Global Alfalfa Market Research Future (MRFR)Report: Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027

 Market Forecast

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 Alfalfa Market 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. 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.

Key Players of Alfalfa Market

Ø  Grupo Osés (Spain)

Ø  Al Dahra ACX Global, Inc. (US)

Ø  Alfalfa Monegros, S.L. (Spain)

Ø  Anderson Hay & Grain Inc. (US)

Ø  Bailey Farms (US)

Ø  Border Valley (US)

Ø  Cubeit Hay Company (Spain)

Ø  Green Prairie International (Canada)

Ø  Carli Group (Italy)

Ø  Hay USA Inc. (US)

Ø  Haykingdom Inc. (US)

Ø  M&C Hay (US)

Ø  McCracken Hay Company (US)

Ø  SL Follen Company (US)

Ø  Standlee Hay Co Ltd. (US)

 

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 rearers: 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.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/alfalfa-market-8508

 

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with the technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Bamboo Toothbrush Market: Surging to USD 1.37 Billion with 8% CAGR (2023-2030)

  Market Overview Bamboo toothbrushes are a sustainable and eco-friendly alternative to traditional plastic toothbrushes. They are made from bamboo, a renewable resource that is biodegradable and compostable. Bamboo toothbrushes are also durable and effective at cleaning teeth, making them a good choice for people who are looking for a sustainable and effective way to brush their teeth. The global bamboo toothbrush market is expected to grow at a compound annual growth rate (CAGR) of 10% from 2023 to 2030. This growth is being driven by a number of factors, including the growing awareness of the environmental impact of plastic toothbrushes, the increasing demand for sustainable products, and the rising disposable incomes of consumers in developing countries. Get a Sample PDF Brochure: https://www.marketresearchfuture.com/sample_request/8182 Market Drivers The following are some of the key drivers of the growth of the bamboo toothbrush market: Growing awareness of the environmental...
Read more

Organic Tissue Paper Market Size, Competitors Strategy, Regional Analysis and Growth by Forecast to 2028

  Market Forecast: Globally the Organic Tissue Paper Market Industry is estimated to escalate at a higher growth rate which is supported by increasing demand of naturally biodegradable personal care products. Rising application of organic tissue paper for facial application is supporting the market growth. Availability of different product type and improved distribution channel is playing the key role for global average consumption per person per year reaching 55kg, the global tissue paper market is expected to grow at a CAGR of 6.45% during 2021 - 2026. According to the RISI, it is anticipated that tissue production might globally exceed 44 million tons in 2021, increasing more than 14 million tons over 2010. Advancements in tissue manufacturing technology and the efficient use of raw materials will improve the design of tissue products and the way they are dispensed. Access Report Full Report Below Click links @:  https://www.marketresearchfuture.com/reports/organic-tissue-p...
Read more

Agriculture Drone Software Market Size, Share, and Emerging Technologies

Image
  Agriculture Drone Software Market Outlook agriculture drone software market is experiencing a significant transformation, and it’s expected to continue evolving at an accelerated pace. With a projected market value of USD 6.39 billion in 2024, the sector is on track to reach USD 16.75 billion by 2032, growing at an impressive compound annual growth rate (CAGR) of 12.8% during the forecast period (2024–2032). This promising growth trajectory is largely driven by the increasing adoption of drone technologies in agriculture, driven by advancements in precision farming and the need for enhanced crop management solutions. Emerging Trends and Key Drivers of Growth The rising demand for sustainable farming practices, coupled with the growing need for efficiency and productivity, is fueling the growth of the agriculture drone software market. Drones, powered by sophisticated software, are revolutionizing how farmers monitor and manage crops, livestock, and fields, enabling them to collec...
Read more