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商品編碼

1407404

苜蓿市場 - 2018-2028 年全球產業規模、佔有率、趨勢、機會和預測，按產品類型、按應用、地區和競爭細分

Alfalfa Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type, By Application, By Region and Competition

出版日期: 2023年11月07日 | 出版商:

TechSci Research | 英文 175 Pages | 商品交期: 2-3個工作天內

價格

簡介目錄

2022 年全球苜蓿市場價值為 88.4 億美元，預計在預測期內將出現令人印象深刻的成長，到 2028 年複合CAGR為6.61%。苜蓿，也稱為苜蓿，是來自苜蓿植物的寶貴飼料來源。它廣泛應用於反芻動物、牛、家禽和馬的牲畜飼料中，有塊狀、顆粒狀和塊狀。苜蓿乾草富含能量、蛋白質、纖維、鈣、維生素和礦物質。生產過程包括用收割機收割農作物，然後將其切成條狀在陽光下曬乾，然後將其機械壓縮成捆，並進一步加工成更小的立方體和顆粒。與傳統的乾草相比，苜蓿乾草具有優越的營養成分和適口性。此外，它還可用於製造營養補充劑，以促進動物生長並增強免疫系統。

主要市場促進因素

透過基因改造提高苜蓿產量

市場概況
預測期	2024-2028
2022 年市場規模	88.4億美元
2028 年市場規模	129.1億美元
2023-2028 年CAGR	6.61%
成長最快的細分市場	亞太地區
最大的市場	北美洲

基因改造有可能顯著提高全球主要飼料作物苜蓿的產量。產量的提高是透過引入使作物更加健壯的性狀來推動的，例如對害蟲、疾病和惡劣天氣條件的抵抗力。隨著產量的增加，農民能夠在單位土地上生產更多的苜蓿，從而提高效率並降低成本。這反過來又使苜蓿對於需要可靠、具有成本效益的優質飼料來源的畜牧農民來說成為更具吸引力的選擇。產量的增加也減少了苜蓿種植的土地足跡，這可以使其在可耕地有限的地區更具永續性和吸引力。可用性的增加和成本的降低，加上苜蓿已知的營養價值，可能會推動全球對該作物的需求激增。非傳統產業的需求也有可能增加，例如生質燃料生產，可以利用苜蓿的高生質能產量。因此，由於基因改造而提高的苜蓿產量可能會導致其全球需求的大幅成長。

苜蓿 Monegros SL
- Business Overview
- Service Offerings
- Recent Developments
- Key Personnel
- SWOT Analysis
裡維納（澳洲）有限公司
麥克拉肯乾草公司
立方乾草公司
M&C 乾草
史丹利乾草公司
安德森乾草與穀物公司
海金多姆公司
阿爾達拉 ACX 全球公司
SL 福倫公司

第 14 章：策略建議

第 15 章：關於我們與免責聲明

簡介目錄

Product Code: 1299

Global Alfalfa Market has valued at USD 8.84 Billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 6.61% through 2028. Alfalfa, also known as lucerne, is a valuable forage source derived from the alfalfa plant. It is widely utilized in livestock feed for ruminants, cattle, poultry, and horses, and is available in bales, pellets, and cubes. Alfalfa hay boasts a high content of energy, protein, fiber, calcium, vitamins, and minerals. The production process involves harvesting the crop with a swather and sun drying it in strips, which are then mechanically compressed into bales and further processed into smaller cubes and pellets. Compared to traditional grass hay, alfalfa hay offers superior nutrient content and palatability. Additionally, it finds application in the manufacturing of nutritional supplements to enhance growth and bolster the immune system in animals.

