5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
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India
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.
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5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
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