The Italian alfalfa hay market is expected to register a CAGR of 2.3% over the forecast period. Alfalfa plays a significant role as a type of livestock forage for the animal feed, due to its high protein and digestible fiber content. The crop is mainly used for feeding dairy cows, cattle, horses, sheep, and goats. Italy is one of the key countries producing alfalfa. The increasing demand for dairy and meat products and the need for enhancement of the quality of feed are expected to drive the market’s growth.
Key Market Trends
Increasing Demand for Quality Feed
Livestock is a major factor responsible for the growth of the alfalfa hay market. Annual growth of meat production and milk production in developing countries is increasing. Alfalfa, which is a good source of nutrition, is the main feed for cattle and poultry. Owing to the benefits of alfalfa, including high nutrient content, a rich source of protein and energy, which helps improve lactation, reproduction, maintenance, and growth of the livestock, the global alfalfa market is expected to witness significant growth in the near future.
Increasing Demand for Dairy And Meat Products.
The population of cattle has been growing, while registering a robust growth rate. The rising demand for dairy products and high-quality animal feed is the major factor driving the market growth of alfalfa hay across the region. The crop is mainly used for feeding dairy cows, cattle, horses, sheep, and goats. The dairy sector is essentially boosting the demand for alfalfa hay in China. This demand from other countries is creating export opportunities, which is augmenting the production volumes of alfalfa hay.
The alfalfa hay market is fragmented. The Italian alfalfa hay supply is concentrated in and consumption is concentrated in China, Japan, the United Arab Emirates, and Saudi Arabia. Some of the key players in the alfalfa hay market are Gruppo Carli, Bagioni Group, Alfalfa Monegros SL, Anderson Hay & Grain Inc., and Al Dahra ACX Global Inc.
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