South Africa Alfalfa Hay Market - Growth, Trends, and Forecasts (2023 - 2028)
The South African alfalfa hay market is estimated to register a CAGR of 5.6% over the forecast period.
Key HighlightsThe South African alfalfa hay market is extremely fragmented, with some key players including AL Dahra ACX Inc., Alphaalfa (Pty) Ltd, General Overseas Traders Pty Ltd., Agritrade Global(Pty) Ltd, and Grains For Africa (Pty) Ltd. Increased livestock farming has fueled the demand for alfalfa hay suitable for different types of animals. This has prompted companies to invest in developing new products to capture larger market shares. Additionally, companies are broadening their product portfolio to meet the demand for alfalfa hay for different species of animals. Furthermore, as the global demand for quality lucerne is rising, the major players in the country are at present investing in technology to ensure quality and cost-effectiveness.
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