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South America Silage Inoculant Market Size & Share 2021-2028 | Growth Market Reports

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Sheryl Dias
South America Silage Inoculant Market Size & Share 2021-2028 | Growth Market Reports

The South America silage inoculant market size is expected to expand at a significant CAGR of more than 4.1% during the forecast period, 2021–2028. Silage inoculant improves the quality of silage and control the feed retention process to ensure maximum retention of nutrients during the feeding process.

 

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Silage inoculant is a widely used bacterial solvent used to accelerate the fermentation of farm silage. Silage is an animal feed made from grass or other feeds and contains 30-40% moisture. Silage vaccines contain bacterial populations, such as Lactobacillus plantarum, Pediococcus, and Lactobacillus brucei. These bacteria contained in the vaccine will surpass natural lactic acid and convert carbon 6 sugars into lactic acid.

 

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing feed grains consumption and price is expected to boost the market during the forecast period.
  • Rapid growth of the processed meat industry due to high demand of meat is major factors fueling the market.
  • Increasing demand for livestock products and growing health concerns is expected to drive the market during the forecast period.
  • High cost of silage inoculants and enzymes is expected to restrict the market growth.
  • Lack of awareness among farmers about silage inoculants and low efficiency of silage inoculants in fermentation act as major challenges that can hamper the market growth during the forecast period.
  • R&D investment and increasing efficiency of silage inoculants is projected to offer immense opportunities for the market players.

 

Market Segment Insights

 

The homo-fermentive segment is projected to account for a major market share

Based on types, the silage inoculant market is bifurcated into homo-fermentive and hetero-fermentive. The homo-fermentive segment is expected to represent a key share of the market during the forecast period. Homo-fermentive are the most common modifiers in the market. The main purpose of the initial use of these inoculants was to make the quality of the silage plants similar to original. Homo-fermenting bacteria achieve this goal by lowering the pH and minimizing the loss of dry matter, thereby reducing proteolysis (protein breakdown) and the formation of ammonia, and increasing acidity, lactic acid, and dry matter.

 

The cereal crops segment is expected to grow at a rapid pace

Based on applications, the silage inoculant market is fragmented into cereals, pulse, and others. The cereal crops segment is expected to represent a key share of the market during the forecast period owing to meet the growing demand for farm animals, farmers who raise cattle. Silage inoculants are the best choice because they help provide natural nutrition for animals and protect them from spoilage or mold growth. Approximately two thirds of the grains produced are used for animal feed production. Corn, wheat, barley, and oats are the most commonly used grains in this complex. Increased livestock demand leads to balanced feed production. 

 

Brazil is anticipated to dominate the market

On the basis of geography, the silage inoculant market is classified as Brazil, Argentina, and Rest of South Africa. Brazil is anticipated to dominate the market during the forecast period. Growth of the market is attributed to increasing range of cattle farms, rising healthy meat intake and production, and rise in focus about the silage inoculants in developing nations including Brazil and Argentina. Silage making is being historically practiced through the finer agricultural region in Brazil.

 

Competitive Landscape

Key players competing in the silage inoculant market include BiominLallemand Inc., ADM Animal Nutrition, Chr. Hansen Holding A/S, and Corteva Agriscience

 

About Growth Market Reports:

GROWTH MARKET REPORTS provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GROWTH MARKET REPORTS has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.

 

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