苜蓿牧草的全球市場:現狀分析與預測(2021年～2027年)

Alfalfa Hay Market: Current Analysis and Forecast (2021-2027)

出版日期: 2022年09月01日 | 出版商:

UnivDatos Market Insights Pvt Ltd | 英文 145 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

全球苜蓿牧草的市場規模在預測期間(2021年～2027年)中預計將以約6％的年複合成長率成長。乳製品和畜產物的需求增加，放牧地的縮小，高產量牛的增加，推動了苜蓿牧草市場成長。

本報告提供全球苜蓿牧草市場的相關調查，提供市場洞察，市場趨勢，競爭模式，企業概要等全面性資訊。

Surging demand for dairy and animal products, shrinking of the land for grazing animals, growth in high-yielding cattle are some of the prominent factors that are driving the market of alfalfa hay. One of the most important characteristics of alfalfa is its high nutritional quality as animal feed. Alfalfa produces more protein per acre than any other crop. Alfalfa hay contains 15-22% crude protein and is also an excellent source of vitamins and minerals. Specifically, alfalfa contains vitamins A, D, E, K, U, C, B1, B2, B6, B12, niacin, pantothenic acid, inositol, biotin, and folic acid.

Factors such as low availability of substitutes, budget-friendly, prolonged shelf life, and emerging e-commerce sector are some of the prominent factors that are contributing to the market growth. As per OEC, Between 2019 and 2020 the exports of Seed, lucerne (alfalfa), for sowing grew by 13.4%, from US$253M to US$286M. Trade-in Seed, lucerne (alfalfa), for sowing represent 0.0017% of total world trade. Moreover, companies across the globe are more focused on strategic alliances, which is contributing to market growth. For instance: Anderson Hay & Grain Inc. has entered a joint venture with Agitha Group, the UAE animal feed market leader. The venture is formed with the objective to serve the consumers better in the UAE and GCC.

The Global Alfalfa Hay market is expected to register a CAGR of around 6% over the period of 2021-2027. Hay is the 3rd largest U.S. crop in terms of harvest acres. It also provides environmental services, notably erosion control. As per USDA, Production of alfalfa and alfalfa mixture dry hay for 2021 is forecast at 48.2 million tons, up 1 percent from the August forecast, but down 9% from 2020. As of 2019, some of the alfalfa hay-producing states in the United States are California with 7,060 thousand metric tons, Idaho with 5,111 thousand metric tons, and Minnesota with 2,966 thousand metric tons. These states account for nearly 27.0% of the alfalfa hay production in the country. As per the University of California, 61% of all hay sold on international markets is sown, grown, and swathed in the United States. The total value of U.S. alfalfa hay exports has also steadily risen from around $600 million in 2014 to a little more than $1 billion in 2021

Al Dahra ACX Global Inc., Alfalfa Monegros SL, Anderson Hay & Grain Inc., Bailey Farms, Border Valley, Standlee Premium Products, LLC, Cubeit Hay Company, Glenvar Hay, Green Prairie International, and Grupo Oses, etc., are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst application, diry animal feed category accounted for the majority share in the market in 2020"

Based on the application, the market is fragmented into dairy animal feed, poultry feed, horse feed, and others. The dairy animal feed segment grabbed a considerable market share and captured USD XX Mn in 2020. The growing number of dairy animals such as cattle, goats, etc., and decreasing land for grazing are leading to the growing demand for the alfalfa hay from this segment. In 2015, there were 969.2 million heads of cattle which further increased to 996.1 in 2021

"Amongst cubes, cubes segment is expected to witness highest CAGR during the forecast period"

Based on the type, the market is fragmented into bales, pallets, and cubes. The alfalfa the cubes segment grabbed the major market share owing to the benefit over bales as bales are heavy, messy, and cumbersome. As much as 20% of conventional hay may be wasted when fed. The benefits such as controlled feed intake, less dust than long-stem hay, reduced storage requirements, ease of handling, and reduced transportation cost are acting as a growth catalyst to the industry

"North America to witness significant growth during the forecast period"

For a better understanding of the market adoption of the Alfalfa Hay market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America region grabbed the major market for the Alfalfa Hay Market industry in 2020. However, the Europe region would witness a considerable CAGR during the forthcoming years.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

The Global Alfalfa Hay market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

1 MARKET INTRODUCTION

1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of Alfalfa Hay Market
2.2. Research Methodology of Alfalfa Hay Market
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of Alfalfa Hay Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL ALFALFA HAY MARKET COVID-19 IMPACT

6 GLOBAL ALFALFA HAY MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY APPLICATION

7.1. Dairy animal feed
7.2. Poultry feed
7.3. Horse feed
7.4. Others

8 MARKET INSIGHTS BY TYPE

8.1. Bales
8.2. Pellets
8.3. Cubes

9 MARKET INSIGHTS BY END-USER

9.1. Poultry
9.2. Cattle
9.3. Livestock
9.4. Others

10 MARKET INSIGHTS BY REGION

10.1. North America Alfalfa Hay Market
- 10.1.1. United States
- 10.1.2. Canada
- 10.1.3. Rest of North America
10.2. Europe Alfalfa Hay Market
- 10.2.1. United Kingdom
- 10.2.2. Germany
- 10.2.3. France
- 10.2.4. Italy
- 10.2.5. Spain
- 10.2.6. Rest of Europe
10.3. Asia Pacific Alfalfa Hay Market
- 10.3.1. China
- 10.3.2. Japan
- 10.3.3. India
- 10.3.4. Australia
- 10.3.5. Rest of Asia Pacific
10.4. Rest of World Alfalfa Hay Market