African sub-continent is highly under developed and due to poor economy, demand for meat and processed meat products is comparitively low. Africa silage additives market had a revenue of $15.7 million in 2014 and is expected to touch $18.9 million by 2020 with an estimated CAGR of 2.8%, very slow growth determines the untapped nature of the market in the region.
South Africa is an emerging nation with people of higher western influence in both lifestyles and culinray. This is directly reflected in the increased demand for quality meat in the region during the past 5 years. In order to catch up with the demand, a growth in industrial production of livestock was witnessed in the region.
New product innovations and increasing cost of commercial forage encouraged the cultivars to employ economically feasible silage additives to retain the quality and nutrition of the animal feed in South Africa.
Silage inoculants are various anaerobic bacteria that help to manipulate and enhance fermentation of silage. Fermentation is an important part that decides the nutrient content and availability of silage for animal consumption. All these factors have led the demand for silage inoculants to grow at steady rate.
This report consists of insights of market based on segmentations on the parameters of product type, application type and geographical basis. The product type differentiations are inoculants, acids & organic salts, enzymes, adsorbents, chemical inhibitors and others. Further, the market is segmented based on the crops such as cereal based, pulse and others. The industry dominant companies include Biomin, Cargill, Lallemand, Chr.Hansen and Danisco.
Scope of the Study:
1.1 Research Methodology
1.2 Definition of the Market
2. KEY FINDINGS OF THE STUDY
3. MARKET OVERVIEW
3.1.1 Growth in Industrial production of livestock
3.1.2 Demand for quality meat from meat and processed meat industry
3.1.3 Rise in cost of forage
3.2.1 Less awareness among the consumers
3.2.2 Less efficiency
3.2.3 Growth in Feed Additives industry
3.3.1 New Product Innovations
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. MARKET SEGMENTATION
4.1 By Types
4.1.2 Acids & Organic acid salts
4.1.5 Chemical Inhibitors
4.2 By application
4.2.1 Cereal crops
4.2.3 Others(Ornamental grasses, Canola)
4.3 By Geography
220.127.116.11 South Africa
5. Competitive Landscape
5.1 Market Share Analysis
5.2 Strategies Adopted by Leading Players
6. Company Profiles
6.1 BASF SE
6.7 American Farm Products
6.8 KW Forage system
6.9 Volac International Limited
6.10 Carrs Billington
6.11 Pearce Group of Companies
6.12 Mole Valley Farmers Ltd.
6.13 Organic farmers
6.15 Wynnstay group
6.17 CHR. Hansen Holdings
6.19 Cargill Inc.