About Forage Feed
Forage feed is a portion of food for domestic animals, which provides them with nutrition. Livestock such as poultry, horse, sheep, swine, cattle, and others. Forage feed comprises grass, silage, legumes, hay, and extracts from harvested crops. Almost 26% of the world’s land and 70% of the world’s agricultural land is covered by grasslands, as per statistics from the UN Food and Agriculture Organization.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
The forage feed market is likely to see continued consolidation as larger players look to expand their market share. However, there will also be opportunities for regional suppliers and niche players who can provide specialized products and services to farmers. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Forage Feed market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF (United States), Cargill (United States), NWF Group (United Kingdom), Standlee Hay (United States), The Pure Feed Company (United Kingdom), Triple Crown Nutrition (United States), Baileys Horse Feeds (United Kingdom), Chaffhaye (United States), J Grennan and Sons (Ireland), Lucerne Farms Inc. (United States) and Semican International (Canada) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Forage Feed market by Type (Stored Forage, Fresh Forage and Others), Application (Cattle, Poultry, Pork or Swine and Other) and Region.
On the basis of geography, the market of Forage Feed has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Ukraine, Norway, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Popularity of Organic Meats Globally and Emerging techniques in livestock breeding
Market Growth Drivers:
Surging Meat Consumption Globally, Expansion of Farm Animal Production and Rising Practices of Administering Forage Feed to Animals for Their Nutritional Content
Challenges:
Maintenance of Proper Stocking Rate and Balancing Animal Numbers with Forage Supply
Restraints:
High Cost Factor of Forage Feed and Lack of Funding for Forage Research
Opportunities:
Potential Growth in Emerging Countries and Forage Technology Adoption by Smallholder Cattle Households
Market Leaders and their expansionary development strategies
In September 2023: MAS Seeds launched a new range of forage mixtures and specialized blend inclusive of “MAS4 NUTRI” forage which are rich in legumes and would be used to increase animal diet. The new launches come as a part of the company’s efforts to increase its agronomic offerings to farmers.
In September 2023: MAS Seeds launched a new range of forage mixtures and specialized blend inclusive of “MAS4 NUTRI” forage which are rich in legumes and would be used to increase animal diet. The new launches come as a part of the company's efforts to increase its agronomic offerings to farmers.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.