Category

Forage Analysis Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Target (Dry Matter, Fiber, Crude Protein, Others), By Method (Wet Chemistry, NIR (Near-Infrared Reflectance)), By Livestock (Cattle, Sheep, Equine), And Geography - Forecasts From 2019 To 2024

Published: Jun 2021 | Report Code:  KSI061612290 | Pages:  105

Forage analysis market is projected to grow at a CAGR of 6% to reach US$600.066 million by 2024, from US$422.915 million in 2018. Forage analysis is a study to determine the content, quality, and suitability of forage given to the livestock. The rising demand for high-quality forage is the major driver of the forage analysis market. Growing global demand for livestock products has boosted the demand for high-quality forage which is positively impacting the growth of the forage analysis market. Strict regulations regarding feed analysis and its quality are also supporting the growth of the forage analysis market. However, factors such as lack of awareness among farmers and forage manufacturers and lack of proper infrastructure are restraining the growth of the forage analysis market. 

This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases, and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Forage Analysis value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the Forage Analysis market.

Major industry players profiled as part of the report are Cargill, Incorporated, SGS SA, Dodson & Horrell, Eurofins Scientific, and Dairyland Laboratories Inc. among others.

Forage Analysis Market Scope:

Report Metric Details
 Market size value in 2018  US$422.915 million
 Market size value in 2024  US$600.066 million
 Growth Rate  CAGR of 6% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Million
 Segments covered  Target, Method, Livestock, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Cargill, Incorporated, SGS SA, Dodson & Horrell, Eurofins Scientific, Dairyland   Laboratories Inc., Massey Feeds, DAIRY ONE, Sciantec Analytical, CVAS, Inc., Servi-   Tech, Inc.
 Customization scope  Free report customization with purchase

Segmentation

The Forage Analysis market has been analyzed through the following segments:

By Target

Dry Matter

Fiber

Crude Protein

Others

 

By Method

Wet Chemistry

NIR (Near-Infrared Reflectance)

 

By Livestock

Cattle

Sheep

Equine

 

By Geography

North America

USA

Canada

Others

 

South America

Brazil

Others

 

Europe

United Kingdom

Germany

France

Others

 

Middle East and Africa

 

Asia Pacific

China

Others


Frequently Asked Questions (FAQs)

Q1. What will be the forage analysis market size by 2024?
A1. The forage analysis market is projected to reach a total market size of US$600.066 million by 2024.


Q2. What is the size of global forage analysis market?
A2. Forage Analysis market was valued at US$422.915 million in 2018.


Q3. What are the growth prospects for the forage analysis market?
A3. The global forage analysis market is projected to grow at a CAGR of 6.0% during the forecast period.


Q4. What factors are anticipated to drive the forage analysis market growth?
A4. Rising demand for high-quality forage is the major driver of forage analysis market.


Q5. Who are the major players in the forage analysis market?
A5. Major industry players profiled as part of the forage analysis market report are Cargill, Incorporated, SGS SA, Dodson & Horrell, Eurofins Scientific, and Dairyland Laboratories Inc. among others.

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