5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
North America Silage Inoculant Market is segmented by type into homolactic bacteria and heterolactic bacteria. By application into cereal crops, pulse crops, and other crops.
Study Period:
2016-2025
Base Year:
2019
CAGR:
4.8 %
North America Silage Inoculant Market projected to grow at a CAGR of 4.8% during the forecast period (2020-2025). 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 a 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.
Silage inoculants are additives containing anaerobic lactic acid bacteria (LAB) that are used to manipulate and enhance fermentation in haylage (alfalfa, grass, cereal) and corn silage. This report consists of insights of market-based on segmentations on the parameters of product type, application type, and geographical basis.
By Type | ||||||
| ||||||
|
Application | ||||||||
| ||||||||
| ||||||||
|
Geography | |
United States | |
Canada | |
Mexico | |
Rest of North America |
Report scope can be customized per your requirements. Click here.
The per capita consumption of red meat and livestock products like milk across the region has increased rapidly, as they are considered to be an important source of nutrition/protein, by consumers in different countries. This, in turn, has resulted in increased production of high-quality livestock products, as well as high demand for livestock. In response to globalization and the increasing demand for animal-sourced food, the North American livestock sector has witnessed a robust growth rate in the past couple of years. Industrial-scale livestock production makes optimum use of high-quality feed, to improve efficiencies in the production process, to improve feed conversion ratios, and to enhance animal muscle mass and protein content. With the adoption of industrial-scale livestock production by a larger number of farmers, the application of silage inoculants in feed has been enhanced to maintain the quality of the livestock and is supported by an increasing number of product launches by international players.
To understand key trends, Download Sample Report
The United States is the major market for silage inoculants among the North American regions followed by Canada and Mexico. It recorded revenue of USD 23.1 million in 2016 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 the U.S. They convert failed crops into silage to overcome the production costs. Alfalfa, corn, and sorghum are the major silage crops harvested in the 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.
To understand geography trends, Download Sample Report.
The North America silage inoculant market is highly concentrated with few large players acquiring a major part of the market share. The industry dominant companies include ADM Animal Nutrition, Cargill, Agri King, Chr. Hansen Holding A/S and Crteva Agriscience, which are the major players and have a significant presence in North America as well. Expansion, Product Launch, and Partnerships are the dominant strategies adopted by the players in this market.
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions and Market Definition
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Framework
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Homolactic Bacteria
5.1.1.1 Lactobacillus plantarum
5.1.1.2 Pediococcus pentosaceus
5.1.1.3 Enterococcus faecium
5.1.1.4 Others
5.1.2 Heterolactic Bacteria
5.1.2.1 Lactobacillus buchneri
5.1.2.2 Lactobacillus brevis
5.1.2.3 Propionibacteria freundenreichii
5.1.2.4 Others
5.2 Application
5.2.1 Cereal Crops
5.2.1.1 Corn
5.2.1.2 Barley
5.2.1.3 Oats
5.2.1.4 Wheat
5.2.1.5 Sorghum
5.2.1.6 Sorghum
5.2.2 Pulse Crops
5.2.2.1 Peas
5.2.2.2 Clover
5.2.2.3 Alfalfa
5.2.2.4 Others
5.2.3 Others Crops
5.2.3.1 Grasses
5.2.3.2 Canola
5.2.3.3 Others
5.3 Geography
5.3.1 United States
5.3.2 Canada
5.3.3 Mexico
5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Cargill, Incorporated
6.3.2 ADM Animal Nutrition
6.3.3 AGRI KING
6.3.4 Chr. Hansen Holding A/S
6.3.5 Corteva Agriscience
6.3.6 American Farm Products
6.3.7 Biomin
6.3.8 Kemin Industries, Inc.
6.3.9 Vita Plus
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19