Product Code: PM3447
The global alfalfa hay market size is expected to reach USD 141.54 million by 2032, according to a new study by Polaris Market Research. The report "Alfalfa Hay Market Share, Size, Trends, Industry Analysis Report, By Type (Bales, Pellets, and Cubes); By Application; By End User; By Region; Segment Forecast, 2023-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand and need for various nutritive and ecologically friendly food sources for not only humans but even for poultry, cattle, and livestock is drastically increasing along with the rising prevalence of high-value animal protein worldwide are the major prominent factors driving the market growth. Moreover, the growing utilization of hay manufactured with non-genetically modified organisms crops and the high adoption of chemical-free meat and milk-based products coupled with surging investments to improve agriculture infrastructure further influence the market. For instance, in December 2022, Sound Agriculture, a US-based company, raised a USD 75 Mn Series D to expand their crop nutrient & plant breeding businesses. The company will utilize the increased investment to advance its research & development, grow sales, & will marketing across the U.S. and overseas.
In recent years, precision agriculture techniques such as GPS-guided tractors and drones have been widely used to optimize alfalfa crop irrigation and fertilization, resulting in better yields and improved crop quality. Besides this, several new techniques are being introduced for analyzing the product's nutritional value, such as near-infrared spectroscopy, which enables farmers to produce hay with precise nutritional specifications that meet the needs of specific livestock exponentially. Another emerging trend in the market is the growing popularity of organic alfalfa hay; as more and more consumers are demanding organic dairy products, farmers across the globe are turning to organic methods of farming with better productivity, which require the use of organic feed for their livestock, thereby positively influencing the market growth.
Alfalfa Hay Market Report Highlights
Pellets segment accounted for largest market share in 2022, which is mainly driven by its high convenient in storing, transporting, and adoption of a major source of nutritional ingredients
Daily animal feed segment held the maximum market share in 2022, on account of its wide range of beneficial properties including better production, enhanced digestion, and weight gain
Livestock segment is anticipated to a grow at a significant CAGR during the forecast period, mainly due to growing preference for the product ahead of soybeans and corn-based products
North America region dominated the global market with largest revenue share in 2022, owing to increased technological advancements in farming practices and rising investments in R&D across the region
The global key market players include: Anderson Hay & Grain, Border Valley, Cubeit Hay Company, Oxbow Animal Health, SL Follen Company, and Standlee Premium Products
Polaris Market Research has segmented the alfalfa hay market report based on type, application, end user, and region:
Alfalfa Hay, Type Outlook (Revenue - USD Million, 2019 - 2032)
Alfalfa Hay, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Daily Animal Feed
- Poultry Feed
- Horse Feed
- Others
Alfalfa Hay, End User Outlook (Revenue - USD Million, 2019 - 2032)
- Poultry
- Cattle
- Livestock
- Others
Alfalfa Hay, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Alfalfa Hay Market Insights
- 4.1. Alfalfa Hay Market - End User Snapshot
- 4.2. Alfalfa Hay Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Incereasing demand for diary and meat products
- 4.2.1.2. Growing production of livestock
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High production cost
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Alfalfa Hay Market End User Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Alfalfa Hay Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 5.3. Bales
- 5.3.1. Global Alfalfa Hay Market, by Bales, by Region, 2019-2032 (USD Million)
- 5.4. Pellets
- 5.4.1. Global Alfalfa Hay Market, by Pellets, by Region, 2019-2032 (USD Million)
- 5.5. Cubes
- 5.5.1. Global Alfalfa Hay Market, by Cubes, by Region, 2019-2032 (USD Million)
6. Global Alfalfa Hay Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 6.3. Daily Animal Feed
- 6.3.1. Global Alfalfa Hay Market, by Daily Animal Feed, by Region, 2019-2032 (USD Million)
- 6.4. Poultry Feed
- 6.4.1. Global Alfalfa Hay Market, by Poultry Feed, by Region, 2019-2032 (USD Million)
- 6.5. Horse Feed
- 6.5.1. Global Alfalfa Hay Market, by Horse Feed, by Region, 2019-2032 (USD Million)
- 6.6. Others
- 6.6.1. Global Alfalfa Hay Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Alfalfa Hay Market, by End User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 7.3. Poultry
- 7.3.1. Global Alfalfa Hay Market, by Poultry, By Region, 2019-2032 (USD Million)
- 7.4. Cattle
- 7.4.1. Global Alfalfa Hay Market, by Cattle, By Region, 2019-2032 (USD Million)
- 7.5. Livestock
- 7.5.1. Global Alfalfa Hay Market, by Livestock, By Region, 2019-2032 (USD Million)
- 7.6. Others
- 7.6.1. Global Alfalfa Hay Market, by Others, By Region, 2019-2032 (USD Million)
8. Global Alfalfa Hay Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Alfalfa Hay Market Assessment, By Geography, 2019-2032 (USD Million)
- 8.3. Alfalfa Hay Market - North America
- 8.3.1. North America: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.3.2. North America: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.3.3. North America: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.3.4. Alfalfa Hay Market - U.S.