Key Market Drivers

Enhanced Yield of Alfalfa Due to Genetic Modifications

Market Overview
Forecast Period	2024-2028
Market Size 2022	USD 8.84 Billion
Market Size 2028	USD 12.91 Billion
CAGR 2023-2028	6.61%
Fastest Growing Segment	Asia Pacific
Largest Market	North America

Genetic modification has the potential to significantly increase the yield of Alfalfa, a key fodder crop globally. Enhanced yield is driven by the introduction of traits that make the crop more robust, such as resistance to pests, diseases, and adverse weather conditions. As the yield increases, farmers are able to produce more Alfalfa per unit of land, thereby increasing efficiency and reducing costs. This, in turn, makes Alfalfa a more attractive option to livestock farmers who require a reliable, cost-effective source of high-quality feed. Increased yield also reduces the land footprint of Alfalfa cultivation, which could make it more sustainable and appealing in regions where arable land is limited. Increased availability and decreased cost, coupled with the known nutritional benefits of Alfalfa, could drive a surge in demand for this crop worldwide. There is also potential for increased demand from non-traditional sectors, such as biofuel production, where Alfalfa's high biomass yield could be leveraged. Thus, the enhanced yield of Alfalfa due to genetic modifications could result in a considerable growth in its global demand.

Increasing Use of Alfalfa in Pharmaceuticals

The global demand for Alfalfa is projected to experience a significant surge, fueled in part by its growing usage in the pharmaceutical industry. Alfalfa, recognized for its rich composition of vitamins, minerals, and protein, has proven to offer numerous therapeutic benefits. It shows promise in lowering cholesterol levels, managing blood sugar and providing relief from certain digestive disorders, which explains its increasing incorporation in drug production. Moreover, the emerging trend of adopting natural ingredients in medicinal formulations further boosts its appeal. As pharmaceutical companies expand their research and product portfolio, the demand for Alfalfa is expected to rise correspondingly. Furthermore, the global push towards sustainable practices and plant-based solutions also contributes to this trajectory. The rising consumer consciousness about the side-effects of synthetic drugs and a shift towards organic, plant-derived treatments are also instrumental in propelling this trend. Thus, Alfalfa's role in pharmaceutical applications serves as a key driver in fostering its global demand.

Expansion of the Animal Feed Industry

The global expansion of the animal feed industry is expected to significantly increase the demand for alfalfa worldwide. As a high-protein forage, alfalfa is a crucial component in the diets of dairy and meat animals, contributing to their growth, health, and productivity. The burgeoning animal feed industry, driven by rising meat and dairy consumption, necessitates higher yields of alfalfa to meet the nutritional needs of these animals. Additionally, the escalating global population and the subsequent surge in food demand act as catalysts for the growth of this industry. The expansion of the livestock sector in emerging economies, coupled with the advent of intensive farming practices, further accentuates this rise in demand. Consequently, alfalfa producers worldwide stand to gain from this growth, prompting increased cultivation and production. However, this also necessitates the adoption of sustainable farming practices to mitigate any potential environmental impacts. In conclusion, the expansion of the animal feed industry is set to propel the global demand for alfalfa, underlining its critical role in the future of animal agriculture.

Increased Adoption of Crop Rotation Methods

The global demand for alfalfa is predicted to rise significantly due to the increased adoption of crop rotation methods by farmers worldwide. Crop rotation, a practice that involves the sequential cultivation of different crops in the same area, enhances soil fertility and reduces soil erosion. Alfalfa, with its deep root system, is a popular choice in crop rotation programs due to its ability to improve soil structure, increase organic matter, and reduce weed and pest problems. As farmers increasingly appreciate these benefits, the demand for alfalfa is soaring. Furthermore, alfalfa is a high-yield crop that provides significant economic return per acre. It serves as a high-quality feedstock for dairy and meat industries, further driving its global demand. The escalating trend in organic farming, which heavily relies on crop rotation, is another factor that is pushing the alfalfa market upwards. Therefore, the increased adoption of crop rotation methods worldwide is likely to fuel the demand for alfalfa, contributing to global market growth.

Key Market Challenges

Varying Climatic Conditions

Alfalfa, a high-yield plant integral to the agriculture industry, is vulnerable to changes in climate conditions. Unpredictable weather patterns and increasing instances of extreme weather events can severely hamper alfalfa's growth. Prolonged periods of drought, for instance, could lead to inadequate water supply for irrigation, thus reducing crop yields. Conversely, excessive rainfall might lead to waterlogging and increased susceptibility to diseases, negatively impacting the quality and quantity of alfalfa production. Moreover, variations in temperature can also influence the growth cycle of alfalfa, with excessively high or low temperatures potentially leading to decreased crop productivity.

