Market Size of Spain Alfalfa Hay Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.59 Billion |
| Market Size (2029) | USD 1.99 Billion |
| CAGR (2024 - 2029) | 4.60 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Spain Alfalfa Hay Market Analysis
The Spain Alfalfa Hay Market size is estimated at USD 1.59 billion in 2024, and is expected to reach USD 1.99 billion by 2029, growing at a CAGR of 4.60% during the forecast period (2024-2029).
- Spain is one of the significant alfalfa producers in Europe. The rich nutritional content of alfalfa drives the market as the need for quality feed for animals is increasing. In Spain, there has been an increase in the population of animals for dairy products or meat. According to Eurostat, an increase in the total number of animals was observed in 2022. The increased number of animals drives the need for hay for survival. Alfalfa is considered to be the best hay of all.
- Spain is the major producer of alfalfa hay, which is majorly grown on irrigated land, particularly in the valley of Valle de Ebro. According to the AEFA (Spanish Manufacturers Association of Dehydrated Alfalfa), 80% of alfalfa produced during the 2020-2021 season was sent abroad. 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 globally. 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 driving the market for alfalfa hay in the country.
