Forage Feed Market Outlook 2029: Presents Market Insights & Depth Analysis
The global forage feed market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. The rising meat and dairy consumption demands are promoting a considerable growth of the animal agricultural industry, which in turn is driving up forage feed demand. For instance, the US produced 11.9 billion Kg of beef 11.6 billion pounds of pork 2.6 billion Kg of turkey 36.3 million Kg of veal 68.1 million kg of lamb and mutton, and 19.1 billion pounds of chicken in 2017. Therefore, the massive production of meat animals requires a large amount of forage, which in turn boosts the forage feed market.
Rising acquisitions, product
approval, collaborations among the major players in the market also propel the
growth of the market. For instance, in November 2020, Forage Genetics
International (FGI) partnered with Land O’Lakes Venture37, Corteva Agriscience,
Bidco Land O’Lakes, and the International Livestock Research Institute (ILRI)
in the Nourishing Prosperity Alliance that aims to strengthen dairy production
in central Kenya. The project will help advance the sustainable farming
practices of more than 5,000 women smallholder dairy farmers and ease the
annual 2.2 billion-liter shortage1 of dairy products in the country. In
addition to FGI’s forage leadership, the alliance combines Corteva’s leadership
in agricultural inputs and support of smallholder farmers with ILRI’s
locally-based, world-renowned forage R&D capabilities and livestock
management practices.
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Market Coverage
•
The market number available for – 2021-2030
•
Base year- 2022
•
Forecast period- 2023-2030
Segment Covered-
•
By Products
•
By Animal Type
Regions Covered
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
•
Competitive Landscape- ADM Alliance Nutrition,
Wilbur Ellis Holdings Inc, Mitsubishi Corp, Standlee Premium Products, LLC.
A
full Report of Forage Feed Market is Available @ https://www.omrglobal.com/industry-reports/forage-feed-market
Forage Feed Market Report Segment
By Products
•
Stored Forage
•
Fresh Forage
•
Others
By Animal Type
•
Ruminants
•
Poultry
•
Swine
•
Others
Forage Feed Market
Report Segment by Region
North America
· United
States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest
of Europe
Asia-Pacific
· India
· China
· Japan
· South
Korea
· Rest
of APAC
Rest of the World
•
Latin America
•
Middle East and Africa
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.
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