(Entertainment-NewsWire.com, May 10, 2017 ) “Asia-Pacific Silage Inoculant Market" research report, published by Market Data Forecast estimates that the market is growing with a CAGR of 4.60% to reach USD 69.16 million by 2021, from USD 55.23 million in 2016, which amounts to a cumulative growth of USD 13.93 million.
Silage Inoculants enrich silage quality and control the preservation process of forage ensuring maximum nutrients retention at the time of feeding. Silage enhances the animal health and performance; subsequently improving the quality and yield of food from animal origin.
Silage Inoculants are used in treating crops with adequate water soluble carbohydrates and moisture content. Fermentation of silage is a very turbulent and cannot be controlled which leads to nutritional losses in the silage. Silage inoculants products are slowly benefiting the attention of consumers as it is a cost effective solution. The Silage Inoculant market is developing at a remarkable rate due to the rise in the livestock population.
The report also presents detailed analysis of multitude of factors affecting the Silage Inoculant Market bearing either positive or negative outcomes. Some of those factors are
• The increase in the meat consumption
• Adoption of intensive farming system, and enhancement in quality of silage
• Growing population in this part of the world is also supporting the growth of the Asia-Pacific meat market
For granular level understanding the Silage Inoculant Market is segmented based on Type and Application, each being provided with Market Size Estimations and Y-o-Y Forecasts. Based on Type, the global Silage Inoculant market is segmented into Lactobacillus plantarum, Pediococcus pentosaceus, Enterococcus faecium, Lactobacillus buchneri, Lactobacillus brevis, Propionibacteria freundenreichii, and others. Based on Application, the market is segmented into Cereal crops, Pulse Crops, and others. Among Inoculants, Lactobacillus plantarum has the major share of 24% as they exhibit more efficiency in fermentation. However, Lactobacillus bucherni is estimated to grow at the fastest CAGR because of higher efficiency. In the application segment, Cereal is the most wide spread applied crop with silage inoculants.
With India and China being the major economies with unexplored customer base, have been covered in the study. The report also focuses on other regions like Japan, Australia, South Korea and Rest of Asia-Pacific. This region offers considerable opportunities for the Silage Inoculant market, with India and China being the most populous countries in this region giving to the rising demand. China dominates the market in this region. This region accounts for about 22% of the global market and is estimated to be the most quickly growing market during the forecast period. Vietnam, Malaysia and Indonesia are some of the major players in this market.
Some of the key players that operate in the Asia-Pacific Silage Inoculant Market include ADM, Cargill, Volac, Dupont, Lallemand, Nutreco, CHr.Hansen, ForFarmers and others.
Existing companies such as Nutreco and ADM have been vigorously involved in acquisition of regional players to strengthen their market presence. Key strategies such as investments in R&D are being employed by major companies to meet the increasing Silage Inoculant demand.
The most favourable strategies of the key players are to achieve competitive advantage and to spread the business units in various geographical areas by expansions, acquisitions and joint ventures. The key players are also concentrating on agreements and partnerships with local distributors and players to cater to more consumers. Through investments in R&D, introducing new products is another strategy to stay ahead of the competition.
The Asia- Pacific Silage Inoculant Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of Type and Application along with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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