Alfalfa
plays a significant role as a type of livestock forage for the animal
feed due to its high protein and digestible fibre content. The crop
is mainly used for feeding dairy cows, cattle, horses, sheep, and
goats. The key countries producing alfalfa include Italy, Canada,
France, The U.S., and Spain. The United States is the world leader
in alfalfa production and export, Japan being the chief importer of
US alfalfa hay. Alfalfa hay demand is mainly driven by its high
nutrient content as alfalfa is a rich source for protein and energy
that helps improve: the lactation, reproduction, maintenance and
growth of the livestock.
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Increasing
high quality hay demand for increasing milk production in dairy
cattle is the key driving factor for global alfalfa market. Moreover,
owing to benefits of alfalfa including high nutrient content, rich
source for protein and energy that helps improve: the lactation,
reproduction, maintenance and growth of the livestock, the global
alfalfa market is expected to grow significantly in the near future.
However, changing water restrictions government policies and
competition with high-value crops are some of the restraining factors
for the global alfalfa market. With the accelerating global demand
for alfalfa, the prices for alfalfa are high, which have led dairy
producers to search for the replacements.
The
global alfalfa market is divided into seven regions, namely Eastern
Europe, Latin America, Asia Pacific excluding Japan (APEJ), North
America, Japan, Western Europe, and Middle East and Africa (MEA).In
the global alfalfa market North America holds the major market share,
of which, USA has been the highest contributor for the North America
alfalfa market. In the Western Europe, Spain has been the principal
exporter for the alfalfa hay entailed by France, and Italy, thus
contributing significantly to the Europe alfalfa
market. Though, USA produces better quality crops in
comparison to Spain. In MEA region, among the different GCC
countries, Saudi Arabia is the major importers of alfalfa. Also,
Japan is the chief importer of US hay, trailed by China, Korea and
others.
Global
Alfalfa Market: Key Players
- Alfalfa Monegros, S.L. Gansu Daye
- Border Valley
- Accomazzo Company
- Multi feeds
- Los Venteros S.C.
- Grupo Osés
- SL Follen Company
- Al Dahra ACX Global, Inc.
- Anderson Hay & Grain Inc.
- Knight Ag Sourcing
- Hay USA
- Bailey Farms
- Haykingdom Inc.
- Standlee Hay Company
- Green Prairie International
- Cubeit Hay Company
- M&C Hay
- McCracken Hay Company
- Riverina (Australia) Pty
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