Market Size of Saudi Arabia Alfalfa Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
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Saudi Arabia Alfalfa Hay Market Analysis
The Saudi Arabia alfalfa market is expected to register a CAGR of 5.2% during the forecast period.
- Over the medium term, factors including rising demand for quality hay for livestock and dairy production, prices of alfalfa hay, and health benefits of alfalfa over other alternative feed are expected to drive the market growth in the coming years. Livestock products remain the desired food for nutritional value and taste across major parts of Saudi Arabia.
- The annual poultry meat production in Saudi Arabia was around 910 thousand metric tons in 2021, which grew by 13.7% from 2019. Hence, the market is expected to grow significantly in the country with the rising demand from the meat industry.
- However, the major restraints for this market are a ban on forage production and ecological factors such as scarce water resources in the country. In 2019, the Saudi Arabian government announced a ban on the cultivation of green fodder (forages) and replaced it with imported sources. This is expected to increase the demand for imported high-protein alfalfa but is expected to lead to a decrease in the area harvested for alfalfa.
