Global Alfalfa Hay Market Growth 2023-2029

Global Alfalfa Hay Market Growth 2023-2029

Product Code:458487

Published Date: Feb 08,2023

Pages: 125

Region: Global

Category: Agriculture

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Alfalfa hay is an excellent source of good quality protein and fiber. Alfalfa is a legume hay and is sometimes called “lucerne”. These hays are higher in protein and minerals and are more palatable than grass hays. Alfalfa in particular is high in energy and is an excellent source of vitamins and minerals. When properly cured, alfalfa is the best of the legume hays from a nutrient standpoint. It has the most feed value of all the perennial pasture forages. Alfalfa is used as for horses, dairy cows, beef cattle, sheep, chickens, turkeys and other farm animals.

LPI (LP Information)' newest research report, the “Alfalfa Hay Industry Forecast” looks at past sales and reviews total world Alfalfa Hay sales in 2022, providing a comprehensive analysis by region and market sector of projected Alfalfa Hay sales for 2023 through 2029. With Alfalfa Hay sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Alfalfa Hay industry.

This Insight Report provides a comprehensive analysis of the global Alfalfa Hay landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Alfalfa Hay portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Alfalfa Hay market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Alfalfa Hay and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Alfalfa Hay.

The global Alfalfa Hay market size is projected to grow from US$ 29220 million in 2022 to US$ 35450 million in 2029; it is expected to grow at a CAGR of 35450 from 2023 to 2029.

Global Alfalfa Hay key players include Anderson Hay, ACX Global, Bailey Farms, Grupo Osés, Aldahra Fagavi, etc. Global top five manufacturers hold a share about 3%. North America is the largest market, with a share about 60%, followed by Europe and South America, both with a share about 15 percent. In terms of product, Alfalfa Hay Bales is the largest segment, with a share about 55%. And in terms of application, the largest application is Dairy Cow Feed, followed by Beef Cattle & Sheep Feed, Pig Feed, Poultry Feed, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Alfalfa Hay market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Alfalfa Hay Bales
    Alfalfa Hay Pellets
    Alfalfa Hay Cubes
    Others

Segmentation by application
    Dairy Cow Feed
    Beef Cattle & Sheep Feed
    Pig Feed
    Poultry Feed
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Anderson Hay
    ACX Global
    Bailey Farms
    Aldahra Fagavi
    Grupo Osés
    Gruppo Carli
    Border Valley Trading
    Barr-Ag
    Alfa Tec
    Standlee Hay
    Sacate Pellet Mills
    Oxbow Animal Health
    M&C Hay
    Accomazzo
    Huishan Diary
    Qiushi Grass Industry
    Beijing HDR Trading
    Beijing Lvtianyuan Ecological Farm
    Modern Grassland
    Inner Mongolia Dachen Agriculture
    Inner Mongolia HuangYangwa Grass Industry

Key Questions Addressed in this Report
What is the 10-year outlook for the global Alfalfa Hay market?
What factors are driving Alfalfa Hay market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Alfalfa Hay market opportunities vary by end market size?
How does Alfalfa Hay break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?