Silage inoculants and enzymes are the largely used silage additives to preserve the crop. Silage inoculants increase the fermentation rate in silage, whereas enzymes breaks down some of the fiber and starch in the silage. Factors such as increasing feed grain and compound feed prices, increasing livestock population, decreasing grazing and pastureland area, and increasing demand for livestock production are driving the market growth
MARKET DYNAMICS
The popularity has resulted from larger farms and better availability of processing equipment for silage inoculants in the globe. Silage inoculants and enzymes have helped grow agriculture, biotechnology, and food industries over the years. Ongoing research and development of high-quality silage inoculants and enzymes further contribute to the market growth. However, the high set-up cost of ensiling and unawareness of the benefits of silage are a few restraining factors for this market.
MARKET SEGMENTATION
The global silage inoculant and enzyme market is segmented into product type, and crop type. On basis of product type silage inoculant and enzyme market is segmented into silage inoculants, and enzymes. Silage inoculants segment is further bifurcated as homofermentative and heterofermentative. Whereas enzymes segment is sub-segmented as fiber-digesting and starch digesting. And based on the crop type, the market is segmented into corn, sorghum, alfalfa, and others.
MARKET SCOPE
The "Global Silage Inoculant and Enzyme Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry, focusing on the global market trends. The report aims to overview the silage inoculant and enzyme market with detailed market segmentation by product type, crop type, and product type. The silage inoculant and enzyme market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading silage inoculant and enzyme market players and offers key trends and opportunities.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including qualitative and quantitative information. It provides an overview and forecast of the global silage inoculant and enzyme market based on various segments. It also provides market size and forecast estimates from 2019 to 2028 with respect to five major regions North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The silage inoculant and enzyme market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally and the current trend and opportunities prevailing in the region.
MARKET PLAYERS
The reports cover key developments in the silage inoculant and enzyme market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the silage inoculant and enzyme market are anticipated to witness lucrative growth opportunities in the future with the rising demand for silage inoculant and enzyme in the global market. Below mentioned is the list of a few companies engaged in the silage inoculant and enzyme market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the silage inoculant and enzyme market. In addition, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key development in the past five years.
- ADDCON GmbH
- Archer Daniels Midland Company (ADM)
- Chr. Hansen Holding A/S
- Sunson
- Kemin Industries, Inc.
- Lallemand Inc.
- Jbs
- Strong Microbials
- Biomin
- Cargill