Forage Market Report 2024 (Global Edition)

Global Forage Market Report 2024 Market Size Split by Type (Store Forage, Fresh Forage), by Application (Dairy, Crops, Others), by Crop Type (Cereals, Legumes, Grasses), by Products (Ration, Hay, Sila...

Forage Market Report Description

We have various report editions of Forage Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Forage Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Top Companies Market Share in Forage Industry: (In no particular order of Rank)

• PGG Wrightson Seeds
• DLF Pickseed (DLF)
• T.A. SEEDS
• BrettYoung
• King’s AgriSeeds
• BARENBRUG USA
• Forage Genetics International (FGI)
• Cargill
• Standlee Hay Company Inc
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Forage Market

Which Region will dominate the Forage Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The well-established presence of leading research institutions and companies propels consistent demand. Additionally, stringent regulatory standards drive the need for high-quality Forage, contributing to the region's market dominance. The emphasis on personalized medicine and cutting-edge drug development further fuels sales, solidifying North America's pivotal role in the Forage market.

Which Region is Expanding at the Fastest CAGR?

The Europe region is witnessing an increase in the sales of reagents. This surge is mainly driven by the region's expanding research capabilities, a growing population, and emphasis on advancements. The increasing investment in life sciences research in countries like China and India leads to demand for these reagents. Additionally, the thriving biopharmaceutical industry and the rising adoption of techniques are also contributing to the market's rapid growth in this region. As Asia-Pacific becomes a global hub for scientific innovation, the demand for Forage surges, fostering a dynamic market landscape.

The current report Scope analyzes Forage Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Forage Market

According to Cognitive Market Research, the global Forage market size was estimated at USD 89154.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 35661.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031. Sustainable agricultural methods and rising consumer demand for premium animal feed are driving growth in the North American forage market. The market for hay is one area that is expanding significantly due to its importance in livestock nutrition and its adaptability to a wide range of animal species. Hay producers in North America are adapting to the changing demands of the cattle business by emphasizing high-quality production and preservation methods. As stakeholders prioritize animal health, environmental sustainability, and efficient agriculture practices, the forage industry in North America is growing overall.

Country Analysis

• According to Cognitive Market Research, the US had a major share in the Forage market with a market size of USD 28137.07 million in 2024 and is projected to grow at a CAGR of 2.5% during the forecast period. The demand is amplified by the nation's growing interest in craft cocktails and mixology.
• The Canada Forage market had a market share of USD 4279.40 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. Canada's rising increasing demand for premium and artisanal beverages.
• The Mexico Forage market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 3245.21 million in 2024.

Europe Forage Market

According to Cognitive Market Research, with a market value of USD 89154.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 26746.26 million. The market for forage is growing in Europe as consumers' demands for sustainable farming methods and premium animal feed rise. Fresh forage production is one noteworthy industry that is expanding due to its suitability for feeding cattle and its nutritional advantages. Innovative farming techniques are being adopted by European farmers to develop fresh forms of fodder that satisfy the varied dietary needs of animals. The European fodder market, which emphasizes sustainability and quality, is well-positioned to grow further, meeting the changing demands of the livestock sector and encouraging environmental responsibility.

• The United Kingdom Forage market had a market share of USD 4493.37 million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. In the UK, Forage sales witness an upswing due to the nation's diverse culinary landscape and experimentation with flavor profiles.
• The France Forage market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD 2460.66 million in 2024.
• According to Cognitive Market Research, the Germany Forage market size was valued at USD 5295.76 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. In Germany, Forage sales surge due to the nation's rising consumer appreciation for unique and exotic liqueurs.
• The Italy Forage market is projected to witness growth at a CAGR of 2.4% during the forecast period with a market size of USD 2300.18 million in 2024.
• The Russia Forage market is projected to witness growth at a CAGR of 2.0% during the forecast period with a market size of USD 4145.67 million in 2024.
• The Spain Forage market is projected to witness growth at a CAGR of 2.1% during the forecast period with a market size of USD 2193.19million in 2024.
• The Luxembourg Forage market is projected to witness growth at a CAGR of 3.1% during the forecast period with a market size of USD 829.13 million in 2024.
• The Portugal Forage market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD 561.67 million in 2024.
• The Greece Forage market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 320.9 million in 2024.
• Rest of Europe Forage market is projected to witness growth at a CAGR of 1.7% during the forecast period with a market size of USD 4145.67 million in 2024.

