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Global Forages Market Size, Trends, and Growth Opportunity, By Type (Store Forage and Fresh Forage), Crop Type (Cereals, Legumes, Grasses), By Products (Ration, Hay, Silage, Others), By Animal Type (Ruminants, Swine, Poultry, Others), By Application (Dairy, Crops, Others).


Report ID : IR100276 | Industries : Food and Beverage | Published On :May 2024 | Page Count : 148

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  • Global Forages Market Size, Trends, and Growth Opportunity, By Type (Store Forage and Fresh Forage), Crop Type (Cereals, Legumes, Grasses), By Products (Ration, Hay, Silage, Others), By Animal Type (Ruminants, Swine, Poultry, Others), By Application (Dairy, Crops, Others).
    Global Forages Market 
    Global Forages Market was valued at USD 634.20 million in 2021 and would rocket up to USD 896.7 million by 2027 at a CAGR of 4.77 % from 2022-2027.
    The plant material that is picked to feed livestock is called forage. It is a crucial part of agroecosystems and makes a significant contribution to the production of milk and food worldwide. It stimulates the metabolic processes of animals like ruminants, swine, and others and is rich in vitamins, fibres, protein, and other nutrients. Further, it enhances hormone balance, production, and egg shell development. In addition to safeguarding animals, it also helps to keep silt out of waterways, minimizes soil erosion, and inhibits the growth of weeds. All of these elements are expected to produce profitable market expansion chances.
    Market Drivers 
    Widespread industrialization and the prevalence of chronic diseases in livestock are the main causes maintaining the worldwide forages market's continued expansion. Like a consequence, market preferences are changing, and there is an increase in demand for high-quality natural and organic forage everywhere. As a result, people are becoming more aware of the advantages offered by forages, and as a result, the market is estimated to experience significant expansion throughout the anticipated period. The rising investments in the R&D industry is also a major driving force for the market. In addition, the examination of the quality and safety of high-quality forages, which will be required by law, is another significant aspect that affects the growth of the forages industry. Increased customer preference, a growing emphasis on livestock health, and optimised R&D sector advancements like the demand for forage analysis are some factors that are expected to create a wide range of profitable market opportunities.
    Market Restraints
    The factors that will hamper the market's growth are forage analysis's lack of awareness among forage farmers and growers, including the risk of forage contamination.
    Impact of COVID-19
    The coronavirus pandemic has impacted the bulk of the forage market’s manufacturing, development, production, and logistics units have been impacted in a bad way. However, few industries have grown during the pandemic, and the forages market is one of them. All manufacturing sectors have been emphasizing on growing their manufacturing, supply chain, and logistical facilities. As a fact, the forages market is still growing rapidly during the Covid-19 period.
    Market Segmentation
    Global Forages Market is segmented into Type, Crop Type, Products, Animal Type, and Application. By Type such as Store Forage and Fresh Forage. By Crop Type such as Cereals, Legumes, Grasses. By Products such as Ration, Hay, Silage, Others. By Animal Type such as Ruminants, Swine, Poultry, Others. By Application such as Dairy, Crops, Others.
    Regional Analysis
    Global Forages Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Due to the increased productivity advancements in farming within the region, North America dominates the global market for forages. Asia-Pacific, is estimated to generate profitable growth throughout the forecast period due to the rising usage of lipase enzymes, increased needs of natural and organic forages, end consumer preferences for higher quality animal feed.
    Key Players
    This report includes a list of numerous Key Players, namely Forage Genetics International, LLC (U.S.), DLF Pickseed (U.S.), Cargill, Incorporated. (U.S.), Standlee Premium Products, LLC (U.S.), Barenbrug USA (U.S.), BRETTYOUNG (U.S.), King's Agriseeds (U.S.), PGG Wrightson (New Zealand), Corteva (U.S.), Land O'Lakes, Inc. (U.S.).
