The Alfalfa Global Market Report 2023, provides comprehensive information on the alfalfa market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/alfalfa-global-market-report

As per The Business Research Company’s Alfalfa Global Market Report 2023, the global alfalfa market size is expected to grow from $25.85 billion in 2022 to $27.38 billion in 2023 at a compound annual growth rate (CAGR) of 5.92%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global alfalfa market size is expected to reach $35.07 billion in 2027 at a CAGR of 6.38%.

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Product innovation is the key trend gaining popularity in the alfalfa market. Companies operating in the alfalfa market are adopting new technologies to sustain their position in the market. For instance, in April 2022, Alforex Seeds LLC, a US-based manufacturer of agricultural chemicals and seeds, launched AFX 647 Hi-Salt Alfalfa. AFX 647 is a semi-dormant FD 6 cultivar with exceptional yield and forage quality characteristics. It possesses germination and forage salinity tolerance for challenging soils and outperforms Cisco II by 4% in lucerne yield experiments. They provide growers with a potent tool for increasing germination and productivity in both dryland and irrigated lucerne areas. To maximize season feed output, this variety enhances the salinity threshold above unimproved types.

The alfalfa market is segmented:

1) By Product Type: Pellets, Hay, Cubes, Other Product Type

2) By Animal Type: Cattle, Horses, Other Animal Type

3) By Application: Animal Feed, Forage, Biofuel

North America was the largest region in the alfalfa market in 2022.

The table of contents in TBRC’s alfalfa market report includes:

Executive Summary
Alfalfa Market Characteristics
Alfalfa Market Trends And Strategies
Alfalfa Market - Macro Economic Scenario
Alfalfa Market Size And Growth
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Africa Alfalfa Market
Alfalfa Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The Alfalfa Market
Alfalfa Market Future Outlook and Potential Analysis
Appendix
Top 5 Major Key Players Are:

Alfalfa Monegros SL
Anderson Hay & Grain Co Inc
Standlee Premium Products LLC
Green Prairie International Inc
SL Follen Company
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