Global Alfalfa Market Growth, Share, Size and Forecast 2027

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Global Alfalfa Market Growth, Share, Size and Forecast 2027

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 the animal feed which contains high protein and digestible fiber content. They mainly used for feeding dairy cows, horses, cattle, sheep and goats.

In terms of regional analysis, North America, particularly 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 best quality alfalfa products. China imports around more than 50 per cent of alfalfa products exported by United States owing to the increasing number of dairy and cattle farming in the country.

Some of the key companies operating in global alfalfa market are 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.

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Objective of the Study:

To outline, classify and estimate the global alfalfa market on the basis of product type, application and regional distribution.
To study and forecast the global market size of the alfalfa, in terms of value and volume.
To project the size of 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 alfalfa market, the global alfalfa market is segmented in 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 the 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, 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.

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 global alfalfa market using a bottom-up approach, where manufacturers’ value sales data for standard types of alfalfa were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated through analyzing 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 the 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 policy makers
Industry associations
Market research and consulting firm.

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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 policy makers. which market segments should be targeted over the coming years in order to strategize investments and capitalize on the growth of the market segment.

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: