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Report
United States Alfalfa Market Report and Forecast 2024-2032
Market Report I 2024-02-13 I 166 Pages I EMR Inc.
United States Alfalfa Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the United States alfalfa market reached a value of USD 8.08 billion in 2023. Aided by its pivotal role in the agriculture and livestock sectors, the market is projected to further grow at a CAGR of 7.1% between 2024 and 2032 to reach a value of USD 15.06 billion by 2032.
Alfalfa, often hailed as the "Queen of Forages," stands as a cornerstone in animal nutrition, particularly within the dairy and beef industries. Its high protein content, essential vitamins, and minerals make it an ideal feed for livestock, contributing to improved health, productivity, and growth. Additionally, alfalfa's role in crop rotations and soil health management highlights its environmental and agricultural importance, promoting soil fertility and reducing erosion risks.
The United States alfalfa market demand is propelled by several key factors. The increasing demand for dairy and meat products drives the need for high-quality animal feed, placing alfalfa at the forefront of feed choices due to its superior nutritional profile. Furthermore, the growing awareness among farmers and livestock producers about sustainable agricultural practices has underscored alfalfa's value in enhancing soil health and reducing the reliance on chemical fertilisers.
Technological advancements in alfalfa cultivation, harvesting, and processing have significantly contributed to United States alfalfa market growth, improving yield, quality, and efficiency. Innovations in genetic engineering and breeding techniques have led to the development of alfalfa varieties with enhanced traits, such as drought resistance and higher nutritional content, catering to the evolving needs of the agriculture industry.
Looking forward, the United States alfalfa market outlook is anticipated to be influenced by the continuous demand for high-quality animal feed and the increasing emphasis on sustainable agricultural practices. As the industry navigates challenges such as climate change and water scarcity, the development of drought-resistant and resource-efficient alfalfa varieties will be crucial in ensuring the crop's resilience and productivity.
Moreover, the expanding export markets for U.S. alfalfa, particularly in regions with growing dairy and livestock sectors, present lucrative opportunities for market expansion. The emphasis on traceability and sustainable farming practices is likely to enhance the global competitiveness of U.S. alfalfa, meeting the stringent quality and environmental standards of international markets.
Market Segmentation
The market can be divided based on product type, animal type, and region.
Market Breakup by Product Type
- Pellets
- Hay
- Cubes
Market Breakup by Animal Type
- Cattle
- Horse
- Others
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States alfalfa market. Some of the major players explored in the report by Expert Market Research are as follows:
- Anderson Hay & Grain Co. Inc.
- Al Dahra ACX, Inc.
- Border Valley Trading
- Bailey Farms International
- Cubeit Hay Company
- Andritz AG
- Standlee Premium Products, LLC
- S&W Seed Company (Alfalfa Partners)
- Green Prairie International, Inc.
- Haykingdom Inc.
- SL Follen Company
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Alfalfa Market Overview
8.1 Key Industry Highlights
8.2 North America Alfalfa Historical Market (2018-2023)
8.3 North America Alfalfa Market Forecast (2024-2032)
8.4 North America Alfalfa Market breakup by Country
8.4.1 United States
8.4.2 Canada
9 United States Alfalfa Market Overview
9.1 Key Industry Highlights
9.2 United States Alfalfa Historical Market (2018-2023)
9.3 United States Alfalfa Market Forecast (2024-2032)
10 United States Alfalfa Market by Product Type
10.1 Pellets
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Hay
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Cubes
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United States Alfalfa Market by Animal Type
11.1 Cattle
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Horse
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 United States Alfalfa Market by Region
12.1 New England
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mideast
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Great Lakes
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Plains
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Southeast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Southwest
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Rocky Mountain
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Far West
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code - 121410)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Anderson Hay & Grain Co. Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Al Dahra ACX, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Border Valley Trading
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Bailey Farms International
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Cubeit Hay Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Andritz AG
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Standlee Premium Products, LLC
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 S&W Seed Company (Alfalfa Partners)
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Green Prairie International, Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Haykingdom Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 SL Follen Company
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Alfalfa Market: Key Industry Highlights, 2018 and 2032
2. United States Alfalfa Market: Key Industry Highlights, 2018 and 2032
3. United States Alfalfa Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. United States Alfalfa Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. United States Alfalfa Historical Market: Breakup by Animal Type (USD Billion), 2018-2023
6. United States Alfalfa Market Forecast: Breakup by Animal Type (USD Billion), 2024-2032
7. United States Alfalfa Historical Market: Breakup by Region (USD Billion), 2018-2023
8. United States Alfalfa Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. United States Alfalfa Market Structure
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