Alfalfa hay is considered as an important feed for cattle, horses, dairy cows, goats and sheep. Canada, Spain, the U.S., Italy, and France are some of the prime countries accounting for alfalfa hey production. Some of the top companies from these countries are actively partaking in the entire supply chain network from sourcing, logistics applications, shipping to distribution and marketing, at the same time placing vital importance on the ... Read more
The alfalfa hay market is estimated to be valued at US$ 73 million in 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Alfalfa hay is a nutrient-rich forage crop traditionally grown throughout temperate regions globally. It is widely used as animal feed for ... Read more
Alfalfa hay refers to dried alfalfa leaves and stems that are used as animal feed, particularly for horses, cattle, goats, and sheep. It is rich in nutrients, including proteins, vitamins, and minerals, which make it a highly sought-after feed option. The increasing demand for meat and dairy products, along with the rising awareness about the nutritional benefits of alfalfa hay, are driving the market growth. Additionally, the growing trend of hay exports from ... Read more
Opportunities in the Alfalfa Hay market has evolved through a number of stages and Lucintel found its future to be promising. Global Alfalfa Hay Market is expected to grow with a CAGR of 5.8%.
Features of the Global Alfalfa Hay Market
Market Size Estimates: Alfalfa hay market size estimation in terms of value ($B).
