dehydrated alfalfa market will project a compound annual growth rate (CAGR) of 2.00% during the forecast period of 2021-2028.
The market for dehydrated alfalfa is expected to grow as a result of a number of factors, including rising demand to control various crop-related diseases, rising demand for new and mechanised farming or agricultural techniques, particularly in developing countries, surging demand for high-quality animal feed, rising integration of cutting-edge technology with agricultural equipment, and rising industry competitiveness. Accordingly, the market for dehydrated alfalfa, which was worth USD 1.1 billion in 2020, would increase to USD 1.28 billion by 2028.
Alfalfa that has been artificially dried quickly for use as animal feed and as a meal product is known as dehydrated alfalfa. Alfalfa that has been dehydrated prevents animals and livestock from having enough protein. Additionally, it supports the development of healthy levels of xanthophylls, a pigment, and other vitamin components. Alfalfa is a great source of calcium and contains less indigestible fibre than grass hays.
Rising production of high-quality animal feed and increased emphasis on the research and development capabilities by the major manufacturers will emerge as the key factors fostering the growth of the market. Growing livestock populations, such as dairy cow feed, beef cattle and sheep feed, horse feed, and camel feed, will also contribute to this growth. Another significant element driving the market’s expansion is farmers’ increasing awareness of the advantages of dehydrated alfalfa in conjunction with the continuously expanding need for organic manure and agrochemicals. Rising awareness of organic agricultural practises, the prevalence of numerous animal diseases, and the necessity for comprehensive food safety standards will all contribute to the market’s expansion into lucrative and rewarding new markets.
However, a significant aspect that will offer a significant hurdle to the market’s growth is the high manufacturing cost associated with dehydrated alfalfa. Additionally, the market growth rate will be slowed down by the government’s strict regulations, the availability of inexpensive or low-cost synthetic feedstock on the market, and the volatility of raw material prices.
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This report on the global dehydrated alfalfa market details recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geog a benefit . Contact for an Analyst Brief if you’re interested in learning more about the dehydrated alfalfa market. Our staff will assist you in making an informed choice to build your market.
Global Dehydrated Alfalfa Market: Major Players
Summit Forage Products
Global Dehydrated Alfalfa Market: By Types
Dehydrated Alfalfa Bales
Dehydrated Alfalfa Pellets
Global Dehydrated Alfalfa Market: By Applications
Dairy Cow Feed
Beef Cattle and Sheep Feed
Dimensions of this Market
The type of product and end use are used to segment the worldwide . The variation in your target markets and the growth among segments help you identify your primary application areas as well as niche growth pockets and marketing methods.
Dehydrated alfalfa pellets and bales are two different product categories that make up this market.
The market is also divided based on the final product. The function is divided into sections for feeding dairy cows, beef cattle, sheep, horses, and camels.
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