Forage Analysis Market to Grow at 5.1% CAGR to 2023

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The Global Forage Analysis Market is estimated at US$ 515.5 Million in 2018 and is projected to reach US$ 661.1 Million by 2023, at a CAGR of 5.1% during the forecast period.

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Most Popular Companies in the Forage Analysis Market:

  • SGS (Switzerland)
  • Eurofins Scientific (Luxembourg)
  • Intertek (UK)
  • Cargill (US)
  • CVAS (US)
  • RJ Hill Laboratories (New Zealand)
  • Dodson &Horrell (UK)
  • Cawood Scientific (UK)
  • Servi-Tech (US)
  • DairyLand Laboratories (US)
  • Dairy One (US)
  • Minnesota Valley Testing Laboratories (US)
  • Massey Feeds (UK)

Globally, forage analysis is used to identify forage quality, composition, ingredients, and suitability as per the livestock. The rise in awareness regarding meat safety and the increase in demand for better-quality forage have been driving the demand for forage analysis. Additionally, the government feed safety mandates are stimulating the growth of this market.

“The Ration segment, by forage type, is projected to grow at the highest CAGR during the forecast period.

The Composition of forage in a ration depends upon the type of animals being fed and their stage of production. A healthy ration should be highly rich in proteins, minerals, vitamins, carbohydrates, and fat. Therefore, it is important to analyze the nutrient level of the ration; as it helps to enhance animal production in order to obtain quality end-use products such as milk, meat, and leather.

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