Title: Alfalfa market growth, key players and forecast 2025
1Alfalfa Market Research Report - Global Forecast
till 2025
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2025
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2Alfalfa Market Research Report- Forecast to 2025
Alfalfa Market 2019 Industry Survey, Growth,
Competitive Landscape and Forecasts to 2025
Alfalfa Market is projected to be valued at USD
39.71 Billion by 2025, registering a CAGR of
5.06 during the forecast period. Alfalfa is
considered a nutrient-rich feed for cattle,
horses, goats, sheep, and other animals. It
contains 1522 crude protein and is an
excellent source of vitamins and minerals. It
provides energy and boosts the immunity of
livestock. The increasing demand for meat and
dairy products worldwide has created the need for
high-quality feed to enhance the quality and
production of animal products. Alfalfa is a
proteinaceous and fiber-rich feed for animals
that helps in improving the quality of milk and
meat.
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3 Alfalfa Market Research Report- Forecast
to 2025
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Alfalfa Market
Research Report - Global Forecast 2025
Thus, dairy and livestock farmers are the main
buyers of alfalfa. It is also used as horse feed
and is in high demand in the equestrian industry.
Pellets, cubes, and hay bales are the common
alfalfa product types available in the market.
However, the high cost of production as compared
to other forage crops and the need for large
amounts of water for irrigation may hinder the
alfalfa market growth. Nonetheless, the growing
demand in the Middle East in countries such as
Saudi Arabia and the UAE, where the production of
forage crops is banned due to water scarcity,
provides lucrative opportunities for the alfalfa
market players.
4 Alfalfa Market Research Report- Forecast to 2025
Global Alfalfa Market, by Region, 2018
5 Alfalfa Market Research Report- Forecast to 2025
Growth Opportunities in the Market
Increasing demand for alfalfa in the form of
pellets Alfalfa pellets are highly nutritious as
they a good source of digestible fiber, protein,
vitamins, and minerals. Pellets are also
convenient and cost-effective as compared to hay
bales and cubes, resulting in high demand by
dairy and livestock farmers. The pellets segment
is, therefore, expected to be the fastest-growing
during the review period. High consumption by
ruminant readers The ruminant segment dominated
the global alfalfa market in 2018 and it is
expected to register the highest CAGR during the
forecast period. The demand for meat, milk, and
other dairy products is increasing rapidly across
the globe. Thus, dairy and livestock farmers are
focused on high yield from ruminants by
increasing the use of high-quality fodder.
Moreover, the introduction of advanced products
such as dehydrated and organic alfalfa fodder for
cattle is likely to augment the alfalfa market
demand in the coming years.
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6 Alfalfa Market Research Report- Forecast to 2025
Application Major Players in this Research
- Alfalfa Market Prominent Players
- Grupo Osés (Spain)
- Al Dahra ACX Global, Inc. (US)
- Alfalfa Monegros, S.L. (Spain)
- Anderson Hay Grain Inc. (US)
- Bailey Farms (US)
- Border Valley (US)
- Cubeit Hay Company (Spain)
7 Alfalfa Market Research Report- Forecast to 2025
Alfalfa Market Segmented on the basis of
- By Product Type
- Pellets,
- Hay Bales,
- Cubes
- By Livestock
- Ruminants,
- Equine
- By Region
- North America,
- Europe,
- Asia-Pacific
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