    Market Taxonomy
    By Type

    •        Store Forage
    •        Fresh Forage
    By Crop Type
    •        Cereals
    •        Legumes
    •        Grasses
    By Products
    •        Ration
    •        Hay
    •        Silage
    •        Others
    By Animal Type
    •        Ruminants
    •        Swine
    •        Poultry
    •        Others
    By Application
    •        Dairy
    •        Crops
    •        Others
    By Region
    •        North America
    •        Latin America
    •        Europe
    •        Asia Pacific
    •        Middle East & Africa.

    Global Forages Market TOC:
    1 Introduction        
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Forages Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Forages Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type 
    5.2 Global Forages Market Share Analysis, By Type 
    5.3 Global Forages Market Size and Forecast, By Type
    5.3.1 Store Forage
    5.3.2 Fresh Forage
    6 Global Forages Market, By Crop Type
    6.1 Y-o-Y Growth Comparison, By Crop Type
    6.2 Global Forages Market Share Analysis, By Crop Type
    6.3 Global Forages Market Size and Forecast, By Crop Type
    6.3.1 Cereals
    6.3.2 Legumes
    6.3.3 Grasses
    7 Global Forages Market, By Products
    7.1 Y-o-Y Growth Comparison, By Products
    7.2 Global Forages Market Share Analysis, By Products
    7.3 Global Forages Market Size and Forecast, By Products
    7.3.1 Ration
    7.3.2 Hay
    7.3.3 Silage
    7.3.4 Others
    8 Global Forages Market, By Animal Type 
    8.1 Y-O-Y Growth Comparison, By Animal Type
    8.2 Global Forages Market Share Analysis, By Animal Type
    8.3 Global Forages Market Size and Forecast, By Animal Type
    8.3.1 Ruminants
    8.3.2 Swine
    8.3.3 Poultry
    8.3.4 Others
    9 Global Forages Market, By Application
    9.1 Y-O-Y Growth Comparison, By Application
    9.2 Global Forages Market Share Analysis, By Application
    9.3 Global Forages Market Size and Forecast, By Application
    9.3.1 Dairy
    9.3.2 Crops
    9.3.3 Others
    10 Global Forages Market, By Region
    10.1 Global Forages Market Share Analysis, By Region
    10.2 Global Forages Market Share Analysis, By Region
    10.3 Global Forages Market Size and Forecast, By Region
    11 North America Forages Market Analysis and Forecast (2022-2027)
    11.1 Introduction
    11.2 North America Forages Market Share Analysis, By Type
    11.3 North America Forages Market Size and Forecast, By Crop Type
    11.4 North America Forages Market Size and Forecast, By Products
    11.5 North America Forages Market Size and Forecast, By Animal Type
    11.6 North America Forages Market Size and Forecast, By Application
    11.7 North America Forages Market Size and Forecast, By Country
    11.7.1 U.S.
    11.7.2 Canada
    11.7.3 Mexico
    12 Europe Forages Market Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 Europe Forages Market Share Analysis, By Type 
    12.3 Europe Forages Market Size and Forecast, By Crop Type 
    12.4 Europe Forages Market Size and Forecast, By Products
    12.5 Europe Forages Market Size and Forecast, By Animal Type
    12.6 Europe Forages Market Size and Forecast, By Application
    12.7 Europe Forages Market Size and Forecast, By Country
    12.7.1 Germany
    12.7.2 France
    12.7.3 UK
    12.7.4. Rest of Europe
    13 Asia Pacific Forages Market Analysis and Forecast (2022-2027)
    13.1 Introduction
    13.2 Asia Pacific Forages Market Share Analysis, By Type 
    13.3 Asia Pacific Forages Market Size and Forecast, By Crop Type 
    13.4 Asia Pacific Forages Market Size and Forecast, By Products