 

Asia Pacific Forage Market

According to Cognitive Market Research, the global Forage market size was estimated at USD 89154.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 20505.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. Due to the implementation of new farming techniques and rising demand for animal products, the forage market in the Asia Pacific area is expanding steadily. The production of legume fodder is one industry that is noticeably growing due to its high nutritional content and adaptability to a wide range of livestock species. Farmers in the Asia Pacific region are increasingly incorporating bean forage into their feeding plans with the goal of enhancing animal health and productivity. All things considered, the Asia Pacific forage market is expected to grow further as players work to both meet the growing demand for premium animal feed and advance sustainable agriculture.

• According to Cognitive Market Research, the China Forage market size was valued at USD 9227.46 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Forage sales surge in China due to the Expanding middle class with higher disposable income.
• The Japan Forage market is projected to witness growth at a CAGR of 5.0% during the forecast period with a market size of USD 2829.75 million in 2024.
• The India Forage market had a market share of USD 2460.66 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. The demand is augmented by India's increasing exposure to international culinary trends.
• The South Korea Forage market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 2050.55 million in 2024.
• The Australia Forage market is projected to witness growth at a CAGR of 6.2% during the forecast period with a market size of USD 1066.28 million in 2024.
• The South East Asia Forage market is projected to witness growth at a CAGR of 7.5% during the forecast period with a market size of USD 1414.88 million in 2024.
• The Rest of Asia Pacific Forage market is projected to witness growth at a CAGR of 6.3% during the forecast period with a market size of USD 1455.89 million in 2024.

South America Forage Market

According to Cognitive Market Research, the global Forage market size was estimated at USD 89154.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 4458.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031. Because of the region's abundant agricultural resources and rising demand for livestock products, the fodder industry in Latin America is expanding. The production of tropical fodder, which is valued for both its nutritional content and climatic adaptation, is one industry sector that is seeing significant growth. To fulfill the increasing demands of the cattle business, Latin American farmers are expanding their fodder production efforts with an emphasis on sustainable farming practices and technical improvements. All things considered, the Latin American forage market offers a great deal of potential for investors to take advantage of the agricultural resources of the area and meet the growing demand for premium animal feed.

• According to Cognitive Market Research, the Brazil Forage market size was valued at USD 1907.90 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Forage sales flourish in Brazil due to the rising popularity of western-style bars and cocktail culture.
• The Argentina Forage market had a market share of USD 748.90 million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. The demand is augmented by Argentina's commitment to demand for high-quality and premium alcoholic beverages among urban consumers.
• The Colombia Forage market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 396.74 million in 2024.
• The Peru Forage market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 365.53 million in 2024.
• The Chile Forage market is projected to witness growth at a CAGR of 4.2% during the forecast period with a market size of USD 320.96 million in 2024.
• The Rest of Latin America Forage market is projected to witness growth at a CAGR of 3.0%during the forecast period with a market size of USD 717.69 million in 2024.

Middle East and Africa Forage Market

According to Cognitive Market Research, the global Forage market size was estimated at USD 89154.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1783.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. The forage market in the Middle East and Africa is expanding because to rising animal product demand and increased attention to sustainable agriculture. The cultivation of forage resistant to drought is one industry that is experiencing significant expansion, which is important given the region's arid climate. Farmers in the Middle East and Africa are increasing their efforts to cultivate fodder in order to improve animal hardiness and nutrition, thanks to developments in genetic research and irrigation technologies. All things considered, the fodder market in this area offers a lot of potential for stakeholders to fulfill the changing demands of the cattle business while advancing agricultural sustainability in difficult conditions.

• According to Cognitive Market Research, the GCC Countries Forage market size was valued at USD 763.16 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Forage sales flourish in the GCC Countries due to the strong tradition of herbal liqueurs such as schnapps and bitters.
• The Egypt Forage market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD 187.22 million in 2024.
• The South Africa Forage market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD 281.73 million in 2024. Forage sales flourish in the South Africa due to the growing interest in craft spirits and artisanal beverages.
• The Turkey Forage market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD 153.35 million in 2024.
• The Nigeria Forage market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD 187.2 million in 2024.
• The Rest of MEA Forage market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD 210.40 million in 2024.

