Market Highlights

Global Silage Inoculants Market has witnessed continued growth over the last few years and is projected to grow by USD 147.27 Million from 2018 to 2025 at a CAGR of 5.5%. The demand for silage inoculants is exceptionally high in developed regions such as North America and Europe. However, the use of silage inoculants is low in developing and underdeveloped economies owing to several factors. Limited awareness of the benefits of Silage Inoculants Type Industry has resulted in the reluctance of farmers to change traditional and conventional practices. Farmers and growers of livestock in developing economies widely use organic acids in the fermentation process of silage. Moreover, the availability of silage inoculants is low in underdeveloped economies. Key manufacturers of silage inoculants can find lucrative opportunities to expand their presence in such countries by introducing new products. Moreover, the players in the global silage inoculants market can run marketing campaigns to increase awareness of the benefits of silage inoculants.

Segmental Analysis

The Global Silage Inoculants Market has been segmented on the basis of Type, Form, Application, and Region.

Based on type, the global market has been divided into homo-fermentative, hetero-fermentative, and homo- & hetero-fermentative. In terms of revenue, the homo-fermentative segment dominated the global silage inoculants market in 2018. However, the hetero-fermentative segment is projected to register the highest CAGR of 5.8% during the forecast period. Homo-fermentative inoculants reduce nutrient losses in ensiled forage by increasing the pace of lactate production and acidification. The bacterial strains used as homo-fermentative inoculants are Lactobacillus plantarum, Pediococcus acidilactici, P. pentosacceus, Enterococcus faecium, L. delbrueckii, L. casei, and L. rhamnosus.

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Key Players

Market Research Future recognizes Addcon GmbH (Germany), Agri-King, Inc. (US), Biomin Holding GmbH (Austria), Josera GmbH & Co. KG (Germany), Micron Bio-Systems (US), CHR. Hansen (Denmark), Lallemand Inc. (Canada), Cargill Inc. (US), DuPont de Nemours, Inc. (US), Mole Valley Farmers Limited (UK), Volac International Ltd (UK), Wynnstay Group Plc (UK), Schaumann BioEnergy GMBH (Germany), H. Wilhelm Schaumann GmbH (Germany), American Farm Products (US), Nutreco N.V. (Netherlands), Scotmin Nutrition (UK), Microferm Ltd. (UK), and Kemin Industries, Inc. (US) as the Key Players active in the Global Silage Inoculants Market.

Segmentation

The global silage inoculant market has been segmented on the basis of type, form, application, and region.

Based on type, the market has been segregated into homo-fermentative, hetero-fermentative, and homo- & hetero-fermentative. The homo-fermentative segment dominated the market with a share of nearly 60% in 2018. By form, the global market has been segregated into dry and liquid. The liquid segment dominated the market in 2018 and is expected to register a higher CAGR during the forecast period. 

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Silage Inoculants Market

Silage inoculants are important for animal nutrition since they improve silage quality and control the preservation process, so that it can be used further for feeding livestock. Increased focus on enhancing feed utilization and improvising animal health are driving the growth of the silage inoculants market. Additionally, rising consumption of biofuels is fueling the growth of the Silage Inoculants Type Industry especially in the developed countries. Moreover, the demand for meat is increasing due to continuously growing population, changing lifestyle and cultural trends, which is boosting the growth of the market.

Silage is a plant material that has undergone fermentation. It is used as cattle feed. The primary objective of silage production is to maximize the preservation of original nutrients in the forage crop for feeding the livestock later. Silage is also one of the sources of biofuel. Silage inoculants are added to the forage to control the fermentation process of silage and also to enhance the nutritive value and hygiene of silage.

Key Players:
Some of the key players profiled in the global silage inoculants market:  Cargill Inc. (U.S.), E. I. du Pont de Nemours and Company (U.S.), Agri-King Inc. (U.S.), Biomin Holding GmbH (Austria), ADM Animal Nutrition, Inc. (U.S.), Brett Brothers Ltd. (Ireland), ForFarmers N.V. (the Netherlands), Chr. Hansen Holding A/S (Denmark), Kemin Industries, Inc. (U.S.), Volac International Ltd. (U.K)

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Segments:

Silage inoculants are segmented based on crop type, which includes alfalfa, sorghum, corn, clover, and others. Among all, alfalfa crop segment is dominating the market. The foremost reason for this growth is its increased use in the animal feed preparation.

Silage inoculants are segmented based on bacterial species, which includes Lactobacillus, Enterococcus, Pediococcus, and other bacterial species. Among all, the Lactobacillus species segment is dominating the market owing to high efficiency towards fermentation. Also, Lactobacillus species helps in maintaining the aerobic stability of forage.

Regional Analysis:

However, Asia Pacific region is expected to be the fastest growing market during the forecast period. Furthermore, increasing consumption of meat and meat products in the growing population is driving the silage inoculants market. The U.S., Germany, the U.K., Belgium, and France are the major importers of silage inoculants.

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The global silage inoculants market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American market holds the major share of market followed by Europe. Rising demand for animal protein in the region has exerted pressure on livestock farmers. This situation has generated an opportunity for silage inoculants manufacturers. Additionally, increasing the focus of government on feed cost reduction and boosting animal productivity is driving the silage inoculants market in these regions.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.