- 8.3.4.1. U.S.: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.3.4.2. U.S.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.3.4.3. U.S.: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.3.5. Alfalfa Hay Market - Canada
- 8.3.5.1. Canada: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.3.5.2. Canada.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.3.5.3. Canada: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.4. Alfalfa Hay Market - Europe
- 8.4.1. Europe: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.4.2. Europe.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.4.3. Europe: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.4.4. Alfalfa Hay Market - UK
- 8.4.4.1. UK: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.4.4.2. UK.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.4.4.3. UK: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.4.5. Alfalfa Hay Market - France
- 8.4.5.1. France: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.4.5.2. France.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.4.5.3. France: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.4.6. Alfalfa Hay Market - Germany
- 8.4.6.1. Germany: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.4.6.2. Germany.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.4.6.3. Germany: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.4.7. Alfalfa Hay Market - Italy
- 8.4.7.1. Italy: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.4.7.2. Italy.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.4.7.3. Italy: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.4.8. Alfalfa Hay Market - Spain
- 8.4.8.1. Spain: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.4.8.2. Spain.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.4.8.3. Spain: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.4.9. Alfalfa Hay Market - Netherlands
- 8.4.9.1. Netherlands: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.4.9.2. Netherlands.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.4.9.3. Netherlands: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.4.10. Alfalfa Hay Market - Russia
- 8.4.10.1. Russia: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.4.10.2. Russia.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.4.10.3. Russia: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.5. Alfalfa Hay Market - Asia Pacific
- 8.5.1. Asia Pacific: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.5.2. Asia Pacific.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.5.3. Asia Pacific: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.5.4. Alfalfa Hay Market - China
- 8.5.4.1. China: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.5.4.2. China.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.5.4.3. China: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.5.5. Alfalfa Hay Market - India
- 8.5.5.1. India: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.5.5.2. India.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.5.5.3. India: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.5.6. Alfalfa Hay Market - Malaysia
- 8.5.6.1. Malaysia: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.5.6.2. Malaysia.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.5.6.3. Malaysia: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.5.7. Alfalfa Hay Market - Japan
- 8.5.7.1. Japan: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.5.7.2. Japan.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.5.7.3. Japan: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.5.8. Alfalfa Hay Market - Indonesia
- 8.5.8.1. Indonesia: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.5.8.2. Indonesia.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.5.8.3. Indonesia: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.5.9. Alfalfa Hay Market - South Korea
- 8.5.9.1. South Korea: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.5.9.2. South Korea.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.5.9.3. South Korea: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.6. Alfalfa Hay Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.6.2. Middle East & Africa.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.6.3. Middle East & Africa: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.6.4. Alfalfa Hay Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.6.4.2. Saudi Arabia.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.6.4.3. Saudi Arabia: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.6.5. Alfalfa Hay Market - UAE
- 8.6.5.1. UAE: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.6.5.2. UAE.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.6.5.3. UAE: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.6.6. Alfalfa Hay Market - Israel
- 8.6.6.1. Israel: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.6.6.2. Israel.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.6.6.3. Israel: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.6.7. Alfalfa Hay Market - South Africa
- 8.6.7.1. South Africa: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.6.7.2. South Africa.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.6.7.3. South Africa: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.7. Alfalfa Hay Market - Latin America
- 8.7.1. Latin America: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.7.2. Latin America.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.7.3. Latin America: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.7.4. Alfalfa Hay Market - Mexico
- 8.7.4.1. Mexico: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.7.4.2. Mexico.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.7.4.3. Mexico: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.7.5. Alfalfa Hay Market - Brazil
- 8.7.5.1. Brazil: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.7.5.2. Brazil.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.7.5.3. Brazil: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
- 8.7.6. Alfalfa Hay Market - Argentina
- 8.7.6.1. Argentina: Alfalfa Hay Market, by Type, 2019-2032 (USD Million)
- 8.7.6.2. Argentina.: Alfalfa Hay Market, by End User, 2019-2032 (USD Million)
- 8.7.6.3. Argentina: Alfalfa Hay Market, by Application, 2019-2032 (USD Million)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Standlee Premium Products
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Oxbow Animal Health
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Riverina
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Sacate Pellet Mills
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Bailey Farms International
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. AI Dahra ACX
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Hay USA
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Border Valley
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Oregon Hay Products
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Gruppo Carli
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Cubeit Hay
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Los Venteros
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Legal Alfalfa Products
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development