Herbage Market Valued to Reach USD $13.81 Billion by 2029 at 8.1% CAGR

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What Is the Current Market Size and Growth Rate of the Herbage Market?
The herbage market size has grown strongly in recent years. It will grow from $9.34 billion in 2024 to $10.13 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to historical consumer awareness, cultural and dietary shifts, historical medicinal use, historical agricultural practices, historical research and development.

The herbage market size is expected to see strong growth in the next few years. It will grow to $13.81 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to regulatory developments, growing herbal supplements demand, expanding research and development, shifting consumer preferences, and global economic outlook. Major trends in the forecast period include product innovation, cultural shifts and culinary trends, innovative product offerings, and environmental sustainability focus.

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What Are the Major Factors Fueling Growth in the Herbage Market?
The growing dairy industry is expected to propel the growth of the herbage market going forward. The dairy industry refers to the production and processing of all milk products at dairy plants or dairy farms. In dairy industries, herbage is used to provide materials for grazing animals for higher milk production. For instance, in October 2024, according to the Department for Environment, Food & Rural Affairs, a UK-based government agency, reported that UK dairies processed 1,143 million litres of milk in August 2024. Therefore, the growing dairy industry will drive the herbage industry.

How Is the Herbage Market Divided by Type and Application?
The herbagemarket 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

What Are the Top Trends Expected to Shape the Herbage Market by 2029?
Product innovation is a key trend gaining popularity in the herbage market. Major companies operating in the herbage market are developing innovative products to sustain their position in the herbage market. For instance, in July 2022, Fyteko, a Belgium-based agricultural technology company, and Cerience, a France-based agronomist seed producer, launched NURSEED HC, a hydroxycinnamic oligomer, found in plant cell walls applied to forage seeds. The innovative seed treatment can help with the emergence of stressed seedlings and can also provide a good yield.

Which Are the Top Companies 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

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Growth, Industry Share And Analysis 2034

Which Regions Are Driving the Most Demand in 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

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