Alfalfa Market 2030: Dominating the Ruminant Feed Segment
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 c...