Global Forage Analysis Market accounted for USD 654.37 Million in 2023 and is expected to forecast striking growth during the forecast period with a CAGR of 5.44% from 2023 to 2029.
Forage Analysis Market
The Forage Analysis Market can be defined as the industry responsible for the measurement of forage, such as grasses, legumes or other herbaceous crops for the purpose of being used in animal feed. Forage analysis assists in assessing the nutritional quality of these feeds, which allows livestock farmers to maximize the diets of their animals. This market involves different services including determination of nutritional content, testing for contamination, and feed value analysis. It contributes significantly to the world’s agriculture sector by providing assurance of the health and productivity of livestock.
This research study made extensive use of secondary sources comprising directories and databases like Hoovers, Forbes, Bloomberg Businessweek, and Factiva for identifying and gathering information relevant for the technical, market-oriented, and commercial study of the market for forage analysis. The key sources involved are industry specialists from related and core industries and preferred suppliers, dealers, manufacturers, alliances, standards & certification bodies from firms, and organizations connected to all segments of this industry’s value chain. In-depth interviews were carried out with different primary respondents like industry key players, subject matter specialists, C-level executives of leading market players, and industry consultants to acquire and validate crucial qualitative and quantitative data and also to evaluate future possibilities. The following figure illustrates the market research methodology used in preparing this report on the forage analysis market.
The stakeholders for the forage analysis market are listed below:
Forage producers, processors, and distributors
Farming and agriculture sector
Raw material suppliers
Animal husbandry, animal health, and nutrition association
Forage and feed testing, inspection, and certification labs
Feed safety administrations
Government and research institutions
Industry associations and bodies:
The Food and Drug Administration (FDA)
The European Food Safety Agency (EFSA)
Depending on the type of forage, the market is divided into hay, silage, and ration. The ration segment ruled the market during 2018, and it is expected to follow the same trend during the forecast period of 2018-2023. Ration is used most commonly as an in-house forage for dairy cows and horses. An ideal ration should be extremely rich in proteins, minerals, vitamins, carbohydrates, and fat. Therefore, analyzing the level of nutrients in ration is necessary.
Based on livestock, the market for forage analysis has been divided into cattle, equine, and sheep. The cattle segment held the largest share in the global market in 2018. Cattle are the prime source of end-use products like milk and meat. Forage conversion and absorption are enhanced with quality forage, and it enhances the immune system of animals. Hence, to achieve quality livestock products, farmers and businesses are emphasizing forage analysis.
Based on target, the market has been divided into nutrients, mycotoxins, dry matter, and others. The nutrients market captured the majority of the global market in 2018. Nutrients are necessary because they have a significant role to play in maximizing the growth and performance of livestock. Various tests are conducted to test the nutrient content in forage. Thus, farmers and manufacturers are conducting more forage analysis to offer the necessary level of nutrients to animals.
Method Insights
According to the Method, in the international forage analysis market, the Physical Method has long been the more prevalent method. The accuracy and affordability of this method have contributed to its popularity in estimating the nutritional content of forage, thus increasing livestock productivity and health. Although the Chemical Method is also essential, its application is relatively less common. The interplay among these approaches, nonetheless, might alter in the coming years with developments in technology and market conditions.
Regional Insights
North America accounts for the biggest market share in the Global Forage Analysis Market. This is due to a number of factors. The region has a very large agricultural industry, with many different types of crops and livestock. This lays a solid platform for the demand and use of forage analysis services. North America boasts a strong livestock sector, with a large number of dairy and beef cattle farms, among other livestock enterprises. The growing awareness of the advantages of forage analysis among forage producers and livestock farmers also adds to North America’s leadership in this market. Through the use of sophisticated analytical methods, including nutrient profiling and quality determination, forage analysis optimizes animal nutrition, increases productivity, and enhances overall herd health. This, in turn, translates into increased profitability and sustainability for farmers and producers in the region.
