(I-BusinessNews.Com, February 12, 2020 ) The global forage analysis market is estimated at USD 515.5 million in 2018 and is projected to reach USD 661.1 million by 2023, at a CAGR of 5.1% during the forecast period. The global forage analysis industry is growing significantly, owing to the rise in demand for high-quality forage and government mandates on feed quality and safety. Forage testing helps to detect the nutritional profile of a product and infer the existing deficiencies or shortcomings in the feed. Testing of forage and animal feed has become one of the important processes related to balanced nutrition and high-quality forage, which helps manufacturers, farmers, and end users. Thus, testing plays a crucial role in analyzing the nutrient content of forage.
The regulations and legislation set by government organizations have triggered the testing, inspection, and certification markets for animal feed. The main objective of these regulations is to ensure that the forage provided to equine, cattle, and other livestock do not have any adverse effects on their health. Thus, the growing awareness about forage safety and livestock health influences the growth of the forage analysis market.
The forage analysis market has been segmented, on the basis of forage type, into ration, silage, and hay. The ration segment is projected to grow at the highest CAGR from 2018 to 2023. Ration is the most frequently used feed for in-house dairy cows and equine. The composition of forage in ration depends upon the type of animals being fed and their stage of production. Moreover, forage analysis tests have increased over the years due to the mandatory analysis of feed quality, such as nutrients & mycotoxins; and safety imposed by various organizations globally.
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Based on livestock, the forage analysis market has been segmented into cattle, equine, and sheep. The cattle segment is projected to grow at the highest CAGR from 2018 to 2023. Feeding animals with nutritious feed helps in the reduction of microbial-related diseases, improves feed consumption efficiency and animal growth, and reduces bloating and coccidiosis. Forage quality has a direct impact on cattle performance. Thus, forage analysis helps farmers to provide forage according to the requirements of the cattle.
Asia Pacific is projected to be the fastest-growing region in the forage analysis market during the review period. The high population of undernourished livestock in the region offers immense potential for forage analysis laboratories and companies.
The key manufacturers in the forage analysis market include SGS (Switzerland), Eurofins Scientific (Luxembourg), Cargill (US), Intertek (UK), and CVAS (US). These companies have diversified product portfolios and advanced technologies for forage analysis at major strategic locations. Other companies include 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), and Massey Feeds (UK).
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