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The US alfalfa hay market is segmented by product type (bales, pellets, and cubes) and application (meat/dairy animal feed, poultry feed, horse feed, and other applications).
The US alfalfa hay market is expected to register a CAGR of 8.7% over the forecast period (2020-2025). Some of the alfalfa hay producing states in the United States, as of 2017, were California, Idaho, Montana, and Minnesota. China, Japan, Saudi Arabia, and the United Arab Emirates are the top export destinations in the United States. Decreased domestic production and the need for meeting the feed requirement in Saudi Arabia, along with the increasing demand for milk and meat products, are driving the growth of the US alfalfa hay market.
Based on product type, the alfalfa hay market is segmented into bales, pellets, and cubes. By application, the market is segmented into meat/dairy animal feed, poultry feed, horse feed and other applications. The report also provides an overview of the major players, growth, and trends in the market studied.
|By Product type|
|Meat/Dairy Animal Feed|
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Some of the alfalfa hay producing states in the United States, as of 2017, were California, Idaho, Montana, and Minnesota. These states account for nearly 27% of the alfalfa hay production in the country. China, Japan, Saudi Arabia, and the United Arab Emirates are the top export destinations of the United States, and China is expected to remain as the key market for the US alfalfa hay exports in the near future. Furthermore, almost half of the country’s exports of alfalfa hay is to China.
The domestic production of alfalfa hay in Saudi Arabia declined. As the country needs to satisfy the demand for alfalfa hay from the dairy market, it mainly relies on imports. Furthermore, it is expected to remain as one of the key buyers from the US alfalfa hay market.
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The US livestock sector is projected to increase production over the next decade, an expansion that reflects several factors. The United States and Spain are major exporters of alfalfa hay livestock, globally. The use of alfalfa hay is considered essential, particularly for poultry feed, followed by animal feed, due to its crude protein content. Dependence on alfalfa hay for animal feed may continue to drive the alfalfa hay market, globally, over the forecast period. Annual growth of meat production and milk production in developing countries is expected to drive the market’s growth. Alfalfa, which is a good source of nutrition, is the main feed for cattle and poultry. The dairy sector is essentially boosting the demand for alfalfa hay in China.
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The alfalfa hay market is fragmented. In the United States, alfalfa hay supply is concentrated in California, Idaho, Montana, and Minnesota and consumption is concentrated in China, Japan, the United Arab Emirates, and Saudi Arabia. Some of the key players in the market are Al Dahra ACX Global Inc., Alfalfa Monegros SL, Border Valley, Bailey Farms, and Anderson Hay & Grain Inc.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product type
5.2 By Application
5.2.1 Meat/Dairy Animal Feed
5.2.2 Poultry Feed
5.2.3 Horse feed
5.2.4 Other Applications
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Al Dahra ACX Global Inc.
6.3.2 Alfalfa Monegros SL
6.3.3 Border Valley
6.3.4 Bailey Farms
6.3.5 Anderson Hay & Grain Inc.
6.3.6 Cubeit Hay Company
6.3.7 Aldahra Glenvar Hay
6.3.8 Green Prairie International
6.3.9 Hay USA Inc.
6.3.10 Haykingdom Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability