Foods & Beverages Market Analysis Alfalfa Market Research Report - Industry Analysis | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Browse Detail Report@https://www.hexaresearch.com/upcoming-research/alfalfa-market Alfalfa is also used as a forage food due to its high nutrition value. In the regions like Asia Pacific where the pastures are scarce, demand for alfalfa as a forage crop is expected to rise. Due to rising population, global demand for dairy products has increased in the recent past and is expected to follow the current trend over the next eight years. More resources are being invested in protein-rich alfalfa based diets for increased dairy production. The global meat market is expected to grow at an estimated CAGR of 6.4% during the forecast period. Preference for alfalfa hay has increased as farmers are more concerned about the nutrition value of animal feed. Owing to the shortage of nutritious fodder coupled with high quality and digestibility is expected to increase the demand for alfalfa over the forecast period. The global demand for wool is growing due to its wide range of uses in clothing, upholstery, horse rugs, wool insulation, carpeting, blankets and felt. The use of alfalfa hay has benefitted the farmers in terms of wool quality because of its nutritious value and hence is expected to fuel the overall demand. Alfalfa crop is grown around the globe as it can sustain varying conditions. Increasing arable land for alfalfa owing to its sustainable nature to extreme weather condition and easy storage is expected to benefit the overall production capacity. With increasing production and growing demand, the product prices are anticipated to go down over the next eight years. Developed regions such as the U.S., Europe have enacted laws to reduce the environment footprint. These regions are encouraging the usage of biofuels to curb the pollution caused by conventional fossil fuels. This factor is going to benefit the market as alfalfa is highly used in producing biofuels. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/