Global Forage Feed Market Overview:
Forage feed is a portion of food for domestic animals, which provides them with nutrition. Livestock such as poultry, horse, sheep, swine, cattle, and others. Forage feed comprises grass, silage, legumes, hay, and extracts from harvested crops. Almost 26% of the world’s land and 70% of the world’s agricultural land is covered by grasslands, as per statistics from the UN Food and Agriculture Organization.
- Surging Meat Consumption Globally
- Expansion of Farm Animal Production
- Rising Practices of Administering Forage Feed to Animals for Their Nutritional Content
- Popularity of Organic Meats Globally
- Emerging techniques in livestock breeding
- High Cost Factor of Forage Feed
- Lack of Funding for Forage Research
- Potential Growth in Emerging Countries
- Forage Technology Adoption by Smallholder Cattle Households
- Maintenance of Proper Stocking Rate and Balancing Animal Numbers with Forage Supply
Some of the key players profiled in the report are BASF (United States), Cargill (United States), NWF Group (United Kingdom), Standlee Hay (United States), The Pure Feed Company (United Kingdom), Triple Crown Nutrition (United States), Baileys Horse Feeds (United Kingdom), Chaffhaye (United States), J Grennan and Sons (Ireland), Lucerne Farms Inc. (United States) and Semican International (Canada). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Forage Feed market by 2024.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Forage Feed market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Forage Feed market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.