The report "Silage Inoculants & Enzymes Market by Type (Homofermentative & Heterofermentative), Species (Lactobacillus, Pediococcus & Enterococcus), Enzymes (Fibre-digesting & Starch-digesting), Crop-type, & by Geography - Global Trends and Forecast to 2020", The Silage Inoculants & Enzymes Market is estimated at USD 387.08 million in 2014 and is projected to reach a value of USD 489.05 million by 2020, at a CAGR of 4.0%.
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Factors such as increasing feed grain and compound feed prices, increasing livestock population, decreasing grazing and pasture land area, and increasing demand for livestock production are increasing the market globally. However, high set-up cost of ensiling and unawareness of the benefits of silage are a few restraining factors for this market, especially in the Asia-Pacific and Latin American region.
"Inoculants comprise of anaerobic lactic acid bacteria (LAB), used to increase the fermentation rate in silage. The inoculant added to the silage increases the fermentation rate, causing a more rapid decline in the pH level. The silage inoculants & enzymes market is projected to exhibit a growth potential (4.0%) for the next five years."
Silage inoculants consist of bacteria which are used to dominate the fermentation of the silage and further aid in better crop preservation. Silage inoculants are divided into two groups depending on how they ferment a common plant sugar, or glucose. A good silage inoculant helps in faster and more efficient fermentation. It further results in less energy and dry matter loss and better animal performance. Inoculants can decrease the silage shrink, increase silage quality, and result in the enhancement in the efficiency of milk or meat production.
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Inoculants comprise of anaerobic lactic acid bacteria (LAB), used to increase the fermentation rate in silage. The inoculant added to the silage increases the fermentation rate, causing a more rapid decline in the pH level.
The global silage inoculants & enzymes market is marked with intense competition due to the presence of a large number of both, big and small firms. New product launches, mergers & acquisitions, and partnerships and expansions are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as ADDCON GROUP GmbH (Germany), E. I. du Pont de Nemours and Company (U.S.), Archer Daniels Midland Company (U.S.), Kemin Industries (U.S.), and Chr. Hansen A/S (Denmark). Other players include companies such as Volac International Ltd. (U.K.), Agri-King Inc. (U.S.), Biomin Holding GmbH (Austria), Lallemand Inc. (Canada), and Schamann BioEnergy GmbH (Germany).
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"Europe dominated the Agriculture Industry Market in 2015."
Europe accounted for the largest market share in 2017. Europe remains one of the major markets for food & beverage disinfection manufacturers due to the established processed food & beverage industry in the region. The processed food market in Western Europe is well-established, owing to which it is expected to witness steady growth during the forecast period. Food processing manufacturers in this region look to replace traditional disinfection methods with modern ones such as UV radiation and ozone treatment. Also, international food & beverage disinfection manufacturers are investing significantly in the region. These factors have fueled the growth food & beverage disinfection market in the European region.
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Silage Inoculants & Enzymes Market worth $489.05 Million by 2020
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