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The French Alfalfa Hay Market has been segmented by Type into Bales, Pellets, and Cubes, and by Application into Meat/Dairy Animal Feed, Poultry Feed, Horse Feed, and Other Applications.
2016 - 2026
The France alfalfa market is estimated to grow at a CAGR of 3.4% during the forecast period. There is a significant production of alfalfa in the country. Around 80% of the alfalfa in France is grown in the main farming region east of Paris but in all of France, 10,000 farmers grow the crop for themselves or for various drying plants operated by co-ops. In a good year, up to 4 cuts of alfalfa can be taken annually with a yield of 14 tonnes per hectare from the first cut.
The scope of the report surrounds alfalfa which is a leguminous plant with clover-like leaves and bluish flowers, native to south-western Asia and widely grown for fodder. The alfalfa market in France has been studied in depth in the report.
|Meat/Dairy Animal Feed|
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France is one of the major producers of alfalfa and exports the crop after drying it, to a number of different countries, some of which are affected by hot temperatures and long spells of drought. France itself was also affected by drought for in 2017 and 2018 and as a result, many farmers started to actively grow alfalfa in their fields as the grass was not growing naturally. One of the main advantages of alfalfa is that it contains 2,400kgs of protein per hectare which is much higher than soya at 1,000kgs to 1,500kgs of protein per hectare. Alfalfa gains its high content of nutrients and vitamins due to its deep root system that can extend to over 20 feet deep taking in nutrients unreachable by normal root systems. Farmers that grow alfalfa in France receive a subsidy from the European Parliament of around USD 11.18 per tonne. In total, French farmers grow in the region of 67,000 hectares of alfalfa each year and receive approximately USD 8.9 million in subsidies for it. Owing to these factors the production of alfalfa in France has been increasing and is likely to grow further in the years to come.
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The growing alfalfa production in France is supporting the rise of exports of the commodity from the country. Alfalfa from France is exported all over Europe and beyond as a high protein feed for mainly cattle and horses. The major importers of alfalfa from France include Belgium, Germany, Switzerland, Netherlands, and Norway. Belgium accounted for the largest share of exports in 2019 at 22.4% followed by Germany at 16.4% in the same year. By quantities, the country has exported 216,648 metric tons of alfalfa in 2019 which is valued at USD 46,915 thousand. The exports of alfalfa from France is likely to be on the rise since the country is actively increasing the domestic production of the commodity which is likely to grow over the coming years.
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The alfalfa hay market in France is highly fragmented. Companies not only compete on new product launches but also focus on strategic moves such as merger and acquisition, expansion to acquire larger market shares.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 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 Industry Attractiveness - Porter's Five Forces 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
5.2.1 Meat/Dairy Animal Feed
5.2.2 Poultry Feed
5.2.3 Horse Feed
5.2.4 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Anderson Hay & Grain Co.
6.3.2 Cubeit Hay Company
6.3.3 Douliere Hay France SAS
6.3.4 Gilles Baudot French Hay
6.3.5 S&S Agrisource Holding LLC
6.3.6 Coaba Group
6.3.7 SL Follen Company
6.3.8 Al Dahra ACX Global, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19