Global Forage Feed Share 2025, Forecast To 2034
26 Mar, 2025
What are the Historical Developments and Current Growth Metrics of the Forage Feed Market?
The forage feed market has seen considerable growth due to a variety of factors.
• The market size of forage feed has seen substantial growth in the past few years. The market, valued at $93.89 billion in 2024, is projected to reach $99.52 billion in 2025, representing a compound annual growth rate (CAGR) of 6.0%.
Factors like increase in the livestock population, greater supply of forage feed to farm animals, heightened demand for dairy and animal products, more attention towards animal health and nutrition, and an increased urge for superior quality of animal feed account for this historical period growth.
What Is The Projected Growth Of The Forage Feed Template Market?
The forage feed market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for forage feed is set to experience robust expansion in the forthcoming years. With a 5.7% compound annual growth rate (CAGR), it is projected to reach $124.28 billion by the year 2029. This growth during the forecast period can be credited to factors such as the transition in consumer inclinations towards organic food and feed commodities, rising demand for superior quality livestock feed goods, growing prevalence of intensified animal farming, heightened demand for seafood, and the increased productive capacity of forage feed. Key trends to watch out for in this duration encompass advanced nutritional compositions, precision agriculture practices, forage cultivation using hydroponics, enhanced preservation and storage techniques, genetically refined forage crops, eco-friendly production methodologies, and digital oversight for enhancing feed efficiency.
What Are The Key Drivers Fueling Growth In The Forage Feed Market?
The rise in the number of domestic animals such as cattle, poultry, pigs, and sheep for agricultural purposes like food and fiber is projected to fuel the expansion of the forage feed market. The surge in livestock numbers can be attributed to increasing global demand for animal products, population growth, and elevated income levels in developing nations, which necessitates an increase in livestock for meat, dairy, and other agricultural sectors. Forage feed, providing vital fiber, nutrients, and energy for healthy digestion, growth, and productivity, is crucial for livestock. For instance, Swineweb, a US digital information platform for the North American pork industry, reported in September 2023 that the imports of feeder cattle had seen a year-over-year rise of more than 19%, and it was projected that pork exports would scale up in 2023, reaching 6.8 billion pounds- a 7.2% growth from the prior year. As such, the burgeoning livestock population is a key driver for the growth of the forage feed market.
What Are The Principal Market Segments In The Global Forage Feed Industry?
The forage feed market covered in this report is segmented –
1) By Type: Pasture, Hay, Silage, Haylage
2) By Animal: Ruminants, Poultry, Swine, Other Animals
3) By Form: Pellets, Cubes, Other Forms
4) By Distribution Channel: Online Stores, Supermarkets Or Hypermarkets, Specialty Stores, Other Distribution Channels
Subsegments:
1) By Pasture: Legume Pasture, Grass Pasture, Mixed Pasture
2) By Hay: Alfalfa Hay, Timothy Hay, Clover Hay, Bermuda Grass Hay
3) By Silage: Corn Silage, Sorghum Silage, Grass Silage, Legume Silage
4) By Haylage: Alfalfa Haylage, Clover Haylage, Grass Haylage, Mixed Haylage
Which Emerging Market Trends Are Altering The Forage Feed Industry?
Major companies operating in the forage feed market are focusing on product innovation, such as multi-species forage, to enhance nutritional benefits, improve soil health, and increase livestock productivity. Multi-species forage refers to a diverse mix of forage plants, including grasses, legumes, and other herbaceous species, grown together to provide a balanced and nutrient-rich diet for various livestock species. For instance, in October 2024, Renovo Seed, a US-based seed manufacturing company, launched a new forage mix, OptiHarv. The mix consists of millets, peas, beans, barley, and brassicas, producing significant tonnage for baleage, haylage, or grazing. It offers a high-quality total meat ratio (TMR) and multiple harvests from one field. OptiHarv has excellent yield potential, crude protein levels, relative feed value, and total digestible nutrients. It can be used as a cover crop for producers enrolled in NRCS or carbon programs.
Who Are the Key Players In The Forage Feed Market?
Major companies operating in the forage feed market are:
• Cargill Inc.
• Charoen Pokphand Foods PCL
• Evonik Industries AG
• Land O'Lakes Inc.
• Royal DSM N.V.
• J. R. Simplot Company
• Nutreco N.V.
• Trouw Nutrition
• Wilbur Ellis Holdings Inc
• ForFarmers N.V.
• Alltech Inc.
• Standlee Premium Products LLC
• Riverina Australia Pty Ltd
• Kemin Industries Inc.
• ADM Alliance Nutrition
• NWF Agriculture
• Al Dahra ACX Global Inc.
• Cornext Agri Pvt. Ltd.
• The Pure Feed Company
• Lucerne Farms.
What Are The Regional Insights Into The Forage Feed Market?
North America was the largest region in the forage feed market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the forage feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.