Saudi Arabia Alfalfa Hay Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
Saudi Arabia Alfalfa Hay Market Size- By Form, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: AGRI2414 | Pages: 1 - 103 | Formats*: |
| Category : Agriculture | |||
Saudi Arabia Alfalfa Hay Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Alfalfa Hay Market is estimated to reach USD XX million by 2033 with a CAGR of 5.49%.
The report includes an in-depth analysis of the Saudi Arabia Alfalfa Hay Market, including market size and trends, product mix, distribution channels, and supplier analysis. The legume plant Medicago sativa is the source of alfalfa hay, which is highly valued in the animal feed industry because of its high nutritional content. Alfalfa hay, well-known for its high protein content, is also a great source of important nutrients, such as minerals like calcium and phosphorus and vitamins A, D, E, and K. More so than other animals, livestock including horses, cattle, sheep, and goats find it extremely tasty. Alfalfa hay is not only nutrient-dense but also helps with digestive health and gives animals that exercise a lot of energy. Additionally, because of its fibrous nature, which promotes natural chewing behavior, oral health is enhanced.
- November 2021: Alfalfa meals and pellets were imported by Saudi Arabia in an amount of around 171,000 metric tons, up from 14.6 thousand metric tons in 2019. The primary reason for the rise in imports is the nation's prohibition on growing fodder crops.
- November 5, 2018: The Kingdom of Saudi Arabia outlawed the growing of alfalfa and other green fodder crops. By outlawing it, the nation's renewable water supplies will be under less stress. The country's demand for importing alfalfa meals is anticipated to rise as a result, according to the Ministry of Environment, Water, and Agriculture (MEWA).
Market Opportunities and Challenges
Opportunities: The medium-term market expansion is anticipated to be driven by factors such as the increasing demand for high-quality hay for livestock and dairy production, the costs of alfalfa hay, and the health benefits of alfalfa over alternative feeds. In much of Saudi Arabia, livestock products continue to be the preferred cuisine due to their high nutritional content and flavor.
In 2021, Saudi Arabia produced approximately 910,000 metric tons of poultry meat annually, an increase of 13.7% over 2019. Because of the growing need from the meat sector, the market is therefore anticipated to increase significantly in the nation.
Challenges: The severe weather and scarcity of water in Saudi Arabia pose the biggest challenges to the alfalfa hay industry. With water scarce in a place like Saudi Arabia, alfalfa growing requires a lot of water, which makes large-scale production difficult to maintain. As a result, the nation must import a large amount of alfalfa hay to meet its demands, raising worries about food security and reliance on outside sources. Further causing uncertainty for Saudi Arabia's imports of alfalfa hay are shifts in the dynamics of the worldwide market, particularly with regard to commodity prices and availability.
Market Competitive Landscape
The Automotive Garage Equipment market in Saudi Arabia is moderately fragmented. Some of the market key players are Almarai, National Agriculture Development Company, Alfalfa Monegros, Al Dahra ACX, Anderson Hay & Grain Co, Inc., Border Valley Trading, LLC, Bailee Valley, Barenbrug Holding B.V, Cubeit Hay Company, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Form, By Application |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
| Companies Covered | Almarai, National Agriculture Development Company, Alfalfa Monegros, Al Dahra ACX, Anderson Hay & Grain Co, Inc., Border Valley Trading, LLC, Bailee Valley, Barenbrug Holding B.V, Cubeit Hay Company, Others. |
COVID-19 Impact on Saudi Arabia Alfalfa Hay Market
The Saudi Arabian alfalfa hay market has been severely affected by the COVID-19 epidemic, which has caused several difficulties and disruptions. The logistics and supply chains essential for the importation of alfalfa hay have faced challenges due to the implementation of lockdown measures and mobility restrictions aimed at curbing the virus's spread. The prompt delivery of alfalfa hay consignments has been hindered by border closures, airplane cancellations, and transportation delays, resulting in shortages and variations in availability. The pandemic's effects on consumer behavior and spending habits have also changed the demand for alfalfa hay products by creating economic uncertainty.
