Market Overview:
The global lucerne market is expected to grow at a CAGR of 5.5% from 2018 to 2030. Lucerne is a high-quality forage crop that is used in the food industry, aquaculture industry, and other applications. The demand for lucerne is increasing due to its nutritional value and its ability to improve the quality of livestock feed. Lucerne hay, chaff, silage, and others are some of the major types of lucerne products available in the market. North America dominates the global lucerne market followed by Europe and Asia Pacific.
Product Definition:
Lucerne (or alfalfa) is a fodder crop that is high in protein, fiber, and minerals. It is an important source of livestock feed, and the dried hay or pellets made from lucerne are also used as animal feed.
Hay:
Hay is the dried grass of the species, Poa annua. It has been utilized as a fodder for livestock and as a source of fiber since Neolithic times. The growth factor in lucerne market is driven by factors such as increasing demand from end-use industries including animal feed and paper & pulp, growing consumer awareness regarding high nutritional value of hay, technological advancements in terms of processing techniques used to manufacture hay based products are some major drivers for this market.
Chaff:
Chaff is a dry, bright-yellow powder produced by the process of heating and smoking plant matter. It is primarily used as an anti-caking additive in fertilizers and animal feed. The product also has several other applications including insecticides, herbicides, fungicides, etc., which are further detailed below. Lucerne (alfalfa) grown globally contains high levels of potassium & phosphorous but low levels of nitrogen; thus it requires additional nutrients for growth & development.
Application Insights:
Aquaculture industry is one of the key application areas for lucerne. The product plays an important role in aquafeed formulation as it provides essential amino acids, fatty acids and other nutrients required by fish. Furthermore, due to its high protein content, it can be used as a primary feed ingredient for farmed Atlantic salmon and Pacific Chinook salmon.
The food industry is another major application area where the product finds extensive use owing to its nutritional properties and ability to improve soil quality over time. It helps in increasing soil fertility when incorporated with farm fields over time due to the release of nutrients held within the plant tissue itself. In addition, farmers from various regions incorporate different types of lucerne depending on their availability along with field peas or soybean meal during springtime for better results when incorporating these crops into farms at later stages during summer or autumn seasons.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, registering a CAGR of XX% from 2018 to 2030. The growth in this region is attributed to increasing demand for lucerne as a feedstock in countries such as China and India owing to its wide range of applications and availability at low cost. Furthermore, favorable government policies promoting investments in agriculture are anticipated to drive the market over the forecast period.
Europe accounted for more than 25% of global revenue share in 2017 due to high animal feed production coupled with stringent regulations regarding quality standards set by European Commission (EC). In addition, growing demand for meat products along with presence of major meat processing companies including JBS; Tyson Foods Inc.; National Beef; Cargill Inc.; and others will augment product consumption over the next eight years.
Growth Factors:
- Increasing demand for dairy products from the burgeoning middle-class population in developing countries.
- Lucerne's reputation as a high-quality and safe source of dairy products.
- Lucerne's ability to meet the needs of consumers with specific dietary requirements, such as organic or lactose-free milk products.
- The increasing popularity of cheese as a versatile and healthy food ingredient worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lucerne Market Research Report
By Type
Hay, Chaff, Silage, Others
By Application
Food Industry, Aquaculture Industry, Others
By Companies
Haykingdom, Glenvar Hay, Anderson Hay & Grain, Alfalfa Monegros, S&W Seed, Cubeit Hay, M&C Hay, Standlee Hay, Border Valley, Gruppo Carli, ACX Global, Bailey Farms, Aldahra Fagavi, Grupo Osés, Huishan Diary
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Lucerne Market Report Segments:
The global Lucerne market is segmented on the basis of:
Types
Hay, Chaff, Silage, 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
Food Industry, Aquaculture Industry, 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:
- Haykingdom
- Glenvar Hay
- Anderson Hay & Grain
- Alfalfa Monegros
- S&W Seed
- Cubeit Hay
- M&C Hay
- Standlee Hay
- Border Valley
- Gruppo Carli
- ACX Global
- Bailey Farms
- Aldahra Fagavi
- Grupo Osés
- Huishan Diary
Highlights of The Lucerne 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:
- Hay
- Chaff
- Silage
- Others
- By Application:
- Food Industry
- Aquaculture Industry
- 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 Lucerne 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Lucerne is a city in the Swiss canton of Lucerne and the capital of the district of Lucerne. With a population of about 100,000 people, it is one of Switzerland's most important cities.
Some of the major players in the lucerne market are Haykingdom, Glenvar Hay, Anderson Hay & Grain, Alfalfa Monegros, S&W Seed, Cubeit Hay, M&C Hay, Standlee Hay, Border Valley, Gruppo Carli, ACX Global, Bailey Farms, Aldahra Fagavi, Grupo Os©s, Huishan Diary.
The lucerne market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lucerne 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 Lucerne Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lucerne 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 Lucerne 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 Lucerne Market Size & Forecast, 2020-2028
4.5.1 Lucerne Market Size and Y-o-Y Growth
4.5.2 Lucerne Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Hay
5.2.2 Chaff
5.2.3 Silage
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Food Industry
6.2.2 Aquaculture Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lucerne 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 Lucerne 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Hay
9.6.2 Chaff
9.6.3 Silage
9.6.4 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 Market Size Forecast by Applications
9.10.1 Food Industry
9.10.2 Aquaculture Industry
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Hay
10.6.2 Chaff
10.6.3 Silage
10.6.4 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 Market Size Forecast by Applications
10.10.1 Food Industry
10.10.2 Aquaculture Industry
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Hay
11.6.2 Chaff
11.6.3 Silage
11.6.4 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 Market Size Forecast by Applications
11.10.1 Food Industry
11.10.2 Aquaculture Industry
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Hay
12.6.2 Chaff
12.6.3 Silage
12.6.4 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 Market Size Forecast by Applications
12.10.1 Food Industry
12.10.2 Aquaculture Industry
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Hay
13.6.2 Chaff
13.6.3 Silage
13.6.4 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) Market Size Forecast by Applications
13.10.1 Food Industry
13.10.2 Aquaculture Industry
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 Lucerne Market: Competitive Dashboard
14.2 Global Lucerne Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haykingdom
14.3.2 Glenvar Hay
14.3.3 Anderson Hay & Grain
14.3.4 Alfalfa Monegros
14.3.5 S&W Seed
14.3.6 Cubeit Hay
14.3.7 M&C Hay
14.3.8 Standlee Hay
14.3.9 Border Valley
14.3.10 Gruppo Carli
14.3.11 ACX Global
14.3.12 Bailey Farms
14.3.13 Aldahra Fagavi
14.3.14 Grupo Osés
14.3.15 Huishan Diary
