The Alfalfa Hay Market research study stipulates a clear overview of the current market including the past and the projected future of market size concerning volume, technological advances, and economic elements in the market industry.

Los Angeles, CA -- (SBWire) -- 12/27/2018 --Description

Alfalfa hay is an excellent source of good quality protein and fiber. Alfalfa is a legume hay and is sometimes called "lucerne". 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. When properly cured, alfalfa is the best of the legume hays from a nutrient standpoint. It has the most feed value of all the perennial pasture forages. Alfalfa is used as for horses, dairy cows, beef cattle, sheep, chickens, turkeys and other farm animals.

United States is a major producer of alfalfa hay in 2016, where US production accounts for 51.7% globally. In addition, United States is also the world's largest exporter.

The world's largest consumption market is still in the United States, mainly because of the excellent geographical conditions the United States; the quality of alfalfa hay is significantly higher than other regions.

There are many manufacturers, most of them with small scale. Market competition, environment as well as other factors in recent years have led to volatile market prices, the market price around 268USD/MT in 2016.

This report studies the global Alfalfa Hay market status and forecast, categorizes the global Alfalfa Hay market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).

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The global Alfalfa Hay market is valued at 29200 million US$ in 2017 and will reach 29500 million US$ by the end of 2025, growing at a CAGR of 0.1% during 2018-2025.

The major manufacturers covered in this report

Anderson Hay

ACX Global

Bailey Farms

Aldahra Fagavi

Grupo Osés

Gruppo Carli

Border Valley Trading

Barr-Ag

Alfa Tec

Standlee Hay

Sacate Pellet Mills

Oxbow Animal Health

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

Alfalfa Hay Bales

Alfalfa Hay Pellets

Alfalfa Hay Cubes

Others

By Application, the market can be split into

Dairy Cow Feed

Beef Cattle & Sheep Feed

Pig Feed

Poultry Feed

Others

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