Global Forage Feed Market 2017-2021

Overview of the global forage feed market

Non-toxic fungi are used to improve the fibrous feeds like straw and low-quality roughages. Antibiotics, microbes, and specific substrates such as oligosaccharides are some of the feed additives used to modify the fermentation of rumen. These additives can enhance the production of propionic acid and reduce the degradation of methanogenesis and protein. Additionally, they can also improve the synthesis of microbial protein and inhibit the growth of protozoan. This will consequently improve the quality of feed. In addition to improving the foraged food, turf, and bioenergy crops, the adoption of transgenic technology also helps in the introduction of novel genetic variations into plant breeding programs. Technavio’s market research analysis has identified the introduction of improved feedstock as one of the primary growth drivers for the global forage feed market till 2021. Our market research analysts have predicted that this market will grow at a CAGR of more than 11% by 2021.

According to our research analysts, increasing popularity of organic meats will be one of the key trends that will gain traction in the forage feed market during the estimated period. Consumers are ready to pay a premium price for natural and organic meats. This in turn, will result in an increased demand for certified organic fodders and forage. Since the organic feed is more nutritious and healthy when compared to the regular forage feed for cattle, there will be a considerable increase in the demand for the same in the coming years.

Competitive landscape and key vendors

The forage feed market is highly competitive and is characterized by the presence of a large number of global and regional players. These vendors are increasingly competing against each other based on factors such as technology, core competencies, price, quality, and cost. Though the large-scale vendors have numerous production facilities and a vast geographical presence, the small regional vendors in the forage crops market also account for a considerable market share.

Key vendors in this market are -

• ADM Animal Nutrition
• BASF
• Cargill
• NWF Group

Other prominent vendors in the market include BAILEYS HORSE FEEDS, BRETTYOUNG, Chaffhaye, J Grennan & Sons, SEMICAN INTERNATIONAL, Standlee Hay, The Pure Feed Company, and Triple Crown Nutrition.

Segmentation by livestock and analysis of the forage feed market

• Cattle
• Poultry
• Pork or swine

Cattles are raised as draft animals such as oxen and bullocks for pulling carts, plows, and other implements. They are also raised as dairy animals for milk, butter, and other dairy products and livestock for meat. Cattle dung is used as manure or fuel. They are raised mostly on forage diet to increase the energy density of the diet. The forage feed market will witness growth in the cattle livestock segment because cattle is fed small proportions of hay with grain, soy, and other ingredients as supplements.

Segmentation by geography and analysis of the forage feed market

• APAC
• Europe
• North America
• ROW

The rising demand for dairy and animal products and the availability of subsidies from the governments is driving the growth prospects of the forage feed market in APAC. The forage crops market will witness considerable growth in this region throughout the projected period due to the steady increase in population, the shrinkage of land for grazing animals, the shifting consumer preference toward organic food and feed products, and the rising demand for dairy and animal products.

Key questions answered in the report include

• What will the market size and the growth rate be of the global forage feed market in 2021?
• What are the key factors driving the global forage feed market?
• What are the key market trends impacting the growth of the global forage feed market?
• What are the challenges to market growth of the global forage feed market?
• Who are the key vendors in the global forage feed market?
• What are the market opportunities and threats faced by the vendors in the global forage feed market?
• What are the trending factors influencing the market shares of the global forage feed market in APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global forage feed market?