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 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.

Some of the key companies operating in the global alfalfa market

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., among others.

The objective of the Study:

To outline, classify and estimate the global alfalfa market based on product type, application, and regional distribution.
To study and forecast the global market size of alfalfa, in terms of value and volume.
To project the size of the alfalfa market, in terms of value and volume, with respect to key forms such as Hay and Pellet.
To understand the regional market structure of the alfalfa market, the global alfalfa market is segmented into five regions, namely – Asia-Pacific, North America, Europe, Middle East & Africa, and South America, and forecast the market size, in terms of value and volume.
To identify detailed information about the prime factors affecting the global alfalfa market.

To evaluate competitor pricing, average market selling prices, and margins in the global alfalfa market.
To examine competitive developments such as expansions, government policy and investments, and new entrants in the global alfalfa market.
To strategically profile the leading players in the market which are involved in the manufacturing and supply of alfalfa worldwide.

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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.

Key Target Audience:

Alfalfa manufacturers and suppliers
Research organizations and consulting companies
Trade Associations, organizations, forums, and alliances related to alfalfa
Government bodies such as regulating authorities and policymakers
Industry associations

Market research and consulting firm

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 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)

Report Scope:

In this report, the alfalfa has been segmented into the following categories in addition to the industry trends which have also been detailed below:

Global Alfalfa Market, By Product Type:
- Bales
- Pellets
- Cubes
Global Alfalfa Market, By Application:
- Dairy Cow Feed
- Cattle and Sheep Feed
- Pig Feed
- Horse Feed
- Poultry Feed
- Others
Global Alfalfa Market, By Geography:
- Asia-Pacific
  - China
  - India
  - Japan
  - South Korea
  - Australia
- North America
  - United States
  - Canada
  - Mexico
- Europe
  - Germany
  - U.K.
  - France
  - Italy
  - Spain
- Middle East & Africa
  - Saudi Arabia
  - UAE
  - South Africa
- South America
  - Brazil
  - Colombia
  - Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global alfalfa market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

Profit margin analysis in the case of the direct and indirect sales channels.

Global Alfalfa Market Projections Show Impressive Cagr for 2027