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The alfalfa hay market is segmented by product type into Bales, pellets, and cubes, by application segmented into meat/Dairy Animal Feed, Poultry Feed, Horse Feed, and other applications and by geography.
The African Alfalfa Hay Market is expected to grow at a CAGR of 9.7%. Alfalfa plays a significant role as a type of livestock forage for the animal feed due to its high protein and digestible fiber content. The crop is mainly used for feeding dairy cows, cattle, horses, sheep, and goats. Sudan is the largest producer in Africa, followed by South Africa and Chile. Sudan has the advantage due to its geographical location, climate and water resources from the Nile and has now become a key player in the Middle Eastern alfalfa market. In 2016, South Africa emerged as a winner as the demand increased due to the worst drought in Africa. Prices saw a historical threefold increase.
The study provides an in-depth analysis of the African alfalfa hay market. The study discusses the scope, size, and growth of the industry. The alfalfa hay market is segmented on the basis of product type into Bales, pellets, and cubes. By application segmented into meat/Dairy Animal Feed, Poultry Feed, horse feed and other applications and by geography it is segmented into South Africa and others. The study covers competitor's analysis, production, consumption, exports and imports, market value, price dynamics and seasonality factors.
|By Product type|
|Meat/Dairy Animal Feed|
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Increasing high-quality hay demand for increasing milk production in dairy cattle is the key driving factor for the global alfalfa market. Moreover, owing to the benefits of alfalfa including high nutrient content, a 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. This increasing demand for nutrient feed is driving the alfalfa market.
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The population of cattle has been growing at a robust growth rate and rising demand for dairy products and high-quality animal feed, are the major factors, which are thriving the market growth of alfalfa hay across the region. For instance, in Oman, the cattle population enhanced from 374,020 in 2015 to 389,130 in 2017, while it accelerated from 17,412 in 2015 to 21,675 in 2017 in Qatar, which in turn, is driving the demand and consumption of alfalfa hay.
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African Alfalfa Market is very fragmented with very few dominant players. some of the companies that are into the alfalfa hay production that supply to the African countries are Al Dahra ACX Global Inc, Alfalfa Monegros SL, Border Valley, Bailey Farms and Anderson Hay & Grain Inc.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porters Five Force's Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product type
5.2 By Application
5.2.1 Meat/Dairy Animal Feed
5.2.2 Poultry Feed
5.2.3 Horse feed
5.2.4 Other applications
5.3 By Geography
22.214.171.124 South Africa
126.96.36.199 United Republic of Tanzania
188.8.131.52 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Al Dahra ACX Global Inc
6.3.2 Alfalfa Monegros SL,
6.3.3 Border Valley
6.3.4 Bailey Farms
6.3.5 Anderson Hay & Grain Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS