Comprehensive Herbage Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034

Which drivers are expected to have the greatest impact on the over the herbage market's growth?
The anticipated expansion of the dairy industry is set to fuel the progression of the herbage market. The term 'dairy industry' relates to the creation and processing of all dairy products, either taking place on dairy farms or at dairy plants. Herbage is employed within these industries as a source of food for grazing animals, which boosts milk production. To illustrate this, data from the UK's Department for Environment, Food & Rural Affairs, a governmental body, disclosed in October 2024 that UK dairy facilities processed 1,143 million litres of milk during August of the same year. Consequently, the expanding dairy industry is expected to catalyze the growth of the herbage sector.

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What is the future CAGR of the herbage market, and how will it impact industry expansion?
In the previous years, the herbage market has expanded significantly and is expected to escalate from $9.34 billion in 2024 to $10.16 billion in 2025 at an 8.7% compound annual growth rate (CAGR). This remarkable growth during the historic period can be connected to factors such as increased consumer awareness, shifts in cultural and dietary habits, traditional utilization of it in medicine, historic farming methods, and ongoing research and development.

The market size for herbage is predicted to experience significant expansion in the upcoming years, reaching a value of "$13.82 billion in 2029 with a compound annual growth rate (CAGR) of 8.0%. This anticipated growth during the forecast period can be credited to regulatory changes, an upsurge in the requirement for herbal supplements, extended research and development, evolving consumer choices, and the worldwide economic perspective. The primary trends foreseen to shape the forecast period involve product innovation, cultural transformations and culinary trends, novel product provision, and emphasis on environmental sustainability.

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What are the most significant trends transforming the herbage market today?
The herbage market is seeing a rise in the trend of product innovation. To maintain their market standing, major companies in the herbage sector are focusing on developing creative and novel products. An example of this occurred in July 2022, when two companies - Fyteko, an agricultural technology company from Belgium and Cerience, an agronomist seed producer from France introduced NURSEED HC to the market. NURSEED HC is a hydroxycinnamic oligomer found in plant cell walls and when applied to forage seeds, acts as an innovative treatment that assists in the emergence of stress-tolerant seedlings and can enhance crop yield.

Which key market segments comprise the herbage market and drive its revenue growth?
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

Subsegments:
1) By Protein Meals And Cakes: Soybean Meal, Sunflower Seed Meal, Canola Meal, Cottonseed Meal
2) By Cereals And Grains: Corn, Barley, Wheat, Oats
3) By Brans: Wheat Bran, Rice Bran, Corn Bran, Barley Bran
4) By Additives: Vitamins, Minerals, Enzymes, Probiotics
5) By Agro-Industrial By-Products: Molasses, Distillers Grains, Brewery By-Products, Sugarcane Bagasse

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What regions are at the forefront of herbage market expansion?
Asia-Pacific was the largest region in the herbage market in 2024. The regions covered in the herbage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the leading players fueling growth in the herbage market?
Major companies operating in the herbage market include 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

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What Is Covered In The Herbage Global Market Report?

• Market Size Forecast: Examine the herbage market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the herbage market for a structured understanding.
• Key Players Overview: Analyze major players in the herbage market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the herbage market.
• Segment Contributions: Evaluate how different segments drive overall growth in the herbage market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the herbage market.
• Industry Challenges: Identify potential risks and obstacles affecting the herbage market.
• Competitive Landscape: Review strategic developments in the herbage market, including expansions, agreements, and new product launches.

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