Herbage Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033 | MEGAMIX LLC, Aus Organic Feeds, ForFarmers, Green Mountain Feeds, Feedex Companies

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..

Market Overview -
Herbage refers to vegetation that is herbaceous in nature. Herbage is used to provide animals with food for grazing.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=10475&type=smp

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

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.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/herbage-global-market-report

Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.