How Has the Herbage Market Evolved Historically and What is its Current Size?
The herbage market has seen considerable growth due to a variety of factors.
•The market size for herbage has shown considerable growth over recent years. It's expected to increase from $9.34 billion in 2024 to $10.16 billion in 2025, marking a compound annual growth rate (CAGR) of 8.7%.
Factors such as increased consumer awareness, cultural and dietary transitions, traditional medicinal usage, conventional agricultural methodologies, and past research and development efforts have all contributed to the growth in the past era.
What is the Forecasted Market Size and CAGR for the Herbage Market?
The herbage market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the herbage market is projected to experience significant growth, reaching a market size of "$13.82 billion by 2029 with a compound annual growth rate (CAGR) of 8.0%.
Factors contributing to the predicted growth over the forecast period include legislative changes, an increase in demand for herbal supplements, advancements in research and development, changes in consumer preferences, and the worldwide economic climate. Key trends anticipated during this period encompass product innovation, evolving cultural and culinary inclinations, the introduction of novel products, and an intensified emphasis on environmental sustainability.
What Are The Primary Growth Drivers In The Herbage Market?
The expansion of the herbage market is likely to be fueled by the escalating dairy industry. The dairy sector deals with the generation and processing of all dairy products either on dairy farms or plants. Dairy industries utilize herbage to supply grazing materials to animals for an increased milk output. For instance, the Department for Environment, Food & Rural Affairs, a governmental agency based in the UK, reported that UK dairies processed 1,143 million litres of milk in August 2024. Hence, the escalating dairy sector is expected to boost the herbage sector.
What Is The Segmentation Of The Global Herbage Market?
The herbage market covered in this report is segmented –
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
Subsegments:
1) By Protein Meals And Cakes: Soybean Meal, Sunflower Seed Meal, Canola Meal, Cottonseed Meal
2) By Cereals And Grains: Corn, Barley, Wheat, Oats
3) By Brans: Wheat Bran, Rice Bran, Corn Bran, Barley Bran
4) By Additives: Vitamins, Minerals, Enzymes, Probiotics
5) By Agro-Industrial By-Products: Molasses, Distillers Grains, Brewery By-Products, Sugarcane Bagasse
Pre-Book The Herbage Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Emerging Trends Are Shaping The Herbage Market Landscape?
The emergence of product innovation in the herbage market is a trend that is rapidly gaining traction. To maintain their relevance and competitiveness in the herbage market, key players are focused on the creation of cutting-edge products. For instance, Fyteko, an agricultural technology entity from Belgium, and Cerience, a seed producing agronomist establishment from France, unveiled NURSEED HC, a hydroxycinnamic oligomer discovered in plant cell walls and used on forage seeds, in July 2022. This ingenious seed treatment solution has the potential to aid the growth of stressed seedlings and also yield favourable results.
Who Are the Key Players in the Herbage Market?
Major companies operating in the herbage market include:
• 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
• Chr. Hansen Holding 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.
• S&W Seed Company
• Syngenta AG
• The Scoular Company
• Tyson Foods Inc.
• Wilbur-Ellis Company
• Yara International ASA
• Zen-Noh Grain Corporation
What are the Regional Insights into the Herbage Market?
Asia-Pacific was the largest region in the herbage market in 2024. The regions covered in the herbage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