Key Target Audience:
- Livestock Farmers
- Animal Feed Distributors
- Agricultural Suppliers
- Importers and Exporters
- Feed Mill Operators
- Livestock Industry Associations
- Government Agricultural Agencies
- Research Institutions
- Financial Institutions
- Agricultural Technology Providers
Our in-depth analysis of the Saudi Arabia Alfalfa Hay Market includes the following segments:
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| By Application: |
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| By Region: |
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Key Topics Covered in the Report:
- Saudi Arabia Alfalfa Hay Market Size (FY’2024-FY’2033)
- Overview of Saudi Arabia Alfalfa Hay Market
- Segmentation of Saudi Arabia Alfalfa Hay Market By Form (Hay, Pellets, Cubes, Others)
- Segmentation of Saudi Arabia Alfalfa Hay Market By Application (Dairy Cow Feed, Beef Cattle & Sheep, Horse Feed, Others)
- Expansion Analysis of Saudi Arabia Alfalfa Hay Market
- Problems and Obstacles in Saudi Arabia Alfalfa Hay Market
- Competitive Landscape in the Saudi Arabia Alfalfa Hay Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Alfalfa Hay Market
- Details on Current Investment in Saudi Arabia Alfalfa Hay Market
- Competitive Analysis of Saudi Arabia Alfalfa Hay Market
- Prominent Players in the Saudi Arabia Alfalfa Hay Market
- SWOT Analysis of Saudi Arabia Alfalfa Hay Market
- Saudi Arabia Alfalfa Hay Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Saudi Arabia Alfalfa Hay Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Alfalfa Hay Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Alfalfa Hay Market
7. Saudi Arabia Alfalfa Hay Market, By Form (USD Million)
7.1. Saudi Arabia Alfalfa Hay Market Value Share and Forecast, By Form, 2024-20337.2. Hay7.3. Pellets7.4. Cubes7.5. Others
8. Saudi Arabia Alfalfa Hay Market, By Application (USD Million)
8.1. Saudi Arabia Alfalfa Hay Market Value Share and Forecast, By Application, 2024-20338.2. Dairy Cow Feed8.3. Beef Cattle & Sheep8.4. Horse Feed8.5. Others
9. Saudi Arabia Alfalfa Hay Market Forecast, 2020-2033 (USD Million)
9.1. Saudi Arabia Alfalfa Hay Market Size and Market Share
10. Saudi Arabia Alfalfa Hay Market, By Form, 2020-2033 (USD Million)
10.1. Saudi Arabia Alfalfa Hay Market Size and Market Share By Form (2020-2026)10.2. Saudi Arabia Alfalfa Hay Market Size and Market Share By Form (2027-2033)
11. Saudi Arabia Alfalfa Hay Market, By Application, 2020-2033 (USD Million)
11.1. Saudi Arabia Alfalfa Hay Market Size and Market Share By Application (2020-2026)11.2. Saudi Arabia Alfalfa Hay Market Size and Market Share By Application (2027-2033)
12. Saudi Arabia Alfalfa Hay Market, By Region, 2020-2033 (USD Million)
12.1. Saudi Arabia Alfalfa Hay Market Size and Market Share By Region (2020-2026)12.2. Saudi Arabia Alfalfa Hay Market Size and Market Share By Region (2027-2033)12.3. Eastern Region12.4. Northern Region12.5. Western Region12.6. Southern Region
13. Company Profile
13.1. Almarai13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. National Agriculture Development Company13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Alfalfa Monegros13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Al Dahra ACX13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Anderson Hay & Grain Co, Inc.13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Border Valley Trading, LLC13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Bailee Valley13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Barenbrug Holding B.V13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Cubeit Hay Company13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Saudi Arabia Alfalfa Hay Market is projected to reach USD XX Billion by 2033, growing at a CAGR of 5.49% during the forecast period.
Saudi Arabia Alfalfa Hay Market size from 2022. The Market is expected to reach USD XX Billion by 2033, at a CAGR of 5.49% during the forecast period.
Saudi Arabia Alfalfa Hay Market CAGR of 5.49% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Saudi Arabia Alfalfa Hay Market size is XX Billion from 2024 to 2033.
Saudi Arabia Alfalfa Hay Market Segment is covered By Voltage, By Installation, By Material, By End Use.
The Middle East is anticipated to have the highest market share in the Saudi Arabia Alfalfa Hay Market.
The key players in the market include Companies Covered Almarai, National Agriculture Development Company, Alfalfa Monegros, Al Dahra ACX, Anderson Hay & Grain Co, Inc., Border Valley Trading, LLC, Bailee Valley, Barenbrug Holding B.V, Cubeit Hay Company, Others.
" The country's demand for importing alfalfa meals is anticipated to rise as a result, according to the Ministry of Environment, Water, and Agriculture (MEWA).
"
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