The global alfalfa hay market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2023-2030). The ongoing collaborations and partnerships bykey market players are anticipated to drive the growth of the global alfalfa hay market. For instance, in September 2022, Andy by Anderson Hay, a company which sells USDA certified organic and natural Timothy hay, alfalfa, bedding, and other food for rabbits, guinea pigs and the online small pet market, and Heinold Feeds, a long-time maker of feed pellets for rabbits, have collaborated to develop a new custom alfalfa-based feed pellet formula for young house rabbits. This partnership was done to bring a new line of rabbit pellets to the market. With this, the company hopes to provide a healthy, nutritious feed to rabbits across the nation.
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Further, in November 2020, S&W Seed Company, a global agricultural company headquartered in Longmont, Colorado has agreed to commercial terms with Calyxt, Inc. headquartered in Roseville, MN for the exclusive license of an improved quality alfalfa seed in the US and other select geographies. S&W Seed Company worked in collaboration with Calyxt to identify a novel, proprietary trait for improved forage quality in commercial alfalfa production. The new trait, branded as IQ Alfalfa (IQA), gives farmers a new way to produce alfalfa forage with improved ruminant digestibility for livestock. S&W Seed Company will market IQA products under its Alfalfa Partners brand and will also offer IQA licenses to industry partners.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Product Type
o By Application
• Regions Covered-
• North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Al Dahra ACX Global Inc., Border Valley, Standlee Hay Company, Alfalfa Monegros, Anderson Hay and Grain Co Inc. among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Alfalfa Hay Market Report Segment
By Product Type
By Application
Global Alfalfa Hay Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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