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Exclusive Report on Alfalfa Seed Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

Alfalfa

The “Alfalfa Seed Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Alfalfa Seed industry. The information available in the Alfalfa Seed market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Alfalfa Seed market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Alfalfa Seed Market:

  • 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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    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.

    Scope of the Report:

  • Owing to its high versatility, alfalfa has been used as hay, silage, grazing, green-chop, or rotation crop. The forage seed industry, including that for alfalfa seeds for sowing, is flourishing in developed regions, where the availability of quality forage seeds is high and farmers are willing to pay for the high prices of seeds. The growing demand for forage crops can only be supported with better-quality forage seeds. However, in developing regions, the production for forage crops is negligible.

    Reasons for Buying Alfalfa Seed Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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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 Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Alfalfa Seed Market 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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