Increasing Consciousness Regarding Animal Nutrition is Expected to Proliferate The Alfalfa Hay Market

The Global Alfalfa Hay Market is likely to showcase a robust growth of around ~6% during the forecast period (2021-2027). A comprehensive overview of the global alfalfa hay market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Alfalfa Hay market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the global market at regional and country levels.

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Market Overview

A rise in the livestock population across the globe is one of the prominent reasons due to which the demand for alfalfa hay is on the rise. Alfalfa hay supports rumen health and fermentative digestion, promoting total health in animals. Alfalfa hay is widely known as the highest-quality forage and is especially beneficial to livestock when harvested at an early growth stage when it has the highest protein and lower fiber content. Moreover, alfalfa is widely recognized as a significant component of most dairy rations because of the multiple benefits it provides. For the same reasons, it is also valued in other animal rations. It is valuable for fiber, energy, protein, minerals/vitamins, as a rumen buffer, and for improved animal health.

Demand for forage products is rising as large, modern dairy farms use more high-quality forages such as alfalfa, timothy hay, and oat grass. Imports of alfalfa hay and other forage products have been increasing in 2021. In the long run, China’s demand for high-quality U.S. forage products will continue to grow. Although logistic challenges were plentiful in 2021, hay exports during the year totaled 4.26 million metric tons (MT), eclipsing the previous record of 4.19 million MT set in 2017. For the third consecutive year and the fourth time in five years, total U.S. hay exports in 2021 exceeded 4 million MT based on data provided by USDA’s Foreign Agricultural Service (FAS). Alfalfa hay exports to all trade partners in 2021 totaled a record 2.86 million MT, exceeding the previous high-water mark of 2.66 MT in 2020 by 196,100 MT. Concerning the U.S.’s major hay-trading partners not named China, the news is mixed. Japan, the second-highest importer of U.S. alfalfa hay, finished the year by purchasing 612,692 MT of U.S. alfalfa, up 2% from 2020.

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COVID-19 Impact

The COVID-19 pandemic adversely impacted the alfalfa hay market across the globe. The restrictions imposed for the containment of the pandemic resulted in a shortage of labor, disruption of the availability of raw materials, and breakdown of supply chains. Alfalfa plays a significant role as a type of livestock forage for animal feed due to its high protein and digestible fiber content.

The global Alfalfa Hay market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By application, the market is primarily bifurcated into:

• Dairy animal feed

• Poultry feed

• Horse feed

• Others

Based on application, the market is classified into dairy animal feed, poultry feed, horse feed, and others. Amongst applications, the dairy animal feed segment grabbed the major market share and dominated the market in 2020. The growth of dairy animal feed is characterized by an emphasis on quality, as defined by low-fiber, weed-free, leafy, high-protein hay products.

By type, the market is primarily bifurcated into:

• Bales

• Pellets

• Cubes

Based on type, the market is categorized into bales, pellets, and cubes. alfalfa pellets provide dust and mold-free solutions to animal feed. Alfalfa pellets are ideal for older horses that have problems with their teeth because it requires less chewing than hay. . Feed mills also use alfalfa pellets and alfalfa bales as animal feed ingredients by grinding alfalfa pellets into meals and incorporating other feed ingredients to produce a high-fiber, high-nutrient, multi-faceted animal feed.

For a better understanding of the market adoption of the Alfalfa Hay industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World. North America is expected to witness the highest CAGR during the forecast period owing to an increase in the demand for dairy and animal products, shrinking of the land for grazing animals, and growth in high-yielding cattle, bred cattle demand for feed.

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The major players targeting the market include:

• Al Dahra ACX Global Inc.

• Alfalfa Monegros SL

• Anderson Hay & Grain Inc.

• Bailey Farms

• Border Valley

• Standlee Premium Products, LLC

• Cubeit Hay Company

• Glenvar Hay

• Green Prairie International

• Grupo Osés

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global Alfalfa Hay market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

· What are the latest trends, new patterns, and technological advancements in the global Alfalfa Hay market?

· Which factors are influencing the global Alfalfa Hay market over the forecast period?

· What are the global challenges, threats, and risks in the global Alfalfa Hay market?

· Which factors are propelling and restraining the global Alfalfa Hay market?

· What are the demanding global regions of the global Alfalfa Hay market?

· What will be the market size in the upcoming years?

· What are the crucial market acquisition strategies and policies applied by the companies?

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