The Europe alfalfa hay market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to its nutritional benefits and increasing usage in animal feed.
Alfalfa is hay made from alfalfa, a perennial legume. It is an excellent source of high quality protein and dietary fiber. Hay clover has a high nutritional value among all pasture perennials. They contain high levels of crude protein, calcium, and more digestible energy. It tastes better than hay and is used to feed horses, sheep, cattle, dairy cows, turkeys, chickens, and other farm animals and livestock. Alfalfa is a perennial flowering plant grown as an important forage crop in many parts of the world, used for grazing, forage and silage, as well as green manure and cover crops. The name lucerne is most commonly used in the UK, South Africa, Australia, and New Zealand. Alfalfa grows in warmer, temperate regions. It has been cultivated as food since the ancient Greeks and Romans. Alfalfa sprouts are a common ingredient in South Indian cuisine. The significant growth in agriculture and the dairy sector in recent years have positively influenced the growth of the alfalfa pellets market. In addition, milk and meat producers also benefited from the inclusion of alfalfa seeds in their feed as it improved milk and meat quality and thus increased profits.
The report on the Europe alfalfa Hay market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Alfalfa Hay Market – Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Bales, Pellets, and Cubes), and Applications (Meat & Dairy Animal Feed, Poultry, Horse Feeds, and Others) |
Geography |
United Kingdom, Spain, France, Germany, Russia, Italy, and Rest of Europe |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Grupo Oses; Al Dahra Agriculture; Cubeit Hay Company; and Alfalfa Monegros |
Based on types, the alfalfa hay market is divided into pellets, bales, and cubes. The pellets segment is expected to represent a key share of the market during forecast period due to its rich in fiber, contain nutrients such as calcium, and are easily digestible source of protein. The high fiber content of alfalfa makes it an ideal feed choice due to the animal's fiber requirement.
Alfalfa rose in popularity in the early 17th century and proved to be beneficial when used as a dietary supplement. Alfalfa pellets can be a complete feed supplement to traditional diets. However, it is often recommended to consult with veterinarian before making a dietary change about the optimal diet for animal, regardless of grazing purpose, hobby, whether it be productivity, work, play, or other goals. Target markets for alfalfa products include: cattle, horses, sheep, goats, and feed mills.
In terms of applications, the alfalfa hay market is segregated into horse feeds, meat & dairy animal Feed, poultry, and others. The meat & dairy animal feed segment is expected to represent a key share of the market during the forecast period. The European government is focusing on increasing domestic production of alfalfa hay to meet the country's strong demand. The dairy industry is significantly increasing the demand for alfalfa hay. In addition, livestock production is under tremendous pressure to meet the growing demand for valuable animal protein. The growing preference for alfalfa hay is due to changing production methods in the dairy industry.
Segments Covered in the Report
The Europe alfalfa hay market has been segmented on the basis of
Types
Applications
Geography
Key Players
Key players competing in the alfalfa hay market include Grupo Oses; Al Dahra Agriculture; Cubeit Hay Company; and Alfalfa Monegros.
Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Segments Covered in the Report
The Europe alfalfa hay market has been segmented on the basis of
Types
Applications
Geography
Key Players
Key players competing in the alfalfa hay market include Grupo Oses; Al Dahra Agriculture; Cubeit Hay Company; and Alfalfa Monegros.
Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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