Alfalfa Hay Market Forecasts From 2020 To 2025
DESCRIPTION Alfalfa hay market is expected to grow at a compound annual growth rate of 5.89% over the forecast period to reach a market size of US$20.551 billion in 2025 from US$14.576 billion in 2019. Presently the global agriculture industry is tasked with ensuring food security more than ever, World population is expected to grow by 2.3 billion people, between 2009 and 2050. The population growth is expected to be driven by developments in the developing nations with the fastest rate of g0rowth estimated for sub-Saharan Africa at +114%, followed by the slowest i.e. East and South East Asia at +13 %. Further, urban areas are estimated to account for 70% of the world population in 2050 from 49% at present. Also, the per capita of income in 2050 is projected to be a multiple of today’s levels.
Some Key Questions Answered By The Report
What will be Alfalfa Hay Market from 2020 to 2025? How are the major drivers and restraints affecting the Alfalfa Hay Market. Growth and the opportunities which exist for key vendors? Which segment and region will drive or lead the market growth and why?
Rising Demand Which Impact On Market Growth As noted by the Food and Agriculture Organization of the United Nations (FAO) feeding a world population of 9.1 billion people in 2050 would require raising overall food production by some 70 % between 2005/07 and 2050. Encompassed with the projection is the estimated growth of demand for meat and dairy products, fish, and aquaculture products contributing to the growth of livestock farming which already constitutes 30% of agricultural GDP in the developing world. The anticipated increase in purchasing power in developing nations is expected to result in a change in dietary preferences, which would be increasingly oriented towards animal source foods and away from staple foods of vegetal origin.
Geography
North America
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United States
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Canada
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Mexico
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Others
South America
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Brazil
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Argentina
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Others
GEOGRAPHY Europe Germany France Italy United Kingdom Others
Middle East and Africa Israel Saudi Arabia UAE Others
Asia Pacific Japan China India Others
SEGMENT ANALYSIS
We have included all segments of this market in market research report.
The Alfalfa Hay market has been segmented on the basis of product type, cultivation type, application type, distribution channel and geography.
For complete segment information visit us
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CONCLUSION
ď‚Ą Major players in the Alfalfa Hay market have been covered along with their
relative competitive position and strategies. ď‚Ą The report also mentions recent deals and investments of different market
players over the last year. ď‚Ą The company profiles section details the business overview, financial
performance for the past three years, key products and services being offered along with the recent developments of these important players in the Alfalfa Hay market.
COMPANY PROFILES Barr-Ag Ltd. Cubeit Hay Company ALF Nutrição Animal Zille S.A. Al Dahra ACX, Inc. Hill Top Farmers Alfalfa Monegros S.L. Gruppo Carli Forbes Lucerne SL Follen Company
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