Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Alfalfa Pellets Market Analysis by Region
Europe is a prominent region due to a significant livestock population
The European region is anticipated to hold a dominant position in the alfalfa pellets market. In 2022, Europe was home to around 134 million pigs, and 70 million sheep and goats. Some prominent producers of alfalfa pellets in Europe are Désialis, Groupe Grasasa, Nafosa, Premium Pellets Spain, and Forcam. The demand for pellets is also driven by the rising demand for meat and dairy. For instance, the average meat consumption among Italians is 55 kg/per capita/year with pig, poultry, and cattle meat contributing to 46%, 27%, and 25%, respectively.
According to the alfalfa pellets market report, the North American regional market is driven by consumer dietary preferences and demand for animal protein. The United States has the most horse ownership among the world's population. In both 2020 and 2021, the country had a horse population of around 10.6 million animals, which was 18% of the global population of animals. Further, the country is home to around 700,000 ranches which are some of the largest consumers of alfalfa pellets in the country.
The Asia Pacific alfalfa pellets market is driven by rapid economic development and urbanisation which drives the demand for meat products. In 2022, the revenue from the meat sector accounted for USD 23.1 billion in South Korea. Further, India is the global leader in milk production with a share of around 22%.
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.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
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.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Strategic Solutions for Informed Decision-Making
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
- Our Insights Store:
-
Industry Statistics
-
Procurement Insights
-
Consumer Insights
Our Offices
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
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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