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Pulished Date April, 2021
ID: 6405
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Asia Pacific Alfalfa Hay Market By Type (Bales, Pellets, Cubes), Application (Meat/Dairy Animal Feed, Poultry Feed, Horse Feed, Other) And Region -Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2021-2026).

Pulished: April, 2021
ID: 6405
Pages: 145

Asia Pacific Alfalfa Hay Market Size, Growth, Trends and Forecast:

Asia Pacific Alfalfa Hay market is anticipated to grow at XX% CAGR from 2021 to 2026 and it is estimated that the Asia Pacific market was valued at USD XX billion in 2021 and is expected to reach USD XX billion by 2026.

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.

Asia Pacific Alfalfa Hay Market Drivers:

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. 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.

Asia Pacific Alfalfa Hay Market Segmentation:

Asia Pacific Alfalfa Hay Market - By Type:

  • Pellets

  • Bales
  • Cubes

Asia Pacific Alfalfa Hay Market - By Application:

  • Meat/Dairy Animal Feed
  • Poultry Feed
  • Horse Feed
  • Other

Geographical Analysis:

Based on geography, the market is segmented into

  • India
  • China
  • Japan,
  • Australia
  • South Korea

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.

Key Players:

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, 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        

                                       By Geographical Area

                                       By Type

                                       By Application

                                6.1.4  Market Attractiveness Analysis     

                                       By Type

                                       By Application

                                6.1.5  Market Share Analysis      

                                       By Geographical Area

                                       By Type

                                       By Application

                6.2 China                             

                6.3 India                              

                6.4 Japan                            

                6.5 South Korea                               

                6.6 Australia                      

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                                         


                a) List of Tables                

                b) List of Figures                              

  • 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 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 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. Asia Pacific Alfalfa Hay Market By  Type, From 2021-2026( USD Million )
  2. Asia Pacific Bales Market By Region, From 2021-2026( USD Million )
  3. Asia Pacific Pellets Market By Region, From 2021-2026( USD Million )
  4. Asia Pacific Cubes Market By Region, From 2021-2026( USD Million )
  5. Asia Pacific Alfalfa Hay Market By Application, From 2021-2026( USD Million )
  6. Asia Pacific Meat/Dairy Animal Feed Market By Region, From 2021-2026( USD Million )
  7. Asia Pacific Poultry Feed Market By Region, From 2021-2026( USD Million )
  8. Asia Pacific Horse Feed Market By Region, From 2021-2026( USD Million )
  9. Asia Pacific Other Market By Region, From 2021-2026( USD Million )
  10. Japan Alfalfa Hay Market By  Type, From 2021-2026( USD Million )
  11. Japan Alfalfa Hay Market By Application, From 2021-2026( USD Million )
  12. China Alfalfa Hay Market By  Type, From 2021-2026( USD Million )
  13. China Alfalfa Hay Market By Application, From 2021-2026( USD Million )
  14. India Alfalfa Hay Market By  Type, From 2021-2026( USD Million )
  15. India Alfalfa Hay Market By Application, From 2021-2026( USD Million )
  16. Australia Alfalfa Hay Market By  Type, From 2021-2026( USD Million )
  17. Australia Alfalfa Hay Market By Application, From 2021-2026( USD Million )
  18. South Korea Alfalfa Hay Market By  Type, From 2021-2026( USD Million )
  19. South Korea Alfalfa Hay Market By Application, From 2021-2026( USD Million )

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