North America Silage Inoculant Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Silage Inoculant Market Analysis
The North American silage inoculant market is projected to record a CAGR of 4.8% during the forecast period (2022-2027).
In 2020, the COVID-19 outbreak disrupted the cattle and feed industries' supply chains and the entire feed input value chain, from raw material acquisition to processing, packaging, and distribution.
The demand for silage inoculants is linked to the demand for animal feed. North America is the major market for silage inoculants globally. The region holds around one-fourth of the total global market share. North America is the highest revenue-providing region with a huge market share of 25% and a high growth rate of 4.2%. The North American market is modern and highly regulated, especially in central parts of the region. Increasing government support for the feed industry may help the silage inoculants market grow sustainably.
North America Silage Inoculant Market Trends
This section covers the major market trends shaping the North America Silage Inoculant Market according to our research experts:
Growth in Industrial Production of Livestock
The per capita consumption of red meat and livestock products like milk across the region has increased rapidly, as they are considered an important source of nutrition/protein by consumers in different countries. This growth has resulted in increased production of high-quality livestock products and high demand for livestock. In response to globalization and the increasing demand for animal-sourced food, the North American livestock sector witnessed a robust growth rate in the past couple of years. Industrial-scale livestock production makes optimum use of high-quality feed to improve efficiencies in the production process, improve feed conversion ratios, and enhance animal muscle mass and protein content. With the adoption of industrial-scale livestock production by several farmers, the application of silage inoculants in feed has been enhanced to maintain the quality of the livestock. This increasing application is supported by several product launches by international players.
The United States Dominates the Market
The United States is the major market for silage inoculants in the North American region, followed by Canada and Mexico. Silage making is traditionally practiced by the larger agricultural sector in the United States. Failed crops are converted into silage to overcome the production costs. Alfalfa, corn, and sorghum are the major silage crops harvested in the United States. There was considerable growth in the industrial production of livestock to meet the increased demand for meat in the region. Therefore, the need for improved animal performance with agricultural wastes boosted the silage inoculant market in the region.
North America Silage Inoculant Industry Overview
The North American silage inoculant market is highly concentrated, with few large players acquiring a major part of the market share. ADM Animal Nutrition, Cargill, Agri King, Chr. Hansen Holding AS, and Corteva Agriscience are the major companies with a significant presence in North America as well. Expansion, product launches, and partnerships are the major strategies adopted by the market players.
North America Silage Inoculant Market Leaders
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ADM Animal Nutrition
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AGRI KING
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Corteva Agriscience
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Cargill Inc.
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Chr. Hansen Holding AS
*Disclaimer: Major Players sorted in no particular order
North America Silage Inoculant Market News
- In October 2021, BASF and Cargill expanded their partnership to develop and market innovative enzyme-based solutions for the animal feed industry.
- In September 2020, Lallemand Animal Nutrition launched its new MAGNIVA forage inoculants for producers in the United States and Canada. These inoculants help\ producers control silage quality and deliver consistency every year.
- In December 2019, DM Animal Nutrition, a division of Archer Daniels Midland Company, opened a new Animal Nutrition Technology Center in Decatur, Illinois. The industry-leading facility builds to enhance customer collaboration and develop fully-tailored nutrition solutions.
North America Silage Inoculant Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Homolactic Bacteria
5.1.1.1 Lactobacillus Plantarum
5.1.1.2 Pediococcus Pentosaceus
5.1.1.3 Enterococcus Faecium
5.1.1.4 Other Homolactic Bacteria
5.1.2 Heterolactic Bacteria
5.1.2.1 Lactobacillus Buchneri
5.1.2.2 Lactobacillus Brevis
5.1.2.3 Propionibacteria Freundenreichii
5.1.2.4 Other Heterolactic Bacteria
5.2 Application
5.2.1 Cereals
5.2.1.1 Corn
5.2.1.2 Barley
5.2.1.3 Oats
5.2.1.4 Wheat
5.2.1.5 Sorghum
5.2.1.6 Other Applications
5.2.2 Pulses
5.2.2.1 Peas
5.2.2.2 Clover
5.2.2.3 Alfalfa
5.2.2.4 Other Pulses
5.2.3 Other Crops
5.2.3.1 Grasses
5.2.3.2 Canola
5.2.3.3 Other Crops
5.3 Geography
5.3.1 United States
5.3.2 Canada
5.3.3 Mexico
5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Cargill Incorporated
6.3.2 ADM Animal Nutrition
6.3.3 AGRI KING
6.3.4 Chr. Hansen Holding AS
6.3.5 Corteva Agriscience
6.3.6 American Farm Products
6.3.7 Biomin
6.3.8 Kemin Industries Inc.
6.3.9 Vita Plus
6.3.10 Lallemand Animal Nutrition
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. AN ASSESSMENT OF THE IMPACT OF COVID-19 ON THE MARKET
North America Silage Inoculant Industry Segmentation
Silage inoculants are additives containing anaerobic lactic acid bacteria (LAB) used to manipulate and enhance fermentation in haylage (alfalfa, grass, cereal) and corn silage. The North American silage inoculant market is segmented by type, application, and geography. The report offers market size and forecast in volume (metric ton) and value (USD million) for all the above segments.
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North America Silage Inoculant Market Research FAQs
What is the current North America Silage Inoculant Market size?
The North America Silage Inoculant Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
Who are the key players in North America Silage Inoculant Market?
ADM Animal Nutrition, AGRI KING, Corteva Agriscience, Cargill Inc. and Chr. Hansen Holding AS are the major companies operating in the North America Silage Inoculant Market.
What years does this North America Silage Inoculant Market cover?
The report covers the North America Silage Inoculant Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Silage Inoculant Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Silage Inoculant Industry Report
Statistics for the 2024 North America Silage Inoculant market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Silage Inoculant analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
