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

South America Silage Inoculant Market is segmented by type into homolactic bacteria and heterolactic bacteria. By application into cereal crops, pulse crops, and other crops.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

4.1 %

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Market Overview

South America Silage Inoculant Market Report is projected to witness a CAGR of 4.1% during the forecast period (2020-2025). The higher growth potential of the developing markets is a huge platform for expansion opportunities for South American silage inoculants manufacturers. The demand for livestock products is continuously increasing in these developing countries and thus, it is driving the silage inoculants industry. Among the countries in South America, Brazil recorded the highest share with corn, sorghum, and tropical grasses being the major crops being one of the major silage crops harvested in the country.

Scope of the report

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.

Type
Homolactic Bacteria
Lactobacillus plantarum
Pediococcus pentosaceus
Enterococcus faecium
Others
Heterolactic Bacteria
Lactobacillus buchneri
Lactobacillus brevis
Propionibacteria freundenreichii
Others
Application
Cereal Crops
Corn
Barley
Oats
Wheat
Sorghum
Sorghum
Pulse Crops
Peas
Clover
Alfalfa
Others
Others Crops
Grasses
Canola
Others
Geography
Brazil
Argentina
Rest of South America

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Key Market Trends

Growing Demand for Livestock Products

The per capita consumption of red meat and livestock products like milk has increased rapidly across the region, as they are considered to be an important source of nutrition/protein, by consumers in different demographics. This, in turn, has resulted in increased production of high-quality livestock products like milk and eggs as well as meat products, and therefore a high demand for livestock. The silage inoculant market thus comes into play which has been highly developed in South America to fulfill the growing demand for high-quality products. The use of silage inoculants in the region has boosted the productivity of the animals in Brazil and Argentina. The North America livestock sector has witnessed a robust growth rate in the past couple of years. According to FAO, the production of cattle meat sector increased from 15,066,457 tons in 2016 to 16,250,766 tons in 2018 owing to the enhanced nutrition resulted due to silage inoculants that the productivity of animals had witnessed an increasing trend in livestock products as well. Also, the cow milk increased from 61,295,130 tons in 2016 to 61,326,080 tons in 2017 in South America owing to the growing demand for milk by the growing population of South America. Thus, the use of silage inoculants has increased the nutritional efficiency of livestock and livestock products.

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Brazil Dominates the Market

Increase in the number of livestock farms, rise in healthy meat consumption and production, and rise in awareness about the silage inoculants in emerging countries such as Brazil and Argentina are anticipated to fuel the South America silage inoculants market. Silage making is being traditionally practiced by the larger agricultural sector in Brazil. They convert failed crops into silage to overcome the production costs. Corn was the most widely grown crop for silage. Sorghum, tropical grasses, and sugarcane were the other species most grown. However, stringent regulations for the inoculant usage and lack of awareness about inoculants have hampered the silage inoculant market growth in the country. In Argentina, local experiments showed that 85% of processed sorghum grain yield response can achieve similar quality results to those obtained with corn silage only with the application of silage inoculants. Thus, the growth of the silage inoculant industry in the region will drive the market revenue in the years to come.

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Competitive Landscape

The South America silage inoculant market is highly concentrated with a few large players acquiring a major part of the market share. The industry dominant companies include ADM Animal Nutrition, Chr. Hansen Holding A/S, Corteva Agriscience, Biomin, and Lallemand Inc. are one of the major players and have a significant presence in South America. Expansion, Product Launch, and Partnerships are the dominant strategies adopted by the players in this market.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions and Market Definition

    3. 1.3 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 Porter's Five Forces Framework

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Homolactic Bacteria

        1. 5.1.1.1 Lactobacillus plantarum

        2. 5.1.1.2 Pediococcus pentosaceus

        3. 5.1.1.3 Enterococcus faecium

        4. 5.1.1.4 Others

      2. 5.1.2 Heterolactic Bacteria

        1. 5.1.2.1 Lactobacillus buchneri

        2. 5.1.2.2 Lactobacillus brevis

        3. 5.1.2.3 Propionibacteria freundenreichii

        4. 5.1.2.4 Others

    2. 5.2 Application

      1. 5.2.1 Cereal Crops

        1. 5.2.1.1 Corn

        2. 5.2.1.2 Barley

        3. 5.2.1.3 Oats

        4. 5.2.1.4 Wheat

        5. 5.2.1.5 Sorghum

        6. 5.2.1.6 Sorghum

      2. 5.2.2 Pulse Crops

        1. 5.2.2.1 Peas

        2. 5.2.2.2 Clover

        3. 5.2.2.3 Alfalfa

        4. 5.2.2.4 Others

      3. 5.2.3 Others Crops

        1. 5.2.3.1 Grasses

        2. 5.2.3.2 Canola

        3. 5.2.3.3 Others

    3. 5.3 Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Argentina

      3. 5.3.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Adopted Strategies

    3. 6.3 Company Profiles

      1. 6.3.1 ADM Animal Nutrition

      2. 6.3.2 Chr. Hansen Holding A/S

      3. 6.3.3 Corteva Agriscience

      4. 6.3.4 Biomin

      5. 6.3.5 Lallemand, Inc.

      6. 6.3.6 Micron Bio-Systems

      7. 6.3.7 Pearce Group of Companies

      8. 6.3.8 Nutreco

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. MPACT OF COVID-19

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