Spain Alfalfa Hay Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Alfalfa Hay Market is segmented by Type (Bales, Pellets, and Cubes), Application (Meat/Dairy Animal Feed, Poultry Feed, Horse Feed, and Other Applications).

Market Snapshot

 alfalfa market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 5.3 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Spain alfalfa hay market is projected to register a CAGR of 5.3% during the forecast period (2020-2025). Spain is one of the major producers of alfalfa in Europe. Due to the high nutritional content of alfalfa, the demand is growing in the market. This rich nutritional content of alfalfa drives the market as the need for the quality feed for animals is increasing. The principal alfalfa-growing areas in Spain are Castilla y Leon and the Ebro Valley, and alfalfa produced in the Aragon region is mainly destined for the export market. After the United States, Spain is the largest alfalfa hay exporter across the globe. The United Arab Emirates, China, and France are the major export destinations to Spain. Increased domestic production, with the growing demand for hay from the Middle East and the United Arab Emirates, are the dominant factors, which are driving the market for alfalfa hay in the country

Some of the key players in the market are Alfalfa Monegros, S. L., Al Dahra Agriculture, DYCASA Anderson Hay & Grain Inc., Cubeit Hay Company, AGER S.L, and Grupo Osés.

Scope of the report

The report defines alfalfa hay products, in terms of the end-users. The Spanish alfalfa hay market is segmented by type into bales, pellets and cubes and by application into meat/dairy animal feed, horse feed poultry, and others. The report provides analysis of market share, major players, investment opportunities, current market scenario for the forecast period.

Type
Bales
Pellets
Cubes
Application
Meat/dairy animal feed
Poultry
Horse feed
Other Animal Types

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand for Dairy and Meat Products

Livestock is a major factor responsible for the growth of the alfalfa hay market. Alfalfa is one of the most important feed sources for animals worldwide, owing to its nutritional benefits. Alfalfa hay is used, primarily as an animal feed for dairy cows, horses, beef cattle, sheep, chickens, turkeys, and other farm animals. It has the most feed value of all perennial pasture forages. Furthermore, to meet the increasing demand for high-value animal protein the animal farming is increasing. According to FAO, in 2018 cattle and buffaloes population was 6.51 million heads as against 6.46 million heads in 2017. The demand for alfalfa hay is increasing significantly due to the increasing animal population driven by the demand for meat and other animal products. Cattles and buffaloes' population in Spain is recording steady growth.

Spain Alfalfa Market

To understand key trends, Download Sample Report

High Nutritional Property of Alfalfa is Driving the Export Market

Owing to the nutritional benefits the alfalfa hays are higher in protein and minerals and are more palatable than grass hays. Alfalfa, in particular, is high in energy and is an excellent source of vitamins and minerals. It contains between 15 to 22% crude protein as well as an excellent source of a wide range of vitamins and minerals. Due to the high nutritional content of alfalfa, the demand is growing across the world. According to ITC Trade, in 2019, Spain is one of the leading exporters of the Alfalfa meal and pellets with 18.7% of the total export. In 2018 the amount of meal and pellets exported was 230,851 tons as compared to 342,270 tons in 2018. Spain accounted for the export value of USD 54,544 thousand in 2019 as compared to USD 76,478 thousand in 2018. France, the United Arab Emirates, and China being the major importer from Spain with a share of 19.6%, 14.7%, and 12.1% respectively in 2019.

Spain Alfalfa Market

Competitive Landscape

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. Spain is the largest producer and exporter of alfalfa in the Europe. Some of the key players in the market are Alfalfa Monegros, S. L., Al Dahra Agriculture, DYCASA Anderson Hay & Grain Inc.,Cubeit Hay Company, AGER S.L and Grupo Osés.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Bales

      2. 5.1.2 Pellets

      3. 5.1.3 Cubes

    2. 5.2 Application

      1. 5.2.1 Meat/dairy animal feed

      2. 5.2.2 Poultry

      3. 5.2.3 Horse feed

      4. 5.2.4 Other Animal Types

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Competitor Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Cubeit Hay Company

      2. 6.3.2 Al Dahra Agriculture

      3. 6.3.3 Grupo Oses

      4. 6.3.4 Alfalfa Monegros S.L.

      5. 6.3.5 DYCASA

      6. 6.3.6 Bailey Farms Inc.

      7. 6.3.7 Anderson hay & grain co

      8. 6.3.8 Coaba

      9. 6.3.9 The Accomazzo Company

      10. 6.3.10 S&S Agrisource Holding LLC

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Spain Alfalfa Hay Market market is studied from 2016 - 2026.

The Spain Alfalfa Hay Market is growing at a CAGR of 5.3% over the next 5 years.

Grupo Oses, Al Dahra Agriculture, Alfalfa Monegros S.L., DYCASA, Cubeit Hay Company are the major companies operating in Spain Alfalfa Hay Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!