Uploaded on Dec 4, 2019
Global Alfalfa Market anticipated to grow at a CAGR of 5.06% | Alfalfa Industry
Alfalfa Market Growth, Key Players and Forecast 2025
Alfalfa Market Research Report -
Global Forecast till 2025
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2025
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Alfalfa 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 15%–22% 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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Alfalfa Market Research Report- Forecast to 2025
“Taste the market data and market information presented
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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.
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Alfalfa Market Research Report- Forecast to 2025
Global Alfalfa Market, by Region, 2018
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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
aAucgcmesesn Ftu tlhl Re eaplfoarltf a@ m arket demand in the coming years.
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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)
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Alfalfa Market Research Report- Forecast to 2025
Alfalfa Market Segmented on the basis of
By Product Type Equine
Pellets,
Hay Bales,
Cubes By Region
North America,
Europe,
By Livestock Asia-Pacific
Ruminants,
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