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

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North America is the major market for silage inoculants across the world. The region holds around one-fourth of the total global market share. Currently, with a huge market share of 25% and high growth rate of 4.2%, North America is the highest revenue-providing region.

The market here is modern and is highly regulated, especially in central parts of the region. Increasing government support for the feed industry would help the silage inoculants market to grow sustainably.

The U.S. is the major market for silage inoculants among the North American regions. It recorded revenue of US$ 23.1 million in 2015 and is expected to grow at a CAGR of 4.5% during the next five years.

Silage making is being traditionally practiced by the larger agricultural sector in U.S. They convert failed crops into silage to overcome the production costs. U.S recorded 113,450 acres of silage harvested lands and production of 7,349 acres for silage as of 2012. Alfalfa, corn, and sorghum are the major silage crops harvested in U.S.A. Considerable growth in the industrial production of livestock, in order to meet the increased demand for meat, was witnessed in the region. Therefore, the need for improved animal performance, with agricultural wastes has led to a growing market of silage inoculants in this region.

This report consists of insights of market based on segmentations on the parameters of product type, application type and geographical basis. The product type differentiations are homolactic and heterolactic bacteria. Further, the market is segmented based on the crops such as cereal based, pulse and others. The industry dominant companies include Biomin, Cargill, Lallemand, Chr.Hansen and Danisco, which are best players and have a significant presence in North America market as well. 

Study Deliverables:

  • Market Definition for the specified topic along with identification of key drivers and restraints for the market
  • Analysis for the North America 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 the North America 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 North America 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

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