Picture

Questions?

+1-866-353-3335

SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: Orion Market Research | PRODUCT CODE: 1363958

Cover Image

PUBLISHER: Orion Market Research | PRODUCT CODE: 1363958

Global Alfalfa Hay Market 2023-2030

PUBLISHED:
PAGES: 160 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
Unprintable PDF & Excel (Single User License)
USD 4000
Printable PDF & Excel (Corporate License)
USD 6625

Add to Cart

Title: Global Alfalfa hay Market Size, Share & Trends Analysis Report Market, by Type (Bales, Pellets, and Cubes), and by Application (Dairy Animal Feed, Poultry Feed, Horse Feed, and Other Applications)Forecast Period (2023-2030).

The global alfalfa hay market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. The increasing demand for quality hay for livestock and the cattle population is a key factor driving the growth of the global alfalfa hay market. The use of alfalfa hay has become critical to animal feed due to its importance for crude protein content. Alfalfa hay enhances the growth and development of animals at a faster rate and improves milk productivity. Thus, dependence on alfalfa hay for animal feed may continue to promote the market demand.

The increasing demand for dairy and animal products, shrinking land for grazing animals, growth in high-yielding cattle, and demand for cattle feed are further contributing to the market growth. In 2021, the Indian Ministry of Commerce and Industry announced that India and the US agreed to a framework to implement market access for agricultural products from both countries. India agreed to remove the heat treatment requirement for the US-origin alfalfa hay and recognize the current US pest mitigation methods for alfalfa hay. The Indian government also clarified that importing US alfalfa hay for animal feed will not require a non-genetically modified certificate.

However, the side-effects of alfalfa hay along with product recalls are restraining the growth of the global alfalfa hay market. For instance, in June 2023, Manzanola Feeds, LLC, warned by FDA after being implicated in outbreak that killed 52 horses. The FDA received reports of at least 98 horses, with symptoms consistent with botulism, in Colorado, Louisiana, New Mexico, and Texas. At least 52 of these horses died or were euthanized because of declining health. In January 2023, FDA finalized laboratory testing of samples of Top of the Rockies alfalfa cubes that confirmed the presence of Clostridium botulinum type C, a bacterium that can lead to botulism. Botulism develops if a person or animal ingests the toxin - and rarely, if the toxin is inhaled or injected - or if the organism grows in the intestines or wounds and toxin is released. Foodborne botulism is spread by consuming food contaminated with the botulism toxin or spores.

Segmental Outlook

The global alfalfa hay market is segmented based on product type, and application. Based on product type, the market is segmented into bales, pellets, and cubes. Based on application, the market is segmented into dairy animal feed, poultry feed, horse feed, and other applications.

Dairy Animal Feed Held a Major Market Share

The dependence on alfalfa hay for animal feed is continued to drive the market over the forecast period. The demand for alfalfa hay is increasing significantly in China due to changing production practices in the Chinese dairy industry. This change is due to the increasing number of cows raised by modern dairy farmers who prefer using imported hay and commercial feeds. For instance, by 2020, the cattle population in China increased from 48.8 million heads to 51.0 million heads, according to the Food and Agriculture Organization (FAO). Furthermore, the Chinese government is focusing on increasing the domestic production of alfalfa hay to meet its high demand. A continual increase in the number of cattle along with increasing demand for quality animal feed are boosting the segmental market growth.

Regional Outlook

The global alfalfa hay market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America).

North America Held Significant Share in the Global Alfalfa hay Market

North America is projected to be the largest market for alfalfa hay. China, Japan, the United Arab Emirates, and Saudi Arabia are significant importers of alfalfa hay from the US. The US and Spain are major exporters of alfalfa hay globally. Recently, alfalfa hay became critical to poultry feed, followed by animal feed, due to its importance for crude protein content. In the US, alfalfa hay is the most important hay crop fed to dairy cattle. Dairy utilization accounts for two-thirds of the total alfalfa usage in the major dairy-producing states, such as California, Wisconsin, New York, Idaho, and New Mexico. Although dairy production is an important market for alfalfa hay, beef producers utilize alfalfa as a part of forage needs depending on availability and price.

Further, alfalfa hay is Canada's most predominant legume grown for forage. It is grown almost 30% of Canada's cropland, and Ontario accounts for 22.0%. Alberta and Ontario are the major alfalfa hay-producing states in Canada. Hence, increased demand for alfalfa in domestic and export markets is anticipated to result in significant growth over the forecast period.

Market Players Outlook

The major companies serving the global alfalfa hay market include Al Dahra ACX Global Inc., Border Valley, Standlee Hay Company, Alfalfa Monegros, Anderson Hay and Grain Co Inc. among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, and new product launches, to stay competitive in the market.

The Report Covers:

  • Market value data analysis of 2022 and forecast to 2030.
  • Annualized market revenues ($ million) for each market segment.
  • Country-wise analysis of major geographical regions.
  • Key companies operating in the global alfalfa hay market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
  • Analysis of market-entry and market expansion strategies.
  • Competitive strategies by identifying 'who-stands-where' in the market.
Product Code: OMR2027713

Table of Contents

1. Report Summary

  • Current Industry Analysis and Growth Potential Outlook
  • 1.1. Research Methods and Tools
  • 1.2. Market Breakdown
    • 1.2.1. By Segments
    • 1.2.2. By Region

2. Market Overview and Insights

  • 2.1. Scope of the Report
  • 2.2. Analyst Insight & Current Market Trends
    • 2.2.1. Key Findings
    • 2.2.2. Recommendations
    • 2.2.3. Conclusion

