Alfalfa Seeds Market, By Application (Agriculture, Food, and Others), By Geography (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

The global alfalfa seeds market was valued at US$ 799.7 Mn in 2022 and is expected to exhibit a CAGR of 7.1% over the forecast period (2023-2030) to reach US$ 1,389.5 Mn by 2030.

Global Alfalfa Seeds Market Value Share (%), By Application, 2022

Alfalfa seed is a great source of vitamins and antioxidants. It can add nutritional value to many recipes and is high in fiber. In addition, alfalfa seeds can be sprouted for additional nutritional benefits. Alfalfa grows well in a wide range of environments and soil conditions. It thrives in areas with high moisture and full sun. Alfalfa seed is also very hardy and drought-resistant. Alfalfa is also a good attractant for wildlife. It is easy to grow and does not require pesticides. It can be planted in the spring or fall and widely used as high-quality feed in the dairy industry as a result alfalfa seed production is an important crop in several region.

Market Dynamics:

The increasing demand for quality agriculture seeds across the world is driving the global alfalfa seed market. The growth is also driven by the rising income levels of many developing nations as well as the increasing demand for quality meat and food products. There are many factors like rising income level, increase in population level, and demand for the quality agricultural seeds are expected to propel the market growth. The growing demand for beef has increased the demand for crops as a source of feed. Furthermore, the growing adoption of hybrid seeds is further anticipated to foster the market growth. The growth in the animal production is to generate demand for better forage crop as there is the high demand for better quality meal and due to better prospect for yield and quality Alfalfa widely used in multi-animal feeding program in the U.S.

On the other hand, a lower yield than other forage crops is expected to restrict the market growth.

Key features of the study:

• This report provides in-depth analysis of the global alfalfa seeds market, and provides market size (US$ Mn) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global alfalfa seeds market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• The key companies covered as a part of this study include Alforex Seeds LLC, DLF International Seeds, DuPont Pioneer, Dyna-Gro Seed, Forage Genetics International, Lacrosse Seed, LG Seeds, Monsanto Company, S&W Seeds CompanY, and Allied Seed LLC
• Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global alfalfa seeds market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global alfalfa seeds market

Detailed Segmentation:

• Global Alfalfa Seeds Market, By Application
  • Agriculture
  • Food
  • Others
• Global Alfalfa Seeds Market, By Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Alforex Seeds LLC
  • DLF International Seeds
  • DuPont Pioneer
  • Dyna-Gro Seed
  • Forage Genetics International
  • Lacrosse Seed
  • LG Seeds
  • Monsanto Company
  • S&W Seeds CompanY
  • Allied Seed LLC