A recent report published by Infinium Global Research on silage inoculant and enzymes market provides in-depth analysis of segments and sub-segments in global as well as regional silage inoculant and enzymes market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional silage inoculant and enzymes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global silage inoculant and enzymes market. According to the report, the global silage inoculant and enzymes market are projected to grow at a CAGR of 3.94% over the forecast period of 2018-2024.
Silage is preserved pasture made by packing immature plants in an airtight storage container and allowing fermentation to develop acetic and lactic acids that preserve the moist feed. Addition of silage inoculants and enzymes to freshly harvested forage can increase the chance of obtaining good quality silage. The lactic acid bacteria in the silage inoculant overwhelms the natural lactic acid bacteria on the crop. Enzymes are a cost-effective supplement to be considered when used in combination with a quality silage inoculant. Enzymes in silage inoculants are primarily used to generate sugars for the inoculant bacteria to use for growth and fermentation. Silage inoculants and enzymes work by shifting silage fermentation in a direction that better preserves the crop quality. Ensiled forages account for the majority of most dairy rations around the world.
The rise in population has led to an increase in demand for food resulting in the growth of the meat and dairy industry. The increase in demand for animal nutrition for the livestock is the key driving force for the growth of silage inoculant and enzyme market. The main purpose of using silage inoculant & enzymes is to preserve and recover organic dry matter while retaining nutritional value and palatability and thereby improving animal performance. Improved silage management can have a significant impact on the overall profitability of the dairy. However, the use of silage inoculant & enzymes gives variable results and are not effective always. In addition, a lack of sufficient knowledge about such advanced agricultural products acts as a major challenge in the growth of silage additive market. Moreover, the increased research and developments in the agricultural industry and the rising demand for feedstock with better shelf-life for animal nutrition could create an opportunity for the growth of silage inoculant and enzymes market.
By geography, North America regions hold the largest market share in silage inoculant and enzymes market. Europe is one of the fastest growing regions in agricultural inoculant owing to the growth of the livestock industry. In addition, the Asia-Pacific region is also expected to gain rapid development in the silage inoculant and enzymes market owing to the rising demand for food products over the forecast period.
The report on global silage inoculant and enzymes market covers segments such as species, types, and crops. On the basis of species, the global silage inoculant and enzymes market are categorized into pediococcus, enterococcus, and lactobacillus. On the basis of types, the global silage inoculant and enzymes market are categorized into homofermentative and heterofermentative. On the basis of crops, the global silage inoculant and enzymes market are categorized into corn, alfalfa, and sorghum.
The report provides profiles of the companies in the global silage inoculant and enzymes markets such as Chr. Hansen A/S, Lallemand, Agri-King Inc., Trouwn Nutrition, Schaumann BioEnergy GmbH, Archer Daniels Midland Company, ADDCON Group GmbH, Pioneer, American Farm Products and Du Pont De Nemours and Company.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global silage inoculant and enzymes market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of silage inoculant and enzymes market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the silage inoculant and enzymes market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the silage inoculant and enzymes market to understand the present and future trends in this market and formulate their strategies accordingly.
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