Africa Alfalfa Market by Product Types (Bales, Pellets, and Cubes), Applications (Meat/Dairy Animal Feed, Poultry Feed, Horse Feed, and Other Applications), and Geography (South Africa, Sudan, Uganda, Tanzania, Kenya, and Rest of Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The Africa alfalfa market size is estimated to expand at a significant CAGR of 9.7% during the forecast period, 2021–2028. The growth of the market is attributed to the presence of high protein and digestible fibre content.
Alfalfa, commonly known as Medicago sativa, is a pea-family flowering plant used as a feed crop. In the UK and South Asia, it's known as lucerne and lucerne grass, respectively. Alfalfa is an important legume in agriculture. Because of its high protein content, alfalfa is commonly used as feed for cattle, horses, sheep, and goats. Alfalfa necessitates a lot of water, from 4 to 6 inches for every tonne of dry hay produced. Furthermore, the worldwide alfalfa market is predicted to increase greatly in the near future due to the advantages of alfalfa, which include high nutritional content, a rich source of protein, and high energy, all of which aid increase lactation, reproduction, maintenance, and growth of livestock. The alfalfa market is being driven by the rising need for nutritional feed.
South Africa came out on top in 2016, as demand soared as a result of Africa's worst drought. Prices increased thrice, which is unprecedented in history. South African alfalfa seeds are expected to cost between US$ 3.5 and US$ 28.76 per kilogram in 2021, or between US$ 1.59 and US$ 13.05 per pound. In Cape Town and Johannesburg, the average price per ton/tonne is US$ 32,260. S&W Seeds, a major seed company, has released 45 new alfalfa seed types with improved insect resistance, forage quality, and production. Through this breakthrough, the firm hopes to acquire a wider market and establish itself as the go-to distributor of alfalfa seed.
Market Trends, Drivers, Restraints, and Opportunities
- Growing need for roughage in livestock feed is expected to boost the market growth in the coming years.
- Increasing demand for animal husbandry is anticipated to fuel the market growth during the forecast period.
- High production cost for alfalfa as compared to other forage crops such as barley, sorghum, and maize is expected to restrict the market expansion.
- Growing availability of substitutes for alfalfa is estimated to hinder the market growth.
- Surge in R&D developments in terms of new varieties of alfalfa such as low lignin alfalfa is projected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the Africa alfalfa 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 Market - Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Product Types (Bales, Pellets, and Cubes) and Applications (Meat/Dairy Animal Feed, Poultry Feed, Horse Feed, and Other Applications) |
| Geography Scope | South Africa, Sudan, Uganda, Tanzania, Kenya, and Rest of Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Al Dahra ACX Global Inc., Alfalfa Monegros SL, Border Valley, Bailey Farms, and Anderson Hay & Grain Inc. |
Market Segment Insights
Pellets segment is anticipated to register at a substantial CAGR
On the basis of product types, the Africa alfalfa market is divided into bales, pellets, and cubes. The pellets segment is expected to account for a key share of the market during the forecast period owing to the high-quality feed provided to ruminants. However, the bales segment is anticipated to expand at a rapid pace during the forecast period due to the expansion of the equestrian business.
Meat/Dairy animal feed segment to hold major market share
In terms of applications, the Africa alfalfa market is bifurcated into meat/dairy animal feed, poultry feed, horse feed, and other applications. The meat/dairy animal feed segment is expected to account for a key share of the market in the coming years due to the growing demand for animal husbandry by consumers.
Sudan is expected to dominate the market
On the basis of geography, the Africa alfalfa market is classified as South Africa, Sudan, Uganda, Tanzania, Kenya, and Rest of Africa. The market of Sudan is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to its geographical location, climate, and Nile water supplies. On the other hand, the market of South Africa is expected to exhibit a rapid growth rate in the coming years.
Segments
Segments Covered in the ReportThe Africa alfalfa market has been segmented on the basis of
Product Types
- Bales
- Pellets
- Cubes
- Meat/Dairy Animal Feed
- Poultry Feed
- Horse Feed
- Other Applications
- South Africa
- Sudan
- Uganda
- Tanzania
- Kenya
- Rest of Africa
- Al Dahra ACX Global Inc.
