APAC Alfalfa Hay Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 10.29 Billion |
| Market Size (2029) | USD 13.27 Billion |
| CAGR (2024 - 2029) | 5.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Alfalfa Hay Market Analysis
The Asia-Pacific Alfalfa Market size is estimated at USD 10.29 billion in 2024, and is expected to reach USD 13.27 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).
Alfalfa is an important feed for dairy cattle, beef cattle, horses, sheep, and goats. Asia-Pacific is expected to witness the fastest growth during the forecast period. The increasing demand for high-quality hay for increasing milk production is the key factor driving the growth of the alfalfa market.
Owing to the benefits of alfalfa, including high contents of nutrients, protein, and energy that help improve the overall growth of the livestock, the global alfalfa market is expected to witness significant growth in the near future. Considering the increasing popularity of the product, it is expected that the production of the alfalfa will increase exponentially in Asia-pacific. China is the largest importer of alfalfa from the United States.
APAC Alfalfa Hay Market Trends
This section covers the major market trends shaping the APAC Alfalfa Hay Market according to our research experts:
High Nutritional Property Of Alfalfa
Alfalfa is one of the most important feed sources for animals globally, owing to its nutritional benefits. Alfalfa hay is used, primarily as an animal feed, for dairy cows, for horses, beef cattle, sheep, chickens, turkeys, and other farm animals. These hays are higher in protein and minerals and are more palatable than grass hays. Alfalfa in particular is high in energy and is an excellent source of vitamins and minerals.
It contains between 15 to 22% crude protein as well as an excellent source of a wide range of vitamins and minerals. It has the most feed value of all perennial pasture forages. Due to the high nutritional content of alfalfa, the demand is growing in the market. This rich nutritional content of alfalfa drives the market as the need for the quality feed for animals is increasing.
Increasing Livestock Production is Driving The Hay Market
Increasing demand for the dairy & animal products, decreasing grazing land and increasing livestock production have a postive imapct on the growth of alfalfa market significantly. This is essentially due to the increasing number of cows raised by modern dairy farmers who prefer using imported hay and commercial feeds.
Superior quality alfalfa hay (low maturity) fed to livestock promotes maximum returns in milk and meat production. High quality alfalfa hay contains less neutral fiber that is more digestible. This allows for greater dry matter intake, supporting higher milk production. The dairy sector is essentially boosting the demand for alfalfa hay in this region.
APAC Alfalfa Hay Industry Overview
China and Japan are the major importers of the alfalfa among all the Asia-Pacific countries. Few top players that supply alfalfa to the studied market are Alfalfa Monegros SL., Anderson Hay & Grain Co, S&S Agrisource Holding LLC, Al Dahra ACX Global Inc., etc.
APAC Alfalfa Hay Market Leaders
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Alfalfa Monegros, S.L.
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Anderson hay & grain co
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S&S Agrisource Holding LLC
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Al Dahra ACX Global, Inc
*Disclaimer: Major Players sorted in no particular order
APAC Alfalfa Hay Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Bales
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5.1.2 Pellets
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5.1.3 Cubes
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5.2 Application
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5.2.1 Meat/dairy animal feed
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5.2.2 Poultry
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5.2.3 Horse feed
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5.2.4 Other Applications
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5.3 Geography
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5.3.1 China
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5.3.2 Japan
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5.3.3 India
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5.3.4 Australia
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5.3.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Market Share Analysis
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6.2 Most Adopted Strategies
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6.3 Company Profiles
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6.3.1 Alfalfa Monegros SL
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6.3.2 Anderson Hay & Grain Co.
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6.3.3 S&S Agrisource Holding LLC
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6.3.4 Al Dahra ACX Global Inc.
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6.3.5 The Accomazzo Company
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6.3.6 Border Valley Trading
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6.3.7 Bailey Farms Inc.
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6.3.8 Cubeit Hay Company
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Alfalfa Hay Industry Segmentation
The APAC alfalfa hay market is segmented by type into bales, pellets and cubes. By application, it is segmented into meat/dairy animal feed, horse feed poultry, and others. By geography, the market is segmented into China, Japan, India, Australia, and Rest of Asia-Pacific. The report provides an in-depth analysis of the PAC alfalfa hay market. The study discusses the scope, size, and growth of the industry. The forecasts illustrate the five-year industry performance, y-o-y growth rates, and the competitive environment.
| Type | |
| Bales | |
| Pellets | |
| Cubes |
| Application | |
| Meat/dairy animal feed | |
| Poultry | |
| Horse feed | |
| Other Applications |
| Geography | |
| China | |
| Japan | |
| India | |
| Australia | |
| Rest of Asia-Pacific |
APAC Alfalfa Hay Market Research FAQs
How big is the Asia-Pacific Alfalfa Market?
The Asia-Pacific Alfalfa Market size is expected to reach USD 10.29 billion in 2024 and grow at a CAGR of 5.20% to reach USD 13.27 billion by 2029.
What is the current Asia-Pacific Alfalfa Market size?
In 2024, the Asia-Pacific Alfalfa Market size is expected to reach USD 10.29 billion.
Who are the key players in Asia-Pacific Alfalfa Market?
Alfalfa Monegros, S.L., Anderson hay & grain co, S&S Agrisource Holding LLC and Al Dahra ACX Global, Inc are the major companies operating in the Asia-Pacific Alfalfa Market.
What years does this Asia-Pacific Alfalfa Market cover, and what was the market size in 2023?
In 2023, the Asia-Pacific Alfalfa Market size was estimated at USD 9.78 billion. The report covers the Asia-Pacific Alfalfa Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Alfalfa Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Alfalfa Industry Report
Statistics for the 2024 Asia-Pacific Alfalfa market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Asia-Pacific Alfalfa analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
