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.
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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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