Market Size of France Alfalfa Hay Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.40 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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France Alfalfa Market Analysis
The France alfalfa market is estimated to grow at a CAGR of 3.4% during the forecast period. There is a significant production of alfalfa in the country. Around 80% of the alfalfa in France is grown in the main farming region east of Paris but in all of France, 10,000 farmers grow the crop for themselves or for various drying plants operated by co-ops. In a good year, up to 4 cuts of alfalfa can be taken annually with a yield of 14 tonnes per hectare from the first cut.
France Alfalfa Industry Segmentation
The scope of the report surrounds alfalfa which is a leguminous plant with clover-like leaves and bluish flowers, native to south-western Asia and widely grown for fodder. The alfalfa market in France has been studied in depth in the report.
Type | |
Bales | |
Pellets | |
Cubes |
Application | |
Meat/Dairy Animal Feed | |
Poultry Feed | |
Horse Feed | |
Other Applications |
France Alfalfa Hay Market Size Summary
The alfalfa market in France is experiencing steady growth, driven by its significant production capabilities and strategic agricultural practices. The majority of alfalfa cultivation occurs in the eastern regions of France, with a substantial number of farmers engaged in its production, either for personal use or for supply to drying plants operated by cooperatives. The crop's resilience and nutritional benefits, such as its high protein content derived from its deep root system, make it an attractive option for farmers, especially in regions affected by drought. The French government supports alfalfa cultivation through subsidies, further incentivizing its production. This has led to an increase in the area under cultivation, with French farmers actively expanding their alfalfa fields to meet both domestic and international demand.
France's alfalfa production is not only significant for domestic use but also plays a crucial role in the country's export economy. The high protein content of French alfalfa makes it a preferred choice for livestock feed, particularly for cattle and horses, in various European countries and beyond. Major importers include Belgium, Germany, Switzerland, the Netherlands, and Norway, with Belgium being the largest importer. The fragmented nature of the alfalfa hay market in France sees companies competing through product innovation and strategic expansions, such as mergers and acquisitions, to capture larger market shares. This competitive landscape, coupled with increasing production, positions France as a key player in the global alfalfa market, with expectations of continued growth in both production and exports.
France Alfalfa Hay 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 Industry Attractiveness - Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Bales
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2.1.2 Pellets
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2.1.3 Cubes
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2.2 Application
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2.2.1 Meat/Dairy Animal Feed
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2.2.2 Poultry Feed
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2.2.3 Horse Feed
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2.2.4 Other Applications
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France Alfalfa Hay Market Size FAQs
What is the current France Alfalfa Hay Market size?
The France Alfalfa Hay Market is projected to register a CAGR of 3.40% during the forecast period (2024-2029)
Who are the key players in France Alfalfa Hay Market?
Douliere Hay France SAS, Gilles Baudot French Hay, Coaba Group, Anderson Hay & Grain Co. and Cubeit Hay Company are the major companies operating in the France Alfalfa Hay Market.