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Pulished Date August, 2021
ID: 11966
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Alfalfa Seeds Market Segmentation By Type (Dormant Seed, Non-Dormant Seed), By Variety (Open Pollinated, Hybrids), and Region - Industry Analysis, Share, Growth and Forecast 2021-2026.

Pulished: August, 2021
ID: 11966
Pages: 185

Alfalfa Seeds Market Size, Growth, Trends and Forecast:

Alfalfa is widely used around the world as a high protein fodder source for livestock in pastures and hay mixes. Alfalfa is considered the “queen” of forages and is an important component of the processed forage industry. It is widely used as a high-quality feed in the dairy industry. As a result, alfalfa seed production is an important crop in several regions. The high nutritional quality of alfalfa as a feed is one of its most essential properties. Alfalfa is a good source of vitamins and minerals and includes 15-22 percent crude protein. Specifically, alfalfa contains many important vitamins and acids such as Vitamin A, B1, B2, B6, B12, C, D, E, K, U, niacin, pantothenic acid, inositol, biotin and folic acid. Alfalfa also contains many minerals such as calcium, phosphorus, sodium, potassium, chlorine, magnesium, sulfur, copper, iron, manganese, cobalt, etc. In addition, alfalfa is also consumed directly by humans in the form of alfalfa sprouts. Alfalfa juice is used in some natural food products. Due to its great versatility, alfalfa has been used as hay, silage, pasture, green cutting or rotation crops.

The growth in animal production is likely to generate a demand for better forage crops, as there is a strong demand for better quality meat. Alfalfa is widely used in multi-animal feeding programs in the United States due to better prospects for yield and quality. Using hybrid alfalfa seeds, high-quality forage can be generated for the animals, resulting in a higher yield on less area than when non-hybrid seeds are grown on the same acreage. In the forage seed market, the demand of alfalfa seeds is growing and farmers are ready to pay high amounts for seeds,

Impact of COVID-19 on the Alfalfa Seeds Market:

The COVID-19 pandemic has affected the production, distribution and cost of alfalfa seeds, which play a fundamental role in the development of resilient value chains. Availability and cost of transport due to the reduction in the number of commercial flights. Labor shortages for production and transportation and the shrinking market for plants and seeds had also created problems in the production of alfalfa seeds for international trade. But production is expected to remain stable, following a reduction in government restrictions such as travel restrictions and trade bans. Business started to pick up after taking all necessary preventive measures, such as regular temperature checks, the use of personal protective equipment and limited staff.

Recent Developments:

  • In 2016, Maison Florimond Desprez a France-based plant breeding and commercial alfalfa seed business was acquired by DLF Seeds.
  • In 2019, S&W Seed Company and Corteva Agriscience announced that they have entered into a new mutually beneficial alfalfa agreement to receive an exclusive, fully prepaid license to produce and distribute certain varieties owned by S&W.
  • In 2020, Calyxt, Inc. announced that it has entered into commercial terms with S&W Seed Company for the exclusive license of quality improved alfalfa seed in the United States and other selected geographies. This is the company's first commercial trait licensing arrangement, and sales predictions in the United States suggest that the trait may produce more than $ 10 million in licensing revenue over the patent’s lifetime.

Drivers and Restraints of Alfalfa Seeds Market:

Drivers:

Demand for Alfalfa Seeds Rises Due to the growing awareness of protein and healthy foods and the trend of consumers to include healthy foods in their diets, the demand for healthy dairy products and meats is increasing, which is resulting in a demand for forage crops such as alfalfa seeds are widely used in feeding programs for various types of livestock due to better prospects for yield and quality.

Restraints:

In developing countries like India, China, Brazil, Indonesia, etc., the production of fodder crops is negligible. Lack of sufficient knowledge in developing countries is hampering the growth of the global alfalfa seed market. Consuming alfalfa seed products can cause reactions similar to the autoimmune disease called lupus erythematosus. Alfalfa can also make some people's skin more sensitive to the sun. The use of alfalfa in cattle grazing has been limited due to its tendency to cause swelling in pastures. The risk of bloat in cattle is highest when alfalfa is in the vegetative stage or at the start of flowering.

Alfalfa Seeds Market Segmentation:

By Type, The Alfalfa seeds market is segmented by type into dormant seed and non-dormant seed. The non-dormant seed is expected to have high demand as they tend to yield more because non-dormant seed types start growing earlier in the spring and start regrowing faster after harvest.

By Variety, The Alfalfa seeds market is segmented by variety into open-pollinated and hybrid seeds. The hybrid seed segment is growing at a high pace as using hybrid alfalfa seeds can help produce high-quality fodder for animals, thereby providing a better yield in less land, as compared to the open-pollinated seeds production within the same land. In order to boost agricultural yield, farmers prefer hybrid seeds. Because forage crops have less space devoted to them than other crops, the usage of hybrid seeds is fast expanding to meet difficulties such as limited cropland and lower yield.

Regional Analysis:

The largest regional area of the alfalfa seed market is North America, which accounts for 37.6% of the overall global alfalfa seed market. North America Dominates the Global Market Over 85% of alfalfa seed production is produced in North America, followed by Asia-Pacific and Europe. North America produces over 100 million pounds of alfalfa seeds each year. Europe is next in leading the shares of the market. Growing prevalence for the quality food products is levelling up the demand of the market in this region. Asia Pacific is to hit the highest CAGR in the coming period. The Latin American market for alfalfa seeds is growing at a very high rate. The Middle East and Africa are a huge market for alfalfa seeds as demand for meat and meat products increases and alfalfa is used as fodder for animals in the region.

