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.

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.

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The forage analysis market has been segmented, on the basis of forage type, into the ration, silage, and hay. The ration segment is projected to grow at CAGR from 2018 to 2023. The 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.

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 help in the reduction of microbial-related diseases improve feed consumption efficiency and animal growth and reduce 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.

The 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.

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