nutrition: There is a rising awareness among people about animal health and nutrition, which is propelling the growth of the Forage Analysis market.
- Growing livestock population: The global livestock population is growing at a rapid pace, thereby driving the demand for Forage Analysis products and services worldwide. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Forage Analysis Market Research Report
By Type
Nutrients, Mycotoxins, Dry Matter, Others
By Application
Cattle, Equine, Sheep
By Companies
SGS, Eurofins Scientific, Intertek, Cargill, CVAS, R J Hill Laboratories, Dodson & Horrell, Cawood Scientific, Servi-Tech, Dairyland Laboratories, Dairy One, Minnesota Valley Testing Laboratories, Massey Feeds
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Forage Analysis Market Report Segments:
The global Forage Analysis market is segmented on the basis of:
Types
Nutrients, Mycotoxins, Dry Matter, Others
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, Equine, Sheep
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:
- SGS
- Eurofins Scientific
- Intertek
- Cargill
- CVAS
- R J Hill Laboratories
- Dodson & Horrell
- Cawood Scientific
- Servi-Tech
- Dairyland Laboratories
- Dairy One
- Minnesota Valley Testing Laboratories
- Massey Feeds
Highlights of The Forage Analysis 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:
- Nutrients
- Mycotoxins
- Dry Matter
- Others
- By Application:
- Cattle
- Equine
- Sheep
- 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 Analysis 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- 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 analysis is a process used to determine the nutritive value of forages. This includes assessing the amount and quality of nutrients, as well as estimating digestibility.
Some of the major companies in the forage analysis market are SGS, Eurofins Scientific, Intertek, Cargill, CVAS, R J Hill Laboratories, Dodson & Horrell, Cawood Scientific, Servi-Tech, Dairyland Laboratories, Dairy One, Minnesota Valley Testing Laboratories, Massey Feeds.
The forage analysis market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Forage Analysis Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Forage Analysis Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Forage Analysis Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Forage Analysis Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Forage Analysis Market Size & Forecast, 2018-2028
4.5.1 Forage Analysis Market Size and Y-o-Y Growth
4.5.2 Forage Analysis Market Absolute $ Opportunity
Chapter 5 Global Forage Analysis Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Forage Analysis Market Size Forecast by Type
5.2.1 Nutrients
5.2.2 Mycotoxins
5.2.3 Dry Matter
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Forage Analysis Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Forage Analysis Market Size Forecast by Applications
6.2.1 Cattle
6.2.2 Equine
6.2.3 Sheep
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Forage Analysis Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Forage Analysis Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Forage Analysis Analysis and Forecast
9.1 Introduction
9.2 North America Forage Analysis Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Forage Analysis Market Size Forecast by Type
9.6.1 Nutrients
9.6.2 Mycotoxins
9.6.3 Dry Matter
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Forage Analysis Market Size Forecast by Applications
9.10.1 Cattle
9.10.2 Equine
9.10.3 Sheep
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Forage Analysis Analysis and Forecast
10.1 Introduction
10.2 Europe Forage Analysis Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Forage Analysis Market Size Forecast by Type
10.6.1 Nutrients
10.6.2 Mycotoxins
10.6.3 Dry Matter
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Forage Analysis Market Size Forecast by Applications
10.10.1 Cattle
10.10.2 Equine
10.10.3 Sheep
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Forage Analysis Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Forage Analysis Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Forage Analysis Market Size Forecast by Type
11.6.1 Nutrients
11.6.2 Mycotoxins
11.6.3 Dry Matter
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Forage Analysis Market Size Forecast by Applications
11.10.1 Cattle
11.10.2 Equine
11.10.3 Sheep
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Forage Analysis Analysis and Forecast
12.1 Introduction
12.2 Latin America Forage Analysis Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Forage Analysis Market Size Forecast by Type
12.6.1 Nutrients
12.6.2 Mycotoxins
12.6.3 Dry Matter
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Forage Analysis Market Size Forecast by Applications
12.10.1 Cattle
12.10.2 Equine
12.10.3 Sheep
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Forage Analysis Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Forage Analysis Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Forage Analysis Market Size Forecast by Type
13.6.1 Nutrients
13.6.2 Mycotoxins
13.6.3 Dry Matter
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Forage Analysis Market Size Forecast by Applications
13.10.1 Cattle
13.10.2 Equine
13.10.3 Sheep
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Forage Analysis Market: Competitive Dashboard
14.2 Global Forage Analysis Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SGS
14.3.2 Eurofins Scientific
14.3.3 Intertek
14.3.4 Cargill
14.3.5 CVAS
14.3.6 R J Hill Laboratories
14.3.7 Dodson & Horrell
14.3.8 Cawood Scientific
14.3.9 Servi-Tech
14.3.10 Dairyland Laboratories
14.3.11 Dairy One
14.3.12 Minnesota Valley Testing Laboratories
14.3.13 Massey Feeds
