According
to the Food and Agriculture Organization of the United Nations,
around 26% of the world’s land area and about 70% of the
agricultural area is covered by grasslands, which contribute to the
livelihoods of millions. Grasslands are a source of goods such as
food and forage. The global forage feed market has been experiencing
significant expansion over the years. This can be attributed to the
surge in global meat consumption, growth in farm animal production,
and increasing awareness about the health benefits of forage feed in
animals.
The
research report maps all the important aspects of the forage feed
market. It covers prominent market trends, market projections, retail
distribution, forage feed companies data in terms of volume and
value. Furthermore, the report presents a snapshot of the most
significant product innovations in the forage feed market that will
influence the market during the forecast period of 2013 to 2019.
Browse
full Forage Feed Market report
at:http://www.transparencymarketresearch.com/forage-feed-market.html
Overview
of the global forage feed market
Forage
feed is that part of a plant that features the stem and leaves.
Grazing animals typically feed on this part to obtain nutrients.
Grass and leguminous plant varieties fall under the category of
forage crops. Besides feeding foraging animals such as sheep cattle,
goats, and buffalos, these are also used to conserve land and to
prevent soil erosion. The report states that the global forage feed
market is anticipated to grow at an 11.4% CAGR in terms of revenue
and at a 9.2% CAGR in terms of volume during the forecast period.
By
product-type, the global forage feed market is classified into
storage forage, fresh forage, and others. The main types of livestock
covered in the forage feed market are poultry, cattle, port or swine,
aquaculture, and others.
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Storage
forage feed dominated the global market of forage feed and
contributed to 41.5% market share in 2013. The poultry livestock
sector is the second-leading livestock segment in terms of revenue
and accounted for a market share of 33.1% in 2013. The poultry
segment was followed by pork/swine sector, which generated 29.1%
market revenue in 2013.
Geographically,
Asia Pacific is the leading regional forage feed market with a 34.2%
share of the total revenue in 2013. China, Japan, and India are
pushing forward the Asia-Pacific market and the region will
experience an 11.8% CAGR during the forecast period. The next
important regional market in 2013 was Europe with a 28.1% market
share. Though several sectors in the global forage feed market
promise good growth in the coming few years, the market will be
suppressed by inadequate funding for research compounded by a greater
demand for substitutes.
Companies
mentioned in the research report
The
global forage feed market is dominated a few key players. These
include: Standlee Hay Company, Inc., Triple Crown Nutrition, Inc.,
Baileys Horse Feeds, Cargill, Incorporated, The Pure Feed Company
Limited, Semican Inc., and J. Grennan and Sons.
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
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key
highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Browse
the full Press
Release:http://www.transparencymarketresearch.com/pressrelease/forage-feed-market.htm
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