The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

During the forecast period, the rising dairy industry is likely to drive innovation in herbage manufacturing, hence driving the market.

The global herbage market is expected to grow from $7.86 billion in 2022 to $8.58 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The global herbage market size is expected to reach $11.71 billion in 2027 at a CAGR of 8.1%.

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Global Herbage Market Segments Include:

• By Ingredient: Protein Meals And Cakes, Cereals And Grains, Brans, Additives, Agro-Industrial By-Products
• By Application: Beef Organic Ruminant, Dairy Organic Ruminant, Calves, Other Applications
• By End User: Feed, Fodder, Agro-Based, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global herbage market in 2021.

Major Market Players in the herbage market include Cargill Incorporated, Kreamer Feeds Inc., Scratch and Peck Feeds, Country Heritage Feeds, For Framers, Green Mountain Feeds, Feedex Companies, For Farmers., SunOpta.

Product innovation is a crucial trend that is gaining traction in the herbage sector. To maintain their position in the herbage market, major herbage companies are introducing unique products. For example, in July 2022, Fyteko, a Belgian agricultural technology business, and Cerience, a French agronomic seed producer, released NURSEED HC, a hydroxycinnamic oligomer discovered in plant cell walls that was applied to forage seeds. The novel seed treatment can aid in the emergence of stressed seedlings while also providing a high yield.

The Herbage Global Market Report 2023  provides a herbage market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The herbage market forecast analyzes herbage market size, herbage market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Herbage is plant life that is herbaceous in nature. Herbage is utilised to provide forage for grazing animals.

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