Market Overview:
The global forage market reached a value of US$ 81.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 109.29 Billion by 2027, exhibiting a CAGR of 4.88% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on crop type, product type and animal type.
Breakup by Crop Type:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Breakup by Product Type:
- Stored Forage
- Fresh Forage
Breakup by Animal Type:
- Ruminants
- Swine
- Poultry
- Others
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Crop Type, Product Type, Animal Type, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
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. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global forage market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global forage market?
- What are the key regional markets?
- What is the breakup of the market based on the crop type?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the animal type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global forage market and who are the key players?
- What is the degree of competition in the industry?
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
9.2 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
9.3 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
9.4 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
9.5 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
List of Figures
Figure 1: Global: Forage Market: Major Drivers and Challenges
Figure 2: Global: Forage Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Forage Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Forage Market: Breakup by Crop Type (in %), 2021
Figure 5: Global: Forage Market: Breakup by Product Type (in %), 2021
Figure 6: Global: Forage Market: Breakup by Animal Type (in %), 2021
Figure 7: Global: Forage Market: Breakup by Region (in %), 2021
Figure 8: Global: Forage (Cereals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Forage (Cereals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Forage (Legumes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Forage (Legumes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Forage (Grasses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Forage (Grasses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Forage (Stored Forage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Forage (Stored Forage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Forage (Fresh Forage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Forage (Fresh Forage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Forage (Ruminants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Forage (Ruminants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Forage (Swine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Forage (Swine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Forage (Poultry) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Forage (Poultry) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Forage (Other Animal Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Forage (Other Animal Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: United States: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: United States: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Canada: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Canada: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Asia-Pacific: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Asia-Pacific: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: China: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: China: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Japan: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Japan: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: India: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: India: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: South Korea: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: South Korea: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Australia: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Australia: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Indonesia: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Indonesia: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Others: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Others: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Europe: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Europe: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Germany: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Germany: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: France: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: France: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: United Kingdom: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: United Kingdom: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Italy: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Italy: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Spain: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Spain: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Russia: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Russia: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Others: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Others: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Latin America: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Latin America: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Brazil: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Brazil: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Mexico: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Mexico: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Middle East and Africa: Forage Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Middle East and Africa: Forage Market: Breakup by Country (in %), 2021
Figure 74: Middle East and Africa: Forage Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Forage Market Forecast: Breakup by Crop Type (in Million US$), 2022-2027
Table 3: Global: Forage Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 4: Global: Forage Market Forecast: Breakup by Animal Type (in Million US$), 2022-2027
Table 5: Global: Forage Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Forage Market: Competitive Structure
Table 7: Global: Forage Market: Key Players