London, 09 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Forage Feed Market 2014-2018, which is expected to grow at a CAGR of 11.31 percent during 2013-2018.
Forage feed includes supplements, such as silage of legumes, grass, and hay, or harvested crops, used to provide nutrition to livestock such as swine, cattle, horse, poultry, and sheep. It provides nutrition to animals as it has high fiber content. Forage crops also help in soil conservation. Forage feed can be segmented by product type as Fresh Forage, Stored Forage, and Others.
“The availability of better products in the market is driving the demand for organic meat, thus increasing the demand for forage feed composed of essential nutrients providing maximum benefit,” says Faisal Ghaus, Vice President of TechNavio.
“Moreover, research is being carried out to design the composition of ingredients in forage feed to provide maximum nutritional benefit to the animals.”
Key Market Drivers
- Rise in Global Meat Consumption
- Increase in Farm Animal Population
- Health Benefits of Forage Feed
Key Market Trends
- Demand for Organic Meat
- New Product Innovations
- Advances in Technology
Key Market Vendors
- ADM Alliance Nutrition Inc.
- Semican Inc.
- Standlee Hay Co. Inc.
- The Pure Feed Co. Ltd.
- Triple Crown Nutrition Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
