Market Size of North America Alfalfa Hay Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.40 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Alfalfa Hay Market Analysis
North America Alfalfa Hay Market is projected to grow at a CAGR of 6.4% during the forecast period (2020-2025). Livestock is a major factor responsible for the growth of the global alfalfa hay market. There has been an immense pressure on the livestock sector to meet the increasing demand for high-value animal protein. Alfalfa hay has become a viable option to feed livestock in the region. By Application, Meat/Dairy animal feed is the largest growing segment in the market as dairy producers are known to be the major buyers of the alfalfa hay