Global climate change, characterized by these unpredictable weather patterns, therefore poses a significant threat to alfalfa production. As the frequency and severity of such weather events increase, it is plausible that the global demand for alfalfa will decrease. This is because the feasibility of consistent and large-scale alfalfa production becomes increasingly uncertain in the face of such climatic variability. Additionally, the impact of climate change on alfalfa yield could make the crop less profitable for farmers, who may then opt for more climate-resilient alternatives. Thus, the ongoing changes in global climate have the potential to significantly decrease the demand for alfalfa worldwide.

Pest and Disease Attacks

Alfalfa, a high-yielding forage crop, often experiences pest and disease attacks that may significantly impact its global demand. Pests and diseases not only deteriorate the quality of alfalfa but also reduce its yield, thus diminishing its economic viability. Aphids, leafhoppers, and weevils, some of the common pests, can cause severe damage to alfalfa crops, leading to substantial losses in yield. Fungal diseases like Anthracnose, Phytophthora root rot, and Aphanomyces root rot further compromise the health and productivity of these crops. As the prevalence of such pests and diseases increases, the cost of mitigation grows correspondingly, making alfalfa cultivation less profitable for farmers. This reduction in profitability can subsequently lead to decreased cultivation, thereby lowering the global supply of alfalfa. Furthermore, the compromised quality of pest-and-disease-affected alfalfa makes it less desirable to consumers, leading to a decrease in demand. In severe scenarios, the inability to control these infestations could cause the complete abandonment of alfalfa as a viable crop, leading to a significant decrease in its global demand. Therefore, it is crucial to implement effective pest and disease management strategies to maintain the demand for alfalfa and ensure its sustainability as a global crop.

Key Market Trends

Growing Export & Import Trade of Alfalfa

With the escalating global demand for dairy and meat products, the trade of Alfalfa, a high-quality forage frequently used in animal diets, is expected to surge. The expansion of the export and import trade of Alfalfa is likely to boost its demand worldwide. Countries with favorable growing conditions are increasing their Alfalfa production to meet international needs. On the import front, nations with burgeoning dairy and meat industries are seeking high yield forages to supplement animal feeds.

For instance, Middle Eastern and Asian countries, where the conditions for Alfalfa cultivation are less than optimal, import it in large quantities to support their dairy and meat production. Similarly, countries like the USA and Canada, having favorable conditions for Alfalfa production, are escalating their export capacities to meet this rising demand.

The international trade of Alfalfa is not merely limited to the supply-demand dynamic. It also includes quality considerations. As nations become more conscious of the nutritional value of animal feeds, the demand for high-quality forage like Alfalfa is expected to rise. Ultimately, the growing export and import trade of Alfalfa, driven by increasing global demands for quality dairy and meat products, is likely to significantly boost the worldwide demand for Alfalfa.

Increased Investments in Agricultural Research & Development

Increased investments in agricultural research and development (R&D) are set to boost global demand for Alfalfa in several ways. Initially, these investments allow for the development of more resilient and productive Alfalfa strains. Through genetic modification and selective breeding, researchers can enhance Alfalfa's tolerance to varying climatic conditions, pests, diseases and also increase its nutritional content. These improvements make the crop more appealing to farmers globally, leading to increased cultivation and consequently, increased demand.

Furthermore, R&D can lead to advancements in Alfalfa processing and storage techniques. This reduces post-harvest losses, ensuring more of the crop reaches the market, thereby increasing its availability and demand. Additionally, the development of innovative uses for Alfalfa in industries such as biofuel, pharmaceuticals and cosmetology, could open up new markets, further driving global demand. R&D plays a crucial role in informing agricultural policies and practices. Data gathered from research can convince policymakers of the benefits of promoting Alfalfa cultivation, leading to favorable policies like subsidies or grants, which can stimulate production and demand. Thus, increased investments in agricultural R&D are integral to elevating the global demand for Alfalfa.

