Europe Silage Inoculant Market - Growth, Trends and Forecasts (2020 - 2025)

European Silage Inoculant market is segmented by Type(Homolactic bacteria, Heterolactic bacteria), by Application(Cereals, Pulses, Oilseeds, and Other Crops) and countries such as the United Kingdom, Italy, Russia, Spain, Germany, France and Rest of Europe.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

3.5 %

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Market Overview

The European silage inoculant market is projected to grow at a CAGR of 3.5% in the forecasted period(2020-2025). European countries are leading in the silage inoculants market occupying a major part of the global share. Increasing demand for animal products, the well-established livestock industry in these regions, and increasing demand for silage inoculant applications in the animal feed sector are the major reasons for market growth. By employing sophisticated technology in terms of feed, Europe is meeting the demand of the consumers. However, with emerging technologies and efficient techniques, the markets hope to stay afloat and consolidate their growth trends. Cereals segment to dominate the market owing to the higher production in the country coupled with the rising livestock population. The presence of key players such as Biomin, CHR. Hansen Holdings, Mircroferm Limited, Provita Eurotech Limited, and Lallemand Animal Nutrition, etc are seen in the European market.

Scope of the report

Silage inoculants are additives containing anaerobic lactic acid bacteria (LAB) that are used to manipulate and enhance fermentation in silage. European Silage inoculant market is segmented based on type, application. The report provides an in-depth analysis of various countries in the region along with the profile of the key players in the market.

Type
Homolactic bacteria
Heterolactic bacteria
Application
Cereal Crops
Pulse Crops
Oilseeds
Others Crops
Geography
Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe

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Key Market Trends

Increase in Live-stock production

According to the FAO statistics, livestock production in European countries is increasing due to the rising demand for meat in terms of consumption as well as exports. With rising mass production of meat, a shift towards landless meat production is also trending in this region. The meat production industry has been consolidating to increase bovine meat production with reduced land usage. According to Food and Agriculture, in 2016 Poultry population was 2412.68 million that increased to 2470.54 million in 2018 and as per Eurostat pig population increased from 147.18 million to 148.16 million during the same period. Feed-lot raised animals are kept indoors and are provided with compound feed for their enhanced growth and are supplied with essential nutrients. This led to increased demand and consumption of feed, thereby, driving the market for silage. Silage inoculants are added to the feedstock in varying quantities, depending on the cattle type as well as the surrounding environment and to preserve the silage for longer durations.

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Cereals Segment Dominates the Market

In order to meet the growing livestock demands, farmers feeding livestock populations along with silage inoculants will be the best option as they help in providing natural nutrition to the animals in addition to protecting from spoilage or any mold development. More than half of cereals grown in Europe are wheat. The remaining 50% is composed of maize and barley, each representing about one third. About two-thirds of the total cereals produced are used for feed production. Maize, wheat, barley, and oats are the highest used cereal in the compound feed production on the back of increased demand from the livestock sector. As per the Department for Environment Food and Rural Affairs, in 2017, approximately 4,749 thousand tons of wheat was used in feed production which is 2.5% more wheat that was used to produce animal feed in 2016 and 1191 thousand tons of barley a 17% more than the previous year in united Kingdom. Thus the increasing use of cereals in feed production will drive the market for inoculants during the study period.

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Competitive Landscape

European silage Inoculant market is highly fragmented with many players competing in the market. Europe, being one of the leaders in the silage inoculant market has become the preferred destination for foreign players to enter the market. The presence of many companies such as Biomin, CHR. Hansen Holdings, Mircroferm Limited, Provita Eurotech Limited, and Lallemand Animal Nutrition, etc are seen in the European market. The major players are focused on research and development of products and foraying into newer markets to consolidate their market share.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porters Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Homolactic bacteria

      2. 5.1.2 Heterolactic bacteria

    2. 5.2 Application

      1. 5.2.1 Cereal Crops

      2. 5.2.2 Pulse Crops

      3. 5.2.3 Oilseeds

      4. 5.2.4 Others Crops

    3. 5.3 Geography

      1. 5.3.1 Spain

      2. 5.3.2 United Kingdom

      3. 5.3.3 France

      4. 5.3.4 Germany

      5. 5.3.5 Russia

      6. 5.3.6 Italy

      7. 5.3.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Adopted Strategy

    3. 6.3 Company Profiles

      1. 6.3.1 ADM Alliance Nutrition

      2. 6.3.2 Biomin

      3. 6.3.3 Kemin Industries

      4. 6.3.4 BrettBrothers Limited

      5. 6.3.5 Cargill Inc.

      6. 6.3.6 CHR. Hansen Holdings

      7. 6.3.7 Provita Eurotech Limited

      8. 6.3.8 Josera GmbH & Co. KG

      9. 6.3.9 Schaumann BioEnergy GmbH

      10. 6.3.10 Lallemand Animal Nutrition

      11. 6.3.11 Microferm Ltd

      12. 6.3.12 Micron Bio-Systems

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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