Press release
Herbage Market: Exciting Growth Opportunities with a CAGR of 8.7%
Herbage Market Share
Market size shows positive trajectory, driven by consumer awareness and the growing dairy industry alongside product innovation and other trends shaping the market landscape.
What Is The Projected Market Size Of The Global Herbage Market And Its Growth Rate?
• The herbage market size has demonstrated strong growth in recent years, expanding from $9.34 billion in 2024 to $10.16 billion in 2025 with a compound annual growth rate (CAGR) of 8.7%.
• The anticipated growth in the next few years shows a promising outlook with the market size expected to touch $13.82 billion in 2029 with a CAGR of 8.0%.
What Is Driving The Growth In The Herbage Market?
The surge of the herbage market can be traced back to the expansion in the dairy industry. Herbage plays a critical role in the dairy industry as it provides grazing materials for livestock to boost milk production. Notably, the UK's Department for Environment, Food & Rural Affairs reported that UK dairies processed 1,143 million litres of milk in August 2024, bringing to the fore the correlation between the burgeoning dairy industry and the herbage sector.
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Who Are The Key Players Driving Herbage Market Growth?
• 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
• Chr. Hansen Holding 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.
• S&W Seed Company
• Syngenta AG
• The Scoular Company
• Tyson Foods Inc.
• Wilbur-Ellis Company
• Yara International ASA
• Zen-Noh Grain Corporation
What Are The Key Trends In The Herbage Market?
• Product Innovation
• Cultural Shifts and Culinary Trends
• Innovative Product Offerings
• Focus on Environmental Sustainability
What Are The Segments Of The Global Herbage Market?
• Ingredient: Protein Meals And Cakes, Cereals And Grains, Brans, Additives, Agro-Industrial By-Products
• Application: Beef Organic Ruminant, Dairy Organic Ruminant, Calves, Other Applications
• End User: Feed, Fodder, Agro-Based, Other End Users
Which Region Leads The Herbage Market?
The Asia-Pacific region was the largest player in the herbage market in 2024, and it is anticipated to maintain the lead. Other regions that have a significant impact on the herbage market include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Herbage Market Global Market Report?
- Market Size Analysis: Analyze the Herbage Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Herbage Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Herbage Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Herbage Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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