Alfalfa Hay Market Forecast to 2030 - Size, Share, Trend, Growth
[Research Report] The alfalfa hay market size is projected to grow from US$ 15.99 billion in 2022 to US$ 21.56 billion by 2030; it is expected to register a CAGR of 3.8% during 2022–2030.
MARKET ANALYSIS
The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Alfalfa hay, also known as lucerne, is one of the primary sources of energy and protein for ruminants, equine, and pet animals such as rabbits, guinea pigs, and hamsters. Alfalfa hay is available in various forms such as bales, pellets, cubes, ground alfalfa, and chopped alfalfa hay. Alfalfa pellet manufacturing consists of drying, crushing, and pelletizing. After crushing, the hay is fed to the feeder of the pellet mill. The mill is then compressed to the columned hole on the die and discharged from the machine, creating alfalfa feed pellets. For producing alfalfa bale, the alfalfa plants are cut using specialized machinery such as a mower-conditioner, which cuts and conditions the alfalfa by crimping the stem to aid in drying. After cutting, the alfalfa is allowed to dry in the fields until it reaches the desired moisture content. Once sufficiently dried, the hay is raked into windrows and baled using a baler machine, which compresses the dried alfalfa into tightly packed rectangular or round bales. The rising demand for alfalfa hay in ruminant and equine feed is one of the crucial factors driving the alfalfa hay market growth. Further, the increasing preference for organic alfalfa hay is one of the emerging alfalfa hay market trends owing to the rising popularity of organic feed over conventional feed as organic feed is free from pesticides, chemical fertilizers, and genetically modified organisms (GMOs).
GROWTH DRIVERS AND CHALLENGES
The increasing demand for meat-based and dairy products has significantly transformed industrial livestock production. Livestock products are equivalent to 16% of energy and 34% of the protein content of human diets. Moreover, livestock production accounts for ~19% of food production and 30% of the global agriculture outcome, in terms of value. Changing food preferences and lifestyles, increasing urbanization, growing disposable income, and the rapidly rising world population are among the key factors contributing to the elevated demand for livestock. According to the Food and Agriculture Organization (FAO), worldwide meat protein consumption is predicted to increase by 14% by 2030. The Organization for Economic Co-operation and Development (OECD) and FAO report estimates that world milk production will rise by 1.6% annually from 2020 to 2029, reaching 997 million metric tons by 2029. Alfalfa hay plays a vital role as a high-quality feed for various types of livestock, particularly cattle, horses, and dairy cows, owing to its rich nutritional content, including protein, fiber, and essential vitamins and minerals. Thus, the increasing consumption of livestock products such as meat and milk has encouraged livestock manufacturers to focus on procuring good-quality hay for feeding livestock. Nutrient deficiencies in livestock can be resolved by providing them with high-quality feed, such as alfalfa hay, which maintains livestock's growth rate, health, and well-being. Thus, with surging demand, the production of healthy livestock is increasing globally, further driving the alfalfa hay market.
On the other hand, the overconsumption of resources associated with alfalfa hay production can have adverse environmental and economic consequences. Alfalfa is a water-intensive crop requiring significant irrigation to support growth, particularly in arid regions where water scarcity is a pressing concern. Overusing water resources for alfalfa cultivation can exacerbate water stress, deplete aquifers, and contribute to environmental degradation, including soil erosion and salinization. According to the Guardian, agricultural water usage makes up nearly 80% of total water consumption in the Colorado River basin, with alfalfa hay production accounting for nearly 50% of this water usage. Thus, the overconsumption of resources hampers the alfalfa hay market growth.
The demand for alfalfa hay as equine feed is surging owing to its exceptional nutritional profile, which is specifically expected to benefit horses. Alfalfa hay is enriched with protein content, which is crucial for supporting muscle development, repair, and overall athletic performance in horses. It has a crude protein content of 17%, which satisfies the protein requirements of young and growing horses. In addition, alfalfa hay is rich in fiber, which aids in maintaining healthy digestion and preventing digestive issues such as colic and ulcers. A study conducted at Texas A&M University stated that in 2022 an overall drop in the ulcer severity scores of the horses fed on alfalfa. In addition, horses require a diet that closely mimics their natural grazing habits, and alfalfa provides a nutritional and palatable forage option that fulfills this need. As a result, horse owners and trainers seek this hay as a horse feed ingredient to optimize their animal’s health and well-being. Thus, the rising demand for alfalfa hay for equine feed is expected to provide lucrative opportunities in the alfalfa hay market over the forecast period.
