Global Alfalfa Hay Market Report 2020-2025
Retrieved on:
Thursday, December 31, 2020
DUBLIN, Dec. 31, 2020 /PRNewswire/ -- The "Alfalfa Hay Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
Key Points:
- DUBLIN, Dec. 31, 2020 /PRNewswire/ -- The "Alfalfa Hay Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
- Alfalfa hay market is expected to grow at a compound annual growth rate of 5.89% over the forecast period to reach a market size of US$20.551 billion in 2025 from US$14.576 billion in 2019.
- The APAC region is poised to hold a substantial share in the alfalfa hay market which is expected to drive the market growth of the same.
- In the view above, a major facilitator of alfalfa hay market growth is the U.S.- China Economic and Trade Agreement, among others, which was signed on January 15, 2020, leading to expanded access for several U.S. hay products, that are inclusive of but not limited to, alfalfa hay pellets and cubes.