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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Alfalfa Pellets Market Trends
According to the OECD-FAO Agricultural Outlook, the global meat supply is projected to reach 374 Mt by 2030. Further, the Food and Agriculture Organisation (FAO) predicts that global cattle production to increase to 2.6 billion by 2050. The growing demand for meat is raising the need to ensure animal health and productivity, thereby accelerating the alfalfa pellets market development. High-quality alfalfa pellets are a natural protein supplement for animals. Further, as poultry meat is more cost-effective than other meats, it is preferred in developing nations. In higher-income countries, white meats are gaining popularity since they are easier to cook and healthier than red meats.
Alfalfa Pellets Market Report Snapshots
Alfalfa Pellets Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the alfalfa pellets market reached an approximate value of USD 446.08 million.
The market is expected to grow at a CAGR of 4.9% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 681.52 million by 2032.
Alfalfa pellets refer to fodder that are made from ground alfalfa hay and are typically used in animal feeds. They contain extensive amounts of proteins, minerals, and vitamins, and are an excellent source of nitrogen. It Is also high in fibre and is considered an ideal feed choice for various livestock and poultry animals.
The major drivers of the alfalfa pellets market include the increasing use of alfalfa pellets as animal feed, the rich nutritional profile of alfalfa pellets, and the robust growth of the livestock population.
Key trends aiding market expansion include the growing use of alfalfa pellets in poultry feed, the rising cultivation of alfalfa hay, the demand for organic feed, and the rising consumption of animal protein.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on type, the market can be divided into alfalfa hay and timothy hay.
The significant applications in the market are meat/dairy animal feed, horse feed, poultry feed, and pig feed.
Key players in the market are Al Dahra Group, Navarra Aragonesa De Forrajes, S.A.U. (Nafosa), Gruppo Carli, Harlan Feed, Manzanola Feeds, LLC, Daurio Brothers Alfalfa Company, Sacate Pellet Mills, Inc., AJD Agro Ltd., and others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124