The global forage feed market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. The rising meat and dairy consumption demands are promoting a considerable growth of the animal agricultural industry, which in turn is driving up forage feed demand. For instance, the US produced 11.9 billion Kg of beef 11.6 billion pounds of pork 2.6 billion Kg of turkey 36.3 million Kg of veal 68.1 million kg of lamb and mutton, and 19.1 billion pounds of chicken in 2017. Therefore, the massive production of meat animals requires a large amount of forage, which in turn boosts the forage feed market.
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in November 2020, Forage Genetics International (FGI) partnered with Land O’Lakes Venture37, Corteva Agriscience, Bidco Land O’Lakes, and the International Livestock Research Institute (ILRI) in the Nourishing Prosperity Alliance that aims to strengthen dairy production in central Kenya. The project will help advance the sustainable farming practices of more than 5,000 women smallholder dairy farmers and ease the annual 2.2 billion-liter shortage1 of dairy products in the country. In addition to FGI’s forage leadership, the alliance combines Corteva’s leadership in agricultural inputs and support of smallholder farmers with ILRI’s locally-based, world-renowned forage R&D capabilities and livestock management practices.
Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Products
- By Animal Type
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– ADM Alliance Nutrition, Wilbur Ellis Holdings Inc, Mitsubishi Corp, Standlee Premium Products, LLC.
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Global Forage Feed Market Report Segment
By Products
- Stored Forage
- Fresh Forage
- Others
By Animal Type
- Ruminants
- Poultry
- Swine
- Others
Global Forage Feed Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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