Leading company:

S&W seed Company is the leading company in the global alfalfa seed market, as it is highly involved in various acquisitions, product launches, and partnerships, in order to consolidate its position in the market.

Key players:

Major Players in the market include Alforex Seeds LLC, DLF International Seeds, La Crosse Seed, S&W Seed Company, and Bayer CropScience. The alfalfa seed market is highly fragmented, with no single company holding a dominant stake. Several small enterprises dedicated to the manufacturing of alfalfa seeds account for around half of the market.

1. Introduction                        

            1.1 Market Definition             

            1.2 Scope of the report                      

            1.3 Study Assumptions                      

            1.4 Base Currency, Base Year and Forecast Periods                      

2. Research Methodology                             

            2.1 Analysis Design               

            2.2 Research Phases            

                        2.2.1 Secondary Research    

                        2.2.2 Primary Research        

                        2.2.3 Data Modelling  

                        2.2.4 Expert Validation           

            2.3 Study Timeline                 

3. Report Overview                           

            3.1 Executive Summary                    

            3.2 Key Inferencees              

4. Market Dynamics                          

            4.1 Impact Analysis               

                        4.1.1 Drivers  

                        4.1.2 Restaints           

                        4.1.3 Opportunities     

            4.2 Regulatory Environment              

            4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                                  

            5.1 Key Player Benchmarking                      

                        5.1.1 Market share analysis   

                        5.1.2 Products/Service          

                        5.1.3 Regional Presence       

            5.2 Mergers & Acquistion Landscape            

            5.3 Joint Ventures & Collaborations              

6. Market Segmentation                                

            6.1 Alfalfa Seeds Market, By Type               

                        6.1.1 Dormant Seed  

                        6.1.2 Non-Dormant Seed      

                        6.1.3 Market Size Estimations & Forecasts (2021-2026)      

                        6.1.4 Y-o-Y Growth Rate Analysis    

                        6.1.5 Market Attractiveness Index     

            6.2 Alfalfa Seeds Market, By Variety            

                        6.2.1 Open Pollinated

                        6.2.2 Hybrids  

                        6.2.3 Market Size Estimations & Forecasts (2021-2026)      

                        6.2.4 Y-o-Y Growth Rate Analysis    

                        6.2.5 Market Attractiveness Index     

7. Geographical Landscape                           

            7.1 Global Identity Governance and Administration Market, by Region                   

            7.2 North America - Market Analysis (2018 - 2024)             

                        7.2.1 By Country        

                                    7.2.1.1 USA

                                    7.2.1.2 Canada

                        7.2.2 By Type

                        7.2.3 By Variety         

            7.3 Europe                 

                        7.3.1 By Country        

                                    7.3.1.1 UK

                                    7.3.1.2 France

                                    7.3.1.3 Germany

                                    7.3.1.4 Spain

                                    7.3.1.5 Italy

                                    7.3.1.6 Rest of Europe

                        7.3.2 By Type

                        7.3.3 By Variety         

            7.4 Asia Pacific                      

                        7.4.1 By Country        

                                    7.4.1.1 China

                                    7.4.1.2 India

                                    7.4.1.3 Japan

                                    7.4.1.4 South Korea

                                    7.4.1.5 South East Asia

                                    7.4.1.6 Australia & NZ

                                    7.4.1.7 Rest of Asia-Pacific

                        7.4.2 By Type

                        7.4.3 By Variety         

            7.5 Latin America                   

                        7.5.1 By Country        

                                    7.5.1.1 Brazil

                                    7.5.1.2 Argentina

                                    7.5.1.3 Mexico

                                    7.5.1.4 Rest of Latin America

                        7.5.2 By Type

                        7.5.3 By Variety         

            7.6 Middle East and Africa                

                        7.6.1 By Country        

                                    7.6.1.1 Middle East

                                    7.6.1.2 Africa

                        7.6.2 By Type

                        7.6.3 By Variety         

8. Key Player Analysis                                   

            8.1 S&W seed                        

                        8.1.1 Business Description    

                        8.1.2 Products/Service          

                        8.1.3 Financials          

                        8.1.4 SWOT Analysis

                        8.1.5 Recent Developments  

                        8.1.6 Analyst Overview         

            8.2 Alforex Seeds LLC                      

            8.3 DLF International Seeds              

            8.4 La Crosse Seed               

            8.5 Bayer CropScience                     

9. Market Outlook & Investment Opportunities                                 

10. Appendix                          

            List of Tables              

            List of Figures            

  • Global, regional 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 of technology, component, and type along with 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 analysing 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
  • Global Alfalfa Seeds Market By Region, From 2021-2026 ( USD Billion )
  • Global Alfalfa Seeds Market By Type, From 2021-2026 ( USD Billion )
  • Global Dormant Seed Market By Region, From 2021-2026 ( USD Billion )
  • Global Non-Dormant Seed Market By Region, From 2021-2026 ( USD Billion )
  • Global Alfalfa Seeds Market By Variety , From 2021-2026 ( USD Billion )
  • Global Open Pollinated Market By Region, From 2021-2026 ( USD Billion )
  • Global Hybrids Market By Region, From 2021-2026 ( USD Billion )

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