Increased livestock population such as dairy cow feed, beef cattle and sheep feed, rising production of high quality of animal feed and increased research and development are some of the reasons due to which the Dehydrated Alfalfa market is gaining popularity
Impact of Covid-19 on the Market
Due to the introduction of Covid-19, the Dehydrated Alfalfa market has witnessed a mixed response in terms of growth. This is due to travel restrictions, airline bans, and quarantines, which resulted in the temporary suspension of all offline operations and offices. There was fear all around and people were worried that virus could get them, the market was stuck because the supply chains got disrupted and as the virus got spread unhygienic conditions developed, the foods like dehydrated alfalfa were needed to increase the nutritional value.
This Dehydrated Alfalfa Market analysis looks at the current market, potential opportunities, regulatory concerns, and challenges in major market segments. The study also offers a thorough examination of the competitive landscape.
Dehydrated Alfalfa Bales to Remain Atop
Dehydrated Alfalfa Bales is expected to remain at the top of market and hold majority of the market share. It held around 75% market share in the “type” segment of Dehydrated Alfalfa.
Dairy Cow Feed to Remain atop
The Camel Feed dominated the market in 2021. This is because the Dehydrated Alfalfa enzyme helps in improving the nutritional value of the diet and the most populated segment of the livestock is Dairy cow only.
Europe to Render Ample Investment Avenues
Europe is the leading contributor to the worldwide dehydrated alfalfa market's expansion. The key factors such as a huge number of companies present working in the field of research and development of Dehydrated Alfalfa. Additionally, rising need for high-quality food for the livestock because of the large population of animals present there is another reason why Europe comes out at top.
The Asia Pacific area, on the other hand, is predicted to see strong demand because to its large population and expanding need for Dehydrated Alfalfas.
The growing awareness among farmers about the benefits associated with dry alfalfa has resulted in the growth of this market. Additionally, rising awareness about healthy food for animals so that they can be saved from various animal diseases
Dehydrated Alfalfa is mainly used as animal feed and as a meal product which is made by rapid drying of alfalfa by artificial means. Rising awareness about healthy foods for livestock, growth in animal industry and growing demand for such foods are some other reasons which are driving the market growth.
Dehydrated Alfalfas are pretty useful as they help in increasing the overall health of livestock as it is a rich source of calcium and has lower indigestible fibres than grass hays. There is a constant rise in the number of animal diseases because of increasing occupational hazards in today’s world along with rapid industrialization and unhealthy foods. With the beneficial properties, the Dehydrated Alfalfa is expected to improve the health of livestock. These reasons combine to affect the global Dehydrated Alfalfa market, which is expected to reach 1.4 billion dollars by 2029.
However, high cost of production of Dehydrated Alfalfa is expected to hinder the market growth. Additionally, stringent government regulations are another factor that is hampering the market growth. Lack of understanding is the primary reason why enterprises in underdeveloped countries continue to use old ways of process execution. Nevertheless, Dehydrated Alfalfa Market has the growth prospects, as companies and people are becoming more and more aware about the benefits these Dehydrated Alfalfas have to offer.
The major players of this market are Nafosa, Agroquivir, Luzeal, Alfeed, Anso Alfalfas, So.Pr.E.D., AJD Agro, Grupo Enhol, Gruppo Carli, INAMOSA, AGROINTERURB, Summit Forage Products, Forte, LaBudde Group, ARCO Dehydrating. Product launches, R&D, and acquisitions activities are key strategies adopted by players in the Dehydrated Alfalfa market. Companies' R&D teams must use technology to improve the efficacy of their equipment in order to provide the greatest degree of safety.
Dehydrated Alfalfa Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 1.4 billion.|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||Nafosa, Agroquivir, Luzeal, Alfeed, Anso Alfalfas, So.Pr.E.D., AJD Agro, Grupo Enhol, Gruppo Carli, INAMOSA, AGROINTERURB, Summit Forage Products, Forte, LaBudde Group, ARCO Dehydrating & among others.|
Key Segments of the Dehydrated Alfalfa Market
Type Overview, 2022-2029 (USD Billion)
- Dehydrated Alfalfa Pellets
- Dehydrated Alfalfa Bales
Application Overview, 2022-2029 (USD Billion)
- Beef Cattle and Sheep Feed
- Horse Feed
- Dairy Cow Feed
- Camel Feed
Regional Overview, 2022-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa