Market Overview:
The global alfalfa derivatives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for horse feed, camel feed, and other applications across the globe. The alfalfa derivatives market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into bales, pellets, and others. Bales are further sub-segmented into small bales and large bales. Pellets are further sub-segmented into soft pellets and hard pellets. Others include cubes/chunks/flakes/granules etc., which are not majorly consumed in any particular application but finds use in various applications such as cattle feed & dairy products etc. On the basis of application, the market is segmented into horse feed, camel feed,, poultry feed,, piggery & aquaculture,, others (including pet food). Horse Feed dominates with highest share in terms of revenue contribution as compared to other applications followed by Camel Feed during 2017-2030 period . Geographically North America dominates with highest share followed by Europe due to high demand for horse feeds from countries such as UAS., Canada.
Product Definition:
Derivatives of the alfalfa plant are used in a variety of food and beverage products. They are also used as a source of fiber, protein, and other nutrients.
Bales:
Bales is the traditional and primary unit of weight measurement in haymaking. It is a stack of 40 bushels (a peck) or 16 cubic feet. Baling hay generally refers to roughage, which is cut and stacked for drying in pastures or fields.
Pellets:
Pellets is a type of solid granular material made from organic materials such as wood, bark, and seeds. Pellets are used in the production of various food & feed products including animal feed (maltodextrin), food additives (oligosaccharides), pharmaceuticals (polydextrose) and fertilizers.
Application Insights:
The horse feed segment accounted for the largest revenue share of over 60.0% in 2017 and is anticipated to maintain its lead over the forecast period. The growing popularity of horses as a leisure activity and as a result, increasing demand for alfalfa-based products are expected to drive growth during the forecast period.
Alfalfa contains luteinizing hormone releasing factor (LHRF), which helps stimulate testosterone production in males, resulting in increased fertility rates among females. This property has resulted in increased usage of bales as animal feed by breeders across various regions including North America and Europe due to high fertility rates among mares fed with alfalfa derivatives coupled with low maintenance costs associated with horses.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to increasing demand for alfalfa-based products from horses and other animals as well as from human food & beverage industry in countries, such as U.S., Canada, and Mexico.
The Asia Pacific market was valued at USD X billion in 2017.
Growth Factors:
- Increasing demand for healthy and nutritious food products is driving the growth of the alfalfa derivatives market.
- Rising awareness about the health benefits of alfalfa derivatives is another key factor propelling the market growth.
- Growing demand for natural ingredients in food products is also fueling the growth of this market.
- The increasing popularity of plant-based diets is contributing to the expansion of this market globally. 5) The growing trend towards organic foods is also providing a boost to this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Alfalfa Derivatives Market Research Report
By Type
Bales, Pellets, Others
By Application
Horse Feed, Camel Feed, Others
By Companies
Alfalfa Monegros, Anderson Hay & Grain, Border Valley, Carli Group, Cubeit Hay, M&C Hay, Mc Cracken Hay, Riverina, S&W Seed, Standlee Hay, Alfalfa Monegros
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Alfalfa Derivatives Market Report Segments:
The global Alfalfa Derivatives market is segmented on the basis of:
Types
Bales, Pellets, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Horse Feed, Camel Feed, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alfalfa Monegros
- Anderson Hay & Grain
- Border Valley
- Carli Group
- Cubeit Hay
- M&C Hay
- Mc Cracken Hay
- Riverina
- S&W Seed
- Standlee Hay
- Alfalfa Monegros
Highlights of The Alfalfa Derivatives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bales
- Pellets
- Others
- By Application:
- Horse Feed
- Camel Feed
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Alfalfa Derivatives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Alfalfa derivatives are a type of agricultural product that is made from the leaves and stems of the alfalfa plant. These products can be used to feed livestock or as a source of food for humans.
Some of the key players operating in the alfalfa derivatives market are Alfalfa Monegros, Anderson Hay & Grain, Border Valley, Carli Group, Cubeit Hay, M&C Hay, Mc Cracken Hay, Riverina, S&W Seed, Standlee Hay, Alfalfa Monegros.
The alfalfa derivatives market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Alfalfa Derivatives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Alfalfa Derivatives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Alfalfa Derivatives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Alfalfa Derivatives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Alfalfa Derivatives Market Size & Forecast, 2018-2028
4.5.1 Alfalfa Derivatives Market Size and Y-o-Y Growth
4.5.2 Alfalfa Derivatives Market Absolute $ Opportunity
Chapter 5 Global Alfalfa Derivatives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Alfalfa Derivatives Market Size Forecast by Type
5.2.1 Bales
5.2.2 Pellets
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Alfalfa Derivatives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Alfalfa Derivatives Market Size Forecast by Applications
6.2.1 Horse Feed
6.2.2 Camel Feed
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Alfalfa Derivatives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Alfalfa Derivatives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Alfalfa Derivatives Analysis and Forecast
9.1 Introduction
9.2 North America Alfalfa Derivatives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Alfalfa Derivatives Market Size Forecast by Type
9.6.1 Bales
9.6.2 Pellets
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Alfalfa Derivatives Market Size Forecast by Applications
9.10.1 Horse Feed
9.10.2 Camel Feed
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Alfalfa Derivatives Analysis and Forecast
10.1 Introduction
10.2 Europe Alfalfa Derivatives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Alfalfa Derivatives Market Size Forecast by Type
10.6.1 Bales
10.6.2 Pellets
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Alfalfa Derivatives Market Size Forecast by Applications
10.10.1 Horse Feed
10.10.2 Camel Feed
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Alfalfa Derivatives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Alfalfa Derivatives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Alfalfa Derivatives Market Size Forecast by Type
11.6.1 Bales
11.6.2 Pellets
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Alfalfa Derivatives Market Size Forecast by Applications
11.10.1 Horse Feed
11.10.2 Camel Feed
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Alfalfa Derivatives Analysis and Forecast
12.1 Introduction
12.2 Latin America Alfalfa Derivatives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Alfalfa Derivatives Market Size Forecast by Type
12.6.1 Bales
12.6.2 Pellets
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Alfalfa Derivatives Market Size Forecast by Applications
12.10.1 Horse Feed
12.10.2 Camel Feed
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Alfalfa Derivatives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Alfalfa Derivatives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Alfalfa Derivatives Market Size Forecast by Type
13.6.1 Bales
13.6.2 Pellets
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Alfalfa Derivatives Market Size Forecast by Applications
13.10.1 Horse Feed
13.10.2 Camel Feed
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Alfalfa Derivatives Market: Competitive Dashboard
14.2 Global Alfalfa Derivatives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alfalfa Monegros
14.3.2 Anderson Hay & Grain
14.3.3 Border Valley
14.3.4 Carli Group
14.3.5 Cubeit Hay
14.3.6 M&C Hay
14.3.7 Mc Cracken Hay
14.3.8 Riverina
14.3.9 S&W Seed
14.3.10 Standlee Hay
14.3.11 Alfalfa Monegros
