Global Silage Inoculants & Enzymes Market: Overview
Silage inoculants consist of bacteria, which control fermentation process of the silage and supports better crop preservation. Often silage inoculants enhance the rate of fermentation in silage and enzymes and break down few of the fibers and starch in the silage. A good quality of silage inoculants helps in efficient and faster fermentation. It results in minimum energy loss, low dry matter waste, and improved animal performance. Silage inoculants can reduce silage shrink and enhance silage quality, which results in improved efficiency of milk or meat production.
Global Silage Inoculants & Enzymes Market: Growth Factors
Some of the factors are responsible for the growth in the silage inoculants & enzymes market are rising livestock population, compound feed prices, and increasing feed grains. In addition, growing R&D investment in feed industries may influence the global silage inoculants & enzymes market in future. However, unwillingness for the adoption of silage inoculants & enzymes and high cost required to set up are some restraining factors of the global market. Huge competition can be seen in both, small and big enterprises, which is expected to boost the global silage inoculants & enzymes market growth in future. Company focuses are to enhance revenue by adopting new strategies such as mergers & acquisitions, new product launches, and partnerships & expansions. This is ensuring the growth in the global silage inoculants & enzymes market.
Global Silage Inoculants & Enzymes Market: Segmentation
The global silage inoculants & enzymes market is categorized based on enzyme as starch digesting and fiber digesting. Based on species, the global market is divided as pediococcus, enterococcus, and lactobacillus. The global silage inoculants & enzymes market is fragmented based on inoculant type as heterofermentative and homofermentative. Furthermore, the global market is bifurcated based on crop type as sorghum, clovers, corn, alfalfa, and others.
Global Silage Inoculants & Enzymes Market: Regional Analysis
North America holds the largest market share in the global silage inoculants & enzymes market owing to growing popularity of the processed corn silage. They are broadly used in processing equipment, larger farms, and custom harvesters. In the U.S., corn along with grass forages and legumes, sorghum, and small grains are reaped as silage. The silage inoculants & enzymes market is expected to grow in the next few years in the North America owing to decreasing pastureland and grazing area.
Global Silage Inoculants & Enzymes Market: Competitive Players
Some of the leading players in the global silage inoculants & enzymes market are Chr. Hansen A/S, Micronbio-systems, Addcon Group GmbH, Lallemand Inc., Biotal, Kemin, and Agri-King Inc. Others key players in the global market are Winovazyme, Archer Daniels Midland Company, Schamann BioEnergy GmbH, and Ecosyl.
Global Silage Inoculants & Enzymes Market: Regional Segment Analysis
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