Global Alfalfa Market: Soaring Demand for Animal Feed and Urban Beekeeping Driving Market Growth

The alfalfa market has been witnessing stellar growth and the trend is anticipated to continue, fuelled by factors such as increasing demand for honey, wax and propolis, along with regenerative agriculture practices.

What Is The Projected Market Size Of The Global Alfalfa Market And Its Growth Rate?
The global alfalfa market has displayed an impressive growth pattern in the recent years and is projected to continue on this trajectory:
• The market size stood at a substantial $29.09 billion in 2024 and escalated to $31.03 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%.
• The market size is projected to witness robust growth to hit $40.73 billion in 2029 at a compound annual growth rate (CAGR) of 7.0%.
These expected growth rates can be attributed to facets like global pollination demand, expansion of non-food bee products, rise in urban beekeeping and alternative income sources for farmers.

What Is Driving The Growth In The Alfalfa Market?
Growth in the alfalfa market is being driven by an increasing demand for animal feed. Alfalfa hay is a high-protein diet fed to cattle and horses, supplementing their nutrition, and has seen increased usage in recent years. This rise in demand for animal feed has improved the growth of the alfalfa market. For instance, according to the Agriculture and Horticulture Development Board, the poultry feed production increased from 3,434.1 Mt in 2022-2023 to 3,567.5 Mt in 2023-2024, indicating a 3.9% rise.

Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10405&type=smp

Who Are the Key Players Driving Alfalfa Market Growth?
Key players in the global alfalfa market include:
• Alfalfa Monegros SL
• Anderson Hay & Grain Co Inc.
• Green Prairie International Inc.
• SL Follen Company
• Bailey Farms Inc.
• HayKingdom Inc.
• Cubeit Hay Company
• McCracken Hay Company
• Border Valley
• Carli Group
• M&C Hay
• Al Dahra ACX Global Inc.
• La Crosse Forage And Turf Seeds
• California Alfalfa Products Inc.

What Are The Key Trends In The Alfalfa Market?
The key trends in the alfalfa market include:
• Technological integration in beekeeping
• Bee health and disease management
• Bee-friendly agriculture initiatives
• Education and training programs
• Explore alternatives for pollinators

What Are The Segments Of The Global Alfalfa Market?
The alfalfa market report covers the following segments:
1) By Product Type: Pellets, Hay, Cubes, Other Product Type
2) By Animal Type: Cattle, Horses, Other Animal Type
3) By Application: Animal Feed, Forage, Biofuel

Which Region Leads The Alfalfa Market?
North America led the global alfalfa market in 2024, while Asia-Pacific is expected to be the fastest-growing region in the upcoming years. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/alfalfa-global-market-report

What Is Covered In The Alfalfa Market Global Market Report?
- Market Size Analysis: Analyze the Alfalfa Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Alfalfa Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Alfalfa Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Alfalfa Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Request Customization for This Report:
https://www.thebusinessresearchcompany.com/Customise?id=10405&type=smp

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.