The global alfalfa market was valued at USD 22.69 billion in 2023 and is expected to reach USD 36.3 billion by 2030, expanding at a CAGR of 6.0% from 2024 to 2030. This growth is largely driven by increasing demand for high-quality forage to support livestock nutrition. Alfalfa, rich in protein, vitamins, and minerals, is a preferred feed for animals such as dairy cows, cattle, and horses due to its nutritional benefits.

Alfalfa is especially beneficial for dairy cows, offering essential nutrients that support milk production. It is a strong source of calcium—crucial for milk yield and bone strength—and phosphorus, which promotes overall animal health. Its fiber content also contributes to rumen health, aiding digestion and nutrient uptake. Additionally, its high palatability encourages consistent feed intake among livestock.

Alfalfa is typically cultivated by seeding, which is more common than transplanting. It can be harvested multiple times per season, with the first cut ideally taken at the bud or early bloom stage to maximize nutritional value. After harvesting, it may be dried in the field or processed into haylage or silage. Maintaining optimal moisture levels through proper drying and storage is key to preserving its quality.

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Key Market Trends and Insights:

• By Livestock: The ruminant livestock segment led the market with a 53.3% revenue share in 2023, attributed to alfalfa's compatibility with ruminant digestive systems and its high protein content, supporting growth and milk production.
• By Type: The hay bales segment accounted for 42.5% of the market in 2023, favored for offering a natural and unprocessed form of forage, beneficial to the health and behavior of animals like horses and cows.

Market Size Overview:

• 2023 Market Size: USD 22.69 Billion
• 2030 Projected Market Size: USD 36.3 Billion
• Growth Rate (CAGR 2024–2030): 6.0%
• Leading Region (2023): North America

Market Dynamics and Key Players:

Sustainability is becoming a key focus among producers, with emphasis on eco-friendly farming practices such as crop rotation, reduced chemical use, and efficient water management. Many companies are also investing in R&D to enhance cultivation practices, improve pest and disease control, and boost yield quality.

Strategic moves like product innovation and mergers and acquisitions are helping players strengthen their market position. For example, in September 2023, DLF acquired Corteva Agriscience’s alfalfa breeding program, gaining access to advanced genetics and an expanded brand portfolio.

Major Companies in the Alfalfa Market:

• Alfalfa Monegros SL
• Anderson Hay & Grain Inc.
• Al Dahra ACX Global Inc.
• Standlee Premium Products, LLC
• Bailey Farms
• Cubeit Hay Company
• Green Prairie International
• Haykingdom Inc.

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Conclusion:

The global alfalfa market is experiencing robust growth due to its critical role in livestock nutrition and dairy production. As demand for high-quality animal feed rises, particularly in the ruminant sector, alfalfa's value continues to increase. With significant investments in sustainable practices and agricultural innovation, along with strategic industry partnerships, the market is well-positioned for steady expansion through 2030.