The South America silage inoculant market size is expected to expand at a significant CAGR of more than 4.1% during the forecast period, 2021–2028. 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.
The report on the South 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.
Attributes |
Details |
Report Title |
Silage Inoculant Market - South America Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Homo-Fermentive Bacteria and Hetero-Fermentive Bacteria), and Applications (Cereals Crops, Pulse Crops, and Other Crops) |
Geography: South America |
Brazil, Argentina, and Rest Of South Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Biomin, Lallemand Inc., ADM Animal Nutrition, Chr. Hansen Holding A/S, and Corteva Agriscience. |
Based on types, the silage inoculant 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.
Based on applications, the silage inoculant market is fragmented into cereals, pulse, 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.
On the basis of geography, the silage inoculant market is classified as Brazil, Argentina, and Rest of South Africa. Brazil is anticipated to dominate the market during the forecast period. Growth of the market is attributed to increasing range of cattle farms, rising healthy meat intake and production, and rise in focus about the silage inoculants in developing nations including Brazil and Argentina. Silage making is being historically practiced through the finer agricultural region in Brazil.
Key players competing in the silage inoculant market include Biomin, Lallemand Inc., ADM Animal Nutrition, Chr. Hansen Holding A/S, and Corteva 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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