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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, 2021-2028
ID:VMR11211180
August 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Alfalfa Hay Market Overview
Alfalfa hay is the animal feed used for dairy cattle, beef cattle, horses, sheep, goats, and camels. One of the most critical features of alfalfa is its high nutritional quality as a complete animal feed. Alfalfa contains between 15% to 23% crude protein and is an excellent source of vitamins and minerals. Canada, Spain, the U.S., Italy, and France are major countries for alfalfa hay production. Alfalfa hay is a deep-rooted perennial forage crop obtained from the Alfalfa plant and is also known as Lucerne and Medicago Sativa. Increasing demand for dairy and meat products coupled with the changing poultry farm practices is driving the market growth. The rising number of modern cow raised and the growing domestic production of alfalfa hay are further expected to propel the market demand.
Alfalfa is considered one of the highest quality feeds. Most dairy producers would prefer it if they had enough supply readily available at affordable prices. However, the high cost and low awareness are projected to hamper the product demand. Limited production of alfalfa hay and low awareness about alfalfa's benefits over other animal feed among Asian farmers is obstructing the market's healthy growth. Alfalfa stands out as a cost compared to other hay because of the high production cost required to cultivate alfalfa hay. However, it is now profitably grown in many areas. Dairy producers are now successfully growing alfalfa in regions and under management systems once thought impossible.The alfalfa hay market is moderately fragmented. Major players in alfalfa hay market are 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.
In this research report, the alfalfa hay market is segmented by type, application, and region.
Analysis, By Type
Based on type, the global alfalfa hay market is segmented into bales, pellets, and cubes. Bales accounted for the maximum share in the global alfalfa hay market. A bale is more commonly used owing to its availability in many sizes and weights and easy transportability. It is available with many specifications like two-string bales, three-string bales up to six-string bales. The bales are held together with twine, wire, netting, or even plastic wrap. Bales can be transported and stored easier. However, pellets and cubes are challenging to handle and assemble.
Analysis, By Application
Based on application, the global alfalfa hay market is segmented into dairy animal feed, poultry feed, horse feed, and others. The dairy animal feed segment dominated the global alfalfa hay market. Increasing milk demand worldwide, growing demand for lower fiber feed, and greater milk yield drive the growth of dairy animal feed. Alfalfa is an excellent forage for milk-producing animals. Lower feed bills and higher milk production are the primary reasons alfalfa is used for dairy farms. Dairy animals effectively use high protein levels and high-quality fiber in alfalfa to produce milk. An essential quality feature of alfalfa compared to grass is the lower fiber, allowing greater feed intake and greater milk production.
Analysis, By Region
Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is the leading alfalfa hay market. The region is a major producer and consumer of alfalfa hay. Some of the alfalfa hay-producing states in the United States are California and Minnesota. China, Saudi Arabia, Japan and the United Arab Emirates are the top export destinations to the United States. Europe is another prominent region in the market. Spain is the dominating country with the maximum market share in this region, followed by France and Italy.
Market Segmentation covered in the Report:
By Type
By Application
By Region
Alfalfa hay is the animal feed used for dairy cattle, beef cattle, horses, sheep, goats, and camels. One of the most critical features of alfalfa is its high nutritional quality as a complete animal feed. Alfalfa contains between 15% to 23% crude protein and is an excellent source of vitamins and minerals. Canada, Spain, the U.S., Italy, and France are major countries for alfalfa hay production. Alfalfa hay is a deep-rooted perennial forage crop obtained from the Alfalfa plant and is also known as Lucerne and Medicago Sativa. Increasing demand for dairy and meat products coupled with the changing poultry farm practices is driving the market growth. The rising number of modern cow raised and the growing domestic production of alfalfa hay are further expected to propel the market demand.
According to Value Market Research, the global alfalfa hay market size was valued at about USD 5.2 billion in 2020 and is estimated to grow at a CAGR of around 5.5 % during the forecast period 2021 to 2027.
Alfalfa is considered one of the highest quality feeds. Most dairy producers would prefer it if they had enough supply readily available at affordable prices. However, the high cost and low awareness are projected to hamper the product demand. Limited production of alfalfa hay and low awareness about alfalfa's benefits over other animal feed among Asian farmers is obstructing the market's healthy growth. Alfalfa stands out as a cost compared to other hay because of the high production cost required to cultivate alfalfa hay. However, it is now profitably grown in many areas. Dairy producers are now successfully growing alfalfa in regions and under management systems once thought impossible.The alfalfa hay market is moderately fragmented. Major players in alfalfa hay market are 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.
In this research report, the alfalfa hay market is segmented by type, application, and region.
Analysis, By Type
Based on type, the global alfalfa hay market is segmented into bales, pellets, and cubes. Bales accounted for the maximum share in the global alfalfa hay market. A bale is more commonly used owing to its availability in many sizes and weights and easy transportability. It is available with many specifications like two-string bales, three-string bales up to six-string bales. The bales are held together with twine, wire, netting, or even plastic wrap. Bales can be transported and stored easier. However, pellets and cubes are challenging to handle and assemble.
