The Middle East and Africa Silage Inoculant Market was worth USD 21.08 million in 2021 and estimated to be growing at a CAGR of 3.03%, to reach USD 31.65 million by 2026. Silage Inoculants are the microbial inoculants. They improve silage quality and control the preservation process of forage ensuring maximum nutrients retention at the time of feeding.
Silage Inoculants are used in treating crops with sufficient water soluble carbohydrates and moisture content. Fermentation of silage is a very uncontrollable process which leads to nutritional losses in the silage. Silage inoculants products are slowly gaining attention of consumers as it is a cost effective solution.
Drivers and Restraints of Middle East and Africa Silage Inoculant Market:
The growth of the Middle east and Africa Silage Inoculant market is majorly driven by factors such as the rise in meat consumption and increase in mass production of meat. Volatile economies and lack of awareness are the major hindrances for the market in this region.
Middle East and Africa Silage Inoculant Market – By Type:
Middle East and Africa Silage Inoculant Market – By Application:
The market has been geographically segmented into Middle east and Africa and is projected to be one of the fastest-growing market for Silage Inoculants. In terms of revenue, South Africa leads the market in this region. The market in this region has the lowest share due to unawareness of the farming community about the uses and benefits of Silage Inoculants.
Some of the major companies dominating this market are Cargill, ADM, Dupont, Volac, Nutreco, Lallemand, ForFarmers, CHr.Hansen and others. Existing companies such as ADM and Nutreco have been actively involved in acquisition of regional players to strengthen their market presence.
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