Herbage Global Market Report 2024

Description

“Herbage Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on herbage market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for herbage? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The herbage market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Ingredient: Protein Meals And Cakes; Cereals And Grains; Brans; Additives; Agro-Industrial By-Products
2) By Application: Beef Organic Ruminant; Dairy Organic Ruminant; Calves; Other Applications
3) By End User: Feed; Fodder; Agro-Based; Other End Users
Companies Mentioned: Cargill Incorporated; Kreamer Feeds Inc.; Scratch and Peck Feeds; Country Heritage Feeds; ForFarmers
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Herbage refers to herbaceous vegetation, typically used as food for grazing animals.

The main components of herbage include protein meals and cakes, cereals and grains, brans, additives, and agro-industrial by-products. Protein meals and cakes are high-protein components derived from herbage and serve as valuable sources of protein. These ingredients find applications in various contexts such as feeding beef organic ruminants, dairy organic ruminants, calves, and others. They are utilized in the production of feed, fodder, agro-based products, and more.

The herbage market research report is one of a series of new reports from The Business Research Company that provides herbage market statistics, including the herbage industry global market size, regional shares, competitors with an herbage market share, detailed herbage market segments, market trends, and opportunities, and any further data you may need to thrive in the herbage industry. This herbage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The herbage market size has grown strongly in recent years. It will grow from $8.58 billion in 2023 to $9.34 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The expansion observed in the historical period can be attributed to factors such as historical consumer awareness, cultural and dietary shifts, the historical medicinal use of herbage, historical agricultural practices, and historical research and development efforts in this field.

The herbage market size is expected to see strong growth in the next few years. It will grow to $12.7 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth in the forecast period can be attributed to regulatory developments, a growing demand for herbal supplements, expanding research and development activities, shifting consumer preferences, and the global economic outlook. Key trends expected in the forecast period encompass product innovation, cultural shifts and culinary trends influencing herbage consumption, the introduction of innovative product offerings, and a heightened focus on environmental sustainability within the industry.

The anticipated expansion of the dairy industry is expected to drive the growth of the herbage market in the future. The dairy industry encompasses the production and processing of various milk products at dairy plants or farms. Herbage, in this context, is utilized to provide grazing materials for animals, contributing to higher milk production. As reported by the Food and Agriculture Organization, global milk production reached approximately 928 million metric tons in 2021, reflecting a 1.3% increase compared to the previous year. The continuous growth of the dairy industry is a significant factor propelling the herbage industry.

The increasing demand for organic products is poised to contribute to the growth of the herbage market in the foreseeable future. Organic products are produced without the use of synthetic pesticides, herbicides, fertilizers, or genetically modified organisms, often employing environmentally sustainable practices. The herbage market plays a vital role in meeting the surging demand for organic products by supplying a diverse range of naturally cultivated plants and herbs. This supports sustainable and pesticide-free practices, aligning with consumer preferences for organic alternatives. For example, reports from the United States Department of Agriculture (USDA) in May 2023 revealed that the market for organically produced goods exceeded $67 billion, reflecting sustained growth trends over multiple years. This underscores the robust expansion of the sector in 2022, driven by the increasing demand for organic products.

The growth of the herbage market is further expected to be fueled by the rising adoption of vegan diets. A vegan diet involves abstaining from the consumption of animal products and prioritizing plant-based foods for nutritional sustenance. The herbage market contributes to the growing adoption of vegan diets by offering a diverse array of plant-based options. This supports individuals in their choice to avoid animal products, promoting a sustainable and cruelty-free lifestyle. According to reports from Sentient Media in May 2022, the global vegan food market experienced growth, reaching $15.77 billion in 2021 from $14.44 billion in 2020. Plant-based food sales demonstrated a growth rate three times faster than overall food sales in 2021, indicating a significant surge in demand for plant-based products and driving the growth of the herbage market.

Product innovation emerges as a prominent trend gaining traction in the herbage market. Major companies in the herbage market are actively developing innovative products to maintain their competitive positions. An example is the launch of NURSEED HC by Fyteko, a Belgium-based agricultural technology company, and Cerience, a France-based agronomist seed producer, in July 2022. NURSEED HC is a hydroxycinnamic oligomer found in plant cell walls, applied to forage seeds. This innovative seed treatment is designed to assist with the emergence of stressed seedlings and enhance overall yield, reflecting the industry's commitment to continuous innovation.

