Lucerne Market: Global Industry Analysis, Size, Share, Innovation by Manufacturers And Forecast 2022-2027
Lucerne,
also called Alfalfa, is an adaptive perennial flowering plant of the pea family
which is native to warmer temperate climates and has productive stand life if
about 5 to 7 years. Lucerne is used in some regions for hay, silage, feeding,
chaff, and others. Lucerne hay is the hay made from Lucerne plant, used for
feeding animals such as horses, cattle, sheep, and goat, during the time of
scarcity.
Lucerne provides high-quality supplements as compares to
other plants used as a fodder. Lucerne, in turn, affects the dairy and equine
industries as it promotes animal vigor with respect to milk production,
reproductive response and growth rates. Fresh Lucerne also contains vitamin A
and E, the otherwise high concentration of Magnesium and Calcium is present.
France, Canada, Spain, and USA are the leading producers of Lucerne hay market.
Lucerne Market
Drivers and Trends
In general, livestock owners are the one who prefers to buy
Lucerne hay in bulk in proportion to their ruminant’s intake or livestock owing
to other owners can graze at the rental basis. Few challenges associated with
Lucerne plantation includes the requirement of well-drained soil for better
production, removal of weeds while preparing the seedbed, and not able to
tolerate waterlogged soil.
Other than feeding and grazing usage for animals, Lucerne is
also used as healthy food for humans. With respect to human serving
functionality, Lucerne is used by medical industry as it fights against
pregnancy sickness, allergies, stomach ulcers, arthritis and bad breath. Stock
feed producers also use Lucerne for producing different feed products.
The cost of Lucerne hay depends on its harvesting, and on
its quality and size. Even lower quality of Lucerne hay is useful as it might
not be suitable for horses but it can be used for mulch as it increases soil
nitrogen, suppresses weeds, conserves moisture, and provides a variety of
minerals such as iron, calcium, potassium, and others.
In some regions where there are crops, such as cotton, which
needs to be protected from insects, Lucerne can be introduced there as it can
attract parasitic and predatory insects and thus the other crop is remained
safe from insects.
The growth of Lucerne market is driven by the growth of
Lucerne market, which in turn is driven by some factors including shrinking of
the land for grazing of animals, increasing demand for dairy products, growth
in demand for cattle for feeding and much more.
Lucerne Market
Segmentation
The Lucerne market is segmented on the basis of end use, and
product type. On the basis of end use, the Lucerne market is segmented into
dairy industry, equine industry, poultry, household, and others. Lucerne market
growth of the segments depends on the region of the market. On the basis of
product type, the Lucerne market is segmented into hay, chaff, silage, and
others.
Silage is fodder which is highly moisturized and can be fed
to ruminants. Hay is dried Lucerne stored so that it could be used as livestock
fodder, during scarcity. Chaff is a satisfactory source of roughage for equine
industry.
Lucerne Market
Regional Outlook
The regional segment for the market of Lucerne is divided
into seven different regions: Western Europe, North America, Eastern Europe,
Latin America, APEJ, Middle East & Africa and Japan. North America is
having a more matured market as compared to the Western market.
Regions such as China, having a high population of cattle,
sheep, and goat need to satisfy their animal’s need, so they either prefer
production of Lucerne hay or they go for import of it. The Lucerne market in
Middle East Africa is anticipated to have an emerging Lucerne market in the
forecast period.
Lucerne Market
Key Players:
The key player in the Lucerne market only includes
Haykingdom Inc., Glenvar Hay, Anderson Hay & Grain Inc., Hay USA,
Haykingdom Inc. Al Dahra ACX Global, Inc., and Glenvar Hay.
The research report presents a comprehensive assessment of
the market and contains thoughtful insights, facts, historical data, and
statistically supported and industry-validated market data. It also contains
projections using a suitable set of assumptions and methodologies. The research
report provides analysis and information according to market segments such as
geographies, application, and industry.
The report covers
exhaust analysis on
- Market
Segments
- Market
Dynamics
- Market
Size
- Supply
& Demand
- Current
Trends/Issues/Challenges
- Competition
& Companies involved
- Technology
- Value
Chain
Regional analysis
includes
·
North America (U.S., Canada)
·
Latin America (Mexico. Brazil)
·
Western Europe (Germany, Italy, France, U.K,
Spain)
·
Eastern Europe (Poland, Russia)
·
Asia Pacific (China, India, ASEAN, Australia
& New Zealand)
·
Japan
·
Middle East and Africa (GCC Countries, S.
Africa, Northern Africa)
The report is a compilation of first-hand information,
qualitative and quantitative assessment by industry analysts, inputs from
industry experts and industry participants across the value chain. The report
provides in-depth analysis of parent market trends, macro-economic indicators
and governing factors along with market attractiveness as per segments. The
report also maps the qualitative impact of various market factors on market
segments and geographies.
Main Report Link: https://www.futuremarketinsights.com/reports/lucerne-market
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