Alfalfa Hay Market Research Report 2022: Trends, Demand, Size Share and Forecast by 2027

Alfalfa Hay Market

According to IMARC Group latest report titled “Alfalfa Hay Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on Alfalfa Hay industry share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global alfalfa hay market reached a volume of 244.15 Million Metric Tons in 2021. Looking forward, IMARC Group expects the market to reach 339.37 Million Metric Tons by 2027, exhibiting at a CAGR of 5.4% during 2022-2027.

Alfalfa hay refers to animal fodder obtained from the alfalfa plant. It is widely used to feed livestock as it is rich in protein, energy, minerals, vitamins, calcium and fiber. It has a higher nutrient content than grass hay and is widely available in the form of pellets, cubes and bales. Nowadays, alfalfa hay also finds applications in manufacturing animal nutritional supplements to promote proper growth and boost the immune system.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The global alfalfa hay market is primarily driven by the growing consciousness regarding animal nutrition, and the escalating demand for high-quality dairy and meat products. Additionally, the increasing inclination toward commercial feed and hay produced using non-genetically modified organisms (non-GMO) crops has catalyzed the market growth. Furthermore, several leading players are offering long-fiber hay products with improved fiber content, which has augmented the product demand. Other factors, including the rising demand for high-value animal protein and ongoing research and development (R&D) activities in the animal husbandry field, are also anticipated to propel the market growth.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • Al Dahra ACX Inc.
  • Alfalfa Monegros
  • Anderson Hay & Grain Co Inc.
  • Bailey Farms International
  • Green Prairie International Inc.
  • Hay USA Inc.
  • Oxbow Animal Health
  • Riverina (Mitsubishi Corporation)
  • Sacate Pellet Mills Inc.
  • SL Follen Company
  • Standlee Premium Products LLC
  • Zille S.A

Alfalfa Hay Market Segmentation:

Our report has categorized the market based on region, type, application and end use industry.

Breakup by Type:

  • Bales
  • Pellets
  • Cubes

Breakup by Application:

  • Daily Animal Feed
  • Poultry Feed
  • Horse Feed
  • Others

Breakup by End User:

  • Poultry
  • Cattle
  • Livestock
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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