Forage Analysis Market to Grow at 5.44% CAGR through 2029
Rising demand for high-quality livestock feed and advancement in forage analysis equipment is expected to drive the Global Forage Analysis Market growth in the forecast period, 2025-2029.
According to
TechSci Research report, “Forage Analysis Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2019-2029F”, the
Global Forage Analysis Market stood at USD 654.37 Million in
2023 and is anticipated to project steady growth in the forecast period with a
CAGR of 5.44% through
2029F. The global forage analysis market is driven by a number of factors. The
increasing demand for high-quality livestock-based products has led to a surge
in forage analysis, as farmers seek to ensure their livestock is healthy and
productive. Global climate change has led to unpredictable weather patterns,
necessitating regular forage analysis to maintain the quality and quantity of
livestock feed.
The rise in awareness about the importance of livestock diet for the quality of
animal-derived products among consumers is also contributing to the market
growth. Government initiatives and investments in research and development
activities for forage analysis are further propelling the market expansion.
The global
forage analysis market is witnessing sustained growth, bolstered by a growing
emphasis on sustainable livestock farming and an increasing demand for
high-quality animal feed. This market encompasses a broad range of services
that analyze the nutritional content of forages, ensuring that livestock
receive balanced diets that optimize their health and productivity. Over the past few years, we have seen
significant advances in forage analysis technologies. These range from
near-infrared reflectance (NIR) spectroscopy to wet chemistry techniques. These
innovations are enabling faster and more accurate analysis, which in turn is
driving market growth.
Increased
awareness about the importance of livestock health among farmers and livestock
keepers is another factor contributing to the expansion of the forage analysis
market. As the importance of high-quality forage in boosting milk and meat
production becomes more widely recognized, demand for forage analysis services
is predicted to continue rising. Governmental regulations and standards regarding animal feed quality are
tightening in many regions, compelling livestock owners to utilize forage
analysis services. Such norms are intended to safeguard animal health and
minimize the environmental impact of livestock farming.
However, the
forage analysis market does face some challenges. For small-scale farmers, the
cost of these services can be prohibitive. There is also a lack of awareness
about the benefits of forage analysis in certain regions. These factors may
constrain market growth to some extent. Regionally, North America currently
dominates the forage analysis market, due to the strong presence of key market
players and established animal husbandry practices. Nonetheless, Asia-Pacific
is anticipated to exhibit the highest growth rate in the coming years, owing to
its burgeoning dairy and meat industries. Looking ahead,
the forage analysis market appears set to continue its positive trajectory. The
emerging trend of precision farming, together with technological advancements
in forage analysis, is expected to provide new growth opportunities. As the
global population and demand for animal products increase, the need for
efficient and sustainable livestock farming practices will become ever more
pressing, thus fuelling the demand for sophisticated forage analysis services.
In conclusion, the global forage analysis market demonstrates great potential
for further expansion and innovation.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Forage Analysis Market”
Global Forage
Analysis Market is segmented into method, target, forage type, livestock, regional
distribution, and company.
Based on the Target, in the arena of the global forage analysis market, the 'Nutrients' segment is currently dominating. This ascendancy is primarily due to the crucial role that nutrients play in animal nutrition, growth, and overall health. Understanding the nutritional content of forage enables farmers and livestock owners to optimize their feed strategies, thereby ensuring the wellbeing of their livestock and the profitability of their operations. The 'Nutrients' segment is expected to continue its dominance in the global forage analysis market owing to the increasing awareness among farmers and livestock owners about the importance of proper nutrition for their animals. With rising concerns over animal welfare and strict regulations on feed quality, there has been a growing demand for forage analysis services that can accurately measure and assess nutrient levels in feed.
Based on region,
North America is leading the Global Forage Analysis market due to several key
factors. The region boasts advanced agricultural practices and technologies,
fostering an environment conducive to high-quality forage production. The rich livestock industry in North America necessitates
consistent forage analysis to ensure sound animal nutrition and health. The
presence of prominent forage analysis companies and increased awareness among
farmers about the significance of livestock diet for productivity further
propel the market in this region.
Major companies
operating in Global Forage Analysis Market are:
- Cargill, Incorporated
- Cawood Scientific Ltd.
- Dairy One Cooperative Inc.
- Dairyland Laboratories Inc.
- Dodson & Horrell Ltd
- RJ Hill Laboratories Limited
- Massey Bros Feeds Ltd.
- Servi-Tech, Inc.
- SGS S.A.
- CVAS, Inc.
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“The future of
the Global Forage Analysis Market poses immense growth potential. Driven by rising
awareness about the importance of livestock nutrition, demand for advanced
forage analysis techniques is projected to surge. Increasing need for
high-quality meat and dairy products, coupled with stringent government
regulations on animal feed, also contribute to the growing market. Technological advancements in forage analysis, such as near-infrared
reflectance (NIR) spectroscopy, promise quicker and more precise results,
further bolstering the market's growth prospect”, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Forage Analysis Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Method (Physical
Method, Chemical Method), By Target (Nutrients, Mycotoxins, Dry Matter, Others),
By Forage Type (Hay, Silage, Ration, Others), By Livestock (Cattle, Sheep,
Equine), By Region and Competition, 2019-2029F”, has evaluated
the future growth potential of Global Forage Analysis Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Forage Analysis Market.
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