- Alfalfa Monegros SL
- Border Valley
- Bailey Farms
- Anderson Hay & Grain Inc.
Competitive Landscape
Key players competing in the Africa alfalfa market include Al Dahra ACX Global Inc., Alfalfa Monegros SL, Border Valley, Bailey Farms, and Anderson Hay & Grain Inc. Due to their huge product portfolios, superior quality, competitive pricing, and broad market reach, these firms dominate the market. Only a few companies offer superior alfalfa products for animal feed.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Alfalfa Market Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Alfalfa Market Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Alfalfa Market Market - Supply Chain
4.5. Global Alfalfa Market Market Forecast
4.5.1. Alfalfa Market Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Alfalfa Market Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Alfalfa Market Market Absolute $ Opportunity
5. Global Alfalfa Market Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Alfalfa Market Market Size and Volume Forecast by Applications
5.3.1. Meat/Dairy Animal Feed
5.3.2. Poultry Feed
5.3.3. Horse Feed
5.3.4. Other Applications
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Alfalfa Market Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Alfalfa Market Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Alfalfa Market Demand Share Forecast, 2019-2026
7. North America Alfalfa Market Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Alfalfa Market Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Alfalfa Market Market Size and Volume Forecast by Applications
7.4.1. Meat/Dairy Animal Feed
7.4.2. Poultry Feed
7.4.3. Horse Feed
7.4.4. Other Applications
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Alfalfa Market Demand Share Forecast, 2019-2026
8. Latin America Alfalfa Market Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Alfalfa Market Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Alfalfa Market Market Size and Volume Forecast by Applications
8.4.1. Meat/Dairy Animal Feed
8.4.2. Poultry Feed
8.4.3. Horse Feed
8.4.4. Other Applications
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Alfalfa Market Demand Share Forecast, 2019-2026
9. Europe Alfalfa Market Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Alfalfa Market Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Alfalfa Market Market Size and Volume Forecast by Applications
9.4.1. Meat/Dairy Animal Feed
9.4.2. Poultry Feed
9.4.3. Horse Feed
9.4.4. Other Applications
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Alfalfa Market Demand Share Forecast, 2019-2026
10. Asia Pacific Alfalfa Market Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Alfalfa Market Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Alfalfa Market Market Size and Volume Forecast by Applications
10.4.1. Meat/Dairy Animal Feed
10.4.2. Poultry Feed
10.4.3. Horse Feed
10.4.4. Other Applications
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Alfalfa Market Demand Share Forecast, 2019-2026
11. Middle East & Africa Alfalfa Market Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Alfalfa Market Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Alfalfa Market Market Size and Volume Forecast by Applications
11.4.1. Meat/Dairy Animal Feed
11.4.2. Poultry Feed
11.4.3. Horse Feed
11.4.4. Other Applications
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Alfalfa Market Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Alfalfa Market Market: Market Share Analysis
12.2. Alfalfa Market Distributors and Customers
12.3. Alfalfa Market Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Al Dahra ACX Global Inc.
12.4.2. Alfalfa Monegros SL
12.4.3. Border Valley
12.4.4. Bailey Farms
12.4.5. Anderson Hay & Grain Inc.
The Africa alfalfa market has been segmented on the basis of
Product Types
- Bales
- Pellets
- Cubes
- Meat/Dairy Animal Feed
- Poultry Feed
- Horse Feed
- Other Applications
- South Africa
- Sudan
- Uganda
- Tanzania
- Kenya
- Rest of Africa
- Al Dahra ACX Global Inc.
- Alfalfa Monegros SL
- Border Valley
- Bailey Farms
- Anderson Hay & Grain Inc.
Key players competing in the Africa alfalfa market include Al Dahra ACX Global Inc., Alfalfa Monegros SL, Border Valley, Bailey Farms, and Anderson Hay & Grain Inc. Due to their huge product portfolios, superior quality, competitive pricing, and broad market reach, these firms dominate the market. Only a few companies offer superior alfalfa products for animal feed.
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