Steady Expansion Forecast for Alfalfa Market, Projected to Reach $40.73 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Alfalfa Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The value of the alfalfa market has experienced robust growth in the preceding years. It is projected to increase from $29.09 billion in 2024 to $31.03 billion in 2025, showing a compound annual growth rate (CAGR) of 6.7%. This growth observed in the historical period is linked to the growing demand for honey, wax, and propolis, the growth of the bee products market, understanding of bee decline, and global trade of bee products.

Alfalfa Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the alfalfa market is projected to experience considerable growth, expected to reach a value of "$40.73 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. The anticipated expansion during the forecast period can be linked to the increased global demand for pollination, the development of non-food bee products, bee health administration, regenerative farming practices, additional revenue streams for farmers and the surge in urban beekeeping. Key trends during this prediction period encompass the implementation of technology in beekeeping, bee health and sickness control, initiatives supporting bee-friendly agriculture, educational and training schemes, and the use of alternative pollinators.

View the full report here:
https://www.thebusinessresearchcompany.com/report/alfalfa-global-market-report

What Are the Drivers Transforming the Alfalfa Market?
The anticipated increase in animal feed demand is predicted to spur the growth of the alfalfa market. Animal feed, which is consumed by animals for nutrition, energy, or both, can contain components such as alfalfa hay. This is a popular feed for cattle and horses due to its high protein content, making it ideal for beef cattle who are fed a low-quality grass hay or corn stalk diet. Therefore, a boosted demand for animal feed ultimately enhances the alfalfa market's growth. For example, the Agriculture and Horticulture Development Board, a statutory levy board based in the UK, reported that poultry feed production in 2022-2023 was 3,434.1 Mt, climbing to 3,567.5 Mt in 2023-2024, marking a 3.9% growth. This increase in animal feed demand is propelling the alfalfa market's growth.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10405&type=smp

What Long-Term Trends Will Define the Future of the Alfalfa Market?
Product innovation is emerging as a dominant trend in the alfalfa marketplace. To maintain their market standing, businesses operating within the alfalfa industry are adopting novel technologies. For example, Alforex Seeds LLC, an agriculture-focused company in the US specializing in chemicals and seeds, unveiled AFX 647 Hi-Salt Alfalfa in April 2022. AFX 647 is an FD 6 semi-dormant variety, distinguished by its exceptional yield and forage quality traits. With improved germination and forage salinity tolerance, it excels in difficult soils and yields 4% more than the Cisco II in lucerne trials. The release of this product represents a powerful instrument for growers looking to augment germination and productivity in both dryland and watered lucerne regions. This breed also bolsters the salinity threshold beyond those of unimproved varieties, allowing for optimal seasonal feed production.

Which Segments in the Alfalfa Market Offer the Most Profit Potential?
The alfalfa market covered in this report is segmented -

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

Subsegments:
1) By Pellets: Compressed Pellets, Expander Pellets
2) By Hay: Loose Hay, Baled Hay
3) By Cubes: Compressed Cubes, Expander Cubes
4) By Other Product Type: Alfalfa Meal, Alfalfa Granules, Alfalfa Chaff

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=10405&type=smp

Which Firms Dominate the Alfalfa Market by Market Share and Revenue in 2025?
Major companies operating in the 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, Limagrain Holdings SAS, Monsanto Company, Syngenta AG, CHS Inc., Riverina Pty. Ltd., Standlee Hay Company, Dairyland Seed Co. Inc., Allied Seed LLC, Ampac Seed Company, Bayer AG, Corteva Inc., DLF Seeds A/S, KWS SAAT SE & Co. KGaA, Land O'Lakes Inc., NAFOSA, California Alfalfa Products Inc.

Which Regions Offer the Highest Growth Potential in the Alfalfa Market?
North America was the largest region in the alfalfa market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global alfalfa market during the forecast period. The regions covered in the alfalfa market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10405

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

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 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 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.