Africa Alfalfa Market

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

  • Report ID: HC-738
  • Author: Growth Market Reports
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  • No. Of Pages: 166
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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.

Africa Alfalfa Market Key Takeaways

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.

Africa Alfalfa Market By Product Types

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.

1. Executive Summary
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.
Segments Covered in the Report
The Africa alfalfa market has been segmented on the basis of

Product Types
  • Bales
  • Pellets
  • Cubes
Applications
  • Meat/Dairy Animal Feed
  • Poultry Feed
  • Horse Feed
  • Other Applications
Geography
  • South Africa
  • Sudan
  • Uganda
  • Tanzania
  • Kenya
  • Rest of Africa
Key Players
  • 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.

 Africa Alfalfa Market By Key Players

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