Transparency
Market Research has published a new report on the global forage feed
market. According to the report, the global forage feed market was
valued at US$85 bn in 2013 and is predicted to reach US$162.8 bn by
2019. The report, titled ‘Forage Feed Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019’,
states that the global forage feed market is predicted to expand at
an 11.40% CAGR during the period from 2013 to 2019. In terms of
volume, the global forage feed market is predicted to rise at a 9.20%
CAGR during the forecast period.
Browse
the full Forage Feed Market report at :
http://www.transparencymarketresearch.com/forage-feed-market.html
As
per the Food and Agriculture Organization of the United Nations, 26%
of the global land area and 70% of the agricultural area is covered
by grasslands, which fulfill the livelihoods of millions of people.
Grasslands are the major source of goods such as forage and various
kinds of food. The global forage feed market has expanded rapidly in
the recent past due to factors such as an increase in global meat
consumption, rising awareness about the benefits of forage feed, and
a rise in production of farm animals.
Forage
feed is the part of a plant that features the leaves and stem.
Grazing animals generally feed on the forage feed to obtain
nutrients. Leguminous plants and grass fall under this type of forage
crops. Apart from feeding animals such as goats, sheep cattle, and
buffalos, forage feed plants are also used to conserve land and
prevent soil erosion. Rising livestock product consumption is one of
the major factors expected to drive the global forage feed market
during the forecast period. The global forage feed market is
segmented on the basis of geography, product type, and livestock
type. By product type, the global forage feed market is classified
into fresh forage, stored forage, and others. In 2013, in terms of
revenue, the storage forage feed segment dominated the global forage
feed market, accounting for 41.5% of the market.
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a Brochure of this Report :
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Based
on livestock type, the global forage feed market is classified into
poultry, cattle, pork/swine, aquaculture, and others. In 2013, in
terms of revenue, the global forage feed market was dominated by the
poultry livestock segment, which accounted for 33.1% of the market.
In terms of revenue, the pork/swine livestock segment accounted for
29.1% of the market in 2013. By geography, the global forage feed
market is divided into Europe, Asia Pacific, North America, and Rest
of the World. In terms of revenue, the Asia Pacific market for forage
feed led the global forage feed market in 2013, capturing 34.2% of
the market. Europe, accounting for 28.1% of the market, was the
second fastest growing region in 2013 and is expected to maintain its
position by 2019. Asia Pacific is predicted to present many
development opportunities for the forage feed market in the coming
few years.
Leading
players in the global forage feed market are expected to face
competition from emerging companies in the near future. Some of the
prominent companies operating in the global forage feed market are
Standlee Hay Company, Inc., Baileys Horse Feeds, The Pure Feed
Company Limited, J. Grennan and Sons, Triple Crown Nutrition, Inc.,
Cargill, Inc., and Semican Inc.
Key
segments of Global Forage Feed Market
The
global forage feed market according to product is segmented into:
- Stored forage
- Fresh forage
- Others
According
to livestock-type, the report segments the market into:
- Poultry
- Cattle
- Pork/Swine
- Aquaculture
- Others
Major
geographies analyzed under this research report are:
- Europe
- North America
- Asia-Pacific
- Rest of the World
Browse
the full Press
Release:http://www.transparencymarketresearch.com/pressrelease/forage-feed-market.htm
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.
Atil Chaudhari
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State Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-618-1030
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