Global Silage Inoculants Market: By Product Type Heterofermentative Silage Inoculants, Homofermentative Silage Inoculants, By Crop Type Corn, Alfalfa, Sorghum, Barley, Legumes, Others, By Species Type Lactobacillus, Enterococcus, Pediococcus, By Enzyme Type Starch Digesting, Fiber Digesting, and Geography Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Market Dynamics: Silage Inoculants Market
Silage inoculants are the agents used in controlling the fermentation of silage and improve their quality. Fermentation of the silage is an uncontrollable process that leads to loss of nutrients in the silage. These are used in the crops with sufficient moisture content and water-soluble carbohydrates. Escalation in the number of livestock farms, fluctuations in the environment, and increase in the awareness about silage inoculants in developed and developing countries, high cost of forage and feed inputs are anticipated to fuel the silage inoculants market over the forecast period. Moreover, Rise in population demanding for healthy meat, advantages of silage inoculants, and availability of cost effective silage inoculants are expected to propel the silage inoculants market. However, lack of awareness about silage inoculants in livestock farmers, rise in demand for compound feed and additives, stringent regulatory guidelines for silage inoculants usage, and poor efficiency of silage inoculants may restrain the growth of silage inoculants market.
Based on the enzyme, the market is segmented into the following: Starch Digesting Fiber Digesting
Based on the region, the market is segmented into the following: North America Europe Asia Pacific Latin America Middle East and Africa
Regional Analysis: Silage Inoculants Market Geographically, global silage Inoculants market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa regions. North America silage inoculants market is growing due to increase in the crop production majorly alfalfa and sorghum, escalation in the industrial production of livestock, increase in the demand for healthy meat in U.S. and Canada, and presence of huge number of market players in the region expected to fuel the market. Europe silage inoculants market is growing due meat industry, innovation of newer silage inoculants with improved efficiency, and increase in the demand for agriculture production due to rise in population are boost the market. Asia Pacific silage inoculants market is rising due to increase in the demand for meat and livestock products in China and India, industrialization of livestock products, adoption of the intensive farming system, and improve in the silage quality are propel the market. Latin America silage inoculants market has a significant growth due to increase in the awareness about the silage inoculants in Brazil, rise in demand for animal protein, and rise in production and consumption of meat. Middle East and Africa silage inoculants market is poised to grow due to rise in demand for healthy meat in Gulf Cooperation Council GCC countries, rise in adoption of silage inoculants, and rise in awareness about the inoculants in South Africa are boost the market.
Competition Assessment: Silage Inoculants Market
Key players profiles in the global silage Inoculants market include: DuPont, Pioneer DuPont U.S. Lallemand, Inc. U.S. Hansen A/S Denmark Volac International Limited U.K. Micron BioSystems U.S. Nutreco N.V. Netherlands BioZyme, Inc. U.S. American Farm Products U.S. Schaumann Agri Germany
Notable Market Developments: Silage Inoculants Market In March 2018, Schaumann Agri launched two new silage inoculants Bonsilage and Bonsilage Fit G in U.K.
Key Features of the Report: The report provides granular level information about the market size, regional market share, historic market 20132017 and forecast 20182024 The report covers in detail insights about the competitors overview, company share analysis, key market developments, and their key strategies The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market The report tracks recent innovations, key developments and startups details that are actively working in the market The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario The report analyses the impact of sociopolitical environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market
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