Forage Market Report by Crop Type (Cereals, Legumes, Grasses), Product Type (Stored Forage, Fresh Forage), Animal Type (Ruminants, Swine, Poultry, and Others), and Region 2024-2032

Forage Market Report by Crop Type (Cereals, Legumes, Grasses), Product Type (Stored Forage, Fresh Forage), Animal Type (Ruminants, Swine, Poultry, and Others), and Region 2024-2032


The global forage market size reached US$ 90.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 131.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.

Forage is an edible part of the plants that are harvested for feeding livestock. It is an important component of agroecosystems and contributes significantly to world food production. It is rich in vitamins, fibers and proteins and enhances metabolic activities of animals. It helps in milk production, which is achieved by maintaining the rumen health of animals. It improves eggshell formation, fluid balance and hormone production among various poultry farm birds. Besides this, it also prevents soil erosion, aids in keeping sediment out of waterways, reduces weed development, purifies air and water, mitigates greenhouse gas impact and provides wildlife habitat.

Forage Market Trends:
At present, the increasing awareness among individuals about the health benefits of consuming animal products like milk and meat, along with the escalating demand for forage to obtain high-quality products from cattle, represents one of the key factors driving the market. Moreover, the reduction of land for grazing animals due to a lack of proper wildlife management is propelling the growth of the market around the world. In addition, with the rising focus on the health of livestock, farmers are increasingly preferring natural and organic forage as it provides adequate nutrition to animals. This, coupled with favorable laws implemented by governments of several countries worldwide, is positively influencing the market. Besides this, the expanding agricultural industry and improvements in fertilizers are offering lucrative growth opportunities to industry investors. Furthermore, key market players are extensively investing in research and development (R&D) activities to improve product quality. They are also focusing on product innovations, technological breakthroughs and effective allocation of resources, which is projected to strengthen their overall sales and profitability.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global forage market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on crop type, product type and animal type.

Breakup by Crop Type:

Cereals
Legumes
Grasses

Breakup by Product Type:

Stored Forage
Silage
Hay
Fresh Forage

Breakup by Animal Type:

Ruminants
Swine
Poultry
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allied Seed LLC, Barenbrug USA, BrettYoung, Cargill Incorporated, Corteva Inc., DLF Seeds A/S, Forage Genetics International LLC (Land O'Lakes Inc.), King's Agriseeds Inc., Rivard's Turf & Forage and Standlee Premium Products LLC.

Key Questions Answered in This Report

1. What was the size of the global forage market in 2023?
2. What is the expected growth rate of the global forage market during 2024-2032?
3. What are the key factors driving the global forage market?
4. What has been the impact of COVID-19 on the global forage market?
5. What is the breakup of the global forage market based on the crop type?
6. What is the breakup of the global forage market based on the product type?
7. What is the breakup of the global forage market based on the animal type?
8. What are the key regions in the global forage market?
9. Who are the key players/companies in the global forage market?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Forage Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Crop Type
6.1 Cereals
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Legumes
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Grasses
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Product Type
7.1 Stored Forage
7.1.1 Market Trends
7.1.2 Key Segments
7.1.2.1 Silage
7.1.2.2 Hay
7.1.3 Market Forecast
7.2 Fresh Forage
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Animal Type
8.1 Ruminants
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Swine
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Poultry
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Allied Seed LLC
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Barenbrug USA
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 BrettYoung
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Cargill Incorporated
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 SWOT Analysis
14.3.5 Corteva Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 DLF Seeds A/S
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Forage Genetics International LLC (Land O'Lakes Inc.)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 King's Agriseeds Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Rivard's Turf & Forage
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Standlee Premium Products LLC
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio

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