MarketResearchBlog

  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 ot...