The North America Silage Inoculant Market was worth USD 64.86 million in 2018 and estimated to be growing at a CAGR of 3.90%, to reach USD 78.53 million by 2023. 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.
The North America Silage Inoculant market is segmented based on type and application. On the basis of type, the market is segmented into Lactobacillus plantarum, Pediococcus pentosaceus, Enterococcus faecium, Lactobacillus buchneri, Lactobacillus brevis, Propionibacteria freundenreichii, and others. On the basis of application, the market is segmented into Cereal crops, Pulse Crops, and others. Among Inoculants, Lactobacillus plantarum leads the market. In the application segment, Cereal is the most commonly applied crop with silage inoculants.
The North America market has been geographically segmented into segmented into US and 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.
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.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Lactobacillus plantarum
5.1.2 Pediococcus pentosaceus
5.1.3 Enterococcus faecium
5.1.4 Lactobacillus buchneri
5.1.5 Lactobacillus brevis
5.1.6 Propionibacteria freundenreichii
5.1.7 Others
5.2 By Application
5.2.1 Cereal crops
5.2.2 Pulse Crops
5.2.3 Others
6. Geographical Analysis
6.1 Introduction
6.2 United States
6.3 Canada
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Cargill Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 ADM
8.3 Dupont
8.4 Volac
8.5 Nutreco
8.6 Lallemand
8.7 ForFarmers
8.8 CHr.Hansen
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
