Market Size 2023 (Base Year) | USD 289.32 Billion |
Market Size 2032 (Forecast Year) | USD 384.15 Billion |
CAGR | 3.2% |
Forecast Period | 2024 - 2032 |
Historical Period | 2018 - 2023 |
According to Market Research Store, the global foraging for feed market size was valued at around USD 289.32 billion in 2023 and is estimated to reach USD 384.15 billion by 2032, to register a CAGR of approximately 3.20% in terms of revenue during the forecast period 2024-2032.
The foraging for feed report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, and other crucial information regarding the target market. It also covers the drivers, restraints, opportunities, and challenges till 2032.
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Global Foraging for Feed Market: Overview
Foraging for feed refers to the practice of animals, typically livestock, searching for and consuming natural food sources such as grass, leaves, seeds, or other vegetation. This behavior is most commonly associated with herbivorous animals like cattle, sheep, and goats, but can also apply to other animals, such as poultry, when they are allowed to roam freely and forage for their food. In the context of agriculture and livestock management, foraging for feed has been traditionally practiced as a low-cost and natural method for sustaining animals. It reduces the reliance on processed feed, which can be expensive and less environmentally sustainable.
Key Highlights
Foraging for Feed Market: Dynamics
Key Growth Drivers
Restraints
Opportunities
Challenges
Report Attributes | Report Details |
---|---|
Report Name | Foraging for Feed Market |
Market Size in 2023 | USD 289.32 Billion |
Market Forecast in 2032 | USD 384.15 Billion |
Growth Rate | CAGR of 3.2% |
Number of Pages | 140 |
Key Companies Covered | ADM, Standlee Premium Products, LLC, Riverina, BASF SE, Al Dahra ACX Global Inc., JOHNSTON SEED COMPANY, Lucerne Farms, Tripple Crown Nutrition, Wilbur Ellis Holdings Inc |
Segments Covered | By Product Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2023 |
Forecast Year | 2024 to 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Foraging for Feed Market: Segmentation Insights
The global foraging for feed market is divided by type, application, and region.
Segmentation Insights by Type
Based on type, the global foraging for feed market is divided into stored forage and fresh forage.
In the foraging for feed market, the most dominating segment is Stored Forage, followed by Fresh Forage. Stored forage is more commonly utilized due to its year-round availability and the convenience it offers for animal feed. This segment includes dried, fermented, or preserved forage such as hay, silage, and haylage, which can be stored for long periods without losing their nutritional value. Stored forage is essential for livestock farming, particularly in regions with harsh climates or seasonal fluctuations in fresh pasture availability. Its extended shelf life and ease of transportation make it a preferred choice for large-scale animal operations, especially in dairy and beef cattle farming, where consistent feed supply is crucial.
On the other hand, Fresh Forage consists of grasses, legumes, and other plants that are fed directly to animals without processing. While fresh forage is highly nutritious, providing animals with immediate access to fresh nutrients, it is less dominating in the market compared to stored forage due to its seasonal nature and the logistics of managing fresh crops. Fresh forage is typically more suitable for small-scale farms or regions with favorable climatic conditions that allow for year-round grazing. However, the need for daily harvesting and the perishability of fresh forage makes it less practical for large-scale operations were stored forage provides more reliability.
Segmentation Insights by Application
On the basis of application, the global foraging for feed market is bifurcated into cattle and poultry.
Cattle takes the lead due to their high forage intake needs. As ruminants, cattle require significant amounts of fiber, which is primarily provided by forage like hay, silage, and pasture grasses. These feed types are essential for cattle digestion and overall health, particularly in dairy and beef farming. The demand for forage in cattle farming is strong because it supports milk production, weight gain, and overall livestock health, making cattle the largest market segment for forage feed.
The Poultry segment ranks second, though it is less dependent on forage compared to cattle. For poultry, forage typically plays a supplementary role, often in free-range or organic poultry farming. While grains and protein-rich feeds are the primary components of poultry diets, some poultry farmers use fresh or stored forage to enhance nutrition, particularly for fiber and certain micronutrients. However, poultry's relatively smaller reliance on forage compared to cattle places it in the second position in terms of market dominance.
The Pork or Swine segment follows, with a more limited but growing demand for forage. Swine are omnivores, and their diet consists primarily of grains, proteins, and other supplements. While forage does not constitute a large portion of their diet, certain types of forage, especially silage, may be used in some swine operations for cost-efficiency or as a supplementary feed. The market for forage in the pork or swine sector is smaller compared to cattle and poultry but is rising as farmers explore more sustainable and cost-effective feed options.
Foraging for Feed Market: Regional Insights
North America leads the global forage feed market, driven by its well-established agricultural infrastructure and substantial livestock sector. The region's favorable climatic conditions and extensive arable land support the cultivation of various forage crops, including alfalfa and corn silage. This abundance of high-quality forage contributes to the region's dominance in the market.
Europe follows closely, with countries like Germany, France, and the United Kingdom playing significant roles in the forage feed industry. The region's strong dairy and meat production sectors drive the demand for nutritious forage feeds. Additionally, Europe's emphasis on sustainable farming practices and environmental stewardship influences the types of forage crops cultivated and the methods of feed production.
Asia Pacific is experiencing rapid growth in the forage feed market, particularly in nations such as China and India. The increasing demand for dairy and meat products, coupled with a rising livestock population, propels the need for efficient and high-quality forage feeds. Government initiatives and subsidies further support the expansion of the forage feed industry in this region.
South America, with Brazil and Argentina at the forefront, exhibits a growing forage feed market. The region's vast agricultural landscapes and significant cattle ranching activities contribute to the demand for forage feeds. Economic growth and a rising middle class are also factors that drive the consumption of meat and dairy products, thereby increasing the need for quality forage feeds.
The Middle East and Africa region shows a more modest presence in the global forage feed market. While countries like South Africa and Egypt engage in livestock farming, the market is smaller compared to other regions. Challenges such as arid climates and limited arable land affect the production and availability of forage crops, influencing the overall market dynamics in this area.
Foraging for Feed Market: Competitive Landscape
The report provides an in-depth analysis of companies operating in the foraging for feed market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.
Some of the major players in the global foraging for feed market include:
The global foraging for feed market is segmented as follows:
By Type
By Application
By Region
Based on statistics from the Market Research Store, the global foraging for feed market size was projected at approximately US$ 289.32 billion in 2023. Projections indicate that the market is expected to reach around US$ 384.15 billion in revenue by 2032.
The global foraging for feed market is expected to grow at a Compound Annual Growth Rate (CAGR) of around 3.20% during the forecast period from 2024 to 2032.
North America is expected to dominate the global foraging for feed market.
The significant factors driving the global foraging for feed market include the increasing demand for animal-based products like dairy and meat, the need for cost-effective and sustainable feed solutions, and the growing focus on livestock health and nutrition.
Some of the prominent players operating in the global foraging for feed market are; ADM Animal Nutrition, BASF, Cargill, NWF Group, Allied Seed LLC, Barenbrug USA, BrettYoung, 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, and others.
Foraging for Feed
Foraging for Feed
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