– The international production of alfalfa hay was 226.three million metric ton in 2018, and it is anticipated to register a CAGR of 7.three% for the duration of the forecast period (2019-2024).
– North America is projected to be the biggest market place for alfalfa hay. China, UAE, and Saudi Arabia are important importers of alfalfa hay from the US. The US and Spain are important exporters of alfalfa hay, globally.
– Use of alfalfa hay has turn out to be important to poultry feed, followed by animal feed in current years, due to its significance for crude protein content material. Dependence on alfalfa hay for animal feed could continue to drive the alfalfa hay market place, globally, more than the forecast period.
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Scope of the Report
Alfalfa hay is obtained from the Alfalfa plant, which is also identified as Lucerne and Medicago Sativa. It is cultivated as an critical forage crop in a lot of nations about the globe.
Crucial Marketplace Trends
Escalating Demand for Dairy and Meat Merchandise
Livestock is a important issue accountable for the development of the alfalfa hay market place. Annual development of meat production and milk production in the creating nations is projected to be two.four% and two.five%, respectively, till 2030. This is anticipated to improve the creating countries’ share in the globe meat production to 66% (247 million metric ton) and in milk production to 55% (484 million metric ton). Moreover, there has been immense stress on the livestock sector to meet the escalating demand for higher-worth animal protein.
The demand for alfalfa hay is escalating considerably in China and is driven due to altering production practices in the Chinese dairy business. This is basically due to the escalating quantity of cows raised by contemporary dairy farmers who choose employing imported hay and industrial feeds. Moreover, the Chinese government is focusing on boosting the domestic production of alfalfa hay, in order to meet its higher demand. The dairy sector is basically boosting the demand for alfalfa hay in China. The nation has about 15 million cows in the dairy business, amongst which, 1.five million are higher producers (nine-ton annual milk yield).
North America to Dominate the International Marketplace
Some of the alfalfa hay creating states in the United States, as of 2017, are California (five,175 thousand metric ton), Idaho (four,400 thousand metric ton), Montana (three,150 thousand metric ton), and Minnesota (two,610 thousand metric ton). These account for almost 27% of the alfalfa hay production in the nation. China, Japan, Saudi Arabia, and the United Arab Emirates are the best export destinations to the United States, and China is anticipated to stay as the essential market place for the US alfalfa hay exports in the close to future and nearly half of the exports of alfalfa hay is to China. The domestic production of alfalfa hay in Saudi Arabia decreased. As the nation desires to satisfy its dairy market place demand for alfalfa hay, it mostly relies on imports and is also anticipated to stay as one particular of the essential purchasers from the US alfalfa hay market place.
The alfalfa hay market place is extremely fragmented. Alfalfa hay provide is concentrated in the United States and Spain, and consumption is concentrated in China, Japan, UAE, and Saudi Arabia.
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Table of Contents
1.1 Study Deliverables
1.two Study Assumptions
1.three Scope of the Study
two Investigation METHODOLOGY
three EXECUTIVE SUMMARY
four Marketplace DYNAMICS
four.1 Marketplace Overview
four.two Introduction to Marketplace Drivers and Restraints
four.three Marketplace Drivers
four.three.1 Escalating Demand for Dairy and Meat Merchandise
four.three.two Developing Industrial Livestock Production
four.four Marketplace Restraints
four.four.1 Ban on Forage Crop Cultivation in Saudi Arabia
four.four.two Requirement of Substantial Quantities of Water for Irrigation
four.four.three Higher Expense of Production as Compared to Other Forage Crops
four.five Sector Attractiveness – Porter’s 5 Forces Evaluation
four.five.1 Threat of New Entrants
four.five.two Bargaining Energy of Purchasers/Customers
four.five.three Bargaining Energy of Suppliers
four.five.four Threat of Substitute Merchandise
four.five.five Intensity of Competitive Rivalry
five Marketplace SEGMENTATION
five.two.1 Meat/Dairy Animal Feed
five.two.two Poultry Feed
five.two.three Horse Feed
five.two.four Other Applications
five.three.1 North America
five.three.1.four Rest of North America
five.three.two.five Rest of Europe
five.three.three.five Rest of Asia-Pacific
five.three.four South America
five.three.four.three Rest of South America
five.three.five Middle East and Africa
five.three.five.1 South Africa
five.three.five.three Saudi Arabia
five.three.five.two Rest of Middle East and Africa
six COMPETITIVE LANDSCAPE
six.1 Vendor Marketplace Share
six.two Mergers and Acquisitions
six.three Firm Profiles
six.three.1 Al Dahra ACX International Inc.
six.three.two Alfalfa Monegros SL
six.three.three Anderson Hay & Grain Inc.
six.three.four Bailey Farms
six.three.five Border Valley
six.three.7 Cubeit Hay Firm
six.three.eight Glenvar Hay
six.three.9 Green Prairie International
six.three.10 Grupo Osés
six.three.11 Gruppo Carli
six.three.12 Hay USA
six.three.13 Haykingdom Inc.
six.three.14 Knight AG Sourcing
six.three.15 Los Venteros SC
six.three.16 M&C Hay
six.three.17 McCracken Hay Firm
six.three.18 Riverina (Australia) Pty Ltd
six.three.19 SL Follen Firm
six.three.20 Standlee Hay Firm
7 Marketplace Possibilities AND FUTURE TRENDS
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