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. A more efficient fermentation is the desired result. Silage inoculants consist of bacteria which are used to dominate the fermentation of the silage and further aid in better crop preservation. A good silage inoculant helps in faster and more efficient fermentation. It further results in less energy and dry matter loss and better animal performance. Inoculants can decrease the silage shrink, increase silage quality, and result in the enhancement in the efficiency of milk or meat production. Enzymes are a cost effective supplement to be considered when used in combination with a quality silage inoculant. Enzymes help insure the lactic acid bacteria responsible for pH drop, have an adequate supply of sugars plus enzymes may help improve subsequent fiber digestion at feed out. LPI (LP Information)' newest research report, the “Silage Inoculants & Enzymes Industry Forecast” looks at past sales and reviews total world Silage Inoculants & Enzymes sales in 2022, providing a comprehensive analysis by region and market sector of projected Silage Inoculants & Enzymes sales for 2023 through 2029. With Silage Inoculants & Enzymes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Silage Inoculants & Enzymes industry. This Insight Report provides a comprehensive analysis of the global Silage Inoculants & Enzymes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Silage Inoculants & Enzymes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Silage Inoculants & Enzymes market. This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Silage Inoculants & Enzymes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Silage Inoculants & Enzymes. The global Silage Inoculants & Enzymes market size is projected to grow from US$ 557.6 million in 2022 to US$ 751.6 million in 2029; it is expected to grow at a CAGR of 751.6 from 2023 to 2029. Global Silage Inoculants & Enzymes key players include Archer Daniels Midland, Chr. Hansen, Du Pont, etc. Global top three manufacturers hold a share about 40%. North America is the largest market, with a share about 40%, followed by Europe and Asia-Pacific, both have a share over 45 percent. In terms of product, Homofermentative is the largest segment, with a share over 60%. And in terms of application, the largest application is Corn, followed by Alfalfa. This report presents a comprehensive overview, market shares, and growth opportunities of Silage Inoculants & Enzymes market by product type, application, key manufacturers and key regions and countries. Market Segmentation: Segmentation by type Heterofermentative Homofermentative Segmentation by application Corn Sorghum Alfalfa Other This report also splits the market by region: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration. Archer Daniels Midland Chr. Hansen Du Pont Kemin Industries Addcon Group Volac International Agri-King Biomin Holding Lallemand Schaumann Bioenergy Cargill Key Questions Addressed in this Report What is the 10-year outlook for the global Silage Inoculants & Enzymes market? What factors are driving Silage Inoculants & Enzymes market growth, globally and by region? Which technologies are poised for the fastest growth by market and region? How do Silage Inoculants & Enzymes market opportunities vary by end market size? How does Silage Inoculants & Enzymes break out type, application? What are the influences of COVID-19 and Russia-Ukraine war?
1 Scope of the Report 1.1 Market Introduction 1.2 Years Considered 1.3 Research Objectives 1.4 Market Research Methodology 1.5 Research Process and Data Source 1.6 Economic Indicators 1.7 Currency Considered 1.8 Market Estimation Caveats 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Silage Inoculants & Enzymes Annual Sales 2018-2029
