Herbage Global Market Report 2024 - By Share, Size, Growth, Demand, Outlook By 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2377

The Business Research Company offers in-depth market insights through Herbage Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The herbage market size has grown strongly in recent years. It will grow from $8.58 billion in 2023 to $9.34 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to historical consumer awareness, cultural and dietary shifts, historical medicinal use, historical agricultural practices, historical research and development..

The herbage market size is expected to see strong growth in the next few years. It will grow to $12.7 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to regulatory developments, growing herbal supplements demand, expanding research and development, shifting consumer preferences, global economic outlook.. Major trends in the forecast period include product innovation, cultural shifts and culinary trends, innovative product offerings, environmental sustainability focus..

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Market Segmentation:
The herbage market covered in this report is segmented -
1) By Ingredient: Protein Meals And Cakes, Cereals And Grains, Brans, Additives, Agro-Industrial By-Products
2) By Application: Beef Organic Ruminant, Dairy Organic Ruminant, Calves, Other Applications
3) By End User: Feed, Fodder, Agro-Based, Other End Users

Major Driver - Herbage Market Growth Driven By The Booming Dairy Industry
The growing dairy industry is expected to propel the growth of the herbage market going forward. The dairy industry refers to the production and processing of all milk products at dairy plants or dairy farms. In dairy industries, herbage is used to provide materials for grazing animals for higher milks productions. For instance, according to the Food and Agriculture Organization, an Italy-based specialized agency of the United Nations, global milk production reached approximately 928 million metric tons in 2021, which is a 1.3% increase compared to milk production in 2020. Therefore, the growing dairy industry will drive the herbage industry.

Competitive Landscape:
Major companies operating in the herbage market report are Cargill Incorporated, Kreamer Feeds Inc., Scratch and Peck Feeds, Country Heritage Feeds, ForFarmers, Green Mountain Feeds, Feedex Companies, SunOpta, Ranch-Way Feeds, MEGAMIX LLC, Aus Organic Feeds, Purina Animal Nutrition LLC, Koninklijke DSM N.V., Evonik Industries AG, Alltech, Archer Daniels Midland Company, Badische Anilin- und Sodafabrik, Chr. Hansen Holding A/S, Danisco A/S, DuPont de Nemours Inc., Elanco Animal Health Incorporated, Evialis, Kemin Industries Inc., Novozymes A/S, Nutreco N.V., Provimi Holding B.V., Royal DSM N.V., Trouw Nutrition International B.V., Zoetis Inc., Land O'Lakes Inc., Monsanto Company, S&W Seed Company, Syngenta AG, The Mosaic Company, The Scoular Company, Tyson Foods Inc., Wilbur-Ellis Company, Yara International ASA, Zen-Noh Grain Corporation

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Top Trend - Revolutionizing The Herbage Market Through Product Innovation
Product innovation is a key trend gaining popularity in the herbage market. Major companies operating in the herbage market are developing innovative products to sustain their position in the herbage market. For instance, in July 2022, Fyteko, a Belgium-based agricultural technology company, and Cerience, a France-based agronomist seed producer, launched NURSEED HC, a hydroxycinnamic oligomer, found in plant cell walls applied to forage seeds. The innovative seed treatment can help with the emergence of stressed seedlings and can also provide a good yield.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Herbage Market Characteristics
3. Herbage Market Trends And Strategies
4. Herbage Market - Macro Economic Scenario
5. Herbage Market Size And Growth
…..
27. Herbage Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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