PUBLISHER: Orion Market Research | PRODUCT CODE: 1778460
PUBLISHER: Orion Market Research | PRODUCT CODE: 1778460
Global Alfalfa Hay Market Size, Share & Trends Analysis Report Market, by Product Type (Bales, Pellets, and Cubes), and by Application (Dairy Animal Feed, Poultry Feed, Horse Feed, and Other Applications) Forecast Period (2025-2035)
Alfalfa hay market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period. (2025-2035). The market for alfalfa hay is witnessing rapid growth owing to rising demand for premium-quality animal feed. Increased livestock production, especially in the meat and dairy sectors, is propelling market growth. Increased awareness about the nutritional value of alfalfa hay is also accelerating its usage. Further, innovations in agriculture methods and irrigation systems are increasing yield and quality. Demand for the export of alfalfa hay is also increasing, especially in areas where the availability of forage is short. Government favorable policies and farm subsidies for livestock and dairy farms are driving markets.
Dairy Animal Feed Held a Major Market Share.
The global alfalfa hay market is growing substantially, with the main driver being the rising demand for dairy animal feed. Owing to its high content of protein and fiber, alfalfa hay increases milk production and animal health in general. The growth in the consumption of dairy products across the globe has also expanded the market. Improvements in agriculture practices and quality forages are also accelerating rates of adoption. Promising policy support from the government for livestock farming is another important factor influencing market growth.
The global alfalfa hay market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, Russia and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, ASEAN economies, Australia and New Zealand and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America.
North America Held a Significant Share in the Global Alfalfa Hay Market
The North American alfalfa hay market is growing owing to increasing application in feed for dairy animals. Alfalfa hay is loved for its high protein levels, nutrients, and digestibility, which make it a top option for dairy cows. The growing demand for high-quality milk and milk products has also encouraged the demand for nutrient-rich feed. Moreover, technological improvements in forage production methods and better harvesting techniques are driving market growth. Encouraging government policies favoring livestock nutrition and sustainable agriculture are also helping the market grow.
The major companies serving the global alfalfa hay market include Al Dahra ACX Global, Bailey Farms, Cubeit Hay Company, Rainbow Expochem Company, and Forage Genetics International. These companies captured the market and considerably contributed to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.
Recent Development