Segmental Insights

Product Type Insights

Based on the Product Type, Bales hold the dominant position in the global alfalfa market. This supremacy can be attributed to their widespread use in dairy and livestock feeding routines due to their easy storage and transportation compared to pellets and cubes. In addition to their convenience, bales are often preferred because they retain more of the original plant's nutritional content, making them a superior choice for enhancing the diet of various livestock species. The compacted nature of bales helps to preserve the natural freshness of the alfalfa, ensuring that the animals receive the maximum benefit from its nutrients. Moreover, the dense and tightly packed structure of bales provides a consistent source of feed, reducing the risk of spoilage and ensuring that the animals have access to high-quality nutrition throughout the year. This makes bales a reliable and efficient option for farmers and livestock owners, enabling them to optimize their feeding practices and maintain the health and productivity of their animals.

Application Insights

Based on the Application, the Dairy Cow Feed segment holds a prominent position in the animal feed industry, thanks to the unrivaled nutritional value offered by alfalfa. This remarkable dominance can be attributed to the exceptional benefits that alfalfa provides in promoting the overall health and productivity of dairy cows. Alfalfa, widely recognized for its rich content of fiber, proteins, vitamins, and minerals, plays a vital role in ensuring the well-being of dairy cows. It not only supports their nutritional needs but also significantly contributes to enhancing their milk production capabilities. The high fiber content aids in the proper digestion of feed, while the proteins and vitamins present in alfalfa offer essential nutrients for the cows' growth and development. Additionally, the mineral content in alfalfa helps maintain the cows' bone health and strengthens their immune system.

The exceptional qualities of alfalfa have made it the preferred choice of dairy farmers worldwide. Its inclusion in the feed not only ensures the sustainable growth and prosperity of the dairy industry but also ensures that dairy cows are provided with the best possible nutrition for their optimal health and performance. The high nutritional value and numerous benefits of alfalfa make it an indispensable component of the Dairy Cow Feed segment. Its inclusion in the feed not only supports the well-being of dairy cows but also plays a vital role in enhancing milk production and contributing to the overall growth and success of the dairy industry.

Regional Insights

The North American region, particularly the United States, is currently dominating the Global Alfalfa Market. With its favorable climate, extensive farming infrastructure, and high demand for alfalfa in the livestock industry, the United States has solidified its position as the world's largest producer and exporter of this valuable crop. The rich and fertile soils, coupled with advanced agricultural practices, contribute to the high-quality alfalfa yield, making it a preferred choice for both domestic consumption and international trade. This dominance in the global market has not only boosted the agricultural sector but also played a vital role in supporting the livestock industry, providing essential feed for dairy cows, beef cattle, and other livestock around the world.

Key Market Players

Alfalfa Monegros SL

Riverina (Australia) Pty

Mc Cracken Hay Company

Cubeit Hay Company

M&C Hay

Standlee Hay Company

Anderson Hay & Grain Inc.

Haykingdom Inc.

Al Dahra ACX Global, Inc.

SL Follen Company

Report Scope:

In this report, the Global Alfalfa Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Alfalfa Market, By Product Type:

Bales
Pellets
Cubes

Alfalfa Market, By Application:

Dairy Cow Feed
Cattle & Sheep Feed
Pig Feed
Horse Feed
Poultry Feed
Others

Alfalfa Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia-Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
Turkey
Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Alfalfa Market.

Available Customizations:

Global Alfalfa market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validations
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
3.6. Voice of Customer

4. Global Alfalfa Market Outlook

4.1. Market Size & Forecast
- 4.1.1. By Value
4.2. Market Share & Forecast
- 4.2.1. By Product Type (Bales, Pellets, Cubes)
- 4.2.2. By Application (Dairy Cow Feed, Cattle & Sheep Feed, Pig Feed, Horse Feed, Poultry Feed, Others)
- 4.2.3. By Region
- 4.2.4. By Company (2022)
4.3. Market Map

