DUBLIN, May 9, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/zkltwn/forage_feed) has announced the addition of the "Forage Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
Forage consists of grasses, herbaceous legumes, tree legumes, silage, green feed and hay. Nearly 200 plant species have been known as forage crops. The market for forage is segmented as fresh forage and stored forage. Fresh forage provides the highest quality and the most palatable feed possible. Stored forage is harvested as hay and can be chopped and packed in plastic bags. Benefits from forage crops are not just limited to livestock production. They also contribute to food crop production by conserving soil, landscape and wildlife, protecting the environment from pollution, and revegetating and reclamation of degraded land. They are also sources of high quality proteins for medical and pharmaceutical products. The global forage feed market in terms of revenue was valued at USD 85.06 billion in 2013.
Different kinds of forage crops can be classified as permanent meadows, temporary meadows, annual crops and crops. Permanent meadows mainly consist of perennial legumes and grasses. Here, the land used to grow forage is used for a period of five years or more. These are harvested manually or grazed. In temporary meadows the land used to grow forage is used for a period of less than five years. These forage crops either grow in the wild or are cultivated. Annual crops are high production grains such as wheat, sorghum and maize. Crops are both forage and subsistence such as cowpea and sorghum.
The market for forage feed by product type in 2013 was majorly dominated by stored forage and accounted for 41.51% of the total market share. In future stored forage is likely to lose its market share slightly due to increasing health conscious among consumers regarding animal health. Others kind of forages combined together had around 20% of the market share.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Forage Feed Market - Industry Analysis
Chapter 4 Forage Feed Market - Product Segment Analysis
Chapter 5 Forage Feed Market- Livestock Type
Chapter 6 Forage Feed Market - Regional Analysis
Chapter 7 Company Profiles
- ADM Alliance Nutrition, Inc.
- BASF SE
- Baileys Horse Feeds
- Brett Young Seeds
- Cargill, Incorporated
- Chaffhaye, Inc.
- J. Grennan and Sons
- NWF Agriculture Limited
- Semican, Inc.
- Standlee Hay Company, Inc.
- The Pure Feed Company Limited
- Triple Crown Nutrition, Inc.
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SOURCE Research and Markets