African sub-continent is highly under developed and due to poor economy, demand for meat and processed meat products is comparatively low. There is an intense competition in the silage inoculants market because of the number of small scale and large scale industries. With the advancement of technology, several scientific inventions, and urbanization, the animal productivity has been improved. Africa silage additives market had a revenue of US$ 6 million in 2014 and is expected to touch US$ 7.5 million by 2020, with an estimated CAGR of 2%. Such a slow growth determines the untapped nature of the market in the region. South Africa alone constitutes to over 40% of the market share in the region due to its growing economy and increased awareness among the consumers.
South Africa is an emerging nation where people are highly influenced by the western culture, in both lifestyles and culinary. New product innovations and increasing cost of commercial forage encouraged the cultivars to employ economically feasible silage inoculants to retain the quality and nutrition of the animal feed in South Africa.
In this report, Market is segmented by Type of bacteria, by application and by geographic regions. Market size and forecast are provided for each of these regions in the report. Silage Inoculant market has many global as well as regional players mainly in feed additives business and this market constitutes a minor share in terms of their product portfolio, sales and volume. The major players in the market include Biomin, Cargill, Lallemand, Chr.Hansen, Danisco etc.
Study Deliverables:
- Market Definition for the specified topic along with identification of key drivers and restraints for the market
- Analysis for theAfrica Silage Inoculant Market, with region specific assessments and competition analysis on a global and regional scale
- Segment-level analysis in terms of application and end-user demand
- Forecasts and estimations for the sub-segment level market
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on a global and regional scale
- Identification and analysis of the exogenous and endogenous factors such as macro and microeconomic variables that affect theAfrica Silage Inoculant Market on both global and regional scale
- Extensively researched competitive landscape section with profiles of key players along with their share of markets
- A comprehensive analysis of recent organic and inorganic developments in the market by the major companies, and strategic benchmarking of developments
Scope of the Study:
- Comprehensive overview of the Africa Silage Inoculant Market
- Competitive intelligence regarding the major players in this industry and the strategies adopted by them
- Insights about the major countries/regions in which this industry is blooming and also identifies the regions which are untapped