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Alfalfa Hay Market: Strategic Insights
Market Size Value in US$ 15.99 billion in 2022 Market Size Value by US$ 21.56 billion by 2030 Growth rate CAGR of 3.8% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Alfalfa Hay Market: Strategic Insights
| Market Size Value in | US$ 15.99 billion in 2022 |
| Market Size Value by | US$ 21.56 billion by 2030 |
| Growth rate | CAGR of 3.8% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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REPORT SEGMENTATION AND SCOPE
The "Global Alfalfa Hay Market Analysis and Forecast to 2030" is a specialized and in-depth study with a significant focus on global market trends and growth opportunities. The report includes an alfalfa hay market forecast by type, application, and geography from 2022 to 2030. It provides key statistics on the consumption of alfalfa hay across the world, along with their demand in major regions and countries. In addition, the report provides a qualitative assessment of various factors affecting market performance in major regions and countries. It also includes a comprehensive analysis of the leading players in the market and their key strategic developments. Analysis of the market dynamics is also included to help identify the key driving factors, market trends, and lucrative opportunities, which, in turn, aids in identifying the major revenue pockets.
The ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global alfalfa hay market, which helps understand the entire supply chain and various factors affecting the market growth.
SEGMENTAL ANALYSIS
The alfalfa hay market is segmented on the basis of type and application. Based on type, the market is segmented into alfalfa hay bales, alfalfa hay pellets, alfalfa hay cubes, and others. The alfalfa hay bales segment accounted for over 55% of the alfalfa hay market share in 2022. The alfalfa hay cubes segment is expected to register the fastest CAGR from 2022 to 2030.
Alfalfa hay cubes are another form of processed alfalfa hay, created by compacting chopped alfalfa into cube-shaped blocks. These cubes offer several advantages, such as reduced dust and waste, improved ease of storage and handling, and convenient portion control during feeding. The demand for alfalfa hay cubes is surging due to their practical benefits, particularly in the equine industry, where consistent portion sizes and minimal dust are essential for horse health. Additionally, alfalfa hay cubes are favored by livestock owners who prioritize convenience and efficiency in feeding routines. With the steadily increasing demand for high-quality forage and the need for convenient feeding solutions, alfalfa hay cubes have become equally famous among farmers and equestrians, which is booting the alfalfa hay market worldwide.
By application, the market is segmented into ruminant feed, equine feed, poultry feed, and others. The ruminant feed segment dominated the alfalfa hay market share in 2022. The ruminant feed application of alfalfa hay encompasses dairy cows, beef cattle, and sheep. Alfalfa hay is highly nutritious, containing essential vitamins, minerals, and proteins, which support optimal rumen function and overall animal health. Its high protein content helps stimulate milk production in dairy cows, leading to better yields and improved milk quality.
REGIONAL ANALYSIS
The global alfalfa hay market report provides a detailed overview of the market with respect to five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In terms of revenue, North America dominated the alfalfa hay market, accounting for US$ 13,344.88 million in 2022. Asia Pacific is projected to register a significant CAGR of 5.1% from 2022 to 2030.
The alfalfa hay market in Asia Pacific is significantly growing due to increasing demand in countries including China, Japan, South Korea, and Australia. China has a developed animal feed and livestock industry. According to the Alltech Global Feed Survey 2021 report, it ranks first in feed production worldwide. In recent years, there has been a significant surge in demand for meat and dairy products in China mainly due to increased focus on improving health through nutrient intake (especially after the onset of the COVID-19 pandemic). Thus, with the subsequent rise in meat and dairy production, the demand for nutritional feed such as alfalfa hay also increases significantly across the country. However, China's alfalfa hay production levels fail to address domestic demand. Thus, the country depends on imports to meet its total alfalfa hay needs. It is the largest importer of alfalfa hay in Asia Pacific, with the US being the major exporter of alfalfa hay to China. Thus, the booming livestock industry in China along with the rising imports of alfalfa hay are significantly driving the alfalfa hay market in the country.
Alfalfa Hay Market Report Scope
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
Various initiatives taken by the key players operating in the alfalfa hay market, as per company press releases, are listed below:
- In May 2023, Al Dahra Holding LLC entered into an exclusive supply arrangement with Golden Fields. The arrangement granted Al Dahra Holding LLC an exclusive offtake agreement for fodder commodities supplied by Golden Fields under contract farming agreements in Estonia, Lithuania, Latvia, and Finland.
- In October 2021, Al Dahra Holding LLC opened five new animal feed compression and drying plants in Serbia, Romania, and Bulgaria. The new plants are consistent with the company's ongoing attempts to grow its operations globally. The new plants included 12 production lines capable of producing 500,000 tons of clover per year and more than 15 different types of feed and concentrated grains.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Green Prairie International Inc, Douliere Hay France SAS, SL Follen Co, Anderson Hay & Grain Co Inc, Standlee Premium Products LLC, M&C Hay LLC, The Gombos Co LLC, Al Dahra Holding LLC, Ward Rugh Inc, and Alfalfa Monegros SL are among the prominent companies profiled in the alfalfa hay market report.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The major players operating in the global alfalfa hay market are Green Prairie International Inc, Douliere Hay France SAS, SL Follen Co, Anderson Hay & Grain Co Inc, Standlee Premium Products LLC, M&C Hay LLC, The Gombos Co LLC, Al Dahra Holding LLC, Ward Rugh Inc, and Alfalfa Monegros SL.
Rising demand for alfalfa hay is expected to provide lucrative growth opportunities to the global alfalfa hay market during the forecast period.
The alfalfa hay bales segment held the largest revenue share of the alfalfa hay market in 2022 due to their easy availability and affordability.
North America held the largest alfalfa hay market share due to presence of extensive production of alfalfa hay in the region, especially in the US and Canada.
Health benefits associated with alfalfa hay coupled with increasing scales of livestock production are the major growth drivers of the alfalfa hay market.
Based on application, the alfalfa hay cubes is the fastest-growing segment due to several advantages, such as reduced dust and waste, improved ease of storage and handling, and convenient portion control during feeding.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Alfalfa Hay Market Landscape
4.1 Overview
4.2 Porter’s Analysis Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
4.3.5 List of Vendors in the Value Chain
5. Alfalfa Hay Market – Key Market Dynamics
5.1 Alfalfa Hay Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Health Benefits Associated with Alfalfa Hay
5.2.2 Increasing Scales of Livestock Production
5.3 Market Restraints
5.3.1 Fluctuations in Prices and Overconsumption of Resources in Cultivation
5.4 Market Opportunities
5.4.1 Rising Demand of Alfalfa Hay as Equine Feed
5.5 Future Trends
5.5.1 Preference for Organic Alfalfa Hay
5.6 Impact of Drivers and Restraints:
6. Alfalfa Hay Market – Global Market Analysis
6.1 Alfalfa Hay Market Revenue (US$ Million), 2022–2030
6.2 Alfalfa Hay Market Forecast Analysis
7. Alfalfa Hay Market Analysis – by Type
7.1 Alfalfa Hay Bales
7.1.1 Overview
7.1.2 Alfalfa Hay Bales: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Alfalfa Hay Pellets
7.2.1 Overview
7.2.2 Alfalfa Hay Pellets: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Alfalfa Hay Cubes
7.3.1 Overview
7.3.2 Alfalfa Hay Cubes: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
8. Alfalfa Hay Market Analysis – by Application
8.1 Ruminant Feed
8.1.1 Overview
8.1.2 Ruminant Feed: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Equine Feed
8.2.1 Overview
8.2.2 Equine Feed: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Poultry Feed
8.3.1 Overview
8.3.2 Poultry Feed: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9. Alfalfa Hay Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Alfalfa Hay Market Overview
9.2.2 North America: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.2.3 North America: Alfalfa Hay Market Breakdown, by Type
9.2.3.1 North America: Alfalfa Hay Market – Revenue and Forecast Analysis – by Type
9.2.4 North America: Alfalfa Hay Market Breakdown, by Application
9.2.4.1 North America: Alfalfa Hay Market – Revenue and Forecast Analysis – by Application
9.2.5 North America: Alfalfa Hay Market – Revenue and Forecast Analysis – by Country
9.2.5.1 North America: Alfalfa Hay Market – Revenue and Forecast Analysis – by Country
9.2.5.2 US: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.2.5.2.1 US: Alfalfa Hay Market Breakdown, by Type
9.2.5.2.2 US: Alfalfa Hay Market Breakdown, by Application
9.2.5.3 Canada: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.2.5.3.1 Canada: Alfalfa Hay Market Breakdown, by Type
9.2.5.3.2 Canada: Alfalfa Hay Market Breakdown, by Application
9.2.5.4 Mexico: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.2.5.4.1 Mexico: Alfalfa Hay Market Breakdown, by Type
9.2.5.4.2 Mexico: Alfalfa Hay Market Breakdown, by Application
9.3 Europe
9.3.1 Europe Alfalfa Hay Market Overview
9.3.2 Europe: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.3.3 Europe: Alfalfa Hay Market Breakdown, by Type
9.3.3.1 Europe: Alfalfa Hay Market – Revenue and Forecast Analysis – by Type
9.3.4 Europe: Alfalfa Hay Market Breakdown, by Application
9.3.4.1 Europe: Alfalfa Hay Market – Revenue and Forecast Analysis – by Application
9.3.5 Europe: Alfalfa Hay Market – Revenue and Forecast Analysis – by Country
9.3.5.1 Europe: Alfalfa Hay Market – Revenue and Forecast Analysis – by Country
9.3.5.2 Germany: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.2.1 Germany: Alfalfa Hay Market Breakdown, by Type
9.3.5.2.2 Germany: Alfalfa Hay Market Breakdown, by Application
9.3.5.3 France: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.3.1 France: Alfalfa Hay Market Breakdown, by Type
9.3.5.3.2 France: Alfalfa Hay Market Breakdown, by Application
9.3.5.4 Italy: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.4.1 Italy: Alfalfa Hay Market Breakdown, by Type
9.3.5.4.2 Italy: Alfalfa Hay Market Breakdown, by Application
9.3.5.5 UK: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.5.1 UK: Alfalfa Hay Market Breakdown, by Type
9.3.5.5.2 UK: Alfalfa Hay Market Breakdown, by Application
9.3.5.6 Spain: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.6.1 Spain: Alfalfa Hay Market Breakdown, by Type
9.3.5.6.2 Spain: Alfalfa Hay Market Breakdown, by Application
9.3.5.7 Rest of Europe: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.3.5.7.1 Rest of Europe: Alfalfa Hay Market Breakdown, by Type
9.3.5.7.2 Rest of Europe: Alfalfa Hay Market Breakdown, by Application
9.4 Asia Pacific
9.4.1 Asia Pacific Alfalfa Hay Market Overview
9.4.2 Asia Pacific: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.4.3 Asia Pacific: Alfalfa Hay Market Breakdown, by Type
9.4.3.1 Asia Pacific: Alfalfa Hay Market – Revenue and Forecast Analysis – by Type
9.4.4 Asia Pacific: Alfalfa Hay Market Breakdown, by Application
9.4.4.1 Asia Pacific: Alfalfa Hay Market – Revenue and Forecast Analysis – by Application
9.4.5 Asia Pacific: Alfalfa Hay Market – Revenue and Forecast Analysis – by Country
9.4.5.1 Asia Pacific: Alfalfa Hay Market – Revenue and Forecast Analysis – by Country
9.4.5.2 China: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.2.1 China: Alfalfa Hay Market Breakdown, by Type
9.4.5.2.2 China: Alfalfa Hay Market Breakdown, by Application
9.4.5.3 Japan: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.3.1 Japan: Alfalfa Hay Market Breakdown, by Type
9.4.5.3.2 Japan: Alfalfa Hay Market Breakdown, by Application
9.4.5.4 India: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.4.1 India: Alfalfa Hay Market Breakdown, by Type
9.4.5.4.2 India: Alfalfa Hay Market Breakdown, by Application
9.4.5.5 Australia: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.5.1 Australia: Alfalfa Hay Market Breakdown, by Type
9.4.5.5.2 Australia: Alfalfa Hay Market Breakdown, by Application
9.4.5.6 South Korea: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.6.1 South Korea: Alfalfa Hay Market Breakdown, by Type
9.4.5.6.2 South Korea: Alfalfa Hay Market Breakdown, by Application
9.4.5.7 Rest of Asia Pacific: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.4.5.7.1 Rest of Asia Pacific: Alfalfa Hay Market Breakdown, by Type
9.4.5.7.2 Rest of Asia Pacific: Alfalfa Hay Market Breakdown, by Application
9.5 Middle East and Africa
9.5.1 Middle East and Africa Alfalfa Hay Market Overview
9.5.2 Middle East and Africa: Alfalfa Hay Market Breakdown, by Type
9.5.2.1 Middle East and Africa: Alfalfa Hay Market – Revenue and Forecast Analysis – by Type
9.5.3 Middle East and Africa: Alfalfa Hay Market Breakdown, by Application
9.5.3.1 Middle East and Africa: Alfalfa Hay Market – Revenue and Forecast Analysis – by Application
9.5.4 Middle East and Africa: Alfalfa Hay Market – Revenue and Forecast Analysis – by Country
9.5.4.1 Middle East and Africa: Alfalfa Hay Market – Revenue and Forecast Analysis – by Country
9.5.4.2 South Africa: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.5.4.2.1 South Africa: Alfalfa Hay Market Breakdown, by Type
9.5.4.2.2 South Africa: Alfalfa Hay Market Breakdown, by Application
9.5.4.3 Saudi Arabia: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.5.4.3.1 Saudi Arabia: Alfalfa Hay Market Breakdown, by Type
9.5.4.3.2 Saudi Arabia: Alfalfa Hay Market Breakdown, by Application
9.5.4.4 UAE: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.5.4.4.1 UAE: Alfalfa Hay Market Breakdown, by Type
9.5.4.4.2 UAE: Alfalfa Hay Market Breakdown, by Application
9.5.4.5 Rest of Middle East and Africa: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.5.4.5.1 Rest of Middle East and Africa: Alfalfa Hay Market Breakdown, by Type
9.5.4.5.2 Rest of Middle East and Africa: Alfalfa Hay Market Breakdown, by Application
9.6 South and Central America
9.6.1 South and Central America Alfalfa Hay Market Overview
9.6.2 South and Central America: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.6.3 South and Central America: Alfalfa Hay Market Breakdown, by Type
9.6.3.1 South and Central America: Alfalfa Hay Market – Revenue and Forecast Analysis – by Type
9.6.4 South and Central America: Alfalfa Hay Market Breakdown, by Application
9.6.4.1 South and Central America: Alfalfa Hay Market – Revenue and Forecast Analysis – by Application
9.6.5 South and Central America: Alfalfa Hay Market – Revenue and Forecast Analysis – by Country
9.6.5.1 South and Central America: Alfalfa Hay Market – Revenue and Forecast Analysis – by Country
9.6.5.2 Brazil: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.6.5.2.1 Brazil: Alfalfa Hay Market Breakdown, by Type
9.6.5.2.2 Brazil: Alfalfa Hay Market Breakdown, by Application
9.6.5.3 Argentina: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.6.5.3.1 Argentina: Alfalfa Hay Market Breakdown, by Type
9.6.5.3.2 Argentina: Alfalfa Hay Market Breakdown, by Application
9.6.5.4 Rest of South and Central America: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.6.5.4.1 Rest of South and Central America: Alfalfa Hay Market Breakdown, by Type
9.6.5.4.2 Rest of South and Central America: Alfalfa Hay Market Breakdown, by Application
10. Alfalfa Hay Market – Impact of COVID-19 Pandemic
10.1 Pre & Post COVID-19 Impact
11. Competitive Landscape
11.1 Heat Map Analysis
11.2 Company Positioning & Concentration
12. Company Profiles
12.1 Green Prairie International Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Douliere Hay France SAS
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 SL Follen Co
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Anderson Hay & Grain Co Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Standlee Premium Products LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 M&C Hay LLC
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 The Gombos Co LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Al Dahra Holding LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Ward Rugh Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Alfalfa Monegros SL
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. Alfalfa Hay Market Segmentation
Table 2. List of Vendors in Value Chain
Table 3. Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 5. Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. North America: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 7. North America: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 8. North America: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 9. US: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 10. US: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 11. Canada: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 12. Canada: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 13. Mexico: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 14. Mexico: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 15. Europe: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 16. Europe: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 17. Europe: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 18. Germany: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 19. Germany: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 20. France: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 21. France: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 22. Italy: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 23. Italy: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 24. UK: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 25. UK: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 26. Spain: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 27. Spain: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 28. Rest of Europe: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 29. Rest of Europe: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 30. Asia Pacific: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 31. Asia Pacific: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 32. Asia Pacific: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 33. China: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 34. China: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 35. Japan: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 36. Japan: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 37. India: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 38. India: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 39. Australia: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 40. Australia: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 41. South Korea: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 42. South Korea: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 43. Rest of Asia Pacific: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 44. Rest of Asia Pacific: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 45. Middle East and Africa: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 46. Middle East and Africa: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 47. Middle East and Africa: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 48. South Africa: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 49. South Africa: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 50. Saudi Arabia: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 51. Saudi Arabia: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 52. UAE: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 53. UAE: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 54. Rest of Middle East and Africa: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 55. Rest of Middle East and Africa: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 56. South and Central America: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 57. South and Central America: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 58. South and Central America: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 59. Brazil: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 60. Brazil: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 61. Argentina: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 62. Argentina: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 63. Rest of South and Central America: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 64. Rest of South and Central America: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 65. Heat Map Analysis
List of Figures
Figure 1. Alfalfa Hay Market Segmentation, by Geography
Figure 2. Porter’s Analysis
Figure 3. Ecosystem: Alfalfa Hay Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Alfalfa Hay Market Revenue (US$ Million), 2022–2030
Figure 6. Alfalfa Hay Market Share (%) – by Type (2022 and 2030)
Figure 7. Alfalfa Hay Bales: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Alfalfa Hay Pellets: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Alfalfa Hay Cubes: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Others: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Alfalfa Hay Market Share (%) – by Application (2022 and 2030)
Figure 12. Ruminant Feed: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Equine Feed: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Poultry Feed: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Others: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Alfalfa Hay Market Breakdown by Region, 2022 and 2030 (%)
Figure 17. North America: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 18. North America: Alfalfa Hay Market Breakdown, by Type (2022 and 2030)
Figure 19. North America: Alfalfa Hay Market Breakdown, by Application (2022 and 2030)
Figure 20. North America: Alfalfa Hay Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 21. US: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 22. Canada: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Mexico: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. Europe: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. Europe: Alfalfa Hay Market Breakdown, by Type (2022 and 2030)
Figure 26. Europe: Alfalfa Hay Market Breakdown, by Application (2022 and 2030)
Figure 27. Europe: Alfalfa Hay Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 28. Germany: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 29. France: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 30. Italy: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 31. UK: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 32. Spain: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 33. Rest of Europe: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 34. Asia Pacific: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 35. Asia Pacific: Alfalfa Hay Market Breakdown, by Type (2022 and 2030)
Figure 36. Asia Pacific: Alfalfa Hay Market Breakdown, by Application (2022 and 2030)
Figure 37. Asia Pacific: Alfalfa Hay Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 38. China: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 39. Japan: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 40. India: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 41. Australia: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 42. South Korea: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 43. Rest of Asia Pacific: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 44. Middle East and Africa: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 45. Middle East and Africa: Alfalfa Hay Market Breakdown, by Type (2022 and 2030)
Figure 46. Middle East and Africa: Alfalfa Hay Market Breakdown, by Application (2022 and 2030)
Figure 47. Middle East and Africa: Alfalfa Hay Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 48. South Africa: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 49. Saudi Arabia: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 50. UAE: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 51. Rest of Middle East and Africa: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 52. South and Central America: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 53. South and Central America: Alfalfa Hay Market Breakdown, by Type (2022 and 2030)
Figure 54. South and Central America: Alfalfa Hay Market Breakdown, by Application (2022 and 2030)
Figure 55. South and Central America: Alfalfa Hay Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 56. Brazil: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 57. Argentina: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 58. Rest of South and Central America: Alfalfa Hay Market – Revenue and Forecast to 2030(US$ Million)
Figure 59. Company Positioning & Concentration
The List of Companies - Alfalfa Hay Market
- Green Prairie International Inc
- Douliere Hay France SAS
- SL Follen Co
- Anderson Hay & Grain Co Inc
- Standlee Premium Products LLC
- M&C Hay LLC
- The Gombos Co LLC
- Al Dahra Holding LLC
- Ward Rugh Inc
- Alfalfa Monegros SL
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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