Forage Feed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Forage Feed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Forage feed market is growing at a CAGR of 8.1% during the forecast period (2020 - 2025). Forage feed provides nutrition to livestock such as horse, sheep, swine, cattle’s, poultry and others. It comprises of hay, silage, legumes, grass and extracts from harvested crops. Driven by urbanization, increasing wealth and population growth, the demand for fodder feeds in developing countries are growing rapidly. Livestock is one of the fastest growing sectors in agriculture, presenting potential opportunities in the global market.

Key Market TrendsRising Demand of Milk and Other Dairy Products

There has been an increasing demand for milk around the world and to meet the increasing demand for milk, cattle population is increasing which in turn driving the market for forage. Cattles provided with nutritional forage will boost milk production. Forages act as the base ingredient in dairy cattle which provide cattle fiber and roughage. The quality of forage helps in increasing animal production and health. Ruminants such as cows are fed with forages-silages- and hay with high feed value which enhances nutritional needs in the diet. In turn, the nutritional diet will enhance the quality of milk in ruminants, thus driving the forage feed market during the forecast period. Increasing consumption of milk in developing countries is one of the major drivers which will gear up the feed forage market during the forecast period.

Europe and North America – Largest Forage Feed market

Currently, Europe and North America are the largest forage seed markets, with 66% of the global share. Alfalfa is the largest traded seed among all the categories, and in the United States alone it accounts for 27% of the market value.

Developing countries, such as China and India, will see a significant rise, due to the rise in dairy and dairy products, increasing demand for livestock production, and meat consumption. Oregon, the United States' primary forage grass producing state, produces more grass and legume seed than the rest of the world. In Europe, the area under forage seed cultivation is constantly increasing due to a rise in demand. The commonly grown Canadian forage grasses, Timothy and bromegrass, are the most widely produced grass seeds on a global scale.

Competitive Landscape

In the forage seed market,companies are competing based on quality product and promotion strategies.Cut throat competion in pricing of product, strategic moves plays an important role to hold larger market share.Major acquisition and merger are taking place between companies to expand the forage seed business.

The renowed players in the market are Dupont, Monsanto, Advanta Seeds, Barenbug Holding, Imperial seeds, Land O' Lakes etc. Each of these players product type, segment, market trends, drivers, restraints and strategic moves are analyzed thoroughly during the forecast period.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

ADM Alliance Nutrition
Triple Crown Nutrition
Lucerne Farms
Semican
NWF Agriculture
Standlee Hay
The Pure Feed
Brett Young Seeds
Chaffhaye
Baileys Horse Feeds

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