Asia-Pacific Alfalfa Market Size

Statistics for the 2023 & 2024 Asia-Pacific Alfalfa market size, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Alfalfa size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Asia-Pacific Alfalfa Industry

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Asia Pacific Alfalfa Market Size
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 10.29 Billion
Market Size (2029) USD 13.27 Billion
CAGR (2024 - 2029) 5.20 %

Major Players

Asia Pacific Alfalfa Market Keyplayers

*Disclaimer: Major Players sorted in no particular order

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APAC Alfalfa Hay Market Analysis

The Asia-Pacific Alfalfa Market size is estimated at USD 10.29 billion in 2024, and is expected to reach USD 13.27 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).

Alfalfa is an important feed for dairy cattle, beef cattle, horses, sheep, and goats. Asia-Pacific is expected to witness the fastest growth during the forecast period. The increasing demand for high-quality hay for increasing milk production is the key factor driving the growth of the alfalfa market.

Owing to the benefits of alfalfa, including high contents of nutrients, protein, and energy that help improve the overall growth of the livestock, the global alfalfa market is expected to witness significant growth in the near future. Considering the increasing popularity of the product, it is expected that the production of the alfalfa will increase exponentially in Asia-pacific. China is the largest importer of alfalfa from the United States.

Asia-Pacific Alfalfa Hay Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)