Strategic Forecast for the Herbage Industry: Market Outlook 2025-2034

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Herbage Market Size Growth Forecast: What to Expect by 2025?
The scale of the herbage market has significantly expanded in the past years. It is projected to rise from $9.34 billion in 2024 to $10.16 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.7%. The expansion witnessed during the historical period can be linked to historical consumer consciousness, alterations in cultural and dietary patterns, past medicinal usage, historical agricultural methods, along with prior research and development.

How Will the Herbage Market Size Evolve and Grow by 2029?
The market size of herbage is predicted to experience substantial expansion in the coming years. It is projected to reach a value of "$13.82 billion in 2029 with a compound annual growth rate (CAGR) of 8.0%. Factors contributing to the predicted growth during this forecast period include legislative changes, heightened demand for herbal supplements, extensive research and development, altering consumer tastes, and the world's economic prospect. Key trends to watch in this forecast timeframe involve product creativity, cultural and culinary transformations, pioneering product proposals, and an emphasis on environmental sustainability.

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What Drivers Are Propelling the Growth of Herbage Market Forward?
Anticipations of expansion in the dairy sector are set to spur the evolution of the herbage market. The term "dairy industry" encompasses all aspects of milk product creation and processing in dairy plants and farms. Herbage plays a crucial role in these industries by supplying fodder for animals, thereby maximizing milk output. As an example, data from the UK's Department for Environment, Food & Rural Affairs reveals that in August 2024, UK dairies processed an impressive 1,143 million liters of milk. Consequently, the positive trajectory of the dairy sector is projected to stimulate the herbage market's development.

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Which Emerging Trends Are Transforming the Herbage Market in 2025?
Product innovation is a rising trend in the herbage market. In July 2022, Belgium-based Fyteko and France-based Cerience launched NURSEED HC, a hydroxycinnamic oligomer seed treatment that helps stressed forage seedlings emerge and boosts yield potential.

What Are the Key Segments in the Herbage Market?
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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Who Are the Key Players Shaping the Herbage Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth in the Herbage Market?
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

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