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Herbage Market Growth Analysis: How Will Revenue Expand During The Forecast Period?
The herbage market has seen robust expansion in recent years. It is anticipated to expand from $10.13 billion in 2025 to $10.91 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 7.7%. This historical growth can be attributed to the growth of livestock farming activities, increasing demand for dairy and meat products, dependence on traditional grazing practices, the availability of agro-industrial by-products, and the development of organized animal husbandry.
The herbage market size is projected to experience robust growth in the coming years. Its value is forecast to reach $15.08 billion by 2030, showing a compound annual growth rate (CAGR) of 8.4%. This anticipated growth is driven by a heightened emphasis on optimized animal nutrition, a surging demand for high-yield livestock feed, the expansion of sustainable grazing practices, a wider adoption of fortified feed formulations, and improved integration of feed quality monitoring. Key trends for this forecast period encompass the increasing acceptance of nutrient-enriched animal feed blends, a rising need for high-protein forage inputs, the growing application of functional feed additives, expanded utilization of agro-industrial by-products, and a stronger focus on the efficiency of livestock nutrition.
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Herbage Market Growth Drivers: What Factors Are Accelerating Expansion?
The expanding dairy industry is projected to drive the herbage market’s growth. This industry, which includes the production and processing of all milk products at dairy farms or plants, relies on herbage to feed grazing animals, thereby contributing to higher milk production. As an example, the Department for Environment, Food & Rural Affairs, a UK government agency, reported in October 2024 that UK dairies processed 1,143 million litres of milk in August 2024. This demonstrates how the growth of the dairy industry will consequently boost the herbage market. The rising adoption of vegan diets is expected to propel the growth of the herbage market going forward. Opting for a vegan diet means abstaining from animal product consumption and focusing on plant-based foods for nutritional needs. The herbage market contributes to this trend by offering a wide range of plant-based options, supporting individuals in their choice to avoid animal products and promoting a sustainable, cruelty-free lifestyle. For instance, a survey by Finder.com LLC, a US-based personal finance comparison site, indicated in January 2024 that there were 2.5 million vegans in early 2024, marking an increase from 1.1 million in 2023. Therefore, the growing preference for vegan diets is stimulating the herbage market’s expansion.
Herbage Market Segmentation Trends And Revenue Drivers
The herbage market covered in this report is segmented –
1) By Herbage Type: Grasses, Legumes, Mixed Herbage, Other Herbage Types
2) By Form: Fresh Grazing Herbage, Hay, Silage, Dried Herbage
3) By Application: Beef Cattle, Dairy Cattle, Sheep, Goats, Other Ruminants
4) By Production System: Organic, Conventional
5) By End User: Livestock Farms, Dairy Farms, Pasture-Based Animal Operations, Other End Users
Subsegments:
1) By Grasses: Ryegrass, Bermuda Grass, Fescue, Timothy Grass, Orchard Grass, Brome Grass
2) By Legumes: Alfalfa, Clover, Vetch, Lucerne, Trefoil
3) By Mixed Herbage: Grass–Legume Mixtures, Permanent Pasture Mixes, Seasonal Forage Mixes, Multi-Species Pasture Blends
4) By Other Herbage Types: Forage Herbs (Chicory, Plantain), Native Pasture Species, Natural Meadow Herbage, Regrowth and Volunteer Herbage
#Herbage Market Industry Leaders: Which Organizations Are Driving Competition?
Major companies operating in the herbage market are Barenbrug Group, DLF Seeds A/S, S&W Seed Company, Advanta Seeds, RAGT Semences, PGG Wrightson Seeds, Germinal Group, KWS SAAT SE & Co. KGaA, Corteva Agriscience, Syngenta AG, Limagrain Group, Royal Barenbrug Group, Ampac Seed Company, Mountain View Seeds, Seed Force New Zealand, Heritage Seeds, Seedmark, Jacklin Seed Company, Sharp Bros Seed, Agricom
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Herbage Market Geographic Landscape: Which Region Dominates Industry Growth?
Asia-Pacific was the largest region in the herbage market in 2025. The regions covered in the herbage market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.