Alfalfa Hay Market Report by Type (Bales, Pellets, Cubes), Application (Daily Animal Feed, Poultry Feed, Horse Feed, and Others), End User (Poultry, Cattle, Livestock, and Others), and Region 2024-2032
Description
Alfalfa Hay Market Report by Type (Bales, Pellets, Cubes), Application (Daily Animal Feed, Poultry Feed, Horse Feed, and Others), End User (Poultry, Cattle, Livestock, and Others), and Region 2024-2032
The global alfalfa hay market size reached 271.7 Million Metric Tons in 2023. Looking forward, IMARC Group expects the market to reach 416.5 Million Metric Tons by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.
Alfalfa hay is a forage source obtained from the alfalfa, or lucerne, plant. It is commonly used in the feed for ruminants, cattle, poultry and horses and is available in the form of bales, pellets and cubes. Alfalfa hay is a rich source of energy, protein, fiber, calcium, vitamins and minerals and is produced by harvesting the crop with a swather and sun drying it in strips. The dried strips are mechanically compressed into bales and further turned into smaller cubes and pellets. In comparison to the traditionally used grass hay, alfalfa hay has a nutrient content and is more palatable. It is also used in the manufacturing of nutritional supplements to promote growth and improve the immune system in animals.
Alfalfa Hay Market Trends:
The increasing consciousness regarding animal nutrition among the masses is one of the key factors driving the growth of the market. Moreover, the shifting consumer preference toward premium-quality dairy and meat products is providing a thrust to the market growth. Alfalfa hay is an environment-friendly and cost-effective feed alternative with a long shelf-life. It is added to cattle feed to improve the quality and quantity of milk produced. Additionally, the utilization of hay manufactured with non-genetically modified organisms (non-GMO) crops is acting as another growth-inducing factor. This can also be attributed to the increasing consumer demand for chemical-free meat and milk-based products. Product manufactures are utilizing innovative harvesting and processing machinery to produce long-fiber hay products and cubes with enhanced fiber content. Other factors, including significant growth in the agriculture industry, along with extensive research and development (R&D) activities in the field of animal husbandry, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global alfalfa hay market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, application and end user.
Breakup by Type:
- Bales
- Pellets
- Cubes
- Daily Animal Feed
- Poultry Feed
- Horse Feed
- Others
- Poultry
- Cattle
- Livestock
- Others
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Al Dahra ACX Inc., Alfalfa Monegros, Anderson Hay & Grain Co Inc., Bailey Farms International, Green Prairie International Inc., Hay USA Inc., Oxbow Animal Health, Riverina (Mitsubishi Corporation), Sacate Pellet Mills Inc., SL Follen Company, Standlee Premium Products LLC, and Zille S.A.
Key Questions Answered in This Report:
- How has the global alfalfa hay market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global alfalfa hay market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global alfalfa hay market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
144 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Alfalfa Hay Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Type
- 6.1 Bales
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Pellets
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Cubes
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by Application
- 7.1 Daily Animal Feed
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Poultry Feed
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Horse Feed
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 8 Market Breakup by End User
- 8.1 Poultry
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Cattle
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Livestock
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Al Dahra ACX Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Alfalfa Monegros
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Anderson Hay & Grain Co Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Bailey Farms International
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Green Prairie International Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Hay USA Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Oxbow Animal Health
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Riverina (Mitsubishi Corporation)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Sacate Pellet Mills Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 SL Follen Company
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Standlee Premium Products LLC
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.12 Zille S.A.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
