The Global Alfalfa Hay Market size is expected to reach USD 8.4 billion by 2028. Increasing demand for animal feed and growing dairy cattle population in developing countries are some of the factors driving the growth of the market. However, high prices of raw materials such as hay will adversely affect the market during the forecast period.
Alfalfa hay is a type of grass. It consists of the dried leaves and stems harvested from alfalfa plants, which are members of the pea family Fabaceae. Alfalfa stands as one of the finest sources to provide protein, calcium, and vitamins A, C, E along with other micronutrients required by livestock.
On the basis of Types, the market is segmented into Alfalfa Hay Bales, Alfalfa Hay Pellets, Alfalfa Hay Cubes, and others. The other type of hay includes grass hays like timothy hay which are also used as forage in the form of hay cubes.
Alfalfa Hay Bales are the type of hay that is in bale form. These bales can be purchased by farmers, ranchers at a relatively low price. Alfalfa is one of the most common types of hay available worldwide due to its nutritional value for animals.
Alfalfa Hay Pellets are dried pellets with up to 95% dry matter content that retain nutrients well even under refrigeration or freezing conditions because they contain little water after processing into the pellet form.
Alfalfa Hay Cubes are a type of hay that is made by compressing and cutting alfalfa into cubes. The cubes have no additives, preservatives, or chemical treatments. They’re usually eaten as part of the feed for dairy cattle, beef cattle, and sheep.
On the basis of Application, the market is segmented into Dairy Cow Feed, Beef Cattle & Sheep Feed, and Pig Feed. Alfalfa hay is a flowering plant species in the genus Medicago of the family Fabaceae cultivated as an important forage crop. Alfalfa hay can be used to feed dairy cows, beef cattle, and sheep. It contains adequate levels of protein (20-25%), calcium (13-15%), and phosphorus (0.45%). In addition, it also provides a good amount of vitamins A and E along with thiamin, riboflavin, niacin, and pyridoxine which are required by ruminants on daily basis to maintain their health in a proper way while producing milk & meat products from them.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2018, APAC accounted for more than half the share in the global alfalfa hay market on account of the growing dairy industry along with expanding beef cattle population especially in China which is expected to drive demand during the forecast period as well.
The Middle East & Africa followed by the Latin American region are also anticipated to witness a significant growth rate between 2021 and 2028 owing to a strong presence of local meat processing industries using imported alfalfa hay from various regions around the globe.
Up Market Research published a new report titled “Alfalfa Hay Sales Market research report which is segmented by Types (Alfalfa Hay Bales, Alfalfa Hay Pellets, Alfalfa Hay Cubes, Others), By Applications (Dairy Cow Feed, Beef Cattle & Sheep Feed, Pig Feed, Poultry Feed, Others), By Players/Companies Anderson Hay, ACX Global, Bailey Farms, Aldahra Fagavi, Grupo OsÃ©s, 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”.
|Report Attributes||Report Details|
|Report Title||Alfalfa Hay Sales Market Research Report|
|By Type||Alfalfa Hay Bales, Alfalfa Hay Pellets, Alfalfa Hay Cubes, Others|
|By Application||Dairy Cow Feed, Beef Cattle & Sheep Feed, Pig Feed, Poultry Feed, Others|
|By Companies||Anderson Hay, ACX Global, Bailey Farms, Aldahra Fagavi, Grupo OsÃ©s, 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|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||209|
|Number of Tables & Figures||147|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Alfalfa Hay Bales, Alfalfa Hay Pellets, Alfalfa Hay Cubes, Others and By Application Dairy Cow Feed, Beef Cattle & Sheep Feed, Pig Feed, Poultry Feed, Others.
Some of the companies that are profiled in this report are:
Alfalfa Hay Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Alfalfa Hay Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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