Global Lucerne Market Growth 2023-2029

Global Lucerne Market Growth 2023-2029

Lucerne, also called Alfalfa, is an adaptive perennial flowering plant of the pea family which is native to warmer temperate climates and has productive stand life if about 5 to 7 years.

LPI (LP Information)' newest research report, the “Lucerne Industry Forecast” looks at past sales and reviews total world Lucerne sales in 2022, providing a comprehensive analysis by region and market sector of projected Lucerne sales for 2023 through 2029. With Lucerne sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lucerne industry.

This Insight Report provides a comprehensive analysis of the global Lucerne landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lucerne portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lucerne market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lucerne and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lucerne.

The global Lucerne market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Lucerne is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Lucerne is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Lucerne is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Lucerne players cover Haykingdom, Glenvar Hay, Anderson Hay & Grain, Alfalfa Monegros, S&W Seed, Cubeit Hay, M&C Hay, Standlee Hay and Border Valley, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Lucerne market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Hay
Chaff
Silage
Others

Segmentation by application
Food Industry
Aquaculture Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Haykingdom
Glenvar Hay
Anderson Hay & Grain
Alfalfa Monegros
S&W Seed
Cubeit Hay
M&C Hay
Standlee Hay
Border Valley
Gruppo Carli
ACX Global
Bailey Farms
Aldahra Fagavi
Grupo Osés
Huishan Diary

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lucerne market?

What factors are driving Lucerne market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lucerne market opportunities vary by end market size?

How does Lucerne break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.