Forage Market Analysis

Forage Type Segment Analysis

According to Cognitive Market Research, Store Forage held the major market share over the forecast period. Offering creative methods for preserving and storing animal feed, Store Forage is a well-known player in the expanding forage business. Store Forage offers storage solutions designed to meet the demands of contemporary livestock production with an emphasis on sustainability and quality. Their goods guarantee the best possible forage preservation, which boosts farm productivity and animal nutrition and propels the forage market's expansion.

Fresh Forage is the fastest-growing category over the forecast period. Focusing on producing and supplying premium fresh feed for animals, Fresh Forage is causing a stir in the growing forage industry. It provides a wide variety of nutrient-dense forage sources while maintaining a focus on animal nutrition and sustainability. The forage market is expanding due to its creative thinking and unwavering commitment to quality, satisfying the growing need for high-quality feed.

• Store Forage
• Fresh Forage

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Forage Industry. Request a Free Sample PDF!

Forage Application Segment Analysis

According to Cognitive Market Research, Dairy holds a prominent market share. Dairy, a prominent participant in the rapidly expanding fodder industry, is propelling growth by prioritizing high-quality dairy production. Dairy provides a variety of forage products designed for both animal health and milk production, with an emphasis on meeting the nutritional needs of dairy cattle. Their dedication to producing feed at the highest possible standard is helping the forage market grow and satisfying the demands of dairy producers throughout the globe.

Crops are the fastest-growing category over the forecast period. By using cutting-edge agricultural technologies and creative farming techniques, Crops guarantee the production of nutrient-rich feed for livestock. The forage market is expanding due to its commitment to sustainable farming and crop management. This satisfies the growing need for high-quality fodder supplies to support livestock agricultural operations worldwide.

• Dairy
• Crops
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Forage Crop Type Segment Analysis

According to Cognitive Market Research, Cereals held the major market share over the forecast period. Using cutting-edge farming methods and research, Cereals creates premium fodder grains tailored to the nutritional needs of cattle. Their dedication to sustainability and innovation helps the forage industry expand and satisfy the growing demand in livestock production for cereal-based feed alternatives.

Legumes are the fastest-growing category over the forecast period. The focus on growing nutrient-rich legume crops for animal feed is driving the rise of the legume forage market. Legumes provide various premium feed options through genetic breakthroughs and sustainable agricultural practices. Their dedication to environmental stewardship and innovation propels market growth, satisfying the livestock industry's growing need for legume-based feed solutions.

• Cereals
• Legumes
• Grasses

Forage Products Segment Analysis

According to Cognitive Market Research, Ration held the major market share over the forecast period. Ration focuses on maximizing animal health and nutrition and provides a wide selection of premium forage products suited to particular dietary needs. Their creative thinking and unwavering dedication to quality are propelling the fodder market's expansion and satisfying the changing demands of livestock producers across the globe.

Hay is the fastest-growing category over the forecast period. Hay is a staple of the rapidly expanding fodder industry, growing because of its vital function in feeding animals. Hay producers, emphasizing high-quality production and preservation methods, provide a dependable animal feed supply globally. Hay's significance in the livestock business is highlighted by the growing need for it, which has greatly expanded the fodder market.

• Ration
• Hay
• Silage
• Others

Forage Animal Type Segment Analysis

According to Cognitive Market Research, Ruminants held the major market share over the forecast period. Cattle, sheep, and goats are ruminants that mostly rely on grass for nutrition. The need for premium fodder products and the number of ruminant animals worldwide increases. The forage industry is expanding due to this tendency, which offers chances to suppliers and producers alike.

Swine is the fastest-growing category over the forecast period. Alfalfa and clover are two types of fodder that improve animal health and save feed costs; pig farmers are starting to realize these benefits. This change is helping the forage industry expand as swine enterprises look to maximize sustainability and nutrition in pig production systems.

• Ruminants
• Swine
• Poultry
• Others

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

Author's Conclusion