DUBAI, UAE. 9th September
2019: 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.
The factors that are playing a major role in the growth of
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. However, lack of awareness among populace
regarding alfalfa seeds in the developing regions and for irrigation, the high
quantity of water is required. Market is segmented based on product type,
application, and region.
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The non-dormant seed and dormant seed are the product types
that could be explored in alfalfa seed market in the forecast period.
Non-dormant sector accounted for the significant share of 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.
The market could be categorized based on applications like
food, dairy industry, agriculture, and others that could be explored in the
forecast period. The dairy industry may account for the significant share of
alfalfa seeds market and is estimated to lead the overall market in the years
to come. Based on the distribution channel, distributor, online channel, direct
sales, and others could classify alfalfa seeds in the forecast period.
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.
The key players of alfalfa seeds market are S&W Seeds Company,
Alforex Seeds LLC, Monsanto Company, DLF International Seeds, LG Seeds, DuPont
Pioneer, Lacrosse Seed, Dyna-Gro Seed, Hazera Seeds Inc., and Forage Genetics
International. These players are concentrating on inorganic growth to sustain
themselves amidst fierce competition.
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Report with TOC @ https://www.millioninsights.com/industry-reports/alfalfa-seeds-market
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• GMO
• non-GMO
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Alfalfa Seeds for each application, including
• Agriculture
• Pharma & Healthcare
• Others
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