Market Size of Asia-Pacific Alfalfa Industry
| 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
*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.
