Alfalfa Seed Market - Segmented by Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Alfalfa Seed Market is Segmented by Geography into North America, Europe, Asia-Pacific, South America, and Africa.

Market Snapshot

farm management software market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Africa
Largest Market: North America
CAGR: 6.5 %

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Market Overview

The global alfalfa seed market was valued at USD 750.1 million in 2019, and it is expected to register a CAGR of 6.5% during the forecast period (2020-2025). In 2019, North America was the largest geographical segment of the market studied, and it accounted for a share of around 37.6% of the global market.

Using hybrid alfalfa seeds, high quality of fodder for animals can be produced, thereby providing a better yield in less land, as compared to the non-hybrid seeds production within the same land. The growth in livestock production is likely to create a demand for better forage crops, as there is a high demand for better-quality meat. Farmers are preferring hybrid seeds in order to increase crop production. Generally, the land allocated for forage crops is less, as compared to other crops. Thus, the use of hybrid seeds is increasing rapidly in order to overcome challenges, like diminishing cropland and less yield. As the resources and land available for animal food production are less, the best way is to grow fodder is by using hybrid seeds.

Scope of the Report

Owing to its high versatility, alfalfa has been used as hay, silage, grazing, green-chop, or rotation crop. The forage seed industry, including that for alfalfa seeds for sowing, is flourishing in developed regions, where the availability of quality forage seeds is high. Moreover, farmers are willing to pay for the high prices of seeds. The growing demand for forage crops can only be supported with better-quality forage seeds. However, in developing regions, the production for forage crops is negligible.

Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Egypt
Rest of Africa

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Key Market Trends

Growing Industrial Livestock Production and Rising Demand for Meat and Dairy Products

Owing to the increasing awareness regarding protein and healthy food and the inclination of consumers toward the inclusion of healthy food in their diets, the demand for dairy products and healthy meat is increasing, which is resulting in the demand for forage crops. Livestock production accounts for one-third of the global cropland, and it is also competing for water, land, energy, and labor, which is challenging. Alfalfa seeds can be one of the solutions to overcome the aforementioned challenges and for better production of livestock. Alfalfa has higher protein levels, minerals, and vitamins, and low starch, as compared to unsprouted seeds. It gives an additional nutritional level to livestock, which helps in increasing the production and meeting the demand for milk, meat, eggs, and other dairy products. This boosts the demand for alfalfa seeds across the world.

Combine harvester market1

North America Dominates the Global Market

The United States is the leading country in the global alfalfa seed market, followed by Canada. Saudi Arabia, Mexico, Canada, Argentina, China, Peru, Algeria, and Sudan are the top importers of alfalfa seeds from the United States. California, Idaho, Washington, Nevada, Montana, and Wyoming are the major alfalfa-producing states in the United States. More than 85% of the production of alfalfa seeds occurs in these northwestern states of the United States and relatively lesser are grown in the southwestern states. Canadian alfalfa imports are significant, with large quantities destined for Ontario and Quebec.

Global Alfalfa Seed Market2

Competitive Landscape

The global alfalfa seed market is fragmented, and no single company has the majority stake in the market. Around 50% of the market is accounted for by various small companies that are involved in the production of alfalfa seeds. DLF International is one of the most active companies in the global alfalfa seed market, as it is highly involved in various acquisitions, product launches, and partnerships, in order to consolidate its position in the market. Other major active companies are Alforex Seeds, DLF International, and S&W Seeds.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 United States

        2. 5.1.1.2 Canada

        3. 5.1.1.3 Mexico

        4. 5.1.1.4 Rest of North America

      2. 5.1.2 Europe

        1. 5.1.2.1 Germany

        2. 5.1.2.2 United Kingdom

        3. 5.1.2.3 France

        4. 5.1.2.4 Spain

        5. 5.1.2.5 Italy

        6. 5.1.2.6 Rest of Europe

      3. 5.1.3 Asia-Pacific

        1. 5.1.3.1 China

        2. 5.1.3.2 Japan

        3. 5.1.3.3 India

        4. 5.1.3.4 Australia

        5. 5.1.3.5 Rest of Asia-Pacific

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

        2. 5.1.4.2 Argentina

        3. 5.1.4.3 Rest of South America

      5. 5.1.5 Africa

        1. 5.1.5.1 South Africa

        2. 5.1.5.2 Egypt

        3. 5.1.5.3 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Alforex Seeds LLC

      2. 6.3.2 DLF International Seeds

      3. 6.3.3 La Crosse Seed

      4. 6.3.4 S&W Seed Company

      5. 6.3.5 Bayer

      6. 6.3.6 Dyna-Gro Seed

      7. 6.3.7 Forage Genetics International

      8. 6.3.8 Allied Seed LLC

      9. 6.3.9 Corteva Agriscience

      10. 6.3.10 LG Seeds

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Alfalfa Seed Market market is studied from 2016 - 2026.

The Alfalfa Seed Market is growing at a CAGR of 6.5% over the next 5 years.

Africa is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Alforex Seeds LLC, DLF International Seeds, La Crosse Seed, S&W Seed Company, Bayer Cropscience are the major companies operating in Alfalfa Seed Market.

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