Press release
Forage Market to Surpass US$ 114.5 Billion by 2028 | Globally, Growth Rate (CAGR) 4.73%
Forage Market
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Forage refers to an edible part of plants that are consumed by animals or livestock animals as food. It is a rich source of protein, vitamins, and fibers and assists in improving the metabolic activities of animals, such as swine and ruminants. It also aids in enhancing eggshell formation, hormonal balance, and milk production in animals. Besides this, it prevents soil erosion, decreases weed development, reduces greenhouse gas impact, and assists in keeping sediments out of waterways.
Forage Market Trends and Drivers:
At present, the rising awareness among individuals about the health benefits of consuming animal products, such as milk and meat, represents one of the key factors strengthening the market growth.
Moreover, the growing demand for high-quality forage due to the rising prevalence of chronic illness among livestock is offering a positive market outlook. In addition, the increasing adoption of natural and organic forage as it offers more nutrients to the animals is bolstering the growth of the market.
Apart from this, the rising popularity of forage crops as a vegetative measure for identifying soil erosion is offering lucrative growth opportunities to industry players. Furthermore, governing agencies of several countries are encouraging the practice of forage farming in less fertile agricultural land areas, which is supporting the growth of the market.
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Global Forage Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, crop type, product type and animal type.
Breakup by Crop Type:
• Cereals
• Legumes
• Grasses
Breakup by Product Type:
• Stored Forage
o Silage
o 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
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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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