Pulished Date October, 2018
ID: 6402
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Alfalfa Hay Market By Type (Bales, Pellets, Cubes), Application (Meat/Dairy Animal Feed, Poultry Feed, Horse Feed, Other) And Region -Global Industry Analysis, Size, Share, Growth, Trends, And Forecast To 2024

Pulished: October, 2018
ID: 6402
Pages: 175

Alfalfa Hay market is anticipated to grow at XX% CAGR from 2018 to 2023and it is estimated that the global market was valued at USD XX billion in 2018 and is expected to reach USD XX billion by 2023.

Alfalfa hay is considered as a vital part of the feed given to cattle, horses, dairy cows, goats, and sheep. It is an excellent source of good quality protein and fiber. Alfalfa is a legume hay and is sometimes called Lucerne. They have higher protein and minerals content as compared to regular hay and also are more palatable than grass hays. Alfalfa, in particular, is high in energy and is an excellent source of vitamins and minerals. Of all the perennial pasture forages, alfalfa has the highest feed values.

An increase in the demand for dairy and animal products, shrinking of the land for grazing of animals, and growth in high yielding cattle, bred cattle demand for feed is driving the alfalfa hay market globally. Growing investment in huge scale dairy operations to meet the demands of commercial dairy operators is further expected to aid the market growth. However, the decreasing land acreage due to drastically growing urbanization, competition regarding high crop value crops, and water restrictions are some of the important factors hindering the growth of alfalfa hay market. Growing demand of alfalfa in certain developing regions has led to price surges which in turn has slow down the market growth. This has caused the dairy producers to consider the replacement, thus lowering the rates for alfalfa hay again this year.  An increase in the demand for animal and dairy products across the whole world is likely to increase the demand for alfalfa hay during the forecast period. The alfalfa hay is primarily used for animal rearing and it delivers high feed value.  High prices of alfalfa in certain is anticipated to hinder the growth of the market.

The global Alfalfa Hay market is segmented on the basis of Type and Application. On the basis of Type, it is segmented into Pellets, Bales, and Cubes. On the basis of Application, it is segmented into Meat/Dairy Animal Feed, Poultry Feed, Horse Feed and Other.

Based on geography, the market is segmented into Europe, North America, Asia Pacific, Latin America and Middle East and Africa. North America is the leading producer of alfalfa hay. U.S. is the largest producer of alfalfa hay due to the availability of considerable amount of arable lands. Europe is the second largest producer of alfalfa hay. Italy leads the production in the Europe region. Stringent government policies in countries like China and India for alfalfa hay, lack of processing capacity for large-scale commercial farms, and rising grain prices are expected to act as restraints on the alfalfa hay market. Middle East and Africa market are also anticipated to register significant growth rate in the coming years. Latin America is expected to witness lucrative growth due to the presence of considerable amount of arable land to produce alfalfa in developing regions like Argentina.

Some of the key players dominating the market are Alfalfa Monegros, S.L., Coaba, Los Venteros S.C., Grupo Osés, Haykingdom Inc, STANDLEE HAY COMPANY, Green Prairie International, Cubeit Hay Company, M&C Hay, Glenvar Hay, McCRACKEN HAY COMPANY, SL Follen Company, Al Dahra ACX Global Inc., Anderson Hay & Grain Inc., Border Valley, Knight Ag Sourcing, Hay USA, Bailey Farms, Riverina Pty Ltd and Gruppo Carli.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Bales          

                                5.1.3 Pellets       

                                5.1.4 Cubes        

                                5.1.5 Y-o-Y Growth Analysis, By Type     

                                5.1.6 Market Attractiveness Analysis, By Type   

                                5.1.7 Market Share Analysis, By Type     

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Meat/Dairy Animal Feed   

                                5.2.3 Poultry Feed          

                                5.2.4 Horse Feed             

                                5.2.5 Other        

                                5.2.6 Y-o-Y Growth Analysis, By Application         

                                5.2.7 Market Attractiveness Analysis, By Application       

                                5.2.8 Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.2 By Type

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Alfalfa Monegros                     

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 S.L. Coaba                   

                8.3 Los Venteros S.C.                     

                8.4 Grupo Osés                

                8.5 Haykingdom Inc                        

                8.6 STANDLEE HAY COMPANY                   

                8.7 Green Prairie International                  

                8.8 Cubeit Hay Company                              

                8.9 M&C Hay                     

                8.10 Glenvar Hay                             

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms Application market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Alfalfa Hay Market By Region, From 2019-2024 ( USD Million )
  2. Global Alfalfa Hay Market By  Type, From 2019-2024 ( USD Million )
  3. Global Bales Market By Region, From 2019-2024 ( USD Million )
  4. Global Pellets Market By Region, From 2019-2024 ( USD Million )
  5. Global Cubes Market By Region, From 2019-2024 ( USD Million )
  6. Global Alfalfa Hay Market By Application, From 2019-2024 ( USD Million )
  7. Global Meat/Dairy Animal Feed Market By Region, From 2019-2024 ( USD Million )
  8. Global Poultry Feed Market By Region, From 2019-2024 ( USD Million )
  9. Global Horse Feed Market By Region, From 2019-2024 ( USD Million )
  10. Global Other Market By Region, From 2019-2024 ( USD Million )

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