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Alfalfa Hay Market Forecast Analysis 2020 – Key Players, Global Analytical Overview, End-User Analysis, Sales Outlook till 2024 | Report by Industry Research.co

Alfalfa Hay

The “Alfalfa Hay Market” report 2020 provides comprehensive analysis of Alfalfa Hay industry by types, applications, regions. It shows Alfalfa Hay market 2020-2024 by production, consumption, supply, gross margin, revenue of key players in the industry. Additionally, Alfalfa Hay market report covers market size, share, and growth rate of industry with respect to regions.

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Competitor Analysis:

Alfalfa Hay market includes following leading manufacturers on the basis of sales, revenue, price, and gross margin.

  • Al Dahra ACX Global Inc.
  • Alfalfa Monegros SL
  • Anderson Hay & Grain Inc.
  • Bailey Farms
  • Border Valley
  • Coaba
  • Cubeit Hay Company
  • Glenvar Hay
  • Green Prairie International
  • Grupo Osés
  • Gruppo Carli
  • Hay USA
  • Haykingdom Inc.
  • Knight AG Sourcing
  • Los Venteros SC
  • M&C Hay
  • McCracken Hay Company
  • Riverina (Australia) Pty Ltd
  • SL Follen Company
  • Standlee Hay Company

    Market Overview:

  • – The global production of alfalfa hay was 226.3 million metric ton in 2018, and it is expected to register a CAGR of 7.3% during the forecast period (2019-2024).
  • – North America is projected to be the largest market for alfalfa hay. China, UAE, and Saudi Arabia are major importers of alfalfa hay from the US. The US and Spain are major exporters of alfalfa hay, globally.
  • – Use of alfalfa hay has become critical to poultry feed, followed by animal feed in recent years, due to its importance for crude protein content. Dependence on alfalfa hay for animal feed may continue to drive the alfalfa hay market, globally, over the forecast period.
  • Alfalfa Hay market report presents in-depth analysis regarding the development, current trends, industry policies, and regulations implemented in each of the geographical regions. It includes analysis of upstream raw materials, downstream demand, and current market dynamics. Furthermore, the Alfalfa Hay market report provides an in-depth insight into Alfalfa Hay industry during 2020-2024.

    Scope of the Report:

    Alfalfa hay is obtained from the Alfalfa plant, which is also known as Lucerne and Medicago Sativa. It is cultivated as an important forage crop in many countries around the world.

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    Key Market Trends:

    Increasing Demand for Dairy and Meat Products

    Livestock is a major factor responsible for the growth of the alfalfa hay market. Annual growth of meat production and milk production in the developing countries is projected to be 2.4% and 2.5%, respectively, till 2030. This is expected to increase the developing countries’ share in the world meat production to 66% (247 million metric ton) and in milk production to 55% (484 million metric ton). Furthermore, there has been immense pressure on the livestock sector to meet the increasing demand for high-value animal protein.

    The demand for alfalfa hay is increasing significantly in China and is driven due to changing production practices in the Chinese dairy industry. This is essentially due to the increasing number of cows raised by modern dairy farmers who prefer using imported hay and commercial feeds. Furthermore, the Chinese government is focusing on boosting the domestic production of alfalfa hay, in order to meet its high demand. The dairy sector is essentially boosting the demand for alfalfa hay in China. The country has about 15 million cows in the dairy industry, among which, 1.5 million are high producers (nine-ton annual milk yield).

    North America to Dominate the Global Market

    Some of the alfalfa hay producing states in the United States, as of 2017, are California (5,175 thousand metric ton), Idaho (4,400 thousand metric ton), Montana (3,150 thousand metric ton), and Minnesota (2,610 thousand metric ton). These account for nearly 27% of the alfalfa hay production in the country. China, Japan, Saudi Arabia, and the United Arab Emirates are the top export destinations to the United States, and China is expected to remain as the key market for the US alfalfa hay exports in the near future and almost half of the exports of alfalfa hay is to China. The domestic production of alfalfa hay in Saudi Arabia decreased. As the country needs to satisfy its dairy market demand for alfalfa hay, it mainly relies on imports and is also expected to remain as one of the key buyers from the US alfalfa hay market.

    Reasons to Buy Alfalfa Hay Market Report:

    • Analysis of Alfalfa Hay market including revenues, future growth, market outlook
    • Historical data and forecast of Alfalfa Hay industry
    • Alfalfa Hay market report covers regional analysis including growth estimates
    • To analyze the end-user markets including growth estimates
    • Profiles on laboratory balance including products, sales/revenues, and market position
    • Includes Alfalfa Hay market structure, market drivers, opportunities, and restraints.

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    Alfalfa Hay Market Report Covers the Following Questions:

    • What trends, challenges, and barriers are influencing its growth?
    • What is the and regional outlook for Alfalfa Hay market?
    • Who are the key players, and what are their strategies?
    • What is the status of Alfalfa Hay status worldwide?
    • What are the Alfalfa Hay market challenges to market growth? 
    • What are the Alfalfa Hay market challenges to market growth? 
    • What are the types and applications of Alfalfa Hay ?
    • What is the market share of each type and application? 

    Detailed TOC of Alfalfa Hay Market 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Demand for Dairy and Meat Products
    4.3.2 Growing Industrial Livestock Production
    4.4 Market Restraints
    4.4.1 Ban on Forage Crop Cultivation in Saudi Arabia
    4.4.2 Requirement of Large Quantities of Water for Irrigation
    4.4.3 High Cost of Production as Compared to Other Forage Crops
    4.5 Industry Attractiveness – Porter’s Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Type
    5.1.1 Bales
    5.1.2 Pellets
    5.1.3 Cubes
    5.2 Application
    5.2.1 Meat/Dairy Animal Feed
    5.2.2 Poultry Feed
    5.2.3 Horse Feed
    5.2.4 Other Applications
    5.3 Geography
    5.3.1 North America
    5.3.1.1 US
    5.3.1.2 Canada
    5.3.1.3 Mexico
    5.3.1.4 Rest of North America
    5.3.2 Europe
    5.3.2.1 UK
    5.3.2.2 France
    5.3.2.3 Spain
    5.3.2.4 Italy
    5.3.2.5 Rest of Europe
    5.3.3 Asia-Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 India
    5.3.3.4 Australia
    5.3.3.5 Rest of Asia-Pacific
    5.3.4 South America
    5.3.4.1 Brazil
    5.3.4.2 Argentina
    5.3.4.3 Rest of South America
    5.3.5 Middle East and Africa
    5.3.5.1 South Africa
    5.3.5.2 UAE
    5.3.5.3 Saudi Arabia
    5.3.5.2 Rest of Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Vendor Market Share
    6.2 Mergers and Acquisitions
    6.3 Company Profiles
    6.3.1 Al Dahra ACX Global Inc.
    6.3.2 Alfalfa Monegros SL
    6.3.3 Anderson Hay & Grain Inc.
    6.3.4 Bailey Farms
    6.3.5 Border Valley
    6.3.6 Coaba
    6.3.7 Cubeit Hay Company
    6.3.8 Glenvar Hay
    6.3.9 Green Prairie International
    6.3.10 Grupo Osés
    6.3.11 Gruppo Carli
    6.3.12 Hay USA
    6.3.13 Haykingdom Inc.
    6.3.14 Knight AG Sourcing
    6.3.15 Los Venteros SC
    6.3.16 M&C Hay
    6.3.17 McCracken Hay Company
    6.3.18 Riverina (Australia) Pty Ltd
    6.3.19 SL Follen Company
    6.3.20 Standlee Hay Company

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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