Alfalfa Hay Market Revenue to outshine USD 7.5 billion By 2027
Posted On September 07, 2021
The Global Alfalfa Hay Market revenue is anticipated to grow to around USD 7.5 billion by 2027 with a CAGR of 5.5% during the year 2021-2027 as per the report published by Value Market Research. Increasing demand for dairy and meat products coupled with the changing poultry farm practices is primarily driving the market growth. The rising number of modern cow raised coupled with the growing domestic production of alfalfa hay is further expected to propel the market demand. On the other hand, the high cost of production compared to other forage crops is projected to curb the product demand.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of alfalfa hay.
The elaborate study "Global Alfalfa Hay Market Report By Type (Bales, Pellets, And Cubes), By Application (Dairy Animal Feed, Poultry Feed, Horse Feed, And Other Applications) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" poses a refreshing view of the market taking into consideration all the aspects affecting the market.
On the basis of type the market is segmented into Bales, Pellets, Cubes. By application the alfalfa hay market is categorised as Dairy Animal Feed, Poultry Feed, Horse Feed, Other Applications .The report covers North America (North America, United State and Rest of North America), Europe (United Kingdom, France , Germany, Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. The data tables in these chapters give the market estimates on the basis of all the segments.
The Report Segments Global Alfalfa Hay Market -
- Dairy Animal Feed
- Poultry Feed
- Horse Feed
- Other Applications
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Alfalfa Monegros SL, Anderson Hay & Grain Inc., Bailey Farms, Border Valley, Coaba, Alfalfa Monegros, Los Venteros, SL Follen Company, Grupo Osés, Al Dahra ACX Global.
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