Market Size of Saudi Arabia Alfalfa Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
Saudi Arabia Alfalfa Hay Market Analysis
The Saudi Arabia alfalfa market is expected to register a CAGR of 5.2% during the forecast period.
- Over the medium term, factors including rising demand for quality hay for livestock and dairy production, prices of alfalfa hay, and health benefits of alfalfa over other alternative feed are expected to drive the market growth in the coming years. Livestock products remain the desired food for nutritional value and taste across major parts of Saudi Arabia.
- The annual poultry meat production in Saudi Arabia was around 910 thousand metric tons in 2021, which grew by 13.7% from 2019. Hence, the market is expected to grow significantly in the country with the rising demand from the meat industry.
- However, the major restraints for this market are a ban on forage production and ecological factors such as scarce water resources in the country. In 2019, the Saudi Arabian government announced a ban on the cultivation of green fodder (forages) and replaced it with imported sources. This is expected to increase the demand for imported high-protein alfalfa but is expected to lead to a decrease in the area harvested for alfalfa.
Saudi Arabia Alfalfa Hay Industry Segmentation
Alfalfa, popularly known as lucerne, is an important forage crop widely grown for hay, pasturage, and silage. Alfalfa hay is very nutritious and palatable, high in protein, minerals, and vitamins.
The Saudi Arabia alfalfa hay market includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis.
The report offers the market size and forecasts in terms of value in USD million and volume in metric ton for all the above segments.
Saudi Arabia Alfalfa Market Size Summary
The alfalfa hay market in Saudi Arabia is poised for growth, driven by the increasing demand for quality hay to support the livestock and dairy sectors. The country's livestock industry, which is a significant consumer of alfalfa hay, continues to expand, with poultry meat production leading the charge. This growth is supported by the government's efforts to enhance self-sufficiency in meat production and its collaboration with the private sector to boost poultry output. Despite the challenges posed by ecological factors and a ban on domestic forage production, the demand for imported high-protein alfalfa hay is expected to rise, as Saudi farmers seek to meet the nutritional needs of their livestock.
The government's decision to phase out domestic green forage production to conserve water resources has led to a reliance on imported alfalfa hay, with the United States being the primary supplier. This shift has prompted Saudi dairies to explore alternative sourcing options from countries like Argentina and Sudan. The ban on cultivating green fodder, including alfalfa, has significantly increased the import value of alfalfa meals, reflecting the country's dependence on imports to satisfy its green fodder requirements. As a result, the alfalfa hay market in Saudi Arabia is anticipated to experience substantial growth, driven by the ongoing demand from the livestock sector and the strategic importation of high-protein alfalfa.
Saudi Arabia Alfalfa Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Production Analysis
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2.2 Consumption Analysis by Volume and Value
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2.3 Import Market Analysis by Volume and Value
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2.4 Export Market Analysis by Volume and Value
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2.5 Price Trend Analysis
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Saudi Arabia Alfalfa Market Size FAQs
What is the current Saudi Arabia Alfalfa Market size?
The Saudi Arabia Alfalfa Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
What years does this Saudi Arabia Alfalfa Market cover?
The report covers the Saudi Arabia Alfalfa Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Alfalfa Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
