The global Forage market reached a value of XX Billion US$ in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during the period 2022-2027.
SHERIDAN, WYOMING, USA, April 8, 2022 /EINPresswire.com/ — Forage is the part of crops fed directly to livestock and contributes significantly to the world of food production. It is a rich source of vitamins, fiber and protein. Forage consumption also improves milk production, maintains rumen health, increases metabolism, improves egg shell formation, ensures water balance and hormone production in various animals and poultry. In addition, forage reduces weed growth, prevents soil erosion, helps move sediment, purifies air and water, lessens the impact of greenhouse gases, and nurtures wildlife habitats.
Base year: 2021
Forecast year: 2022-2027
the the global fodder market reached a value of XX billion US$ in 2021. Looking ahead, IMARC Group expects the market to grow at a CAGR of XX% during the period 2022-2027.
Fodder market trends and drivers:
The global forage market is mainly driven by the growing awareness of the nutritional requirements of farm animals. Additionally, increasing consumption of animal products such as milk and meat and increased demand for protein are also fueling the growth of the market.
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Nowadays, the lack of proper wildlife management has led to the reduction of pastures, which increases the demand for products across the world. In addition, farmers today increasingly prefer organic fodder because it provides adequate nutrition to animals.
Additionally, heavy investment in research and development (R&D) activities to improve product quality is expected to have a significant impact on the growth of the market in the coming years.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
Analysis and segmentation of the global fodder market 2022-2027:
The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.
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 and Standlee Premium Products LLC.
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The report has segmented the market based on region, crop type, product type, and animal type.
Breakdown by crop type:
Breakdown by product type:
• Stored fodder
• Fresh fodder
Breakdown by type of animal:
Breakdown 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
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.
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