Alfalfa Seed Market 2019-2024 Development History, Current Assessment, Business Strategy, Upcoming Trends of Industry

Alfalfa Seed

The primary goal of this Global Alfalfa Seed Market report is to maintain the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Alfalfa Seed market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Alfalfa Seed market is provided in detail in the report.

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Key Market Trends:

Growing Industrial Livestock Production and Rising Demand for Meat and Dairy Products

Owing to increasing awareness regarding protein and healthy food and inclination of consumers toward the inclusion of healthy food in their diets, the demand for dairy products and healthy meat is increasing, which is resulting in the demand for forage crops. Livestock production accounts for one-third of the global cropland, and is also competing for water, land, energy, and labor, which is challenging. Alfalfa seeds can be one of the solutions in order to overcome the aforementioned challenges and for better production of livestock. Alfalfa has more protein levels, minerals, and vitamins, as well as it has a low starch, as compared to unsprouted seeds. It gives an additional nutritional level to livestock, which helps in increasing the production and meeting the demand for milk, meat, eggs and other dairy products. Therefore, this boosts the demand for alfalfa seeds across the world.

North America Dominates the Global Market

The United States is the leading country in the global alfalfa seed market, followed by Canada. Saudi Arabia, Mexico, Canada, Argentina, China, Peru, Algeria, and Sudan are the top importers of alfalfa seeds from the United States. California, Idaho, Washington, Nevada, Montana, and Wyoming are the major alfalfa-producing states in the United States. More than 85% of the production of alfalfa seeds occurs in these northwestern states of the United States and relatively lesser are grown in the southwestern states. Canadian alfalfa imports are significant, with large quantities destined for Ontario and Quebec.

Alfalfa Seed Market Covers Key Players:

  • Alforex Seeds LLC
  • DLF International Seeds
  • La Crosse Seed
  • S&W Seed Company
  • Monsanto Company
  • Dyna
  • Gro Seed
  • Forage Genetics International
  • Allied Seed LLC
  • DowDuPont
  • LG Seeds

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    Geographical Landscape:

    This Report Focuses on the Alfalfa Seed in the Global market, especially in North America, China, Europe, Japan, Southeast Asia, India. This report categorizes the market based on manufacturers, regions, type, and application

    Market Overview:

  • The global alfalfa seed market was valued at USD 750.1 million in 2018, and it is expected to register a CAGR of 6.5% during the forecast period (2019-2024). In 2018, North America was the largest geographical segment of the market studied, and accounted for a share of around 37.6% of the global market.
  • Using hybrid alfalfa seeds, high quality of fodder for animals can be produced, hence providing a better yield in less land, as compared to the non-hybrid seeds production within the same land. The growth in livestock production is likely to create a demand for better forage crops, as there is a high demand for better-quality meat. Farmers are preferring hybrid seeds in order to increase crop production. Generally, the land allocated for forage crops is less, as compared to other crops, and hence the use of hybrid seeds is increasing rapidly in order to overcome challenges, like diminishing cropland and less yield. As the resources and land available for animal food production are less, the best way is to grow fodder using hybrid seeds.

    Report Highlights:

    – The report provides a detailed analysis on current and future market trends to identify the investment opportunities

    – Market forecasts till 2024, using estimated market values as the base numbers

    – Key market trends across the business segments, Regions and Countries

    – Key developments and strategies observed in the market

    – Market Dynamics such as Drivers, Restraints, Opportunities and other trends

    – In-depth company profiles of key players and upcoming prominent players

    – Growth prospects among the emerging nations through 2024

    – Alfalfa Seed Market opportunities and recommendations for new investments

    Price Of Report: $ 4250 (SUL)

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    Detailed TOC of Alfalfa Seed Market Research Report 2019 – 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Drivers
    4.1.1 Growing Industrial Livestock Production and Rising Demand for Meat and Dairy Products
    4.1.2 Increasing Adoption of Hybrid Seeds
    4.1.3 Decrease in Area for Grazing
    4.2 Market Restraints
    4.2.1 Requirement of Large Quantity of Water for Irrigation
    4.2.2 Lower Yield than Other Forage Crops
    4.2.3 Lower Awareness in Developing Regions
    4.3 Porter’s Five Forces Analysis
    4.3.1 Threat of New Entrants
    4.3.2 Bargaining Power of Buyers/Consumers
    4.3.3 Bargaining Power of Suppliers
    4.3.4 Threat of Substitute Products
    4.3.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Geography
    5.1.1 North America
    5.1.1.1 United States
    5.1.1.2 Canada
    5.1.1.3 Mexico
    5.1.1.4 Rest of North America
    5.1.2 Europe
    5.1.2.1 Germany
    5.1.2.2 United Kingdom
    5.1.2.3 France
    5.1.2.4 Spain
    5.1.2.5 Italy
    5.1.2.6 Rest of Europe
    5.1.3 Asia-Pacific
    5.1.3.1 China
    5.1.3.2 Japan
    5.1.3.3 India
    5.1.3.4 Australia
    5.1.3.5 Rest of Asia-Pacific
    5.1.4 South America
    5.1.4.1 Brazil
    5.1.4.2 Argentina
    5.1.4.3 Rest of South America
    5.1.5 Africa
    5.1.5.1 South Africa
    5.1.5.2 Egypt
    5.1.5.3 Rest of Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Most Adopted Strategies
    6.2 Market Share Analysis
    6.3 Company Profiles
    6.3.1 Alforex Seeds LLC
    6.3.2 DLF International Seeds
    6.3.3 La Crosse Seed
    6.3.4 S&W Seed Company
    6.3.5 Monsanto Company
    6.3.6 Dyna-Gro Seed
    6.3.7 Forage Genetics International
    6.3.8 Allied Seed LLC
    6.3.9 DowDuPont
    6.3.10 LG Seeds

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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