Livestock is a major factor responsible for the growth of the global alfalfa hay market. Annual growth of meat production in developing countries is projected to be 2.4% and that of milk production 2.5% till 2030. This is expected to increase the developing countries' share in the world meat production to 66% (247 million metric ton) and in milk production to 55% (484 million metric ton). Furthermore, there has been an immense pressure on the livestock sector to meet the increasing demand for high-value animal protein. Alfalfa Hay Market: Population ‘000 Heads, Cattle Animal Numbers, China, 2014-2018 51,000   The demand for Alfalfa hay is increasing significantly in China and is driven due to changing production practices in the Chinese dairy industry. This is essentially due to increasing number of cows raised by modern dairy farmers, who prefer using imported hay and commercial feeds. Furthermore, the Chinese government is focusing on boosting the domestic production of Alfalfa, in 49,000 order to meet its high demand. The dairy sector is essentially boosting the demand for alfalfa hay in China. The country has about 15 million cows in the dairy industry, among which, 1.5 million are high producers (nine-ton annual milk yield).

1. INTRODUCTION

2. RESEARCH SCOPE AND METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

5. MARKET SEGMENTATION

6. COMPETITIVE LANDSCAPE

7. MARKET OPPORTUNITIES AND FUTURE TRENDS 

8. APPENDIX