5. North America Alfalfa Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Product Type
- 5.2.2. By Application
- 5.2.3. By Country
5.3. North America: Country Analysis
- 5.3.1. United States Alfalfa Market Outlook
  - 5.3.1.1. Market Size & Forecast
    - 5.3.1.1.1. By Value
  - 5.3.1.2. Market Share & Forecast
    - 5.3.1.2.1. By Product Type
    - 5.3.1.2.2. By Application
- 5.3.2. Canada Alfalfa Market Outlook
  - 5.3.2.1. Market Size & Forecast
    - 5.3.2.1.1. By Value
  - 5.3.2.2. Market Share & Forecast
    - 5.3.2.2.1. By Product Type
    - 5.3.2.2.2. By Application
- 5.3.3. Mexico Alfalfa Market Outlook
  - 5.3.3.1. Market Size & Forecast
    - 5.3.3.1.1. By Value
  - 5.3.3.2. Market Share & Forecast
    - 5.3.3.2.1. By Product Type
    - 5.3.3.2.2. By Application

6. Europe Alfalfa Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Application
- 6.2.3. By Country
6.3. Europe: Country Analysis
- 6.3.1. Germany Alfalfa Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Product Type
    - 6.3.1.2.2. By Application
- 6.3.2. United Kingdom Alfalfa Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Product Type
    - 6.3.2.2.2. By Application
- 6.3.3. Italy Alfalfa Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecasty
    - 6.3.3.2.1. By Product Type
    - 6.3.3.2.2. By Application
- 6.3.4. France Alfalfa Market Outlook
  - 6.3.4.1. Market Size & Forecast
    - 6.3.4.1.1. By Value
  - 6.3.4.2. Market Share & Forecast
    - 6.3.4.2.1. By Product Type
    - 6.3.4.2.2. By Application
- 6.3.5. Spain Alfalfa Market Outlook
  - 6.3.5.1. Market Size & Forecast
    - 6.3.5.1.1. By Value
  - 6.3.5.2. Market Share & Forecast
    - 6.3.5.2.1. By Product Type
    - 6.3.5.2.2. By Application

7. Asia-Pacific Alfalfa Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Application
- 7.2.3. By Country
7.3. Asia-Pacific: Country Analysis
- 7.3.1. China Alfalfa Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Product Type
    - 7.3.1.2.2. By Application
- 7.3.2. India Alfalfa Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Product Type
    - 7.3.2.2.2. By Application
- 7.3.3. Japan Alfalfa Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Product Type
    - 7.3.3.2.2. By Application
- 7.3.4. South Korea Alfalfa Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Product Type
    - 7.3.4.2.2. By Application
- 7.3.5. Australia Alfalfa Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Product Type
    - 7.3.5.2.2. By Application

8. South America Alfalfa Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Application
- 8.2.3. By Country
8.3. South America: Country Analysis
- 8.3.1. Brazil Alfalfa Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Product Type
    - 8.3.1.2.2. By Application
- 8.3.2. Argentina Alfalfa Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Product Type
    - 8.3.2.2.2. By Application
- 8.3.3. Colombia Alfalfa Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Product Type
    - 8.3.3.2.2. By Application

9. Middle East and Africa Alfalfa Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Application
- 9.2.3. By Country
9.3. MEA: Country Analysis
- 9.3.1. South Africa Alfalfa Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Product Type
    - 9.3.1.2.2. By Application
- 9.3.2. Saudi Arabia Alfalfa Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Product Type
    - 9.3.2.2.2. By Application
- 9.3.3. UAE Alfalfa Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Product Type
    - 9.3.3.2.2. By Application
9.4. Drivers
9.5. Challenges

10. Market Trends & Developments

10.1. Recent Development
10.2. Mergers & Acquisitions
10.3. Product Launches

11. Global Alfalfa Market: SWOT Analysis

12. Porter's Five Forces Analysis

12.1. Competition in the Industry
12.2. Potential of New Entrants
12.3. Power of Suppliers
12.4. Power of Customers
12.5. Threat of Substitute Products

13. Competitive Landscape

13.1. Alfalfa Monegros SL
- 13.1.1. Business Overview
- 13.1.2. Service Offerings
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel
- 13.1.5. SWOT Analysis
13.2. Riverina (Australia) Pty
13.3. Mc Cracken Hay Company
13.4. Cubeit Hay Company
13.5. M&C Hay
13.6. Standlee Hay Company
13.7. Anderson Hay & Grain Inc.
13.8. Haykingdom Inc.
13.9. Al Dahra ACX Global, Inc.
13.10. SL Follen Company