Forage Market Research Report, Global Growth Drivers and Opportunities 2023-2028
IMARC Group, a leading market research company, has recently releases a report titled “Forage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global forage market size, report , share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global forage market size reached US$ 86.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 114.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.73% during 2023-2028.
What is Forage?
Forage
refers to edible plants, including grasses, legumes, and other vegetation,
which are used as a primary food source for animals, such as cattle, sheep, or
horses. It has environmental advantages, as it reduces the need for chemical
fertilizers and can sequester carbon, mitigating climate change impacts. It
provides a natural and nutritionally balanced diet for livestock as grazing on
a variety of plants allows animals to access essential nutrients, vitamins, and
minerals, promoting their overall health and well-being. It also contributes to
sustainable farming practices while improving soil health by reducing erosion,
enhancing organic matter, and promoting biodiversity. Additionally, as it is
cost-effective, reducing the reliance on expensive commercial feeds, the demand
for forage is rising across the globe.
Forage Market Trends and Industry Demand:
At present,
the growing global population is leading to the increasing demand for meat,
milk, and other livestock products. This, in turn, represents one of the key
factors offering a favorable market outlook. Besides this, farmers are
increasingly recognizing the importance of nutrition in livestock health and
productivity. High-quality forage plays a crucial role in providing essential
nutrients to animals, promoting their well-being and enhancing production
efficiency.
Moreover,
the increasing emphasis on sustainable agricultural practices is propelling the
growth of the market. Forage helps in soil conservation, reduces the need for
synthetic fertilizers, and can contribute to carbon sequestration, aligning
with sustainability goals. In addition, forage crops, such as certain grasses
and legumes, are known for their resilience to changing weather patterns. They
can withstand droughts and other adverse conditions, providing a reliable feed
source during climate change-related challenges.
Apart from
this, advancements in forage crop breeding and genetics are leading to the
development of high-yielding and nutritionally rich varieties. These
innovations enhance the efficiency of livestock production. Furthermore, the
rising awareness among the masses about the importance of animal welfare and
sustainable farming practices is catalyzing the demand for products derived
from animals raised on high-quality forage diets.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/forage-market
Who are the leaders in the forage market?
- Allied Seed LLC
- Barenbrug USA
- BrettYoung
- Cargill Incorporated
- Corteva Inc.
- DLF Seeds A/S
- Forage Genetics International LLC (Land O'Lakes Inc.)
- King's Agriseeds Inc.
- Rivard's Turf & Forage
- Standlee Premium Products LLC.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Crop Type:
- Cereals
- Legumes
- Grasses
Breakup by Product Type:
- Stored Forage
o
Silage
o
Hay
- Fresh Forage
Breakup by Animal Type:
- Ruminants
- Swine
- Poultry
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
- Market Performance
- Market Outlook
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
