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.
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. |
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.
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.
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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