The global alfalfa seed market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period (2024-2031). The global alfalfa seeds market is witnessing significant growth attributable to theheightened awareness of the nutritional advantages associated with alfalfa as a high-protein forage crop for livestock. Furthermore, the expanding livestock industry, particularly in regions such as Asia-Pacific and Latin America, is serving as a major push for market expansion. Additionally, advancements in agricultural techniques and technologies are expanding both the yield and quality of alfalfa seeds, thereby attracting increased interest from farmers. Moreover, the escalating adoption of alfalfa in sustainable farming practices, including crop rotation and soil enrichment, is further bolstering its demand worldwide. Collectively, these factors underscore the pronounced upward trajectory of the global alfalfa seeds market.
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In July 2022, Alforex Seedsannounced the AFX 670 Hi-Gest Alfalfa, a fall dormancy 6 variety boasting improved fibre digestibility and salinity tolerance. This conventionally bred alfalfa offers a high leaf-to-stem ratio and multifoliate leaf expression. With proven performance since 2015, it enhances forage intake and digestion, benefiting both livestock and dairy production. Its management flexibility allows growers to optimize yield and quality for improved returns per acre. Such developments are further aiding to the global market growth.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o ByApplication
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includesCorteva Agriscience, DLF International Seeds, and S&W Seed Co.among others.
Key questions addressed by the report
Global Alfalfa Seeds Market Report Segment
By Application
Global Alfalfa Seeds 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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