The Asia Pacific Alfalfa Seeds Market would witness market growth of 7.4% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 5,384.89 Tonnes, showcasing a growth of 16.4% (2020-2023).
Within agriculture, alfalfa seeds find widespread usage in various applications, including forage production, animal feed, and soil improvement. As a highly nutritious forage crop, alfalfa is extensively grown for livestock feed, providing essential proteins, vitamins, and minerals to dairy cows, beef cattle, and other grazing animals. Therefore, the agriculture sector of India market used 450.99 Tonnes of alfalfa seeds in the market in 2023.
The China market dominated the Asia Pacific Alfalfa Seeds Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $48.3 Million by 2031. The Japan market is registering a CAGR of 6.7% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 8.1% during (2024 - 2031).
Alfalfa seeds are cultivated for forage production, serving as a valuable source of livestock feed and a means of generating income for farmers. Alfalfa hay is prized for its high protein content, palatability, and digestibility, making it a preferred feed option for dairy cows and other ruminant animals. Alfalfa can be harvested multiple times throughout the growing season, providing a continuous source of nutritious forage for livestock.
Moreover, alfalfa seeds are also grown for seed production, supplying the market with high-quality alfalfa seeds for planting new alfalfa fields or for use in seed blends for pastures and forage crops. Seed producers employ advanced breeding techniques, seed treatment methods, and quality assurance measures to ensure the production of viable and genetically pure alfalfa seeds. Adopting alfalfa seeds varies across regions and is influenced by various factors, including agricultural practices, climate conditions, market demand, and policy frameworks.
With the expansion of the animal feed industry in India, there is a rising demand for high-quality forage crops to meet the dietary needs of livestock. Alfalfa, known for its high protein content and nutritional value, is a preferred feed ingredient for dairy cows, beef cattle, and other livestock. The increasing demand for nutritious feed could boost the demand for alfalfa seeds in India. Therefore, the increasing animal feed industry and rising agriculture sector in the region propel the market’s growth.
Free Valuable Insights: The Global Alfalfa Seeds Market is Predict to reach USD 804.2 Million by 2031, at a CAGR of 6.9%
Based on Type, the market is segmented into Non-Dormant Seed, and Dormant Seed. Based on Application, the market is segmented into Agriculture, Health Food, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Tonnes, USD Million, 2020-31)
By Application (Volume, Tonnes, USD Million, 2020-31)
By Country (Volume, Tonnes, USD Million, 2020-31)
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