North America Silage Inoculant Market

North America Silage Inoculant Market Size, Growth, Trends and Forecast:

The North America Silage Inoculant Market was worth USD 74.86 million in 2021 and estimated to be growing at a CAGR of 3.90%, to reach USD 88.53 million by 2026. Silage Inoculants expand silage quality and regulate the preservation process of forage guaranteeing maximum nutrients retention at the time of feeding.

Silage Inoculants are used in treating crops with enough 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 gradually gaining attention of customers as it is a cost effective solution.The growth of the North America Silage Inoculant market is mainly due to the rise in meat consumption, increase in population and enhancement in quality of silage. Issues such as lack of awareness and improper fermentation of forage due to less efficacy of the silage inoculants are preventing the growth of the market.

North America Silage Inoculant Market Segmentation:

North America Silage Inoculant Market – By Type:

• Lactobacillus plantarum

• Pediococcus pentosaceus
• Enterococcus faecium
• Lactobacillus buchneri
• Lactobacillus brevis
• Propionibacteria freundenreichii
• Others

North America Silage Inoculant Market – By Application:

• Cereal crops
• Pulse Crops
• Others

Geographical Analysis:

The North America market has been geographically segmented into segmented into

• US
• Canada

USA leads the market in this region and is the major market for Silage Inoculants with a share of almost 30%. The North America market is very modern and is focused on innovating cost-effective techniques. Companies are committed to research, sourcing, and quality, factors that are central to the success of the industry.

Key Players:

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. Key strategies such as investments in R&D are being employed by major companies to meet the growing Silage Inoculant demand.