Alfalfa, also called lucerne and called Medicago sativa in binomial nomenclature, is a perennial flowering plant in the legume family Fabaceae。
Global Alfalfa market is expected to witness significant growth over the coming years on account of increasing demand for forage and roughage from the animal husbandry industries such as dairy, poultry, etc. In addition to this, the growth in the global alfalfa market can be attributed to the shrinking or limited land availability for grazing animals. Furthermore, the increasing consumption of meat, poultry and dairy products by the growing population is surging the demand for alfalfa as a highly proteinaceous and digestible fiber rich content animal feed.
In 2019, the market size of Alfalfa is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Alfalfa.
This report studies the global market size of Alfalfa, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Alfalfa production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Mc Cracken Hay
Anderson Hay & Grain
Oregon Hay Products
Market Segment by Product Type
Market Segment by Application
Meat/dairy animal feed
Key Regions split in this report: breakdown data for each region.
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Alfalfa status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Alfalfa manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Alfalfa are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025