Alfalfa Hay Market Size, Share, Industry, Forecast and outlook (2023-2030)

Rising demand for dairy & meat products, fueled by growing populations and incomes, is the key driver. Alfalfa hay's high protein and mineral content make it ideal feed for livestock, boosting milk and meat production.

North America currently dominates, with the US being a major producer and exporter. However, Asia Pacific is projected to be the fastest-growing region due to expanding dairy farms and increasing alfalfa imports.

Bales are the most popular form, offering ease of transport and large quantities for feeding. Pellets and cubes are gaining traction for their convenience and digestibility.

Alfalfa Monegros SL, Cubeit Hay Company, and Knight AG Sourcing are among the leading players. Mergers and acquisitions, like Kverneland Group's acquisition of ROC, are shaping the market landscape.