Global Dehydrated Alfalfa Market, By Product Type (Dehydrated Alfalfa Bales and Dehydrated Alfalfa Pellets), End Use (Dairy Cow Feed, Beef Cattle and Sheep Feed, Horse Feed and Camel Feed), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Dehydrated Alfalfa Market
Data Bridge Market Research analyses that the dehydrated alfalfa market will project a compound annual growth rate (CAGR) of 2.00% during the forecast period of 2021-2028. Growing demand to control various crop related diseases, rising demand for new and mechanized techniques for farming or agriculture especially in the developing countries, surging demand for high quality feed for animal livestock, rising integration of advanced technology with the agricultural equipment and increasing industry competitiveness are the major factors attributable to the growth of dehydrated alfalfa market. This means that the dehydrated alfalfa market value, which was USD 1.1 billion in 2020 will climb up to USD 1.28 billion by the year 2028.
Dehydrated alfalfa is mainly used for animal feed and as a meal product resulting from the rapid drying of alfalfa by artificial means. Dehydrated alfalfa inhibits good protein content in animals and livestock. It also contributes to healthy growth of reproductive factors, pigmenting xanthophylls, and other vitamin contributions. Alfalfa has lower indigestible fibre than grass hays and is also a rich source of calcium.
Growing livestock population such as dairy cow feed, beef cattle and sheep feed, horse feed and camel feed, rising production of high quality animal feed, and increased focus on the research and development proficiencies by the major manufacturers will emerge as the major factors fostering the growth of the market. Also, growing awareness among the farmers in regards to the benefits of dehydrated alfalfa coupled with ever-rising demand for organic manure and agrochemicals is another important factor fostering the growth of the market. Rising prevalence of various animal diseases, growing demand for effective food safety protocols and rising awareness in regards to the organic farming practices will further create lucrative and remunerative growth opportunities for the market.
However, high production cost associated with dehydrated alfalfa is a major factor that will pose a major challenge to the growth of the market. Also, stringent regulations imposed by the government, availability of low cost or cheap synthetic feedstock in the market and volatility in the prices of raw materials will further slowdown the market growth rate.
This dehydrated alfalfa market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on dehydrated alfalfa market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Dehydrated Alfalfa Market Scope and Market Size
The global dehydrated alfalfa market is segmented on the basis of product type and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the product type, the dehydrated alfalfa market is segmented into dehydrated alfalfa bales and dehydrated alfalfa pellets.
The dehydrated alfalfa market is also segmented on the basis of end use. The function is segmented into dairy cow feed, beef cattle and sheep feed, horse feed and camel feed.
Dehydrated Alfalfa Market Country Level Analysis
The global dehydrated alfalfa market is analyses and market size, volume information is provided by country by product type and end use as referenced above.
The countries covered in the dehydrated alfalfa market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific region is undergoing substantial gains and is projected to score the highest compound annual growth rate (CAGR) for the forecast period of 2021-2028. This is because of the growth and expansion of agricultural sector, ever-rising livestock population, surging demand for high quality animal feed, growing prevalence of various deficiencies in animals and animal disease and rising research and development proficiencies. Increasing personal disposable income and growing awareness about the benefits of application of dehydrated alfalfa in animal feed are some other important market growth determinants for this region.
The country section of the dehydrated alfalfa market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Dehydrated Alfalfa Market Share Analysis
The global dehydrated alfalfa market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to dehydrated alfalfa market.
The major players covered in the dehydrated alfalfa market report are LUZEAL, Alfeed, NAFOSA., Agroquivir, GRUPO EMPRESARIAL ENHOL S.L., Gruppo Carli, Sopred., AJD Agro Ltd., Industrias Agrícolas de los Monegros, S.A., AGROINTERURB, Forte, LaBudde Group Inc., Summit Forage Products, ARCO Dehydrating, Anderson Hay & Grain, Co., Inc., Cubeit Hay Company, SL Follen Company and Standlee Premium Products, LLC among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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