According to the report, the Alfalfa Concentrate market is expected to grow from USD 5,953 million in 2019 to USD 6,629 million by 2026, growing at a CAGR of 1.55% from 2019 to 2026.
Market Overview
The global Alfalfa Concentrate market is estimated to be USD 5,953 million in 2019 and is expected to reach USD 6,629 million by 2026, with a CAGR of 1.55% during the forecast period.
The increasing aging population is the key driving factor for Alfalfa Concentrate market. Furthermore, the high prevalence of diseases such as high cholesterol, Asthma, Diabetes, the demand for alfalfa is increasing accordingly. The market growth also attributed to people attached more importance on personal health.
Alfalfa is a perennial flowering plant in the legume family Fabaceae. It is cultivated as an important forage crop in many countries around the world. It is used for grazing, hay, and silage, as well as a green manure and cover crop.
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Competitive Insights
Key players operating in this market include Martin Bauer Group, Desialis, Sun Prime Extracts, Nature LLC, LiquaDry, Shaanxi Jiaherb Phytochem, Naturalin, Nanjing Zhi Bai Cui Biology Technology, Changsha Active Ingredients Group, 3W Biotanical Extract, Refine Biology, Hunan NutraMax, and Acetar Bio-Tech.
Regional Insights
Europe with the largest proportion of 41.69%, followed by North America and the Asia Pacific with a share of 31.85% and 17.22%.
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l Alfalfa Concentrate Powder
l Alfalfa Concentrate Pellets
l Others
Application Insights
l Feed Industry
l Food Industry
l Medicines &Health Products
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Audience
l Alfalfa Concentrate manufacturers
l Distributors and resellers of Alfalfa Concentrate
l Alfalfa Concentrate industry associations
l Product managers, Alfalfa Concentrate industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
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