3. Competitive Landscape

  • 3.1. Key Company Analysis
  • 3.2. Al Dahra ACX Global Inc.
    • 3.2.1. Overview
    • 3.2.2. Financial Analysis
    • 3.2.3. SWOT Analysis
    • 3.2.4. Recent Developments
  • 3.3. Anderson Hay and Grain Co Inc.
    • 3.3.1. Overview
    • 3.3.2. Financial Analysis
    • 3.3.3. SWOT Analysis
    • 3.3.4. Recent Developments
  • 3.4. Standlee Hay Company
    • 3.4.1. Overview
    • 3.4.2. Financial Analysis
    • 3.4.3. SWOT Analysis
    • 3.4.4. Recent Developments
  • 3.5. Key Strategy Analysis

4. Market Segmentation

  • 4.1. Global Alfalfa Hay Market by Product Type
    • 4.1.1. Bales
    • 4.1.2. Pallets
    • 4.1.3. Cubes
  • 4.2. Global Alfalfa Hay Markey by Application
    • 4.2.1. Dairy Animal Feed
    • 4.2.2. Poultry Feed
    • 4.2.3. Horse Feed
    • 4.2.4. Other

5. Regional Analysis

  • 5.1. North America
    • 5.1.1. United States
    • 5.1.2. Canada
  • 5.2. Europe
    • 5.2.1. UK
    • 5.2.2. Germany
    • 5.2.3. Italy
    • 5.2.4. Spain
    • 5.2.5. France
    • 5.2.6. Rest of Europe
  • 5.3. Asia-Pacific
    • 5.3.1. China
    • 5.3.2. India
    • 5.3.3. Japan
    • 5.3.4. South Korea
    • 5.3.5. Rest of Asia-Pacific
  • 5.4. Rest of the World

6. Company Profiles

  • 6.1. Al Dahra ACX Global Inc.
  • 6.2. Alfalfa Monegros SL
  • 6.3. Anderson Hay & Grain Inc.
  • 6.4. Bailey Farms
  • 6.5. Border Valley
  • 6.6. COABA COOPERATIVE SOCIETY OF CASTILLA LA MANCHA
  • 6.7. Cubeit Hay Company
  • 6.8. Glenvar Hay
  • 6.9. Green Prairie International
  • 6.10. Grupo Oses
  • 6.11. Gruppo Carli
  • 6.12. Hay USA
  • 6.13. Haykingdom Inc.
  • 6.14. Knight AG Sourcing
  • 6.15. Los Venteros SC
  • 6.16. M&C Hay
  • 6.17. McCracken Hay Co.
  • 6.18. Riverina (Australia) Pty Ltd.
  • 6.19. SL Follen Company
  • 6.20. Standlee Hay Co.
Product Code: OMR2027713

LIST OF TABLES

  • 1. GLOBAL ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
  • 2. GLOBAL BALES OF ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
  • 3. GLOBAL PALLETS OF ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
  • 4. GLOBAL CUBES OF ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
  • 5. GLOBAL ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
  • 6. GLOBAL ALFALFA HAY FOR DAIRY ANIMAL FEED MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
  • 7. GLOBAL ALFALFA HAY FOR POULTRY FEED MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
  • 8. GLOBAL ALFALFA HAY FOR HORSE FEED MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
  • 9. GLOBAL ALFALFA HAY FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
  • 10. GLOBAL ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
  • 11. NORTH AMERICAN ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
  • 12. NORTH AMERICAN ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
  • 13. NORTH AMERICAN ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
  • 14. EUROPEAN ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
  • 15. EUROPEAN ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
  • 16. EUROPEAN ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
  • 17. ASIA- PACIFIC ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
  • 18. ASIA- PACIFIC ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
  • 19. ASIA- PACIFIC ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)
  • 20. REST OF THE WORLD ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
  • 21. REST OF THE WORLD ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2022-2030 ($ MILLION)
  • 22. REST OF THE WORLD ALFALFA HAY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2022-2030 ($ MILLION)

LIST OF FIGURES

  • 1. GLOBAL ALFALFA HAY MARKET SHARE BY PRODUCT TYPE, 2022 VS 2030 (%)
  • 2. GLOBAL BALES OF ALFALFA HAY MARKET SHARE BY REGION, 2022 VS 2030 (%)
  • 3. GLOBAL PALLETS OF ALFALFA HAY MARKET SHARE BY REGION, 2022 VS 2030 (%)
  • 4. GLOBAL CUBES OF ALFALFA HAY MARKET SHARE BY REGION, 2022 VS 2030 (%)
  • 5. GLOBAL ALFALFA HAY MARKET SHARE BY APPLICATION, 2022 VS 2030 ($ MILLION)
  • 6. GLOBAL ALFALFA HAY FOR DAIRY ANIMAL FEED MARKET SHARE BY REGION, 2022 VS 2030 (%)
  • 7. GLOBAL ALFALFA HAY FOR POULTRY FEED MARKET SHARE BY REGION, 2022 VS 2030 (%)
  • 8. GLOBAL ALFALFA HAY FOR HORSE FEED MARKET SHARE BY REGION, 2022 VS 2030 (%)
  • 9. GLOBAL ALFALFA HAY FOR OTHER APPLICATIONS MARKET SHARE BY REGION, 2022 VS 2030 (%)
  • 10. GLOBAL ALFALFA HAY MARKET SHARE BY REGION, 2022 VS 2030 (%)
  • 11. US ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 12. CANADA ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 13. UK ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 14. FRANCE ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 15. GERMANY ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 16. ITALY ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 17. SPAIN ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 18. REST OF EUROPE ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 19. INDIA ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 20. CHINA ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 21. JAPAN ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 22. SOUTH KOREA ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 23. REST OF ASIA-PACIFIC ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
  • 24. REST OF THE WORLD ALFALFA HAY MARKET SIZE, 2022-2030 ($ MILLION)
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!