Global Alfalfa Market Analysis, Opportunity, Demand, Share, Size & Forecast
The global alfalfa market is expected to witness significant growth during the forecast period on account of increasing demand for forage and roughage from the animal husbandry industries such as dairy, poultry, etc. In addition to this, the growth in the global alfalfa market can be attributed to the shrinking or limited land availability for grazing animals. The increasing consumption of meat, poultry, and dairy products by the growing population is driving the demand for alfalfa as it is a highly proteinaceous and digestible fiber-rich content animal feed.
Alfalfa is a legume hay and is sometimes also called “lucerne”. It is a type of livestock forage for animal feed that contains high protein and digestible fiber content. They are mainly used for feeding dairy cows, horses, cattle, sheep, and goats.
In terms of regional analysis, North America, particularly the United States is the largest producer as well as exporter of alfalfa owing to the country’s excellent geographical conditions. The country is known for producing the best quality alfalfa products. China imports around more than 50 percent of alfalfa products exported by the United States owing to the increasing number of dairy and cattle farming in the country.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading alfalfa manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products, and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the forms, applications, distribution network, and regional presence of all major alfalfa manufacturers across the globe.
TechSci Research calculated the market size for the global alfalfa market using a bottom-up approach, where manufacturers’ value sales data for standard types of alfalfa were recorded and forecasted for future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary sources directories, databases, company annual reports, white papers, investor presentations, and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as alfalfa manufacturers, distributors and dealers, customers, and policymakers. which market segments should be targeted over the coming years in order to strategize investments and capitalize on the growth of the market segment.
Attribute | Details |
Base Year | 2021 |
Historical Years | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Product Type · Application |
Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
Country Scope | United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
Key Companies Profiled | Alfalfa Monegros SL, Riverina (Australia) Pty, Mc Cracken Hay Company, Cubeit Hay Company, M&C Hay, Standlee Hay Company, Anderson Hay & Grain Inc., Haykingdom Inc., Al Dahra ACX Global, Inc. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
In this report, the alfalfa has been segmented into the following categories in addition to the industry trends which have also been detailed below:
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