Global Alfalfa Seeds Market: Regional Analysis
Regionally, Europe is to dominate the global alfalfa seed market over the forecast period. The Europe region is accounted for the largest exporter and importer worldwide. According to the Coherent Market Insights analysis, the U.S. is the world’s largest exporter and importer of alfalfa seeds. Its imports represent 17.7% of the world’s imports of alfalfa seeds, while its exports represent 33.6% of the global exports of alfalfa seeds. With the increasing demand for dairy products, the Asia Pacific region is expected to witness the fastest growth rate over the forecast period. This growth is mainly due to the growth in livestock population, which requires the expansion of the forage crop area. Moreover, the increasing demand for quality agricultural seeds is also fueling the growth of this market. In addition to this, increasing awareness about the nutrition levels of alfalfa is likely to boost the market growth over the forecast period.
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