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Global Silage Inoculant Market

  • Published Date: 23 Apr 2018
  • Number of Pages: 200
  • Category: Agriculture
  • Country: Global
By 2022, the Global Silage Inoculant Market is estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. Inoculants are additives used to control the fermentation process of silage and enhance their quality. When the grain crops fail due to hail damage or early frost, farmers turn the failed crops to silage or forage crops. Most farmers prefer this strategy to cover the cost of production and to achieve a profitable venture. As a result, these products are increasingly gaining the attention of livestock farmers as a cost-effective solution against feed additives. Proper fermentation of silage benefits the animal performance by boosting their immunity and, at the same time, improving the feed conversion ratio.

Market Dynamics

Rising cost of feed inputs and high cost of forage are the primary factors driving the market for silage inoculants. Additionally, the growing industrialization in livestock industry, unpredictable weather leading to more damaged crops and increased awareness among farmers across the globe are further fuelling the market size. The increasing demand for crop production and animal feeds, coupled with the need for proper storage increasesthe demand for silage inoculants in the global market.

Factors like lack of awareness about silage inoculants among livestock farmers and improper fermentation of forage due to less efficiency of inoculants are inhibiting the market growth. Moreover, the increasing popularity of compound feed and feed additives is restraining the consumption of forage, thereby affecting the inoculants consumption as well as production.

Market Segmentation

The global silage inoculants market is fragmented on the basis of type, product form, application, and distribution channel.

Type
> Lactobacillus plantarum
> Pediococcuspentosaceus
> Enterococcus faecium
> Lactobacillus buchneri
> Lactobacillus brevis
> Propionibacteriafreundenreichii
> Others
Product Form
> Wet Inoculants
> Dry Inoculants
Application
> Cereal Crops
> Pulse Crops
> Others
Distribution Channel
> Direct Sales
> Indirect Sales
Geographical Analysis

In 2015, North America dominated the global market and is expected to be the fastest-growing in the forecast period owing to increased consumer awareness and availability of advanced technology. Europe is another major consumer of silage inoculants due to rise in the cost of feed raw materials and the current trend of converting damaged field crops to forage crops.

Key Players

Biomin, Cargill, Lallemand, Chr.Hansen, and Danisco are the prominent players in the global silage inoculant market. These major brands adopt various strategies such as investments in R&D, joint ventures, expansions and acquisitions to achieve competitive advantage and to expand the business units in various geographical areas.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada


> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America


> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe


> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe


> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific


> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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