North America Alfalfa Hay Market Forecast to 2030

At 3.6% CAGR, North America Alfalfa Hay Market is Speculated to be Worth US$ 17,714.93 Million by 2030, says the Research Team

According to the Research Team’ research, the North America alfalfa hay market was valued at US$ 13,344.88 million in 2022 and is expected to reach US$ 17,714.93 million by 2030, registering a CAGR of 3.6% from 2022 to 2030. Preference for organic alfalfa hay and rising demand of alfalfa hay as equine feed are among the critical factors attributed to the North America alfalfa hay market expansion.

Organic alfalfa hay is produced without synthetic fertilizers, pesticides, or genetically modified organisms (GMOs), adhering to strict standards and regulations. Thus, dairy farms, the poultry sector, and animal husbandry have shifted their focus to purchasing high-quality organic feed, such as organic alfalfa hay. In addition, organic alfalfa hay opens up export opportunities for producers looking to access international markets with stringent organic certification requirements. Countries such as Japan, Europe, and the US have established organic certification programs and import regulations for organic agricultural products. By obtaining organic certification for their alfalfa hay, farmers can access these lucrative export markets and capitalize on the growing global demand for organic feed options.

Further, Conventional feed often contains high quantities of chemicals that hamper meat quality. Long-term consumption of such meat products may result in various health disorders in consumers. Thus, consumers often find organic and natural products as healthier alternatives. As a result of the inclination toward organic products, manufacturers invest heavily in products produced with organic counterparts. The easy access to vast information through the internet has made consumers increasingly aware of their health needs. With growing consciousness about health, people nowadays prefer consuming organic food as it does not contain synthetic pesticides, fertilizers, etc. Organic milk and meat have richer nutrient profiles than conventionally sourced meat and milk, including elevated levels of enzymes, bioflavonoids, and antioxidants. Hence, people prefer organic food and organic meat over inorganic. This has led to the demand for organic feed to supply organic meat to consumers. Thus, the rising preference for organic alfalfa hay is expected to bring new alfalfa hay market trends in the coming years.

On the contrary, fluctuations in prices and overconsumption of resources in cultivation hampers the growth of North America alfalfa hay market.

Based on type, the North America alfalfa hay market is categorized into alfalfa hay bales, alfalfa hay pellets, alfalfa hay cubes, and others. The alfalfa hay bales segment held 54.3% market share in 2022, amassing US$ 7,246.39 million. It is projected to garner US$ 9,367.41 million by 2030 to register 3.3% CAGR during 2022-2030.

In terms of application, the North America alfalfa hay market is segmented into ruminant feed, equine feed, poultry feed, and others. The ruminant feed segment held 67.3% share of North America alfalfa hay market in 2022, amassing US$ 8,984.80 million. It is projected to garner US$ 11,707.83 million by 2030 to expand at 3.4% CAGR during 2022-2030.

Based on country, the North America alfalfa hay market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 85.8% share of North America alfalfa hay market in 2022. It was assessed at US$ 11,444.57 million in 2022 and is likely to hit US$ 14,960.26 million by 2030, exhibiting a CAGR of 3.4% during 2022-2030.

Key players operating in the North America alfalfa hay market are Green Prairie International Inc, SL Follen Co, Anderson Hay & Grain Co Inc, Standlee Premium Products LLC, M&C Hay LLC, The Gombos Co LLC, Al Dahra Holding LLC, and Ward Rugh Inc, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America alfalfa hay market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America alfalfa hay market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America alfalfa hay market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Alfalfa Hay Market Landscape
4.1 Market Overview
4.2 Porter’s Analysis Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers
4.3.4 End Users
5. North America Alfalfa Hay Market – Key Market Dynamics
5.1 Alfalfa Hay Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Health Benefits Associated with Alfalfa Hay
5.2.2 Increasing Scales of Livestock Production
5.3 Market Restraints
5.3.1 Fluctuations in Prices and Overconsumption of Resources in Cultivation
5.4 Market Opportunities
5.4.1 Rising Demand of Alfalfa Hay as Equine Feed
5.5 Future Trends
5.5.1 Preference for Organic Alfalfa Hay
5.6 Impact of Drivers and Restraints:
6. Alfalfa Hay Market – North America Market Analysis
6.1 North America Alfalfa Hay Market Overview
6.2 Alfalfa Hay Market Revenue (US$ Million), 2020-2030
6.3 Alfalfa Hay Market Forecast Analysis
7. North America Alfalfa Hay Market Analysis – by Type
7.1 Alfalfa Hay Bales
7.1.1 Overview
7.1.2 Alfalfa Hay Bales: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Alfalfa Hay Pellets
7.2.1 Overview
7.2.2 Alfalfa Hay Pellets: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Alfalfa Hay Cubes
7.3.1 Overview
7.3.2 Alfalfa Hay Cubes: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Alfalfa Hay Market Analysis – by Application
8.1 Ruminant Feed
8.1.1 Overview
8.1.2 Ruminant Feed: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Equine Feed
8.2.1 Overview
8.2.2 Equine Feed: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Poultry Feed
8.3.1 Overview
8.3.2 Poultry Feed: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Alfalfa Hay Market – Country Analysis
9.1 North America
9.1.1 North America: Alfalfa Hay Market – Revenue and Forecast Analysis – by Country
9.1.1.1 North America: Alfalfa Hay Market – Revenue and Forecast Analysis – by Country
9.1.1.2 US: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 US: Alfalfa Hay Market Breakdown, by Type
9.1.1.2.2 US: Alfalfa Hay Market Breakdown, by Application
9.1.1.3 Canada: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 Canada: Alfalfa Hay Market Breakdown, by Type
9.1.1.3.2 Canada: Alfalfa Hay Market Breakdown, by Application
9.1.1.4 Mexico: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Mexico: Alfalfa Hay Market Breakdown, by Type
9.1.1.4.2 Mexico: Alfalfa Hay Market Breakdown, by Application
10. Competitive Landscape
10.1 Heat Map Analysis
10.2 Company Positioning & Concentration
11. Company Profiles
11.1 Green Prairie International Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 SL Follen Co
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Anderson Hay & Grain Co Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Standlee Premium Products LLC
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 M&C Hay LLC
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 The Gombos Co LLC
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Al Dahra Holding LLC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Ward Rugh Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The the Reporting Teams

LIST OF TABLES

Table 1. Alfalfa Hay Market Segmentation
Table 2. Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Table 3. Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 4. Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 5. North America: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 6. US: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 7. US: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 8. Canada: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 9. Canada: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 10. Mexico: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 11. Mexico: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 12. Heat Map Analysis

LIST OF FIGURES

Figure 1. Alfalfa Hay Market Segmentation, by Country
Figure 2. Porter’s Analysis
Figure 3. Ecosystem: Alfalfa Hay Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Alfalfa Hay Market Revenue (US$ Million), 2020-2030
Figure 6. Alfalfa Hay Market Share (%) – by Type (2022 and 2030)
Figure 7. Alfalfa Hay Bales: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Alfalfa Hay Pellets: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Alfalfa Hay Cubes: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Others: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Alfalfa Hay Market Share (%) – by Application (2022 and 2030)
Figure 12. Ruminant Feed: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Equine Feed: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Poultry Feed: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Others: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. North America: Alfalfa Hay Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 17. North America: Alfalfa Hay Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 18. US: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Canada: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Mexico: Alfalfa Hay Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Company Positioning & Concentration