Alfalfa
is a perennial flowering plant is appropriate to the legume family Fabaceae. It
is mainly cultivated as forage crops. Alfalfa is used for human diet as alfalfa
concentrates. It is a rich source of minerals, proteins, vitamins (A, E, K,
folic acid, biotin, etc), and amino acids. It is considered to be an herb and
useful in the treatment of bladder, kidney, and prostate conditions. Alfalfa
concentrate, also identified as concentrated alfalfa extract. It is broadly
used in mixed feed industry as it provides both natural pigments and nutritional
performance to acquaintance animal & aquaculture diets. It is rich in
dietary fibers & dietary minerals such as calcium, potassium, magnesium,
and iron. Owing to the high nutritional value, it is used as a dietary
supplement and has applications in sports nutrition & health care
industries. It is easily mix with vegetable juices, smoothies, shakes, and
other health drinks, which makes it appropriate for the manufacturers of the
food industry to integrate it and develop nutritional & innovative food
products. It is also used in pharmaceutical or dietary supplement/nutraceutical
industry. It is available in the form of meal, granules or green fine powder.
The key
benefits are included acting as a diuretic, lowering blood pressure, treating
arthritis, increase in breast milk production, getting rid of kidney stones and
others (improved metabolic health and relieving menopause symptoms).
According
to study, “World Aalfalfa Concentrate Market Research
Report 2024(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the
world aalfalfa concentrate market are Martin Bauer Group, Nature LLC, Desialis,
Shaanxi Jiaherb Phytochem, LiquaDry, Nanjing Zhi Bai Cui Biology Technology, Swanson
Vitamins, Bioriginal Food & Science Corporation, Naturalin, 3W Biotanical
Extract, Xi'an
Tianrui Biotech Co., Ltd., Changsha Active Ingredients Group, Hunan NutraMax,
Sun Prime Extracts, Refine Biology, Acetar Bio-Tech, Anderson Hay, Acx Pacific
Northwest, Border Valley Trading, Ltd, Knight Arizona Hay, Barr-Ag, Bailey
Farms International, Standlee, Oxbow, Accomazzo Company, Legal Alfalfa Products
Ltd, Gansu Yasheng Pastoral Grass, M&C Hay, Qiushi, Huishan, M.Grass,
Beijing Lvtianyuan Ecological, Ning Xia Nong Ken Mao Sheng Cao Ye. The key
manufactures of dietary supplements and nutraceutical products are continuously
focusing on the development of non-GMO, plant-based, and gluten free protein
concentrates which will possibly create beneficial opportunities in the
manufacturing of alfalfa concentrates.
Based on
type, aalfalfa concentrate market is segmented into alfalfa concentrate pellets
and alfalfa concentrate powder. Based on sales channel, market is segmented
into distribution channel and direct channel. In addition, based on
application, market is segmented into pet, equine & small companion
animals, poultry, dairy & livestock applications, aquaculture, medicines
& health products, food industry and others.
The aalfalfa concentrate market is driven
by rise in number of health-conscious consumers, followed by increase in
aging population and rise in
incidences of diseases for instance high cholesterol, diabetes, and
cardiovascular disease. However, competition with similar protein supplements
and lack of awareness may impact the market. Moreover, growth in development of
technologies is a key opportunity for market.
The
global aalfalfa concentrate market is expected to grow at a CAGR of
approximately 3.8% over the next five years, will reach US $54 million in 2024,
from US $45 million in 2019.
For more
information, refer to below link:-
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Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
