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Asia-Pacific Alfalfa Hay Market - Growth and Trends, Forecast to (2020 - 2025)

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  • 120 Pages
  • August 2020
  • Region: Asia Pacific
  • Mordor Intelligence
  • ID: 5011944
The APAC alfalfa hay market is expected to record a steady CAGR of 5.2% during the forecast period (2020- 2025). Alfalfa is an important feed for dairy cattle, beef cattle, horses, sheep, and goats. Asia-Pacific is expected to witness the fastest growth during the forecast period. The increasing demand for high-quality hay for increasing milk production is the key factor driving the growth of the alfalfa market.

Owing to the benefits of alfalfa, including high contents of nutrients, protein, and energy that help improve the overall growth of the livestock, the global alfalfa market is expected to witness significant growth in the near future. Considering the increasing popularity of the product, it is expected that the production of the alfalfa will increase exponentially in Asia-pacific. China is the largest importer of alfalfa from the United States.

Key Market Trends

High Nutritional Property Of Alfalfa

Alfalfa is one of the most important feed sources for animals globally, owing to its nutritional benefits. Alfalfa hay is used, primarily as an animal feed, for dairy cows, for horses, beef cattle, sheep, chickens, turkeys, and other farm animals. These hays are higher in protein and minerals and are more palatable than grass hays. Alfalfa in particular is high in energy and is an excellent source of vitamins and minerals.

It contains between 15 to 22% crude protein as well as an excellent source of a wide range of vitamins and minerals. It has the most feed value of all perennial pasture forages. Due to the high nutritional content of alfalfa, the demand is growing in the market. This rich nutritional content of alfalfa drives the market as the need for the quality feed for animals is increasing.

Increasing Livestock Production is Driving The Hay Market

Increasing demand for the dairy & animal products, decreasing grazing land and increasing livestock production have a postive imapct on the growth of alfalfa market significantly. This is essentially due to the increasing number of cows raised by modern dairy farmers who prefer using imported hay and commercial feeds.

Superior quality alfalfa hay (low maturity) fed to livestock promotes maximum returns in milk and meat production. High quality alfalfa hay contains less neutral fiber that is more digestible. This allows for greater dry matter intake, supporting higher milk production. The dairy sector is essentially boosting the demand for alfalfa hay in this region.

Competitive Landscape

China and Japan are the major importers of the alfalfa among all the Asia-Pacific countries. Few top players that supply alfalfa to the studied market are Alfalfa Monegros SL., Anderson Hay & Grain Co, S&S Agrisource Holding LLC, Al Dahra ACX Global Inc., etc.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
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Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 Type
5.1.1 Bales
5.1.2 Pellets
5.1.3 Cubes
5.2 Application
5.2.1 Meat/dairy animal feed
5.2.2 Poultry
5.2.3 Horse feed
5.2.4 Other Applications
5.3 Geography
5.3.1 China
5.3.2 Japan
5.3.3 India
5.3.4 Australia
5.3.5 Rest of Asia-Pacific
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Alfalfa Monegros SL
6.3.2 Anderson Hay & Grain Co.
6.3.3 S&S Agrisource Holding LLC
6.3.4 Al Dahra ACX Global Inc.
6.3.5 The Accomazzo Company
6.3.6 Border Valley Trading
6.3.7 Bailey Farms Inc.
6.3.8 Cubeit Hay Company

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alfalfa Monegros SL
  • Anderson Hay & Grain Co.
  • S&S Agrisource Holding LLC
  • Al Dahra ACX Global Inc.
  • The Accomazzo Company
  • Border Valley Trading
  • Bailey Farms Inc.
  • Cubeit Hay Company