APAC Silage Inoculant Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.60 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Silage Inoculant Market Analysis
The Asia Pacific Silage Inoculant Market is projected to register a CAGR of 4.6% during the forecast period 2020-2025. China, India, Japan, Thailand, and Australia are the major markets in this region. The rise in the cost of feed inputs and the high cost of forage have generated a market for silage inoculants. The products are slowly gaining the attention of livestock farmers as a cost-effective solution against feed additives. Proper fermentation of silage benefits animal performance by boosting their immunity and improving the feed conversion ratio. Factors like lack of awareness about the silage inoculants among the farmers, and the improper fermentation of forage due to less efficiency of silage inoculants, are restricting the growth of this market.
APAC Silage Inoculant Market Trends
This section covers the major market trends shaping the APAC Silage Inoculant Market according to our research experts:
Increased Livestock Production
Asia-Pacific is considerably a large region in terms of area and population. The higher population has a direct impact on the food requirements in the region. The health-conscious population created the need for high-quality meat products, which can be achieved only with a healthy animal fed, aided by the feed of high protein. Asia-Pacific witnessed a spike in the number of meat industries and a subsequent rise in livestock production, owing to increased demand. In addition, Asia-Pacific weather conditions are most suited to cater to the needs for the best usage of silage inoculants. Feed additives are well known for their ability to enhance the product quality, thereby, providing the required nutrition for the animal. However, the recent rise in the additive and forage costs became a burden for the farmers, which is still developing and Hence the silage inoculants are such alternatives for cost management. The increased employment of silage inoculants and a considerable rise in demand for meat in Asia-Pacific created a prolific prospect to venture for silage inoculants, in the region.
Increased Consumption of Meat
Asia-Pacific accounts for the majority of the share in the silage inoculants market. It is expected to be the most prominent and fastest-growing market during the forecast period. Industrialization of livestock production and the rise in consumption of meat population are driving the market. The sudden hike in the cost of forage has boosted the search for alternatives such as silage inoculants. The rise in income and standard of living, engaged with professional and personal work, ready-to-eat meat foods are gaining the market gradually. Developing countries, such as China and India, are slowly gaining the market by following the footsteps of western countries. Growing concerns over health have resulted in demand for high-quality meat. To meet consumer demand, farmers should feed them with highly nutritious feed. Silage inoculants known to deliver natural nutrition of feed to the animal, are gaining popularity among the farmers. The meat obtained from animals fed with a nutritious feed is found to deliver better quality meat. The shift toward meat production and industrialization requires a better regulatory framework to protect public health and high feed additive inputs in animal feed to enhance the efficiency of meat production.
APAC Silage Inoculant Industry Overview
The Asia-Pacific silage inoculant market is fairly consolidated and the market has a lot to offer for the market players given its ever-growing consumer base. Untapped markets of the Asia-Pacific region are the targets of many key players. Both domestic and global players are focusing on increasing the production capacity, establishing manufacturing sites in Asia, and conducting awareness campaigns to expand their market in the region.
APAC Silage Inoculant Market Leaders
Lallemand
ADM Animal Nutrition
Cargill Inc
Nutreco
Biomin
*Disclaimer: Major Players sorted in no particular order
APAC Silage Inoculant Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Homo-fermenter
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5.1.2 Hetero-fermenter
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5.2 Product Form
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5.2.1 Wet
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5.2.2 Dry
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5.3 Application
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5.3.1 Cereals
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5.3.2 Pulses
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5.3.3 Other Crops
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5.4 Geography
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5.4.1 China
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5.4.2 India
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5.4.3 Japan
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5.4.4 Australia
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5.4.5 Rest of Asia Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 ADM Animal Nutrition
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6.3.2 Biomin
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6.3.3 Cargill Inc.
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6.3.4 DuPont
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6.3.5 Lallemand Animal Nutrition
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6.3.6 Micron Bio-Systems
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6.3.7 Mole Valley Farmers Ltd.
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6.3.8 Pearce Group of Companies
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6.3.9 Volac International Limited
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6.3.10 Nutreco
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
APAC Silage Inoculant Industry Segmentation
The Asia Pacific Silage Inoculant Market is segmented By Type into Homo-fermenter and Hetero-fermenters, By Product Form (Wet and Dry), By Application into (Cereals, Pulses, and Other Crops) in the countries like China, India, Japan, Australia, Thailand, Vietnam, and Rest of Asia Pacific.
| Type | |
| Homo-fermenter | |
| Hetero-fermenter |
| Product Form | |
| Wet | |
| Dry |
| Application | |
| Cereals | |
| Pulses | |
| Other Crops |
| Geography | |
| China | |
| India | |
| Japan | |
| Australia | |
| Rest of Asia Pacific |
APAC Silage Inoculant Market Research FAQs
What is the current Asia Pacific Silage Inoculant Market size?
The Asia Pacific Silage Inoculant Market is projected to register a CAGR of 4.60% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Silage Inoculant Market?
Lallemand , ADM Animal Nutrition , Cargill Inc, Nutreco and Biomin are the major companies operating in the Asia Pacific Silage Inoculant Market.
What years does this Asia Pacific Silage Inoculant Market cover?
The report covers the Asia Pacific Silage Inoculant Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Silage Inoculant Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia Pacific Silage Inoculant Industry Report
Statistics for the 2024 Asia Pacific Silage Inoculant market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Silage Inoculant analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
