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North America Hay Market

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Hay is a collection of grass, legumes and other herbaceous plants that have been minced, dried and stored for use as animal feed. It is mainly a source of nutrition for grazing animals such as cattle, horses, goats and sheep.
North America Hay Market Opportunity & Growth Outlook Report 2017
North America Hay Market was worth USD XX.XX billion in 2016 and estimated to
be growing at a CAGR of X.XX%, to reach USD XX.XX billion by 2021. Hay is a
collection of grass, legumes and other herbaceous plants that have been minced,
dried and stored for use as animal feed. It is mainly a source of nutrition for grazing
animals such as cattle, horses, goats and sheep.
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The demand for hay is increasing all the more as farms are becoming more in
number and farm animals are also increasing in number. The composition of hay
may be widely varied with the most commonly used plants for hay including mixtures
of grasses such as ryegrass, timothy, brome, fescue, Bermuda grass, orchard grass,
and other species, depending on region. Hay may also include legumes, such as
alfalfa and clovers which may be red, white and subterranean varieties.
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Market Segmentation
Product
Introduction
Hay Bales
Hay Pellets
Hay Cubes
Type
Introduction
Dairy Cow Feed
Beef Cattle and Sheep Feed
Pig Feed
Poultry Feed
The growth of the hay market is mainly driven by the decrease in farm land. When
there is not enough pasture for grazing animals, hay is used to meet the nutritional
demand of the animals. Other drivers of the market include introduction of new
composition formulas for hay as well as the favourable government policies
regarding farm animal welfare. As for the restraints of the market, the storage of hay
is always a challenge. This along with the preference of farmers towards
conventional grazing are the main restraints for the market growth.
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The North America Hay market is broadly classified on the basis of Product into Hay
Bales, Hay Pellets and Hay Cubes and based on Type they are classified into Dairy
Cow Feed, Beef Cattle & Sheep Feed, Pig Feed and Poultry Feed. Based on
geography, the North America market is analysed under USA and Canada. The
North American market has the largest market share globally inspite of the having a
low growth rate in recent years. This is expected as the scope for development in the
region is quite low and the entrant of new players into the market is not encouraged
by the presence of major market players native to the region.
The Hay market is highly competitive with a large number of players. Key market
players dominating the market with their products are Anderson Hay & Grain, Border
Valley, Knight Ag Sourcing, Hay USA, Bailey Farms, Hayday Farm, Barr-Ag,
Standlee, Legal Alfalfa Products Ltd. And M&C Hay.
Scope of the Report:
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Regional and country-level analysis and forecasts of the study market;
providing Insights on the major countries/regions in which this industry is
blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of Product and Type along with market size
forecasts and estimations to detect key areas of industry growth in detail
Identification
of
key
drivers,
restraints,
opportunities
and
challenges (DROC) in the market and their impact on shifting market
dynamics
Study of the effect of exogenous and endogenous factors that affect the
North America Market; which includes broadly demographic, economic and
political, among other macro-environmental factors presented in an
extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of
an Industry, using Porter’s five forces analysis for analyzing the level of
competition and business strategy development
A comprehensive list of key market players along with their product
portfolio, current strategic interests, key financial information, legal issues,
SWOT analysis and analyst overview to study and sustain the market
environment
Competitive landscape analysis listing out the mergers, acquisitions,
collaborations in the field along with new product launches, comparative
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financial studies and recent developments in the market by the major
companies
An executive summary, abridging the entire report in such a way that
decision-making personnel can rapidly become acquainted with background
information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to
provide both individuals and organizations a strong financial foothold in the
market
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domains, we cater to the needs of both individual and corporate clients. Our
analyst team comprises expert professionals in market research, who with their
collective knowledge and sksillset dedicatedly serve clients from various
industries and regions.
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Author
Bhargav
Bhargav410   documents Email
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Business and Leadership
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