Market Size of Asia Pacific Silage Inoculant Industry
| 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.
