Asia Pacific Hay Market By Product (Hay Bales, Hay Pellets And Hay Cubes), By Type (Dairy Cow Feed, Beef Cattle & Sheep Feed, Pig Feed And Poultry Feed) And By Region - Industry Analysis, Size, Share, Growth, Trends And Forecasts 2018-2023

Asia Pacific Hay Market By Product (Hay Bales, Hay Pellets And Hay Cubes), By Type (Dairy Cow Feed, Beef Cattle & Sheep Feed, Pig Feed And Poultry Feed) And By Region - Industry Analysis, Size, Share, Growth, Trends And Forecasts 2018-2023

ID: 4816 | Pages: 145 | April 2018 | Region: Asia Pacific


Asia Pacific Hay Market was worth USD XX.XX billion in 2018 and estimated to be growing at a CAGR of X.XX%, to reach USD XX.XX billion by 2023. Hay is a collection of grass, legumes and other herbaceous plants that have been minced, dried and stored for use as animal feed. It is mainly a source of nutrition for grazing animals such as cattle, horses, goats and sheep.

The demand for hay is increasing all the more as farms are becoming more in number and farm animals are also increasing in number. The composition of hay may be widely varied with the most commonly used plants for hay including mixtures of grasses such as ryegrass, timothy, brome, fescue, Bermuda grass, orchard grass, and other species, depending on region. Hay may also include legumes, such as alfalfa and clovers which may be red, white and subterranean varieties.

The growth of the hay market is mainly driven by the decrease in farm land. When there is not enough pasture for grazing animals, hay is used to meet the nutritional demand of the animals. Other drivers of the market include introduction of new composition formulas for hay as well as the favourable government policies regarding farm animal welfare. As for the restraints of the market, the storage of hay is always a challenge. This along with the preference of farmers towards conventional grazing are the main restraints for the market growth.

The Asia Pacific Hay market is broadly classified on the basis of Product into Hay Bales, Hay Pellets and Hay Cubes and based on Type they are classified into Dairy Cow Feed, Beef Cattle & Sheep Feed, Pig Feed and Poultry Feed. Based on geography, the Asia-Pacific market is divided into India, China, South Korea, Japan and Australia. Asia-Pacific is expected to grow rapidly in the coming years as is evident from the high CAGR value for the region. In addition to having the highest growth rate, the region also has the third highest market share. The rapid growth of the region can be attributed to the developing stature of countries such as India and China.

The Hay market is highly competitive with a large number of players. Key market players dominating the market with their products are Anderson Hay & Grain, Border Valley, Knight Ag Sourcing, Hay USA, Bailey Farms, Hayday Farm, Barr-Ag, Standlee, Legal Alfalfa Products Ltd. And M&C Hay.

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 Product                                                        

                                5.1.1 Introduction                                           

                                5.1.2 Hay Bales                                 

                                5.1.3 Hay Pellets                                              

                                5.1.4 Hay Cubes                                               

                                5.1.5  Y-o-Y Growth Analysis, By Product                                              

                                5.1.6  Market Attractiveness Analysis, By Product                                            

                                5.1.7  Market Share Analysis, By Product                                              

                5.2 Type                                                              

                                5.2.1 Introduction                                           

                                5.2.2 Dairy Cow Feed                                     

                                5.2.3 Beef Cattle and Sheep Feed                                            

                                5.2.4 Pig Feed                                   

                                5.2.5 Poultry Feed                                          

                                5.2.6 Y-o-Y Growth Analysis, By Type                                     

                                5.2.7 Market Attractiveness Analysis, By Type                                   

                                5.2.8 Market Share Analysis, By Type                                     

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 Product                           

                                                6.1.3.3 By Type                 

                                6.1.4  Market Attractiveness Analysis                                     

                                                6.1.4.1 By Geographical Area                     

                                                6.1.4.2 By Product                           

                                                6.1.4.3 By Type                 

                                6.1.5  Market Share Analysis                                      

                                                6.1.5.1 By Geographical Area                     

                                                6.1.5.2 By Product                           

                                                6.1.5.3 By Type                 

                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 Anderson Hay & Grain                                                           

                                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 Border Valley                                                             

                8.3 Knight AG Sourcing                                                 

                8.4 Hay USA                                                       

                8.5 Bailey Farms                                                               

                8.6 Hayday Farms                                                            

                8.7 Barr-Ag                                                         

                8.8 Standlee                                                      

                8.9 Legal Alfalfa Products                                                             

                8.10 M&C 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                                                              

  • 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 Product 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 Asia Pacific Market; which includes broadly demographic, economic 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
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  1. Asia Pacific Hay Market By Product, From 2018-2023 ( USD Million )
  2. Asia Pacific Hay Bales Market By Region, From 2018-2023 ( USD Million )
  3. Asia Pacific Hay Pellets Market By Region, From 2018-2023 ( USD Million )
  4. Asia Pacific Hay Cubes Market By Region, From 2018-2023 ( USD Million )
  5. Asia Pacific Hay Market By Type, From 2018-2023 ( USD Million )
  6. Asia Pacific Dairy Cow Feed Market By Region, From 2018-2023 ( USD Million )
  7. Asia Pacific Beef Cattle and Sheep Feed Market By Region, From 2018-2023 ( USD Million )
  8. Asia Pacific Pig Feed Market By Region, From 2018-2023 ( USD Million )
  9. Asia Pacific Poultry Feed Market By Region, From 2018-2023 ( USD Million )
  10. Japan Hay Market By Product, From 2018-2023 ( USD Million )
  11. Japan Hay Market By Type, From 2018-2023 ( USD Million )
  12. China Hay Market By Product, From 2018-2023 ( USD Million )
  13. China Hay Market By Type, From 2018-2023 ( USD Million )
  14. India Hay Market By Product, From 2018-2023 ( USD Million )
  15. India Hay Market By Type, From 2018-2023 ( USD Million )
  16. Australia Hay Market By Product, From 2018-2023 ( USD Million )
  17. Australia Hay Market By Type, From 2018-2023 ( USD Million )
  18. South Korea Hay Market By Product, From 2018-2023 ( USD Million )
  19. South Korea Hay Market By Type, From 2018-2023 ( USD Million )
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