In March 2023, Barenbrug UK, a grass-seed breeding firm based in the United Kingdom, successfully completed the acquisition of Watson Seeds for an undisclosed sum. This strategic move is intended to expand Barenbrug's existing market presence and strengthen its position across the United Kingdom, with a particular focus on reinforcing its market share in Scotland. Watson Seeds, is a specialist seed company based in Scotland with expertise in herbaceous seed production.

Major companies operating in the herbage market report are Cargill Incorporated, Kreamer Feeds Inc., Scratch and Peck Feeds, Country Heritage Feeds, ForFarmers, Green Mountain Feeds, Feedex Companies, SunOpta, Ranch-Way Feeds, MEGAMIX LLC, Aus Organic Feeds, Purina Animal Nutrition LLC, Koninklijke DSM N.V., Evonik Industries AG, Alltech, Archer Daniels Midland Company, Badische Anilin- und Sodafabrik, Chr. Hansen Holding A/S, Danisco A/S, DuPont de Nemours Inc., Elanco Animal Health Incorporated, Evialis, Kemin Industries Inc., Novozymes A/S, Nutreco N.V., Provimi Holding B.V., Royal DSM N.V., Trouw Nutrition International B.V., Zoetis Inc., Land O'Lakes Inc., Monsanto Company, S&W Seed Company, Syngenta AG, The Mosaic Company, The Scoular Company, Tyson Foods Inc., Wilbur-Ellis Company, Yara International ASA, Zen-Noh Grain Corporation

Asia-Pacific was the largest region in the herbage market in 2023. The regions covered in the herbage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the herbage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The herbage consists of sales of ryegrass, white clover, red clover, and a mix of plantain. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11789

1. Executive Summary

2. Herbage Market Characteristics

3. Herbage Market Trends And Strategies

4. Herbage Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Herbage Market Size and Growth

5.1. Global Herbage Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Herbage Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Herbage Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Herbage Market Segmentation

6.1. Global Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Protein Meals And Cakes
Cereals And Grains
Brans
Additives
Agro-Industrial By-Products
6.2. Global Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Beef Organic Ruminant
Dairy Organic Ruminant
Calves
Other Applications
6.3. Global Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Feed
Fodder
Agro-Based
Other End Users

7. Herbage Market Regional And Country Analysis

7.1. Global Herbage Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Herbage Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Herbage Market

8.1. Asia-Pacific Herbage Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Herbage Market

9.1. China Herbage Market Overview
9.2. China Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Herbage Market

10.1. India Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Herbage Market

11.1. Japan Herbage Market Overview
11.2. Japan Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Herbage Market

12.1. Australia Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Herbage Market

13.1. Indonesia Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Herbage Market

14.1. South Korea Herbage Market Overview
14.2. South Korea Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Herbage Market

15.1. Western Europe Herbage Market Overview
15.2. Western Europe Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Herbage Market

16.1. UK Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Herbage Market

17.1. Germany Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Herbage Market

18.1. France Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Herbage Market

19.1. Italy Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Herbage Market

20.1. Spain Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Herbage Market

21.1. Eastern Europe Herbage Market Overview
21.2. Eastern Europe Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Herbage Market

22.1. Russia Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Herbage Market

23.1. North America Herbage Market Overview
23.2. North America Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Herbage Market

24.1. USA Herbage Market Overview
24.2. USA Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Herbage Market

25.1. Canada Herbage Market Overview
25.2. Canada Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Herbage Market

26.1. South America Herbage Market Overview
26.2. South America Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Herbage Market

27.1. Brazil Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Herbage Market

28.1. Middle East Herbage Market Overview
28.2. Middle East Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Herbage Market

29.1. Africa Herbage Market Overview
29.2. Africa Herbage Market, Segmentation By Ingredient, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Herbage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Herbage Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Herbage Market Competitive Landscape And Company Profiles

30.1. Herbage Market Competitive Landscape
30.2. Herbage Market Company Profiles
- 30.2.1. Cargill Incorporated
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Kreamer Feeds Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Scratch and Peck Feeds
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Country Heritage Feeds
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. ForFarmers
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Herbage Market Competitive Benchmarking

32. Global Herbage Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Herbage Market

34. Herbage Market Future Outlook and Potential Analysis

34.1 Herbage Market In 2028 - Countries Offering Most New Opportunities
34.2 Herbage Market In 2028 - Segments Offering Most New Opportunities
34.3 Herbage Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer