Alfalfa Hay Market Analysis, Size, and Growth (2023-2030)
Alfalfa Hay Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 15.99 Billion |
Market Size by 2030 | US$ 21.56 Billion |
Global CAGR (2022 - 2030) | 3.8% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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.