Market Size of Sudan Alfalfa Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 240.08 Billion |
Market Size (2029) | USD 313.78 Billion |
CAGR (2024 - 2029) | 5.50 % |
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Sudan Alfalfa Market Analysis
The Sudan Alfalfa Market size is estimated at USD 240.08 billion in 2024, and is expected to reach USD 313.78 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).
- Alfalfa is native to warmer temperate climates, widely grown in the Northern and Central parts of the country. Historically, alfalfa was grown by small farmers using river or bore water. Those farmers used surface (canal) irrigation to water the crop. But with the growing demand for the crop, businesses started to irrigate their wide fields through center pivots that now spread widely in the country.
- The major factors influencing the alfalfa hay market include the increasing demand for quality hay for livestock and cattle population, prices of alfalfa hay, and price trends in alternative feed and forage.
- According to various research studies, feeding alfalfa hay enhances the growth and development of animals at a faster rate and improves milk productivity. This increased demand for alfalfa hay, especially for feeding cattle and horses.
- The production of alfalfa in Sudan is showcasing a consistently increasing trend. One of the main driving factors is the increasing investments in the country by various foreign firms, especially from the GCC (Gulf Cooperation Council) countries. Currently, there are no imports of alfalfa into the country. However, the country imports seeds for cultivating alfalfa from other countries, such as Australia, the United States, and the United Arab Emirates.