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Global Silage Inoculant Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Lactobacillus Plantarum, Pediococcus Pentosaceus, Enterococcus Faecium, Lactobacillus Buchneri, Lactobacillus Brevis, Propionibacteria Freundenreichii and Others), Application (Cereal Crops, Pulse Crops and Others) and Region (North America, Europe, Asia-Pacific, Latin America, Middle East And Africa) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 518
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Silage Inoculant Market Size (2024 to 2029)

The size of the global silage inoculant market is anticipated to be valued at USD 350.56 million in 2024 and USD 428.5 million by 2029, growing at a CAGR of 4.1% from 2024 to 2029.

Silage inoculants are microbial inoculants. They improve silage quality and control the preservation process of forage, ensuring maximum nutrient retention at the time of feeding. Silage improves the animal performance and health; subsequently improving the yield and quality of food from animal origin. Silage Inoculants are used in treating crops with sufficient water-soluble carbohydrates and moisture content. Fermentation of silage is a very uncontrollable process that leads to nutritional losses in the silage. Silage inoculant products are slowly gaining the attention of consumers as they are cost-effective solutions. The silage inoculant market is developing at a significant rate due to the increase in the livestock population.

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 the quality of silage. Globally increasing population is also supporting the growth of the world meat market, ultimately increasing demand for silage inoculants.

Factors such as lack of awareness about silage inoculants among livestock farmers and improper fermentation of forage due to less efficiency of silage inoculants in the 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.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

4.10%

Segments Covered

Based on Type, Application Type, And Region.

Various Analyses Covered

Global, Regional, & Country Level Analysis; Segment-Level Analysis, DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Cargill, ADM, Dupont, Volac, Nutreco, Lallemand, ForFarmers and CHr.Hansen.

 

This research report on the global silage inoculant market has been segmented and sub-segmented based on type, application and region.

Global Silage Inoculant Market - By Type:

  • Lactobacillus Plantarum
  • Pediococcus Pentosaceus
  • Enterococcus Faecium
  • Lactobacillus Buchneri
  • Lactobacillus Brevis
  • Propion Nibacteria Freundenreichii
  • Others

Lactobacillus plantarum has a major share of 24% as it exhibits more efficiency in fermentation. However, Lactobacillus bucherni is expected to grow at the fastest CAGR because of higher efficiency.

Global Silage Inoculant Market - By Application:

  • Cereal Crops
  • Pulse Crops
  • Others

In the application segment, Cereal is the most widely applied crop with silage inoculants.

Global Silage Inoculant Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

North America accounted for the largest share of the global silage inoculant market, accounting for around 26% of the global market in 2023. The Asia-Pacific region is expected to offer lucrative growth opportunities, owing to the considerable increase in meat production, growing industrialization in the livestock industry, and unpredictable weather leading to more damaged crops.

KEY MARKET PLAYERS:

Some of the major key players involved in the global inoculant 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 the 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 demand for silage inoculants.

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FAQ's

What is the current size of the Global Silage Inoculant Market?

As of the latest available data, the global silage inoculant market size is estimated at USD 336.75 million in 2023.

Which region dominates the Global Silage Inoculant Market?

North America currently holds the largest market share in the global silage inoculant market, accounting for approximately 26% of the total market.

What are the key trends driving the growth of the silage inoculant market in Europe?

In Europe, the growing trend towards sustainable farming practices and increasing awareness of the benefits of silage inoculants for animal nutrition are major factors driving market growth.

How has the Asia-Pacific silage inoculant market evolved in recent years?

The Asia-Pacific silage inoculant market has witnessed robust growth due to the expanding livestock industry, the adoption of modern farming techniques, and the increasing demand for high-quality animal feed.

Which type of silage inoculant is most commonly used in European countries?

Lactic acid bacteria-based silage inoculants are widely used in European countries due to their effectiveness in promoting fermentation and preserving forage quality.

In application segment which crop is mostly applied in global silage inoculant market?

In the application segment, Cereal is the most widely applied crop with silage inoculants.

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