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The United States alfalfa market size reached approximately USD 8.08 billion in 2023. The market is further projected to grow at a CAGR of 7.1% between 2024 and 2032, reaching a value of USD 15.06 billion by 2032.
Alfalfa is a perennial herbaceous legume that has high nutritional value and is a major source of protein for livestock. The green leafy alfalfa hay is considered to be very palatable to livestock and nutritious. It is also cultivated as green manure and aids in improving soil health. Alfalfa is rich in various bioactive plant compounds, vitamins, proteins, and minerals, among others.
On the basis of product type, the market is divided into pellets, hay, and cubes. Based on animal type, the market is categorised into cattle and horse, among others. On the basis of region, the market is segmented into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States alfalfa market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
As per the United States alfalfa market analysis, hay accounts for a significant share of the market. This is due to the high calcium and protein content of alfalfa hay. It is also an excellent source of different nutrients and energy. Due to the high nutrient and fibre content of alfalfa hay, it is fed to rabbits for maintaining healthy teeth and bones. The product also supports fermentative digestion which enhances the rumen health, increasing its consumption as a nutritional source for lactating animals.
Cattles is anticipated to account for a significant United States alfalfa market share. The expansion of the dairy sector in the country is bolstering the demand for nutrient rich food for cattle, including, alfalfa. Various varieties of alfalfa hay pass through the rumen of a beef cow in half the time as compared to grass hay. Therefore, cattle are fed alfalfa hay for increasing the production of milk, aiding animals in gaining weight, and enhancing their overall health. The product, in combination with other feeds, including clover, ensures the provision of optimal calories and nutrients for the healthy growth and development of calves, boosting the United States alfalfa market demand.
Anderson Hay & Grain Co. Inc. is a small family business that is one of the largest exporters of hay in the United States. The company was founded in 1960 and is headquartered in Washington, United States. The company also specialises in straw products and agricultural forage export.
Al Dahra ACX, Inc. is one of the leading suppliers of roughage, forage, and feed, among others. They operate several state-of-the-art hay storage and processing facilities that are strategically located in different locations across the globe.
Border Valley Trading is involved with the export of compressed hay products and forage. The company also provides alfalfa, Bermuda grass, rye hay, oats, klein, and sudan, among others. The company was founded in 1989 and is headquartered in California, United States.
Other United States alfalfa market players include Bailey Farms International, Cubeit Hay Company, Andritz AG, Standlee Premium Products, LLC, S&W Seed Company (Alfalfa Partners), Green Prairie International, Inc., Haykingdom Inc., and SL Follen Company, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Animal Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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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The market reached a value of approximately USD 8.08 billion in 2023.
The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 15.06 billion by 2032.
The major market drivers include increasing consumption of meat and dairy products and rising demand for nutrient rich food for cattle.
The key trends fuelling the growth of the market include growing awareness about animal health and nutrition and rising preference and demand for alfalfa pellets.
The major regions in the market are the market is segmented into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The significant product types include pellets, hay, and cubes.
The key players in the market are Anderson Hay & Grain Co. Inc., Al Dahra ACX, Inc., Border Valley Trading, Bailey Farms International, Cubeit Hay Company, Andritz AG, Standlee Premium Products, LLC, S&W Seed Company (Alfalfa Partners), Green Prairie International, Inc., Haykingdom Inc., and SL Follen Company, among 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
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