Silage Inoculant Market Competitive landscape analysis
The Global Silage Inoculant Market was worth $249.84 million in 2016 and estimated to be growing at a CAGR of 4.10%, to reach $305.43 million by 2021.
(EMAILWIRE.COM, October 05, 2017 ) Silage Inoculants market are the microbial inoculants. They improve silage quality and control the preservation process of forage ensuring maximum nutrients retention at the time of feeding. Silage improves the animal performance and health; subsequently improving the yield and quality of food from animal origin.
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Silage Inoculants are used in treating crops with sufficient water soluble carbohydrates and moisture content. Fermentation of silage is a very uncontrollable process which leads to nutritional losses in the silage. Silage inoculants products are slowly gaining attention of consumers as it is a cost effective solution. The Silage Inoculant market is developing at a significant rate due to the increase in the livestock population.
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The growth of the Global Silage Inoculant market is majorly driven by factors such as the growth in global meat consumption, increase in mass production of meat, and improvement in quality of silage. Globally increasing population is also supporting growth of the world meat market, ultimately increasing demand for the Silage Inoculants. Factors such as lack of awareness about the silage inoculants among livestock farmers and improper fermentation of forage due to less efficiency of the silage inoculants in fermentation process of silage crops are restraining the growth of the market. Increasing demand for compound feed & feed additives is another major factor restricting the growth of this market.
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The Global Silage Inoculant market is segmented based on type and application. On the basis of type, the global Silage Inoculant market is segmented into Lactobacillus plantarum, Pediococcus pentosaceus, Enterococcus faecium, Lactobacillus buchneri, Lactobacillus brevis, Propionibacteria freundenreichii, and others. On the basis of application, the market is segmented into Cereal crops, Pulse Crops, and others. Among Inoculants, Lactobacillus plantarum has the major share of 24% as they exhibit more efficiency in fermentation. However, Lactobacillus bucherni is expected to grow at the fastest CAGR because of higher efficiency. In the application segment, Cereal is the most widely applied crop with silage inoculants.
The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. North America accounted for the largest share in the global Silage Inoculant market, accounting for around 26% of the global market. The Asia-Pacific region is expected to offer lucrative growth opportunities, owing to the considerable increase in meat production, growing industrialization in livestock industry, and unpredictable weather leading to more damaged crops.
Some of the major companies dominating this market are Cargill, ADM, Dupont, Volac, Nutreco, Lallemand, ForFarmers, CHr.Hansen and others. Existing companies such as ADM and Nutreco have been actively involved in acquisition of regional players to strengthen their market presence. Key strategies such as investments in R&D are being employed by major companies to meet the growing Silage Inoculant demand.
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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business 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.
View Full Report @ http://www.marketdataforecast.com/market-reports/global-silage-inoculant-market-568/
Silage Inoculants are used in treating crops with sufficient water soluble carbohydrates and moisture content. Fermentation of silage is a very uncontrollable process which leads to nutritional losses in the silage. Silage inoculants products are slowly gaining attention of consumers as it is a cost effective solution. The Silage Inoculant market is developing at a significant rate due to the increase in the livestock population.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/global-silage-inoculant-market-568/request-sample
The growth of the Global Silage Inoculant market is majorly driven by factors such as the growth in global meat consumption, increase in mass production of meat, and improvement in quality of silage. Globally increasing population is also supporting growth of the world meat market, ultimately increasing demand for the Silage Inoculants. Factors such as lack of awareness about the silage inoculants among livestock farmers and improper fermentation of forage due to less efficiency of the silage inoculants in fermentation process of silage crops are restraining the growth of the market. Increasing demand for compound feed & feed additives is another major factor restricting the growth of this market.
Inquire before buying @ http://www.marketdataforecast.com/market-reports/global-silage-inoculant-market-568/inquire
The Global Silage Inoculant market is segmented based on type and application. On the basis of type, the global Silage Inoculant market is segmented into Lactobacillus plantarum, Pediococcus pentosaceus, Enterococcus faecium, Lactobacillus buchneri, Lactobacillus brevis, Propionibacteria freundenreichii, and others. On the basis of application, the market is segmented into Cereal crops, Pulse Crops, and others. Among Inoculants, Lactobacillus plantarum has the major share of 24% as they exhibit more efficiency in fermentation. However, Lactobacillus bucherni is expected to grow at the fastest CAGR because of higher efficiency. In the application segment, Cereal is the most widely applied crop with silage inoculants.
The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. North America accounted for the largest share in the global Silage Inoculant market, accounting for around 26% of the global market. The Asia-Pacific region is expected to offer lucrative growth opportunities, owing to the considerable increase in meat production, growing industrialization in livestock industry, and unpredictable weather leading to more damaged crops.
Some of the major companies dominating this market are Cargill, ADM, Dupont, Volac, Nutreco, Lallemand, ForFarmers, CHr.Hansen and others. Existing companies such as ADM and Nutreco have been actively involved in acquisition of regional players to strengthen their market presence. Key strategies such as investments in R&D are being employed by major companies to meet the growing Silage Inoculant demand.
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business 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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Market Data Forecast.
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results