The Europe silage inoculant market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for animal products in the livestock sector.
Silage inoculants are microbial inoculants that are used to inoculate silage. They improve silage quality and regulate the forage preservation process, ensuring that maximum nutrients are retained at feeding time.
Silage inoculants are used to treat crops that contain significant amounts of water-soluble carbohydrates and moisture. Silage fermentation is an unregulated process that results in silage nutritional losses. The cost-effectiveness of silage inoculation is increasing its preference among consumers.
The COVID-19 pandemic is projected to have a substantial influence on the market owing to the supply chain disruption of raw materials, which are required to manufacture silage inoculants and enzymes. However, the market is estimated to reach pre-COVID level by end of 2022.
Market Trends, Drivers, Restraints and Opportunities
- Increasing awareness regarding silage is expected to drive the market growth.
- Growing population and purchasing power are projected to boost the market growth.
- Lack of awareness regarding silage inoculant can hamper the market expansion during the forecast period.
- Expanding R&D investments to develop novel products is expected to create lucrative opportunities for the market players in the coming year.
Scope of Europe Silage Inoculant Market Report
The report on the Europe silage inoculant market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe Silage Inoculant Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Heterolactic Bacteria and Homolactic Bacteria) and Applications (Cereals Crops, Pulses Crops, Oilseeds Crops, and Others)
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Geographical Scope
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The UK, Italy, Russia, Spain, Germany, France and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Provita Eurotech Limited; CHR. Hansen Holdings; Lallemand Animal Nutrition
Biomin; and Mircroferm Limited
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European Silage Inoculant Market Segment Insights
Based on types, the market is divided into heterolactic bacteria and homolactic bacteria. The homolactic bacteria segment is expected to grow at a rapid pace during the forecast period owing to enhancing lactic acid generation under these shifting conditions. Furthermore, this type of bacteria assists in transformation of 6 carbon sugar to lactic acid and boosts the levels of organic lactic acid. On the other hand, the heterolactic bacteria segment is expected to grow at a substantial rate in the projected timeline.
On the basis of applications, the market is segregated into cereals crops, pulses crops, oilseeds crops, and others. The cereals crops segment is projected to expand at a considerable CAGR during the forecast period due to the increasing use of cereals in feed production. Moreover, farmers feeding livestock populace with silage inoculants is the preferred alternative for meeting expanding livestock demand as they provide natural nutrients to the animals while protecting them from spoiling or mound development.
In terms of regions, the Europe silage inoculant market is classified as the UK, Italy, Russia, Spain, Germany, France and Rest of Europe. Russia is expected to constitute a key share of the market during the projected period owing to the growing demand for meat and poultry products in the country. However, the market of UK is anticipated to expand at a rapid pace during the forecast period. Producers of silage inoculants are emphasizing on clean labelling that clearly state the nutrients and ingredients. Moreover, growing consumer awareness regarding the nutritional and ingredient composition of the foods is driving the country’s market growth.
Segments
The Europe silage inoculant market has been segmented on the basis of
Types
- Heterolactic bacteria
- Homolactic bacteria
Applications
- Cereals Crops
- Pulses Crop
- Oilseeds Crop
- Others
Geography
- UK
- Italy
- Russia
- Spain
- Germany
- France
- Rest of Europe
Key Players
Competitive Landscape
The presence of many companies in the European silage inoculant market such as Provita Eurotech Limited; CHR. Hansen Holdings; Lallemand Animal NutritionBiomin; and Mircroferm Limited. Companies are engaging in partnerships, collaborations, mergers, and acquisitions to expand their market share. Moreover, they’re increasing their production capacity to leverage their market position.
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