Global Silage inoculants and Enzymes Market – Industry Trends and Forecast to 2029

Global Silage inoculants and Enzymes Market, By Species (Pediococcus, Enterococcus, and Lactobacillus), Classifications (Heterofermentative and Homofermentative), Enzymes (Fibre-digesting & Starch-digesting) – Industry Trends and Forecast to 2029.

Silage Inoculants and Enzymes Market Analysis and Size

Compound feed and feed grains are becoming more expensive by the day. As silage enzymes aid in crop preservation, they can be a more cost-effective option for agriculturists when feeding livestock. As a result, this factor has a positive impact on the growth of the silage inoculant and enzyme market.

Data Bridge Market Research analyses that the silage inoculants and enzymes market which was valued at USD 514.97 million in 2021 is expected to reach the value of USD 778.41 million by 2029, at a CAGR of 5.30% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Silage Inoculants and Enzymes Market Scope and Segmentation

Market Definition

Silage inoculants are bacteria that control the silage fermentation process and aid in crop conservation. Silage inoculants also boost silage and enzyme fermentation and break down a portion of the silage's fibres and starch. High-quality silage inoculants grow more quickly and efficiently. It results in less energy loss, less dry matter waste, and better animal performance. Silage inoculants can reduce silage shrinkage and improve silage quality, resulting in improved milk or meat production performance.

Silage Inoculants and Enzymes Market Dynamics

Drivers

• Rising feed prices and decreasing grazing land area is augmenting market growth.

Silage inoculants and enzymes are rich in nutrients that animals use to produce milk or meat. The amount of dry matter and nutrients lost during the ensiling process is affected by the type and number of acid producing bacteria present in the pasture or crop. Silage inoculants and enzymes supply the right bacteria in the right numbers for a quick, efficient fermentation. They aid in the retention of nutrients and dry matter, allowing livestock to produce more milk or meat from each tonne of pasture or crop ensiled. As a result, rising feed grain and compound feed prices, increasing livestock population, and decreasing grazing and pasture land area are some of the major drivers for the global silage inoculants and enzymes market.

• A shift towards more protected and precise farming techniques

Farmers and growing communities around the world are shifting toward more protected and precise farming in order to meet rising food demand on limited arable land. The emphasis is on promoting plant growth from the early plant stages, and starter fertilisers have emerged as a key material in this regard. The development of novel formulations that can precisely balance seedling nutrition requirements is also encouraging the use of starter fertilisers.

Opportunity

The state's involvement in promoting clean energy could be a major driver for the silage inoculants and enzymes market. Furthermore, the emphasis on R&D is bringing innovative products in animal nutrition. The favourable socioeconomic and demographic factors, disposable incomes, and growing concerns about livestock, combined with significant improvements in commercial aspects, are expected to propel the global silage inoculants and enzymes market.

Restraints

The major restraint of the starter fertilisers market is the limited amount of usage for starter fertilisers in crop production. In contrast, inappropriate use of these chemicals and incorrect nutrient composition selection will be a challenge in the starter fertilisers market during the forecast period.

This silage inoculants and enzymes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the silage inoculants and enzymes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Silage Inoculants and Enzymes Market

Consumers' growing concern about COVID-19 risk from eating animal-based products is expected to have an impact on market growth. The COVID 19 outbreak has resulted in the shutdown of manufacturing units; such measures have caused global supply chain disruption. This has had a negative impact on raw material supply for silage inoculants and enzymes. For a short time, this factor increased its price even more.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• Lallemand Animal Nutrition acquired Nova Microbial Technologies in March 2017, furthering the company's mission to provide natural microbial products and services for improved animal performance and well-being. This acquisition opens up new possibilities for Lallemand Animal Nutrition and Nova customers, as well as the livestock industries we serve.

Global Silage Inoculants and Enzymes Market Scope

The silage inoculants and enzymes market is segmented on the basis of species, classification and enzymes. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Species

• Pediococcus
• Enterococcus
• Lactobacillus

Classification

• Heterofermentative
• Homofermentative

Enzymes

• Fibre-digesting
• Starch-digesting

Silage Inoculants and Enzymes Market Regional Analysis/Insights

The silage inoculants and enzymes market is analysed and market size insights and trends are provided by country, species, classification and enzymes as referenced above.

The countries covered in the silage inoculants and enzymes market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The market for silage inoculants and enzymes is dominated by North America, followed by Europe and APAC. The economy of North America is primarily influenced by the economic dynamics of countries such as the United States and Canada, but with increasing foreign direct investment for North American economic development, the current scenario is changing. The agricultural sector in North American countries is expanding rapidly. North America produces and sells agricultural products all over the world.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Silage Inoculants and Enzymes Market Share Analysis

The silage inoculants and enzymes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to silage inoculants and enzymes market.

Some of the major players operating in the silage inoculants and enzymes market are:

• Bayer AG (Germany)
• BASF SE (Germany)
• Yara (Norway)
• Compass Minerals (U.S.)
• Syngenta Crop Protection AG (Switzerland)
• ADAMA (Israel)
• Sumitomo Chemicals Co. Ltd. (Japan)
• Nufarm (Australia)
• UPL (India)
• K+S Aktiengesellschaft (Germany)
• ICL (Israel)