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Silage Inoculants & Enzymes Market by Type, Species, Enzymes, Crop-type, & by Geography - Global Trends and Forecast to 2020

Silage Inoculants & Enzymes Market: Forecast until 2020

  • July 2015
  • 185 pages
  • ID: 3090182
In this report:
According to the International Feed Industry Federation (IFIF), the global compound feed production is growing at a fast pace and is estimated at about ## billion tons annually (2013) with an annual growth of ##%.
According to the National Agricultural Statistics Service (NASS), corn silage production was ## million tons in 2004, down ##% from 2005.

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Silage inoculants are a type of additives which contain anaerobic lactic acid bacteria used to growth the fermentation rate in silage. The inoculants help in preserving more nutrients and dry matter, thereby improving animal performance. Some inoculants have also been designed to specifically improve the aerobic stability. The silage inoculants are added at an important rate to compete against the harmful organisms and control the ensiling process.

Key industry actors invest extensively in R&D initiatives to extend their products review. Continuous investments in new product improvement, product modifications, business growths, and acquisitions have expanded the scope of the sector. The addition of inoculants and enzymes in silage add different health benefits to it, which helps in growing the productivity of the animal feed. The inclusion of inoculants and enzymes help in lowering the pH value, which is helpful in keeping the livestock digestive system healthy, especially with regard to cattle.

North America continent maintains the biggest share of the overall silage inoculants & enzymes market. In the forthcoming years, the sector is forecasted to grow quickest in North American area making it the quickest revenue-generating pocket.

Silage demand has rised significantly in most parts of the world. The rising feed grains and compound feed prices is one of the main reasons for the increase ot the silage market, which in turn has fueled the silage and inoculants and enzymes demand.

The overall market is marked with intense competition due to the presence of a big number of big and small companies. New industry product developments, alliances and business developments are the top strategies approved by market actors to assure increase in the industry. The sector is leaded by, is monopolized by players including ADDCON GROUP GmbH, E. I. du Pont de Nemours and Organization, Archer Daniels Midland (NYSE:ADM), Kemin Sectors, and Chr. Hansen A/S. In this industry report, the overall silage inoculants & enzymes market is broken down into type, species, enzyme, crop-type, and area. The overall silage inoculants & enzymes market was valued at $ 387.08 million in 2014 and is expected to grow at a compound annual growth rate (CAGR) of 4.00 percent between 2015 and 2022.

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