Alfalfa Pellets Market: Introduction
Alfalfa is a perennial legume, it is one of the best healthy and versatile livestock feed products across the globe. Alfalfa pellets are prepared from alfalfa meal or ground alfalfa hay. The alfalfa pellets are dried green fodder that is enriched with valuable vitamins (mainly Vitamin A), minerals, and protein. Alfalfa pellets are mainly used as a feed material for poultry, swine, and cattle. Alfalfa is also termed as Medicago sativa or lucern.
Dehydrated and sun-cured are the two types of alfalfa pellets that are widely used to feed to cattle, sheep, or horses, or by feed manufacturers (compounders) for inclusion in compound feeds. In addition, alfalfa pellets are an excellent source of nitrogen (up to 5%), alfalfa pellets also have trace minerals and triacontanol, which is a naturally occurring growth promoter for plants that improve the yield as well growth of several crops. Due to the nutritional value, the alfalfa pellets are facing very higher demand in the feed and farm industry.
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Rising Demand for Meat and Dairy-based Products Propelling the Growth of Alfalfa Pellets Industry
Alfalfa pellet is one of the best forage for milk and meat producing cattle. Cows proficiently use the high levels of calcium, protein, and premium-quality fiber in alfalfa pellets to produce milk. Alfalfa pellets are fed-free choice all over the year. The alfalfa reduces the feed bills and increases the production of milk. These are the primary factors due to which alfalfa pellets are used in dairy farms.
Livestock-based products not only offer high-value protein but also a key source of a diverse range of essential micronutrients, particularly minerals, for instance, zinc and iron, vitamins (vitamin A). For the majority of consumers across the globe, mainly in developing nations, livestock products persist a preferred food in terms of taste and nutritional value. Excessive intake of animal-based products some countries can, however, lead to excessive intakes of fat. The demand for protein-enriched products is mostly preferred by consumers. Hence, the rising demand for dairy and animal-based products, shrinkage of the animal grazing land, along with the growth of bred cattle and high yield cattle for feed demand is propelling the alfalfa pellets market globally and is anticipated to grow in the forecast years.
Alfalfa Pellets: Segmentation
The alfalfa pellets market is segmented on the basis of application, packaging, and sales channel.
Based on application, the global alfalfa pellets market is segmented as-
- Animal Feed
- Poultry Feed
- Swine Feed
- Meat/Dairy Feed
Based on packaging, the global alfalfa pellets market is segmented as-
- Airtight containers
Based on sales channel, the global alfalfa pellets market is segmented as-
- Store-based Retailing
- Specialty Stores
- Discount Stores
- Modern Grocery Stores
- Traditional Grocery Stores
- Other Store-based Retailing
- Online Retailing
- Store-based Retailing
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Alfalfa Pellets: Key Players
Some of the leading players of global alfalfa pellets market include Alfalfa Monegros, S.L., Riverina (Australia) Pty, Los Venteros S.C., Coaba, Grupo Osés, Al Dahra ACX Global, Inc., Border Valley, Anderson Hay & Grain Inc., Knight Ag Sourcing, Bailey Farms, SL Follen Company, Hay USA, Standlee Hay Company, Haykingdom Inc., Cubeit Hay Company, Green Prairie International, M&C Hay, McCracken Hay Company, and Glenvar Hay among others.
Alfalfa Pellets: Opportunities
The manufacturers of alfalfa pellets across the globe are concentrating on the introduction of several innovative and healthy animal-feed options because of the rising awareness about cattle health. This is likely to surge in the present and future scenarios for the key producers of alfalfa pellets.
In addition, the alfalfa pellets market is facing a very high growth prospect and several new players are trying to make their foothold into the market while the international players are focusing on the strengthening their business to make more revenue.
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