    13.5 Asia Pacific Forages Market Size and Forecast, By Animal Type
    13.6 Asia Pacific Forages Market Size and Forecast, By Application
    13.7 Asia Pacific Forages Market Size and Forecast, By Country
    13.7.1 China        
    13.7.2 Japan
    13.7.3 India
    13.7.4. Rest of Asia Pacific
    14 Latin America Forages Market Analysis and Forecast (2022-2027)
    14.1 Introduction
    14.2 Latin America Forages Market Share Analysis, By Type 
    14.3 Latin America Forages Market Size and Forecast, By Crop Type 
    14.4 Latin America Forages Market Size and Forecast, By Products
    14.5 Latin America Forages Market Size and Forecast, By Animal Type
    14.6 Latin America Forages Market Size and Forecast, By Application
    14.7 Latin America Forages Market Size and Forecast, Country
    14.7.1. Brazil
    14.7.2. Rest of Latin America
    15 Middle East Forages Market Analysis and Forecast (2022-2027)
    15.1 Introduction
    15.2 Middle East Forages Market Share Analysis, By Type 
    15.3 Middle East Forages Market Size and Forecast, By Crop Type 
    15.4 Middle East Forages Market Size and Forecast, By Products
    15.5 Middle East Forages Market Size and Forecast, By Animal Type
    15.6 Middle East Forages Market Size and Forecast, By Application
    15.7 Middle East Forages Market Size and Forecast, By Country
    15.7.1. Saudi Arabia
    15.7.2. UAE
    15.7.3. Egypt
    15.7.4. Kuwait
    15.7.5. South Africa
    16 Competitive Analysis
    16.1 Competition Dashboard
    16.2 Market share Analysis of Top Vendors
    16.3 Key Development Strategies
    17 Company Profiles
    17.1 Forage Genetics International, LLC 
    17.1.1 Overview
    17.1.2 Offerings
    17.1.3 Key Financials
    17.1.4 Business Segment & Geographic Overview
    17.1.5 Key Market Developments
    17.1.6 Key Strategies
    17.2 DLF Pickseed 
    17.2.1 Overview
    17.2.2 Offerings
    17.2.3 Key Financials
    17.2.4 Business Segment & Geographic Overview
    17.2.5 Key Market Developments
    17.2.6 Key Strategies
    17.3 Cargill, Incorporated
    17.3.1 Overview
    17.3.2 Offerings
    17.3.3 Key Financials
    17.3.4 Business Segment & Geographic Overview
    17.3.5 Key Market Developments
    17.3.6 Key Strategies
    17.4 Standlee Premium Products, LLC 
    17.4.1 Overview
    17.4.2 Offerings
    17.4.3 Key Financials
    17.4.4 Business Segment & Geographic Overview
    17.4.5 Key Market Developments
    17.4.6 Key Strategies
    17.5 Barenbrug USA 
    17.5.1 Overview
    17.5.2 Offerings
    17.5.3 Key Financials
    17.5.4 Business Segment & Geographic Overview
    17.5.5 Key Market Developments
    17.5.6 Key Strategies
    17.6 BRETTYOUNG 
    17.6.1 Overview
    17.6.2 Offerings
    17.6.3 Key Financials
    17.6.4 Business Segment & Geographic Overview
    17.6.5 Key Market Developments
    17.6.6 Key Strategies
    17.7 King's Agriseeds 
    17.7.1 Overview
    17.7.2 Offerings
    17.7.3 Key Financials
    17.7.4 Business Segment & Geographic Overview
    17.7.5 Key Market Developments
    17.7.6 Key Strategies        
    17.8 PGG Wrightson 
    17.8.1 Overview
    17.8.2 Offerings
    17.8.3 Key Financials
    17.8.4 Business Segment & Geographic Overview
    17.8.5 Key Market Developments
    17.8.6 Key Strategies
    17.9 Corteva 
    17.9.1 Overview
    17.9.2 Offerings
    17.9.3 Key Financials
    17.9.4 Business Segment & Geographic Overview
    17.9.5 Key Market Developments
    17.9.6 Key Strategies
    17.10 Land O'Lakes, Inc. 
    17.10.1 Overview
    17.10.2 Offerings
    17.10.3 Key Financials
    17.10.4 Business Segment & Geographic Overview
    17.10.5 Key Market Developments
    17.10.6 Key Strategies