Italy Alfalfa Hay Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)
The Italian alfalfa hay market is projected to register a CAGR of 2.3% during the forecast period.
Key HighlightsThe global alfalfa hay market is extremely fragmented, with key players like Gruppo Carli, Bagioni Group, Alfalfa Monegros SL, Anderson Hay & Grain Inc., and Al Dahra ACX Global Inc. There were only a few strategies that were observed in the market, made by the players globally during the study period. Companies not only compete on new product launches but also focus on strategic moves, such as mergers and acquisitions, and partnerships, to gain larger market shares in the country. Along with mergers and acquisitions, partnerships also added the advantage of building up the company’s revenue in the segment and obtaining good market shares. The companies strive to strengthen their base by offering enhanced product features, competitive pricing, better quality, increased scale of operations, and technological innovation. The increased livestock farming has fueled the demand for alfalfa hay suitable for different types of animals.
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