Herbage Market Size to Record a Substantially CAGR 7.40% Over Forecast Period| Key Players:Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark)

Market Definition

Herbage is the succulent stems and leaves of the herbaceous plants. They are the fleshy and often edible parts of the plants. They consist of medicinal properties and are one of the best nutrition for the grazing animals such as cattle, sheep, cows and others. They are generally cultivated for the purpose of pasturage on which the animals graze.

Data Bridge Market Research analyses that herbage market was valued at USD 7.84 billion in 2021 and is expected to reach the value of USD 13.88 billion by 2029, at a CAGR of 7.40% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Herbage Market Analysis and Size

Agriculture and ranching are gradually converting to bio-based, all-natural, and more effective methods to deliver the finest animal care and performance levels. As a result, food and nutrition innovation is advancing more quickly than ever.

Global Herbage Market Dynamics

Drivers

The health benefits associated with herbage

The herbage not only improves performance and meets ruminant's' daily needs, but it also protects them from muscular disorders such as laminitis and azoturia. Even without a gallbladder, ruminants require dietary fats to perform well. Ruminants can digest dietary fats, which have nutritional benefits such as increased vitamin absorption, omega-6 and omega-3 fatty acids, and so on. The growing demand for comprehensive organic nutrition is driving the demand for herbage market.

Growing dairy industry and high demand for animal based products

The organic feed industry is rapidly expanding as milk producers begin to replace traditional conventional feed with more nutritionally balanced organic feed, realising the tangible benefits of nutritional feed in terms of yield improvement. Furthermore, population growth and rising living standards, the livestock industry has been forced to adapt and expand in order to meet society's expectations by providing nutritious animal feed to livestock animals. As a result, this factor benefits the growth of the herbage market.

Opportunity

The increased emphasis on precision nutrition may provide an opportunity to accelerate market growth. Herbage market growth may be boosted by investments and funds made by government authorities and organisations in the agriculture sector.

Some of the major players operating in herbage market are:
Cargill, Incorporated (U.S)
Dow (U.S.)
BASF SE (Germany)
Chr. Hansen Holding A/S (Denmark)
DSM (Netherlands)
DuPont (U.S.)
Evonik Industries AG (Germany)
NOVUS INTERNATIONAL (U.S.)
Alltech (U.S.)
Associated British Foods plc (U.K.)
Charoen Pokphand Foods PCL (Thailand)
Nutreco (Netherlands)
ForFarmers. (Netherlands)
De Heus Animal Nutrition (Netherlands)
Land O'Lakes (U.S.)
Kent Nutrition Group (U.S.)
J. D. HEISKELL & CO. (U.S.)
Perdue Farms (U.S.)
SunOpta (Canada)
Scratch Peck Feeds (U.S.)
De Heus Animal Nutrition (Netherlands)
MEGAMIX (Russia)
Agrofeed (Hungary)

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COVID-19 Impact Herbage Market

Most countries have imposed lockdown or transportation restrictions, which have a negative impact on production due to lower labour footfall. Furthermore, the lockdown caused by consumer panic-buying has increased pet food sales and production. However, this pattern is not expected to continue after the lockdown, and it will impact manufacturing, retail, and other industries. In these times of crisis, feed producers and suppliers are doing everything possible to ensure that feed is available to all processing animals while adhering to protocols to protect their employees from COVID-19 and maintain productivity.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

In November 2021, ADM will open its new animal nutrition laboratory in Rolle, Switzerlan. In the heart of the Swiss Food & Nutrition Valley. The new lab will aid in the development of science-based feed additives to meet the needs of pet food, aquaculture, and livestock species around the world.
In November 2021, De Heus Vietnam signed a strategic agreement with Masan, after which De Heus obtained complete control of MNS Feed's feed-related business. MNS Feed's feed business includes thirteen animal feed mills with a total production capacity of nearly 4 million tonnes, bolstering De Heus' position in Southeast Asia's largest animal feed market.
In October 2021, Royal DSM will open its new Analytical Center of Excellence in Tulln, Lower Austria. The facilities will be used to conduct nutritional analyses, which will serve as the foundation for farmers to drastically improve livestock nutrition, health, and sustainability.
Global Herbage Market Scope

Herbage market is segmented on the basis of type, additive, form, and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Ingredients
Protein Meals/Cakes
Rapeseed meal
Soybean meal
Groundnut meal
Coconut meal
Linseed cake
Maize germ oil cake
Palm kernel meal
Sunflower meal
Cereals and Grains
Maize
Sorghum
Wheat
Rice
Oats
Barley
Others
Brans
Wheat bran
Rice bran
Maize bran
Others
Additives
Agro-Industrial By-Products
Molasses
Mango kernel powder
Tapioca waste
Others
Others

Additives
Vitamins
Trace Minerals
Calcite powder
Common salt
Di-calcium phosphate
Others
Amino Acids
Feed Antibiotics
Feed Acidifiers
Feed Enzymes
Antioxidants
Binders
Antimicrobials
Other Additives

Application
Beef Organic ruminant
Feeding operations
Backgrounding
Feedlot
Gender
Beef cows and heifers
Steers
Dairy Organic ruminant
Heifers
Dairy cow
Calves
Calf
Weaners
Others

End user
Feed
Fodder
Agro-based
Others

Herbage Market Regional Analysis/Insights

Herbage market is analysed and market size insights and trends are provided by country, ingredient type, additives, application, end-user, and animal type as referenced above.

The countries covered in the herbage Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific is widely recognized as the dominant region in terms of herbage market share. Dairy products have gained traction in Asian countries as a result of increased demand from vegan consumers. Some key macroeconomic factors, such as an increase in social media usage and an increase in per-capita income, also contribute significantly to the overall growth of the herbage market.

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