European silage inoculants market is expected to cross USD 145 million by 2023 with an estimated CAGR of 5%. European countries are leading the market with 40% of the global share. Spain, UK, and France are the major markets. Increasing demand for animal products, well-established livestock industry in those regions and increasing demand for silage inoculant applications in the animal feed sector are the major reasons for market growth. By employing sophisticated technology in terms of feed, Europe is meeting the demand of the consumers.
Increase in Livestock Production
According to the World Bank, industrialized meat production has grown six times faster than the traditional meat production methods. With increasing mass production of meat, a shift is observed toward landless meat production facilities. The meat production industry has been consolidating, especially in developed parts of the world, such as the United States and Europe, to increase bovine meat production with reduced land usage. Feed-lot raised animals are kept indoors and are provided with compound feed for their enhanced growth and are supplied with essential nutrients. This led to increased demand and consumption of feed, thereby, driving the market for silage, especially suited for ruminants.
The shift toward meat production industrialization requires a better regulatory framework to protect public health and at the same time, provides high feed additive inputs in animal feeds to increase the protein-content and provide sufficient nutrition to cater to the nutritive needs of the cattle. Silage inoculants are added to the feedstock in varying quantities, depending on the cattle type as well as the surrounding environment and to preserve the silage for longer durations.
Technologically Advanced Products
The best way to reduce the feed costs is to retain more forage from the field to feedbunk and increase the quality of the silage itself. The correct inoculant choice can help in preventing the heat out from feed. The combination of Silage inoculated with Lactobacillus buchneri 40788 will act as a strong resistant to heating and spoilage as it organism dramatically decreases the yeast levels. L. buchneri 40788 used on 400,000 CFU per gram of silage or 600,000 CFU per gram of high-moisture corn (HMC), has been uniquely reviewed by the FDA for improved aerobic stability. The increasing silage quantity and dipping spoilage losses. Along with executing good management practices, manufacturers can plan to reduce feed costs and feed high-quality silage.
Key Developments in the Market
¥April 2017: Biotal, a Lallemand Animal Nutrition Company, is in the final stages of receiving clearance to manufacture the new bacteria called Lactobacillus hilgardii at scale
Major Players: ADM ALLIANCE NUTRITION, DUPONT, FORFARMERS, LALLEMAND ANIMAL NUTRITION, NUTRECO, MICROFERM LTD amongst others
Reasons to Purchase this Report:
¥ Provides latest insights into the European Silage Inoculant Market.
¥ Gives a detailed analysis of the competitive landscape in the Silage Inoculant industry segmented by Heterolactic bacteria and Homolactic bacteria.
¥ Analyses the market scenario with the help of PorterÕs Five Forces Analysis.
¥ Forecasts the market volume and value by assessing the impact of the market drivers and constraints.
¥ 3 months analyst support along with the Market Estimate sheet (in excel).
¥ This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends
4.2 Market Trends
4.3 PorterÃ•s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics
5.1.1 Growth in Industrial Production of Livestock
5.1.2 Demand for Quality Meat from Meat and Processed Meat Industry
5.2.1 Less Awareness among the Consumers
5.2.2 Growth in Feed Additives Industry
5.3.1 New Product Innovations
6. Europe Silage Inoculant Market Segmentation, By Bacteria Type
6.1 Homolactic Bacteria
6.2 Heterolactic Bacteria
7. Europe Silage Inoculant Market Segmentation, By Application Type
7.1 Cereal Crops
7.2 Pulse Crops
7.3 Other Crops
8. Europe Silage Inoculant Market Segmentation, By Country
8.1 United Kingdom
8.5 Rest of Europe
9. Competitive Landscape and Introduction
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 ADM Alliance Nutrition
10.3 American Farm Products
10.5 CHR. Hansen Holdings
10.8 Lallemand Animal Nutrition
10.9 Microferm Ltd
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.