North America Silage Inoculant Market Outlook 2031
The North America Silage Inoculant Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 4.8% during the forcast period, 2023–2031. The growth of the market is attributed to the rising feed industry.
Silage inoculant improves the quality of silage and control the feed retention process to ensure maximum retention of nutrients during the feeding process. Silage inoculant is a widely used bacterial solvent used to accelerate the fermentation of farm silage.
Silage is an animal feed made from grass or other feeds and contains 30-40% moisture. Silage vaccines contain bacterial populations, such as Lactobacillus plantarum, Pediococcus, and Lactobacillus brucei. These bacteria contained in the vaccine will surpass natural lactic acid and convert carbon 6 sugars into lactic acid.
North America Silage Inoculant Market Trends, Drivers, Restraints, and Opportunities
- Increasing feed grains consumption and price is expected to boost the market during the forecast period.
- Rapid growth of the processed meat industry due to high demand of meat is major factors fueling the market.
- Increasing demand for livestock products and growing health concerns is expected to drive the market during the forecast period.
- High cost of silage inoculants and enzymes is expected to restrict the market growth.
- Lack of awareness among farmers about silage inoculants and low efficiency of silage inoculants in fermentation act as major challenges that can hamper the market growth during the forecast period.
- R&D investment and increasing efficiency of silage inoculants is projected to offer immense opportunities for the market players.
Scope of North America Silage Inoculant Market Report
The report on the North America 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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Silage Inoculant Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Homo-fermentative bacteria and Hetero-fermentative bacteria), Applications (Cereal Crops, Pulse Crops, And Others)
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Regional Scope
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North America
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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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ADM Animal Nutrition, Cargill, Agri King, Chr. Hansen Holding A/S and Crteva Agriscience
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North America Silage Inoculant Market Segment Insights
The homo-fermentive segment is projected to account for a major market share
Based on types, the market is bifurcated into homo-fermentive and hetero-fermentive. The homo-fermentive segment is expected to represent a key share of the market during the forecast period. Homo-fermentive are the most common modifiers in the market. The main purpose of the initial use of these inoculants was to make the quality of the silage plants similar to original.
Homo-fermenting bacteria achieve this goal by lowering the pH and minimizing the loss of dry matter, thereby reducing proteolysis (protein breakdown) and the formation of ammonia, and increasing acidity, lactic acid, and dry matter.
The cereal crops segment is expected to grow at a rapid pace
On the basis of applications, the North America silage inoculant market is segregated into cereal crops, pulse crops, and others. The cereal crops segment is expected to represent a key share of the market during the forecast period owing to meet the growing demand for farm animals, farmers who raise cattle. Silage inoculants are the best choice because they help provide natural nutrition for animals and protect them from spoilage or mold growth.
Approximately two thirds of the grains produced are used for animal feed production. Corn, wheat, barley, and oats are the most commonly used grains in this complex. Increased livestock demand leads to balanced feed production. Therefore, the increase in the use of grains in feed production is estimated to drive the market. However, the corn sector had the largest market share in silage inoculants and enzymes.
As grain production and consumption increase, it becomes important for farmers to pay more attention to yield and quality through the use of effective silage inoculant and enzymes. This helps fermentation with high lactic acid, low acidity and low pH. Corn plants growing in the field during harvest are covered with natural bacteria that produce lactic acid.
The market in US is projected to hold a major market share
In terms of regions, the North America silage inoculant market is classified as United States, Canada, Mexico, and Rest of North America. The United States is the major market for silage inoculants, followed by Canada and Mexico. The market is expected to grow at a CAGR of 4.5 percent during the forecast period. The main silage crops harvested in the United States are alfalfa, corn, and sorghum. In order to meet the increased demand for meat, the livestock industrial production has increased.
Segments
The North America silage inoculant market is segmented on the basis of
Types
- Homo-fermentative bacteria
- Hetero-fermentative bacteria
Applications
- Cereal crops
- Pulse crops
- Others
Regions
- United States
- Canada
- Mexico
- Rest of North America
Key Players
Competitive Landscape
Key players competing in the North America silage inoculant market include ADM Animal Nutrition, Cargill, Agri King, Chr. Hansen Holding A/S and Crteva Agriscience.
Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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