The global production of alfalfa hay was 226.3 million metric ton in 2018, and it is expected to register a CAGR of 7.3% during the forecast period (2019-2024).Livestock is a major factor responsible for the growth of global alfalfa hay market. Annual growth of meat production in developing countries is projected to be 2.95% and that of milk production 2.40% till 2024. This is expected to increase the developing countries’ share in the world meat production to 78% and in milk production to 65%.
The increasing dairy and animal products demand will be a principal driving factor for the global alfalfa hay market growth. Lifestyle change from active to sedentary will increase the nutritious food demand among the consumers. Increasing awareness about low carbohydrate diet and ketogenic diet plans for healthier lifestyle will also increase milk and another dairy products demand. Increasing life expectancy and milk-based diets of senior citizens will also catalyze the industry.
The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Alfalfa Hay by product, region and application, in addition, this report introduces market competition situation among the companies and company profile, besides, market price analysis and value chain features are covered in this report.
Product Type Coverage Market Size & Forecast, Major Vendors of Product Type etc.:
Alfalfa Hay Bales
Alfalfa Hay Pellets
Alfalfa Hay Cubes
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Vendors Coverage Sales Revenue, Price, Gross Margin, Main Products etc.:
Border Valley Trading
Sacate Pellet Mills
Oxbow Animal Health
Qiushi Grass Industry
Beijing HDR Trading
Beijing Lvtianyuan Ecological Farm
Inner Mongolia Dachen Agriculture
Inner Mongolia HuangYangwa Grass Industry
Application Coverage Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.:
Dairy Cow Feed
Beef Cattle & Sheep Feed
Region Coverage Regional Output, Demand & Forecast by Countries etc.:
Middle East & Africa
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