Forages Market Is Expected To Reach the Value Of USD 988.16 Million By 2029

PRESS RELEASE
Published July 21, 2023

Global Forages Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2029. The market growth is supported by various growth factors and major market determinants. The market research report includes the analysis of the market based on geographical segmentation and market segmentation. The Global Forages Market report is a valuable source of insightful statistics for business strategists. This Report offers an industry overview with historic and future cost and growth analysis, revenue, demand, and supply data. Our analyst offers a comprehensive overview of the value chain and analysis of your distributor. This market study provides comprehensive data that enhances the understanding, scope, and application of this report.

Data Bridge Market Research analyses that the global forages market was valued at USD 634.20 million in 2021 and is expected to reach the value of USD 988.16 million by 2029, at a CAGR of 5.70% during the forecast period of 2022-2029.

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Top Key Players in the Global Forages Market: Forage Genetics International, LLC (U.S.), DLF Pickseed (U.S.), Cargill, Incorporated. (U.S.), Standlee Premium Products, LLC (U.S.), Barenbrug USA (U.S.), BRETTYOUNG (U.S.), King’s Agriseeds (U.S.), PGG Wrightson (New Zealand), Corteva (U.S.), Land O’Lakes, Inc. (U.S.), Rivard’s Turf & Forage (U.S.) and Other.

Global Forages Market Segmentation:

Type

  • Store Forage
  • Fresh Forage

Crop Type

  • Cereals
  • Legumes
  • Grasses

Products

  • Ration
  • Hay
  • Silage
  • Others

Animal Type

  • Ruminants
  • Swine
  • Poultry
  • Others

Application

  • Dairy
  • Crops
  • Others

Regional Insights:

North America dominates the forages market due to the increased technological advancements in farming within the region.

Asia-Pacific, is expected to show profitable growth during the forecast period of 2022 to 2029 due to the increased adoption of lipase enzymes, increased demands of natural and organic forages, end consumer demands for higher quality livestock feed.

-North America (U.S., Canada)

-Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

-Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

-South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)

-Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

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Drivers

  • Changing Consumer Preferences

The primary factors ensuring the global forages market’s steady growth are widespread modernizationm and the prevalence of chronic illnesses in the livestock and hence, the changing consumer’s preferences along with the rise in the demnds of high quality antural and organic forage is on the rise across the globe. As a result, consumers are becoming more aware regarding the benefits provided by the forages and hence, the market is projected to show a signifificant growth over the forecasted period.

  • Investments in the R&D Sector

The rising investments in the R&D sector is also a major driving factor for the market. Besides this, the mandatory analysis of quality and safety of high quality forages is also driving the growth of the market and, is another important factor acting as a forages market growth determinant.

Important Sections from the Table of Contents:

  • Global Forages Market Overview
  • Economic Impact on Industry
  • Market Competition by Manufacturers
  • Production, Revenue (Value) by Region
  • Supply (Production), Consumption, Export, Import by Regions
  • Production, Revenue (Value), Price Trend by Type
  • Market Analysis by Application
  • Manufacturing Cost Analysis
  • Industrial Chain, Sourcing Strategy and Downstream Buyers
  • Marketing Strategy Analysis, Distributors/Traders
  • Market Effect Factors Analysis
  • Global Forages Market Forecast

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