Silage Inoculants & Enzymes Market Size Forecast to Reach $624.16 Million by 2025

Silage Inoculants & Enzymes Market size is forecast to reach $624.16 million by 2025 after growing at a CAGR of 5% during 2020-2025. Silage inoculants are additives containing anaerobic lactic acid bacteria that are used to manipulate and enhance fermentation in haylage and corn silage. The growth of the market is expected to be driven by the high demand for silage inoculants & enzymes from the animal husbandry.

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Silage Inoculants & Enzymes Market Segment Analysis - By Type

Homofermentative segment held the largest share in the silage inoculants & enzymes market in 2019. Homofermentative are the most common inoculants on the market. Initially, the main goal of using these inoculants was to preserve the quality of the ensiled plants as near to original levels as possible. Homofermentative bacteria accomplish this goal by decreasing pH, reducing dry matter losses to a minimal level (2–3%), reducing proteolysis (the breakdown of protein) and ammonia formation, and increasing lactic acid and dry matter. A fast decline in pH can also inhibit clostridial bacteria that produce butyric acid, a product of a bad fermentation that causes malodor. In addition, homofermentative bacteria have the potential to improve animal performance. When the inoculated silage produced a positive effect, the average increase in weight gain was expected to be 5%, while milk production increased 3%. The cause of this improvement in performance is not clear.

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Silage Inoculants & Enzymes Market Segment Analysis - By Species

Lactobacillus Species held the largest share in the silage inoculants & enzymes market in 2019. There are many species of lactobacillus. These are friendly bacteria that normally live in digestive, urinary, and genital systems without causing disease. Lactobacillus is also in some fermented foods like yogurt and in dietary supplements. Lactobacillus is most commonly taken by mouth to treat and prevent diarrhea, including infectious diarrhea and diarrhea linked with using antibiotics. Some people also take lactobacillus by mouth for general digestion problems, irritable bowel syndrome (IBS), colic in babies, inflammatory bowel disease (IBD), inflammation of the colon, stomach pain, constipation, and many other conditions but there is no good scientific evidence to support many of these uses. Lactobacillus can help to break down food, absorb nutrients, and fight off unfriendly organisms that might cause diseases such as diarrhea. These factor will drive the growth of lactobacillus market in the forecast period.

Silage Inoculants & Enzymes Market Segment Analysis - By Crop Type

Corn segment held the largest share in the silage inoculants & enzymes market in 2019 growing at a CAGR of 4%. Since corn are grown in almost all countries, the global demand for silage inoculants & enzymes high for them. On a global level, the total corn production has been increasing, and with the growth in cereal production and consumption, it has become important for producers to focus more on its yield and quality by using effective silage inoculants & enzymes. Corn silage has a higher sugar content and lower buffering capacity, allowing an easier fermentation with higher lactic acid, lower acidic acid and a lower ph. It is more difficult to improve the fermentation of corn silage. Corn plants standing in the field at harvest time are covered in naturally occurring lactic acid producing bacteria, making it more difficult for a commercial inoculant to dominate the fermentation. A benefit of a commercial silage inoculants & enzymes inoculant in corn silage is more likely in immature corn, overly dry corn and the day after a killing frost. Corn silage inoculants containing both Lactobacillus buchneri are different in that they are heterofermentative. They producing lactic acid earlier in the fermentation to reduce fermentation losses, and then acetic acid later in the fermentation to improve aerobic stability to stay fresher longer in the feed bunk. The silage inoculants & enzymes reduces the growth of yeasts and makes the silage more resistant to spoilage and heating at feed out and improves silage bunk life. This factor will drive the growth of the silage inoculants & enzymes market in the forecast period.

Silage Inoculants & Enzymes Market Segment Analysis - Geography

North America dominates the silage inoculants & enzymes market with a share of 41% followed by Europe and APAC. The economy of North America is mainly influenced by the economic dynamics of countries such as US and Canada, but with growing foreign direct investment for economic development of North America, the current scenario is changing. Countries in North America are witnessing high growth in the agricultural sector. The North America produces and sells a wide variety of agricultural products across the world. In terms of sales value, US leads the region as the largest producer of agricultural products, accounting for almost 11 percent of the national total, based on the 2012 Census of Agriculture. The coronavirus pandemic has had far-reaching consequences beyond the spread of the disease and efforts to quarantine. The effect of COVID-19 hit the North American region cause a reduction in the production of agricultural products in the financial year 2020. Agricultural production are widely dispersed throughout the North America and there are currently no wide-spread disruptions reported in the supply chain. The demand and supply chain of silage inoculants & enzymes is divested in the region. The current lock down thought the region is also effecting the production and supply. The agriculture production is also reduces. This factor will hinder the growth of market for the year 2020, but when the situation became normal it will grow with a steady rate in the forecast period.

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Silage Inoculants & Enzymes Market Drivers

Increasing feed grains and compound feed prices will drive the growth of the market in the forecast period

Silage inoculants & enzymes contains valuable nutrients which animals use to produce milk or meat. It’s important to retain them. The type and number of acid producing bacteria present in the pasture or crop will influence the amount of dry matter and nutrients it lose in the ensiling process. Silage inoculants & enzymes provide the right bacteria in ideal numbers for a fast, efficient fermentation. They help lock in nutrients and dry matter so the livestock can produce more milk or meat from every tons of pasture or crop it can ensile. Therefore, the increasing feed grains and compound feed prices, rising livestock population and decreasing grazing and pasture land area are some of the major drivers for silage inoculants and enzymes market globally.

Silage Inoculants & Enzymes Market Challenges

Increase in the cost of silage inoculants & enzymes will hinder the growth of the market

Rising population, increasing standards of living in developing nations, limited availability of arable land, climatic changes, and export restrictions by various governments have led to a surge in demand for silage inoculants & enzymes. Significant increase in silage inoculants & enzymes prices have led to an increase in use of agricultural inoculants. This may hamper the production capability of agriculture land. This factor will hamper the growth of silage inoculants & enzymes market in the forecast period.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in Silage inoculants & enzymes market. Major players in the Silage inoculants & enzymes market are DDCON GROUP GmbH, E. I. du Pont de Nemours and Company, Archer Daniels Midland Company, Kemin Industries, and Chr. Hansen A/S, and Others.]

Acquisition/Technology Launches/Product Launch

In March 2017, Lallemand Animal Nutrition acquired Nova Microbial Technologies, forwarding Lallemand’s mission to provide natural microbial products and services for optimized animal performance and well-being. This acquisition creates exciting opportunities for Lallemand Animal Nutrition and Nova customers and more importantly the livestock industries we serve.

Key Takeaways

North America dominates the silage inoculants & enzymes market owing to increasing demand from Agriculture sector.

Increasing demand for animal products will drive the market in the forecast period.

High set-up cost of ensiling and unawareness of the benefits of silage is hindering the growth of the market in the forecast period.

Related Reports :

A. Agricultural Inoculants Market
https://www.industryarc.com/Report/15177/agricultural-inoculants-market.html

B. Silage Additives Market
https://www.industryarc.com/Research/Silage-Additives-Market-Research-505056

For more Agriculture Market reports @ https://www.industryarc.com/Domain/2/agriculture-market-research.html

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