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. More Info:- https://www.imarcgroup.com/forage-market

1. Global Forage Market
Research and Forecast
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved

2. About IMARC Group
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results.

3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Forage Market: Global
Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-
2032," the global forage market size reached US$ 90.0 Billion in 2023.
Forage refers to plant material (mainly plant leaves and stems) consumed by
grazing livestock. Traditionally, it includes hay, straw, silage, compressed and
pelleted feeds, oats, barley, and maize, amongst others. Forages are an
essential part of an animal's diet, providing necessary nutrients and energy for
growth, production, and overall health.
They are primarily consumed by ruminants such as cows, goats, and sheep,
which have a unique digestive system that allows them to extract nutrients
from plants effectively. The quality of forage can significantly impact the health
and productivity of these animals, influencing the quality of the meat, milk, or
wool they produce. Therefore, the cultivation, management, and consumption
of forage are critical aspects of livestock farming. Forages also have a
beneficial role in soil health, biodiversity, and carbon sequestration, linking the
livestock industry with environmental sustainability.
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4. Report Description
Global Forage Market Trends:
The global market is majorly driven by the escalating demand for animal-based products such as meat, dairy, and
wool, due to rising population and changing dietary habits. In line with this, the increasing awareness of the
nutritional benefits of high-quality forages for livestock health and product quality is propelling the market growth.
Moreover, an enhanced focus on the sustainability aspect of forage farming and its role in improving soil health,
sequestering carbon, and supporting biodiversity, is creating a positive market outlook. Also, the rising concerns
over climate change and the global demand for sustainable food systems is resulting in a higher uptake of forage.
The market is further fueled by the integration of modern technology, such as precision farming, drones, and
smart irrigation systems, which are enhancing the efficiency and productivity of forage farming. Furthermore,
continual advancements in forage seed breeding and agronomic practices facilitating better quality and higher-
yielding forage crops are stimulating the market. Some of the other factors contributing to the market include
growing demand for organic livestock products, inflating disposable income levels and extensive research and
development (R&D) activities.
Looking forward, the market is anticipated to reach a value of US$ 131.0 Billion by 2032, exhibiting a CAGR
of 4.2% during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/forage-market

5. Report
Segmentation
Breakup by Crop Type:
• Cereals
• Legumes
• Grasses
Breakup by Product Type:
• Stored Forage
o Silage
o Hay
• Fresh Forage
Breakup by Animal Type:
• Ruminants
• Swine

6. Report
Segmentation
• Poultry
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

7. Competitive
Landscape with
Key Players
• 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
• Standlee Premium Products LLC.

8. Key Questions
Answered in
the Report
What was the size of the global forage market in 2023?
What is the expected growth rate of the global forage market during
2024-2032?
What are the key factors driving the global forage market?
What has been the impact of COVID-19 on the global forage
market?
What is the breakup of the global forage market based on the crop
type?
What is the breakup of the global forage market based on the
product type?
What is the breakup of the global forage market based on the
animal type?
What are the key regions in the global forage market?
Who are the key players/companies in the global forage market?

9. Table of
Contents
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 Mark et Forecast
6.2 Legumes
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Grasses
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
7 Market Breakup by Product Type

10. Table of
Contents
7.1 Stored Forage
7.1.1 Mark et 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 Mark et Trends
7.2.2 Mark et Forecast
8 Market Breakup by Animal Type
8.1 Ruminants
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 Swine
8.2.1 Market Trends
8.2.2 Mark et Forecast
8.3 Poultry
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
8.4 Others
8.4.1 Mark et Trends
8.4.2 Mark et Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Mark et Trends
9.1.1.2 Mark et Forecast
9.1.2 Canada
9.1.2.1 Mark et Trends
9.1.2.2 Mark et Forecast
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11. Disclaimer
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opinion have been based on information and sources believed to be accurate and reliable at
the time of publishing. International Market Analysis Research and Consulting makes no
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