Press release
Latin America Silage Inoculants Market was valued around US$ XX Mn by 2018 and growing at a prominent growth rate over the forecast years 2019-2025
Latin America Silage Inoculants Market
Analyst Speak:
“The Latin America Silage Inoculants Market was valued around US$ XX Mn by 2018 and growing at a prominent growth rate over the forecast years 2019-2025 owing to grow in agriculture production and increase in the demand for animal feed”
The Latin America silage inoculants market was valued at US$ XX Mn in 2018 and increasing at a significant growth rate over the forecast years due to surge in the agriculture production and grow in demand for animal feed due to rise in number of number of livestock farms. Moreover, sudden changes in environmental conditions, government initiations to improve the crop yield, increase in R&D for the development of newer products, and rise in demand for healthy food products are boost the Latin America silage inoculants market over the forecast years. However, lack of awareness about the silage inoculants products in underdeveloped countries, stringent regulations for the product approvals, and poor efficiency of the silage inoculants are hinder the growth of silage inoculants market over the future years.
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Latin America Silage Inoculants market segmented on the basis of product type, crop type, species type, enzyme type, and country
Homo-fermentative Silage Inoculants Dominate the Latin America Silage Inoculants Market
Based on the product type, Latin America silage inoculants market segmented into homo-fermentative silage inoculants and hetero-fermentative silage inoculants. Homo-fermentative silage inoculants growing at a significant CAGR owing to high conversion of glucose to lactic acid as an end product. However, hetero-fermentative silage inoculants convert glucose to acidic acid, lactic acid, and carbon dioxide as end products.
Brazil Leads the Latin America Silage Inoculants market
PBI’s Latin America silage inoculants market report analyses the market in different regions such as Brazil, Mexico, Argentina, and Venezuela. According to country analysis, Brazil accounted for larger revenue share through 2014-2018 and expected to dominate over 2019-2025 owing to increase in the awareness about silage inoculants products coupled with surge in the number of livestock industries in the country. Moreover. Mexico silage inoculants market projected to exhibit significant growth due to adoption of newer silage inoculant products such as combination of homo and hetero-fermentative products and grow in demand for healthy food and feed products are expected to bolster the market.
Free TOC of this report is available upon request @
https://precisionbusinessinsights.com/market-reports/latin-america-silage-inoculants-market/#ulp-c654SbFYO64MsOhu
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market player
Latin America silage inoculants market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In August 2017, Ralco Nutrition launched Anchor, a silage inoculant blend, powered by patented microbial technology
Key player’s profiles in the report are DuPont, Pioneer (DuPont) (U.S.), Lallemand, Inc. (U.S.), Hansen A/S (Denmark), Nutreco N.V. (Netherlands), Schaumann Agri (Germany), and Ralco Nutrition (U.S.)
Precision Business Insights (PBI) in its report titled “Latin America Silage Inoculants Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
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https://precisionbusinessinsights.com/market-reports/latin-america-silage-inoculants-market/#ulp-14mlyhjMGhVjZqa3
Detailed Segmentation
By Product Type
o Heterofermentative Silage Inoculants
o Homofermentative Silage Inoculants
By Crop Type
o Corn
o Alfalfa
o Sorghum
o Barley
o Legumes
o Others
By Species
o Lactobacillus
o Enterococcus
o Pediococcus
By Enzyme
o Starch-Digesting
o Fiber-Digesting
Geography
o Latin America
• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America
Get access to full summary @
https://precisionbusinessinsights.com/market-reports/latin-america-silage-inoculants-market/
About Precision Business Insights
Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.
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