Forage Analysis - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Forage Analysis Market is accounted for $470.48 million in 2017 and is expected to reach $939.52 million by 2026 growing at a CAGR of 7.9% during the forecast period. Factors such as rise in demand for high-quality forage, mandatory analysis of feed quality, and safety among farmers and manufacturers for the growth and development of livestock are fuelling the growth of the market. However, due to lack of awareness among farmers and forage manufacturers and basic supporting infrastructure is hampering the market growth.
Forage analysis is an integral part of modern animal production. Livestock managers require detailed information about the feedstuffs of their herds in order to best achieve production goals, whether they are concerned with economic efficiency, nutrient efficiency or maximum yields.
Depending on the livestock, cattle segment is estimated to be the significant growing segment because cattle are the major source of end-use products such as milk and meat. Quality forage helps to improve forage conversion and absorption and strengthens the immune system of animals. Therefore, to attain quality livestock products, farmers and companies are focusing on forage analysis.
On the basis of target, nutrient segment holds the lucrative market share as nutrients are essential, as they play an important role in optimizing the growth and performance of livestock. Different types of tests are performed to test the nutrient levels in forage. Therefore, manufacturers and farmers are increasingly conducting forage analysis in order to provide the required level of nutrients to livestock.
By geography, North America provides potential growth opportunities by owing to the presence of a large number of forage analysis laboratories and awareness regarding animal nutrition among farmers and forage manufacturers.
Some of the key players in forage analysis market include Dairyland Laboratories, Brett Young Seeds, Eurofins Scientific, Intertek, NWF Agriculture Limited, R J Hill Laboratories, Dodson & Horrell, Minnesota Valley Testing Laboratories, Servi-Tech, Cargill, Cawood Scientific, Dairy One, Massey Feeds, CVAS, SGS.
• Fresh Forage
• Stored Forage
• Others Forage
• Other Livestock
• Chemical Method
• Physical Method
Forage Types Covered:
• Dry Matter
• Other targets
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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- Market share assessments for the regional and country level segments
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- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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