Global Alfalfa Pellets Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Alfalfa Pellets Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The alfalfa pellets are a feed obtained by drying the alfalfa grass through the granulation process and has higher protein. This form is convenient for storage and transportation. Usually feed cattle, sheep and other ruminants. Alfalfa pellets have higher protein, which can reduce the amount of refined feed to a certain extent.

Market Overview:

The latest research study on the global Alfalfa Pellets market finds that the global Alfalfa Pellets market reached a value of USD 5072.21 million in 2022. It’s expected that the market will achieve USD 5303.34 million by 2028, exhibiting a CAGR of 0.75% during the forecast period.

Market Risk

The United States is one of the major alfalfa producers in the world. Alfalfa is regarded as an agricultural product of the same importance as food crops in the United States, and its acreage is second only to corn, wheat and soybeans. With the continuous enrichment of alfalfa deep-processing products, the alfalfa industry in the United States has supported a well-developed animal husbandry industry. The United States has also become one of the major suppliers of alfalfa products on the international market and has an important impact on the alfalfa market throughout the world. At present, the U.S. alfalfa industry has a high level of industrial scale, a perfect mechanical subsidy system, an improved alfalfa seed system, and is in line with the international market, all of which ensure the supply of alfalfa pellets and support the healthy development of the alfalfa pellets industry. However, Covid-19 is in the United States. The outbreak will affect the normal production and processing of alfalfa pellets. As of the afternoon of April 4, Eastern Time, the United States has more than 300,000 cases of new pneumonia diagnosed.
Influenced by global economic development and increased downstream demand, alfalfa pellets, as an important protein source for livestock products, can improve the quality of raw milk, reduce the input of veterinary drugs, and reduce the amount of refined feed. Therefore, alfalfa pellets have a strong market demand and has a good development prospects also lead to intensified competition in the industry and the formation of fierce market competition.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Anderson Hay, Grupo Oses, Gruppo Carli with the revenue market share of 0.65%, 0.51%, 0.40% in 2019.

Anderson Hay operates as an exporter of hay and straw products. The Company offers alfalfa and timothy hay, rye and fescue grass straw, and other related products. Anderson Hay operates in the United States.

Grupo Oses is the largest feed industry enterprise in Europe. The main products include: alfalfa, wheat straw, fescue, mixed alfalfa, ryegrass, cottonseed, oat hay, dehydrated corn straw, etc.

Segmentation Overview:

Among different product types, Ordinary Alfalfa Pellets segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Dairy Cow Feed segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Alfalfa Pellets market covered in Chapter 3:

Forcam
Gruppo Carli
Daurio Brothers
Elenbaas
WAMCO
APF GROUP
Anderson Hay
Alfalfa Supply (ASI)
Grupo Oses
Sacate Pellet Mills
Standlee Hay Company
Barnes Hay
Legal Alfalfa Products
Al Dahra Europe
Barr-Ag Ltd.

In Chapter 4 and Chapter 14.2, on the basis of types, the Alfalfa Pellets market from 2018 to 2029 is primarily split into:

Ordinary Alfalfa Pellets
Organic Alfalfa Pellets

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Alfalfa Pellets market from 2018 to 2029 covers:

Dairy Cow Feed
Beef Cattle & Sheep Feed
Horse Feed
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)