Wednesday, 29 October 2014

Worldwide Forage Feed Industry Trends Challenges and Key Vendors Analysis Report 2018

Forage feed is used to provide nutrition to livestock such as poultry, swine, cattle, horse, sheep, and others. It comprise of legumes hay, grass, and silage and extracts from harvested crops. They provide nutrition to animals as they have high fiber content. Forage crops are also used for land conservation.

Analysts forecast the Global Forage Feed market to grow at a CAGR of 11.31 percent over the period 2013-2018.

The report recognizes the following companies as the key players in the Global Forage Feed Market: ADM Alliance Nutrition Inc., Semican Inc., Standlee Hay Co. Inc., The Pure Feed Co. Ltd. and Triple Crown Nutrition Inc.

Other Prominent Vendors in the market are: BASF, Baileys Horse Feeds, Brett Young Seeds, Cargill, Chaffhaye, J. Grennan and Sons and NWF Agriculture.

One key trend in the market is product innovations in forage feed that could reduce the content of fat in the feed. Forage feed is composed in a special way to reduce the fat content in the feed. Research is being carried out to design the composition of ingredients in forage feed to provide maximum nutritional benefit to the animals.

Covered in this Report
The Global Forage Feed market can be segmented into three divisions based on product type: Fresh Forage, Stored Forage and Others.

Global Forage Feed Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Forage Feed market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, an increase in global meat consumption is one of the major drivers contributing to the growth of the Global Forage Feed market. With the rise in meat consumption, the demand and supply of forage feed also increases, especially in the Poultry sector.

Further, the report states that one of the major challenges confronting the market is the rise in demand for substitutes. Substitutes such as beet pulp, vitamin and mineral concentrates, are witnessing a rise in demand.

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