Forage Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Albany, NY -- (SBWIRE) -- 06/08/2015 -- A recently published research report by Transparency Market Report (TMR) based on the global forage feed market projects the market to show a healthy rise at a CAGR of 11.4% from 2013 to 2019 and be worth US$162.87 billion by the end of the forecast period. In terms of volume, the global forage feed market will grow at a CAGR of 9.2% over the same period.The study, titled "Forage Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", reports that the global forage feed market was worth US$85.06 billion in 2013.
Browse the full Forage Feed Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/forage-feed-market.html
The report discusses various aspects of the global forage feed market such as driving forces, restraints, and opportunities the market offers, in detail. The ever-increasing demand for livestock products such as milk, meat, and other animal products across the globe is driving the global forage feed market to a significant extent. However, the high cost of forage feed is compelling customers to depend upon cheaper substitutes, restricting the growth of this market.The global market for forage feed is analyzed on the basis of the types of products, types of livestock, and the regional distribution of the market. Based on product types, the market for stored forage dominated the overall market with a 41.51% share in 2013. Over the forecast period, the stored forage market is expected to decline slightly on account of the rising awareness pertaining to animal health. The market for other forage feed types excluding stored and fresh forages accounted for almost 20% of the overall forage feed market.
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By livestock, the market for poultry led the global forage feed industry, occupying 33.1% of the market in 2013. The pork/swine market stood second, generating around 29% of total revenue produced in the global market. The cattle market showed a sluggish growth in 2013, but during the forecast period, it is likely to register impressive growth owing to rising awareness in consumers about the utility of numerous cattle products such as dairy, meat, and leather.Geographically, the report segments the global forage feed market is distributed among the markets in North America, Europe, Asia Pacific, and the Rest of the World. In 2013, the market in Asia Pacific held over 30% of the overall market in terms of production volume. This regional market is likely to maintain its leading position between 2013 and 2019. The forage feed market in Europe occupied the second position, holding almost 30% of the global forage feed market in 2013.
Major participants of the global forage feed market profiled in this report are Triple Crown Nutrition, Inc., Cargill, Inc., Standlee Hay Co., Inc., Baileys Horse Feeds, The Pure Feed Co. Ltd., Semican, Inc., J. Grennan and Sons, ADM Alliance Nutrition, Inc., BASFSE, Chaffhaye, Inc., NWF Agriculture Ltd., and Brett Young Seeds.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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