1. © 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Alfalfa Hay Market Share and Forecast 2016-2024 Alfalfa Hay Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024

2. © 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Alfalfa Hay Market size is expected to grow at a moderate rate in the forecast spell due to its easy availability as animal fodder for dairy cows, cattle, sheep, horses and goats and properties such as disease resistance, high-yield, high feed value and less susceptibility to extreme weather conditions. Alfalfa hay market is segmented per applications into three main categories including meat/dairy animal feed, horse feed and poultry feed. Global demand for processed meat is projected to grow by more than 5% CAGR from 2016 to 2024. By product types alfalfa hay market is segmented into bales, pellets, and cubes. Bales are the most common product type with many specifications like two string bales, three string bales upto six string bales weighing up to half tons, square bales weighing 25 to 35 kg and round bales with a diameter of 1.4 to 1.8 meters weighing 500 to 100 kg Global demand for processed meat is projected to grow by more than 5% CAGR from 2016 to 2024. The increasing dairy and animal products demand will be a principal driving factor for the global alfalfa hay market growth. Lifestyle change from active to sedentary will increase the nutritious food demand among the consumers. Global Market Scenario of Alfalfa Hay Market

3. © 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Product Analysis:- Alfalfa hay market is segmented per applications into three main categories including meat/dairy animal feed, horse feed and poultry feed. Global demand for processed meat is projected to grow by more than 5% CAGR from 2016 to 2024. Dairy products demand is also increasing, mostly in the developing and least developed countries as a cost-effective protein source and this will contribute to the growth of alfalfa hay market significantly. By product types alfalfa hay market is segmented into bales, pellets, and cubes. Bales are the most common product type with many specifications like two string bales, three string bales upto six string bales weighing up to half tons, square bales weighing 25 to 35 kg and round bales with a diameter of 1.4 to 1.8 meters weighing 500 to 100 kg. Regional Trends:- North America has the most land under cultivation for alfalfa hay, followed by Europe, Latin America and Asia Pacific. In Europe, Spain alfalfa hay market exported more than 200 kilo tons in 2015 and has a significant share followed by France and Italy. Asia Pacific alfalfa hay market is lagging because of unfavorable government policies prioritizing food and cash crops, high grain prices and lack of large commercial farms. Major importers of the product in 2015 were Saudi Arabia followed by Japan.

4. © 2016 Global Market Insights. All Rights Reserved www.gminsigts.com Latest Research Report On Alfalfa Hay Market@ http://bit.ly/2oprlj6 Download Latest Report PDF @ http://bit.ly/2oR2TYH

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