Market Size of United States Alfalfa Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Alfalfa Market Analysis
The United States alfalfa hay market is expected to register a CAGR of 8.7% during the forecast period.
- The use of alfalfa hay has become critical to poultry feed, followed by animal feed in recent years, due to the need for crude protein content. Dependence on alfalfa hay for animal feed may continue to drive the alfalfa hay market over the forecast period. The major factors influencing the alfalfa hay market in the United States include the increasing demand for quality hay for livestock and cattle population, prices of alfalfa hay, and price trends in alternative feed and forage.
- The increasing demand for dairy and animal products, shrinking of the land for animal grazing, and growth in high-yielding cattle and bred cattle demand for feed are driving the alfalfa hay market. Growing investment in huge-scale dairy operations to meet the demands of commercial dairy operators is expected to aid the market growth during the forecast period.
- However, the decreasing land acreage due to drastically growing urbanization, competition regarding high crop value crops, and water restrictions are some of the critical factors hindering the growth of the alfalfa hay market.
