North America Alfalfa Hay Market Forecast to 2030 - Regional Analysis - by Type (Alfalfa Hay Bales, Alfalfa Hay Pellets, Alfalfa Hay Cubes, and Others) and Application (Ruminant Feed, Equine Feed, Poultry Feed, and Others)

BMIRE00030485 | Pages: 74 | Food and Beverages | Jul 2024 | Type: Regional | Status: Published

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; it is estimated to record a CAGR of 3.6% from 2022 to 2030.

Health Benefits Associated with Alfalfa Hay Fuel North America Alfalfa Hay Market

Alfalfa hay is widely recognized as a significant animal feed component owing to its nutrient profile. It is rich in vitamins, proteins, and minerals that are essential for livestock nutrition. For example, dairy cows fed with alfalfa hay typically produce milk with higher protein content, resulting in improved milk quality and yield. Similarly, beef cattle fed with alfalfa hay exhibit ideal weight gain, along with better overall health, due to its balanced nutrient profile. These health benefits translate to higher productivity and profitability for farmers, driving the popularity of alfalfa hay as a premium feed option. Moreover, as consumers increasingly seek products from animals raised with natural and sustainable practices, the demand for alfalfa hay as a wholesome and health-promoting feed ingredient continues to rise.

The high fiber content of alfalfa hay helps build optimal digestive health in livestock, reducing the incidence of digestive disorders such as bloating or acidosis. Horses fed with alfalfa hay experience better gut motility and reduced risk of colic (dehydration in the colon) due to its digestible fiber content. Additionally, the chewing action required to consume alfalfa hay stimulates saliva production, which buffers stomach acidity and helps prevent ulcers in horses and other livestock. These digestive health benefits make alfalfa hay a preferred choice among animal farmers seeking to optimize animal well-being and minimize veterinary expenses.

Further, the natural properties of alfalfa hay make it an attractive option for farmers looking to minimize reliance on synthetic livestock feed additives or medications. It contains bioactive compounds such as phytoestrogens and antioxidants, which have been shown to have positive effects on animal health by stimulating immune function. Some studies also indicate that the phytoestrogens in alfalfa may help improve reproductive performance in breeding animals, leading to increased conception rates and litter sizes. Additionally, the antioxidant properties of alfalfa hay can help reduce oxidative stress and inflammation in livestock, enhancing overall resilience and disease resistance.

In recent years, the use of alfalfa hay in pet foods and supplements has increased notably due to its nutrient-rich composition and potential health benefits for companion animals such as rabbits, guinea pigs, and pet birds. Additionally, alfalfa hay is used in the production of specialty products such as herbal teas and dietary supplements for human consumption, capitalizing on its health-promoting capabilities. With diverse applications across livestock, pet, and human nutrition segments, alfalfa hay demand is high worldwide. Thus, health benefits associated with alfalfa hay drive the alfalfa hay market growth.

North America Alfalfa Hay Market Overview

The demand for alfalfa hay is surging in the US due to the robust livestock industry, growing awareness of the nutritional benefits of alfalfa hay, and increasing adoption of sustainable agricultural practices. According to Horse Industry Statistics, there are 7.25 million horses in the US as of 2024. With the US being a significant player in the equine industry, there is a consistent need for high-quality feed to support the health and productivity of livestock. Also, US is the largest producer of alfalfa hay, in 2022 the alfalfa hay production accounted for 48 million tons. The country accounts for almost 48% in exports accounting for approximately 2 billion export value. Additionally, as consumers become more conscious about animal welfare and environmentally friendly farming practices, the demand for alfalfa hay produced using sustainable methods would continue to grow in the coming years.

North America Alfalfa Hay Market Revenue and Forecast to 2030 (US$ Million)

North America Alfalfa Hay Market Revenue and Forecast to 2030 (US$ Million)

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North America Alfalfa Hay Market Segmentation

The North America alfalfa hay market is segmented based on type, application, and country. 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 the largest market share in 2022.

By application, the North America alfalfa hay market is segmented into ruminant feed, equine feed, poultry feed, and others. The ruminant feed segment held the largest market share in 2022. 

Based on country, the North America alfalfa hay market is segmented into the US, Canada, and Mexico. The US dominated the North America alfalfa hay market share in 2022.

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 are some of the leading players operating in the North America alfalfa hay market.

TABLE OF CONTENTS

 

1. Introduction

1.1 The Insight Partners 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 Insight Partners

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

1. Green Prairie International Inc
2. SL Follen Co
3. Anderson Hay & Grain Co Inc
4. Standlee Premium Products LLC
5. M&C Hay LLC
6. The Gombos Co LLC
7. Al Dahra Holding LLC
8. Ward Rugh Inc

  • 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.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • 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.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • 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.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
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