Alfalfa Hay Market Report by Type (Bales, Pellets, Cubes), Application (Daily Animal Feed, Poultry Feed, Horse Feed, and Others), End User (Poultry, Cattle, Livestock, and Others), and Region 2024-2032

Alfalfa Hay Market Report by Type (Bales, Pellets, Cubes), Application (Daily Animal Feed, Poultry Feed, Horse Feed, and Others), End User (Poultry, Cattle, Livestock, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4779
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Market Overview:

The global alfalfa hay market size reached 271.7 Million Metric Tons in 2023. Looking forward, IMARC Group expects the market to reach 416.5 Million Metric Tons by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.

Report Attribute
 Key Statistics 
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
271.7 Million Metric Tons
Market Forecast in 2032
416.5 Million Metric Tons
Market Growth Rate 2024-2032 4.7%


Alfalfa hay is a forage source obtained from the alfalfa, or lucerne, plant. It is commonly used in the feed for ruminants, cattle, poultry and horses and is available in the form of bales, pellets and cubes. Alfalfa hay is a rich source of energy, protein, fiber, calcium, vitamins and minerals and is produced by harvesting the crop with a swather and sun drying it in strips. The dried strips are mechanically compressed into bales and further turned into smaller cubes and pellets. In comparison to the traditionally used grass hay, alfalfa hay has a nutrient content and is more palatable. It is also used in the manufacturing of nutritional supplements to promote growth and improve the immune system in animals.

Alfalfa Hay Market Trends:

The increasing consciousness regarding animal nutrition among the masses is one of the key factors driving the growth of the market. Moreover, the shifting consumer preference toward premium-quality dairy and meat products is providing a thrust to the market growth. Alfalfa hay is an environment-friendly and cost-effective feed alternative with a long shelf-life. It is added to cattle feed to improve the quality and quantity of milk produced. Additionally, the utilization of hay manufactured with non-genetically modified organisms (non-GMO) crops is acting as another growth-inducing factor. This can also be attributed to the increasing consumer demand for chemical-free meat and milk-based products. Product manufactures are utilizing innovative harvesting and processing machinery to produce long-fiber hay products and cubes with enhanced fiber content. Other factors, including significant growth in the agriculture industry, along with extensive research and development (R&D) activities in the field of animal husbandry, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global alfalfa hay market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, application and end user.

Breakup by Type:

  • Bales
  • Pellets
  • Cubes
     

Breakup by Application:

  • Daily Animal Feed
  • Poultry Feed
  • Horse Feed
  • Others
     

Breakup by End User:

  • Poultry
  • Cattle
  • Livestock
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Al Dahra ACX Inc., Alfalfa Monegros, Anderson Hay & Grain Co Inc., Bailey Farms International, Green Prairie International Inc., Hay USA Inc., Oxbow Animal Health, Riverina (Mitsubishi Corporation), Sacate Pellet Mills Inc., SL Follen Company, Standlee Premium Products LLC, and Zille S.A.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Metric Tons
Segment Coverage Type, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Al Dahra ACX Inc., Alfalfa Monegros, Anderson Hay & Grain Co Inc., Bailey Farms International, Green Prairie International Inc., Hay USA Inc., Oxbow Animal Health, Riverina (Mitsubishi Corporation), Sacate Pellet Mills Inc., SL Follen Company, Standlee Premium Products LLC, and Zille S.A
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the global alfalfa hay market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global alfalfa hay market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global alfalfa hay market and who are the key players?
  • What is the degree of competition in the industry?

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Alfalfa Hay Market Report by Type (Bales, Pellets, Cubes), Application (Daily Animal Feed, Poultry Feed, Horse Feed, and Others), End User (Poultry, Cattle, Livestock, and Others), and Region 2024-2032
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