Alfalfa Seeds Market Top Vendors, Revenue Drivers Analysis and Regional Outlook

 The global alfalfa seeds market research report provides insights on industry scope, key players, growth driving factors, key application, and regional estimates. It offers numerous opportunities for market players to invest in research and development. This syndicated research report also provides insights on market size, revenue drivers, supply chain analysis, and data-driven answers to many industry-level questions.

Market Overview:

Global alfalfa seeds market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Alfalfa is also termed as “Lucerne” and binomial nomenclature states it as a Medicago sativa, is a perennial flowering plant in the legume family “Fabaceae”. It is also considered as an herb. The seeds are eaten in the form of alfalfa sprouts and are used in medicine. 

Key Players:

• Monsanto
• DuPont Pioneer
• Syngenta
• Dow
• Kussmaul
• Dairyland Seed
• Forage Genetics International
• Barenbrug

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Growth Drivers:

The factors that are playing a major role in the growth of the alfalfa seeds market are the rising acceptance of hybrid seeds, the rise in industrial livestock production, diminishing area of grazing, and the growing demand for meat and dairy products.

The non-dormant sector accounted for the significant share of the alfalfa seeds market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising demand from end-users. Based on the origin, inorganic and organic could classify alfalfa seeds in the forecast period.

Market Segment:

Key Region:

• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Regional Insights:

Globally, North America accounted for the substantial share of alfalfa seeds industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region, better yield, its high versatility, and the growing demand from end-users. The United States and Canada are the major consumers of alfalfa seeds in this region.

The Asia Pacific and Europe are also estimated to have a positive influence on future growth. The Asia Pacific is the second largest region with significant market share. The developing countries like India and China are the major consumers of alfalfa seeds in this region. However, Europe is estimated to grow at the highest CAGR in the forecast period.

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