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 Holding A/S, Lallemand Inc., Agri-King Inc., Trouw Nutrition USA, LLC, Schaumann BioEnergy
GmbH, Archer Daniels Midland Company, ADDCON Group GmbH, Pioneer Corporation, American Farms, LLC and E. I. 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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