The global forage market is poised for significant growth, with its value reaching USD 93.9 billion in 2024 and projected to ascend to USD 133.5 billion by 2033, reflecting a CAGR of 3.96% during 2025-2033. This upward trajectory is fueled by escalating global demand for meat and dairy products, driven by population growth and rising incomes. Additionally, increasing awareness of sustainable farming practices and the adoption of organic forage production methods are contributing to market expansion. Technological advancements, such as precision agriculture and drone monitoring, are further enhancing forage yield and quality, supporting the industry's robust growth.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Years: 2025-2033
Forage Market Key Takeaways
- Market Size Growth: The forage market reached USD 93.9 billion in 2024 and is expected to grow to USD 133.5 billion by 2033, exhibiting a CAGR of 3.96% during 2025-2033.
- Technological Integration: The adoption of precision agriculture and drone technology is enhancing forage production efficiency and quality.
- Sustainable Practices: There's a growing shift towards organic and sustainable forage production, driven by environmental concerns and consumer preferences.
- Regional Growth: Asia Pacific is experiencing rapid growth due to increasing demand for high-quality animal feed and exports to Western markets.
- Market Drivers: Rising global demand for meat and dairy products, coupled with population growth and increasing incomes, is propelling market expansion.
Market Growth Factors
- Rising Global Demand for Animal-Based Products
Globally, the rising population and incomes have caused higher demand for animal products like meat and dairy. Increased demand requires high-quality forage production for improving the health and productivity of livestock. Forage is a key feed component, giving the necessary nutrients for animal development and milk yield. Therefore, the forage market is witnessing extraordinary growth to satisfy these nutritional demands.
- Technological Advancements in Forage Production
The incorporation of high-tech innovations such as precision agriculture and unmanned aerial vehicle monitoring is transforming forage production. These technologies allow farmers to maximize planting, watering, and harvesting stages, resulting in higher yield and better forage quality. Technology use also allows for improved resource management and cost reduction on labor, improving forage production efficiency and sustainability.
- Shift Towards Sustainable and Organic Farming Practices
Increased environmental consciousness and consumer demand for organic produce are fueling the use of sustainable agriculture methods in forage production. Farmers are adopting practices that reduce the use of chemicals and enhance soil fertility, including crop rotation and organic manure. Such practices not only address consumer needs for organic animal produce but also ensure environmental protection, further stimulating the forage market.
Request for a sample copy of this report: https://www.imarcgroup.com/forage-market/requestsample
Market Segmentation
Breakup by Crop Type:
- Cereals: Includes crops like corn and barley, commonly used for their high energy content in livestock feed.
- Legumes: Such as alfalfa and clover, valued for their high protein content and soil-enriching properties.
- Grasses: Includes ryegrass and fescue, known for their adaptability and palatability to livestock.
Breakup by Product Type:
- Stored Forage: Preserved feeds like silage and hay, allowing for year-round availability.
- Fresh Forage: Directly grazed or cut green fodder, providing immediate nutritional benefits to livestock.
Breakup by Animal Type:
- Ruminants: Includes cattle and sheep, which primarily consume forage-based diets.
- Swine: Pigs that benefit from forage as a supplementary feed source.
- Poultry: Chickens and turkeys that may consume forage to enhance diet diversity.
- Others: Encompasses other livestock like horses and rabbits that utilize forage in their diets.
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Regional Insights
Asia Pacific is becoming one of the most developing regions in the forage market, influenced by growing demand for quality animal feed and export to Western nations. The interest in improving livestock productivity and taking up advanced farm practices in the region is its major market development.
Recent Developments News
The forage sector is experiencing a technology integration boost, with technologies such as precision agriculture and drone monitoring becoming more commonplace. These technologies are improving the yield and quality of forage, translating to more efficient and sustainable production. There's also a significant movement towards organic and sustainable forage practices, mirroring world environmental and health-conscious trends. These innovations are forging the future of the forage industry, guaranteeing its expansion and resilience in an evolving agricultural environment.
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, etc.
Ask Analyst for Customization:
https://www.imarcgroup.com/request?type=reportid=5181flag=C
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
