The global market for forage feed is projected to have a considerable CAGR of around 4.5% during the forecast period. Forages are plants or parts of plants eaten by herbivorous animals. These are mainly the plant leaves and stems consumed by grazing livestock. The price of forage feed is lower as compared to other feeds, such as oilseed and wheat bran and they do not depend on pesticides and synthetic fertilizers. The demand for forage feed is heavily influenced by animal husbandry and livestock. Forage seeds are in high demand due to rising animal feed demands. Over the forecast period, rising per capita meat consumption is predicted to boost demand for forage feed. Farmers particularly prefer the cultivation of these feeds due to the obvious economic benefits, which include risk diversification, crop rotation, soil erosion prevention, and enhanced soil structure. There are some restraints and constraints that will impede overall market expansion such as farmers’ reluctance to pay for high-quality seeds, time-consuming cultivation, production uncertainty, and the need for a large investment.
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The global forage feed market is segmented based on products, and animal type. Based on the products, the market is further classified into stored forage, fresh forage, and others. Further, based on the animal type the market is classified into ruminants, poultry, swine, and others.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Forage Feed Market by Products
- Stored Forage
- Fresh Forage
- Others
Global Forage Feed Market by Animal Type
- Ruminants
- Poultry
- Swine
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- ASEAN
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ADM Alliance Nutrition Inc
- Al Dahra ACX Global Inc.
- Baileys Horse Feeds
- BASF SE
- Cargill Inc
- Chaffhaye Inc
- Enterra Corp
- Germinal GB Ltd
- Hindustan Animal Feeds
- Kemin Industries, Inc
- Land O Lake Inc
- Lucerne Farms
- NWF Agriculture Ltd
- Riverina Australia Pty Ltd.
- SGS SA
- Standlee Premium Products, LLC
- Taj Agro Products Ltd
- Triple Crown Nutrition
- Triple Crown Nutrition Inc.
- Wilbur-Ellis Holdings Inc.
The Report Covers
- Market value data analysis of 2022 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Forage Feed market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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