PUBLISHER: IMARC | PRODUCT CODE: 1287623
PUBLISHER: IMARC | PRODUCT CODE: 1287623
Forage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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.
Forage is an edible part of the plants that are harvested for feeding livestock. It is an important component of agroecosystems and contributes significantly to world food production. It is rich in vitamins, fibers and proteins and enhances metabolic activities of animals. It helps in milk production, which is achieved by maintaining the rumen health of animals. It improves eggshell formation, fluid balance and hormone production among various poultry farm birds. Besides this, it also prevents soil erosion, aids in keeping sediment out of waterways, reduces weed development, purifies air and water, mitigates greenhouse gas impact and provides wildlife habitat.
Forage Market Trends:
At present, the increasing awareness among individuals about the health benefits of consuming animal products like milk and meat, along with the escalating demand for forage to obtain high-quality products from cattle, represents one of the key factors driving the market. Moreover, the reduction of land for grazing animals due to a lack of proper wildlife management is propelling the growth of the market around the world. In addition, with the rising focus on the health of livestock, farmers are increasingly preferring natural and organic forage as it provides adequate nutrition to animals. This, coupled with favorable laws implemented by governments of several countries worldwide, is positively influencing the market. Besides this, the expanding agricultural industry and improvements in fertilizers are offering lucrative growth opportunities to industry investors. Furthermore, key market players are extensively investing in research and development (R&D) activities to improve product quality. They are also focusing on product innovations, technological breakthroughs and effective allocation of resources, which is projected to strengthen their overall sales and profitability.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global forage market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on crop type, product type and animal type.
Breakup by Crop Type:
Cereals
Legumes
Grasses
Breakup by Product Type:
Stored Forage
Silage
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Standlee Premium Products LLC.
Key Questions Answered in This Report
1. What was the size of the global forage market in 2022?
2. What is the expected growth rate of the global forage market during 2023-2028?
3. What are the key factors driving the global forage market?
4. What has been the impact of COVID-19 on the global forage market?
5. What is the breakup of the global forage market based on the crop type?
6. What is the breakup of the global forage market based on the product type?
7. What is the breakup of the global forage market based on the animal type?
8. What are the key regions in the global forage market?
9. Who are the key players/companies in the global forage market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Forage Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Crop Type
- 6.1 Cereals
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Legumes
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Grasses
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Product Type
- 7.1 Stored Forage
- 7.1.1 Market Trends
- 7.1.2 Key Segments
- 7.1.2.1 Silage
- 7.1.2.2 Hay
- 7.1.3 Market Forecast
- 7.2 Fresh Forage
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Animal Type
- 8.1 Ruminants
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Swine
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Poultry
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Allied Seed LLC
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Barenbrug USA
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 BrettYoung
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Cargill Incorporated
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 SWOT Analysis
- 14.3.5 Corteva Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 DLF Seeds A/S
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Forage Genetics International LLC (Land O'Lakes Inc.)
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 King's Agriseeds Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Rivard's Turf & Forage
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Standlee Premium Products LLC
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.1 Allied Seed LLC
List of Figures
- Figure 1: Global: Forage Market: Major Drivers and Challenges
- Figure 2: Global: Forage Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Forage Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Forage Market: Breakup by Crop Type (in %), 2022
- Figure 5: Global: Forage Market: Breakup by Product Type (in %), 2022
- Figure 6: Global: Forage Market: Breakup by Animal Type (in %), 2022
- Figure 7: Global: Forage Market: Breakup by Region (in %), 2022
- Figure 8: Global: Forage (Cereals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Forage (Cereals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Forage (Legumes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Forage (Legumes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Forage (Grasses) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Forage (Grasses) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Forage (Stored Forage) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Forage (Stored Forage) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Forage (Fresh Forage) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Forage (Fresh Forage) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Forage (Ruminants) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Forage (Ruminants) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Forage (Swine) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Forage (Swine) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Forage (Poultry) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Forage (Poultry) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Forage (Other Animal Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Forage (Other Animal Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: North America: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: North America: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: United States: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: United States: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Canada: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Canada: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Asia-Pacific: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Asia-Pacific: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: China: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: China: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Japan: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Japan: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: India: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: India: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: South Korea: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: South Korea: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Australia: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Australia: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Indonesia: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Indonesia: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Others: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Others: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Europe: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Europe: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Germany: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Germany: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: France: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: France: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: United Kingdom: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: United Kingdom: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Italy: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Italy: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Spain: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Spain: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Russia: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Russia: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Others: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Others: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Latin America: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Latin America: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Brazil: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Brazil: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Mexico: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Mexico: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Middle East and Africa: Forage Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Middle East and Africa: Forage Market: Breakup by Country (in %), 2022
- Figure 74: Middle East and Africa: Forage Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Global: Forage Industry: SWOT Analysis
- Figure 76: Global: Forage Industry: Value Chain Analysis
- Figure 77: Global: Forage Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Forage Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Forage Market Forecast: Breakup by Crop Type (in Million US$), 2023-2028
- Table 3: Global: Forage Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 4: Global: Forage Market Forecast: Breakup by Animal Type (in Million US$), 2023-2028
- Table 5: Global: Forage Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Forage Market: Competitive Structure
- Table 7: Global: Forage Market: Key Players