Analysis, By Application
Based on application, the global alfalfa hay market is segmented into dairy animal feed, poultry feed, horse feed, and others. The dairy animal feed segment dominated the global alfalfa hay market. Increasing milk demand worldwide, growing demand for lower fiber feed, and greater milk yield drive the growth of dairy animal feed. Alfalfa is an excellent forage for milk-producing animals. Lower feed bills and higher milk production are the primary reasons alfalfa is used for dairy farms. Dairy animals effectively use high protein levels and high-quality fiber in alfalfa to produce milk. An essential quality feature of alfalfa compared to grass is the lower fiber, allowing greater feed intake and greater milk production.
Analysis, By Region
Based on region, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is the leading alfalfa hay market. The region is a major producer and consumer of alfalfa hay. Some of the alfalfa hay-producing states in the United States are California and Minnesota. China, Saudi Arabia, Japan and the United Arab Emirates are the top export destinations to the United States. Europe is another prominent region in the market. Spain is the dominating country with the maximum market share in this region, followed by France and Italy.
Market Segmentation covered in the Report:
By Type
- Bales
- Pellets
- Cubes
By Application
- Dairy Animal Feed
- Poultry Feed
- Horse Feed
- Other Applications
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . ALFALFA HAY – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 By Type
3.7.2 By Application
3.7.3 By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL ALFALFA HAY MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Bales Market by Regions
6.6 Pellets Market by Regions
6.5 Cubes Market by Regions
7 . GLOBAL ALFALFA HAY MARKET ANALYSIS BY APPLICATION
7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Dairy Animal Feed Market by Regions
7.5 Poultry Feed Market by Regions
7.6 Horse Feed Market by Regions
7.7 Other Applications Market by Regions
8 . GLOBAL ALFALFA HAY MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America
8.3.1. Overview, Historic and Forecast Data
8.3.2. North America By Segment
8.3.3. North America By Country
8.3.4. United State
8.3.5. Canada
8.3.6. Mexico
8.4. Europe
8.4.1. Overview, Historic and Forecast Data
8.4.2. Europe by Segment
8.4.3. Europe by Country
8.4.4. United Kingdom
8.4.5. France
8.4.6. Germany
8.4.7. Italy
8.4.8. Russia
8.4.9. Rest Of Europe
8.5. Asia Pacific
8.5.1. Overview, Historic and Forecast Data
8.5.2. Asia Pacific by Segment
8.5.3. Asia Pacific by Country
8.5.4. China
8.5.5. India
8.5.6. Japan
8.5.7. South Korea
8.5.8. Australia
8.5.9. Rest Of Asia Pacific
8.6. Latin America
8.6.1. Overview, Historic and Forecast Data
8.6.2. Latin America by Segment
8.6.3. Latin America by Country
8.6.4. Brazil
8.6.5. Argentina
8.6.6. Peru
8.6.7. Chile
8.6.8. Rest of Latin America
8.7. Middle East & Africa
8.7.1. Overview, Historic and Forecast Data
8.7.2. Middle East & Africa by Segment
8.7.3. Middle East & Africa by Country
8.7.4. Saudi Arabia
8.7.5. UAE
8.7.6. Israel
8.7.7. South Africa
8.7.8. Rest Of Middle East And Africa
9 . COMPETITIVE LANDSCAPE OF THE ALFALFA HAY COMPANIES
9.1. Alfalfa Hay Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF ALFALFA HAY INDUSTRY
10.1. Company Share Analysis
10.2. Market Concentration Rate
10.3. Al Dahra ACX Global Inc.
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products
10.3.4. Recent Developments
10.4. Alfalfa Monegros SL
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products
10.4.4. Recent Developments
10.5. Anderson Hay & Grain Inc.
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products
10.5.4. Recent Developments
10.6. Bailey Farms
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products
10.6.4. Recent Developments
10.7. Coaba
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products
10.7.4. Recent Developments
10.8. Los Venteros
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products
10.8.4. Recent Developments
10.9. Grupo Osés
10.9.1. Company Overview
10.9.2. Financials
10.9.3. Products
10.9.4. Recent Developments
10.10. Knight Ag Sourcing
10.10.1. Company Overview
10.10.2. Financials
10.10.3. Products
10.10.4. Recent Developments
10.11. Almarai Company
10.11.1. Company Overview
10.11.2. Financials
10.11.3. Products
10.11.4. Recent Developments
10.12. Border Valley
10.12.1. Company Overview
10.12.2. Financials
10.12.3. Products
10.12.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Type (USD MN)
- Bales Market by Geography (USD MN)
- Pellets Market by Geography (USD MN)
- Cubes Market by Geography (USD MN)
- Analysis Market by Application (USD MN)
- Dairy Animal Feed Market by Geography (USD MN)
- Poultry Feed Market by Geography (USD MN)
- Horse Feed Market by Geography (USD MN)
- Other Applications Market by Geography (USD MN)
- Global Alfalfa Hay Market by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisiton
LIST OF FIGURES
- Research Scope of Alfalfa Hay Report
- Market Research Process
- Market Research Methodology
- Global Alfalfa Hay Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Type (USD MN)
- Bales Market by Geography (USD MN)
- Pellets Market by Geography (USD MN)
- Cubes Market by Geography (USD MN)
- Global Market Analysis by Application (USD MN)
- Dairy Animal Feed Market by Geography (USD MN)
- Poultry Feed Market by Geography (USD MN)
- Horse Feed Market by Geography (USD MN)
- Other Applications Market by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Company Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments