Product Code: CMI5396
The global alfalfa seeds market was valued at US$ 799.7 Mn in 2022 and is expected to exhibit a CAGR of 7.1% over the forecast period (2023-2030) to reach US$ 1,389.5 Mn by 2030.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 799.7 Mn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
7.10% |
2030 Value Projection: |
US$ 1,389.5 Mn |
Global Alfalfa Seeds Market Value Share (%), By Application, 2022
Alfalfa seed is a great source of vitamins and antioxidants. It can add nutritional value to many recipes and is high in fiber. In addition, alfalfa seeds can be sprouted for additional nutritional benefits. Alfalfa grows well in a wide range of environments and soil conditions. It thrives in areas with high moisture and full sun. Alfalfa seed is also very hardy and drought-resistant. Alfalfa is also a good attractant for wildlife. It is easy to grow and does not require pesticides. It can be planted in the spring or fall and widely used as high-quality feed in the dairy industry as a result alfalfa seed production is an important crop in several region.
Market Dynamics:
The increasing demand for quality agriculture seeds across the world is driving the global alfalfa seed market. The growth is also driven by the rising income levels of many developing nations as well as the increasing demand for quality meat and food products. There are many factors like rising income level, increase in population level, and demand for the quality agricultural seeds are expected to propel the market growth. The growing demand for beef has increased the demand for crops as a source of feed. Furthermore, the growing adoption of hybrid seeds is further anticipated to foster the market growth. The growth in the animal production is to generate demand for better forage crop as there is the high demand for better quality meal and due to better prospect for yield and quality Alfalfa widely used in multi-animal feeding program in the U.S.
On the other hand, a lower yield than other forage crops is expected to restrict the market growth.
Key features of the study:
- This report provides in-depth analysis of the global alfalfa seeds market, and provides market size (US$ Mn) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global alfalfa seeds market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- The key companies covered as a part of this study include Alforex Seeds LLC, DLF International Seeds, DuPont Pioneer, Dyna-Gro Seed, Forage Genetics International, Lacrosse Seed, LG Seeds, Monsanto Company, S&W Seeds CompanY, and Allied Seed LLC
- Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global alfalfa seeds market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global alfalfa seeds market
Detailed Segmentation:
- Global Alfalfa Seeds Market, By Application
- Global Alfalfa Seeds Market, By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- Company Profiles
- Alforex Seeds LLC
- DLF International Seeds
- DuPont Pioneer
- Dyna-Gro Seed
- Forage Genetics International
- Lacrosse Seed
- LG Seeds
- Monsanto Company
- S&W Seeds CompanY
- Allied Seed LLC
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By pplication
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Growing industrial livestock production
- Inrease adoption of hydrid seeds
- Restraints
- Opportunities
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Mergers, Acquisition, and Collaboration Scenario
4. Global Alfalfa Seeds Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Global Alfalfa Seeds Market, By Application, 2023-2030,(US$ Mn)
6. Global Alfalfa Seeds Market, By Region, 2023-2030, (US$ Mn)
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2023-2030
- Country Trends
- North America
- Market Size and Forecast, and Y-o-Y Growth, By Application , 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Mn)
- U.S.
- Canada
- Europe
- Market Size and Forecast, and Y-o-Y Growth, By Application , 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, and Y-o-Y Growth, By Application 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, and Y-o-Y Growth, By Application , 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Mn)
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- Market Size and Forecast, and Y-o-Y Growth, By Application , 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023-2030, (US$ Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, and Y-o-Y Growth, By Application , 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2023-2030, (US$ Mn)
- South Africa
- Central Africa
- North Africa
7. Competitive Landscape
- Alforex Seeds LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- DLF International Seeds
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- DuPont Pioneer
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Dyna-Gro Seed
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Forage Genetics International
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Lacrosse Seed
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- LG Seeds
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Monsanto Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- S&W Seeds Company
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Allied Seed LLC
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
8. Section
- Research Methodology
- About us