DALLAS, July 2, 2015 /PRNewswire/ --
The report "Silage Inoculants & Enzymes Market by Type (Homofermentative & Heterofermentative), Species (Lactobacillus, Pediococcus & Enterococcus), Enzymes (Fibre-digesting & Starch-digesting), Crop-type & Geography - Global Trends and Forecast to 2020", Silage Inoculants & Enzymes Market is expected to reach $489.05 Million by 2020, at a CAGR of 4.0% from 2015 to 2020.
Browse 75 market Tables and 74 Figures spread through 194 Pages and an in-depth TOC on "Silage Inoculants & Enzymes Market"
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The market report defines and segments of the global Silage Inoculants & Enzymes Market with analysis of current demand and forecasted consumption in terms of value. It also identifies its driving and restraining factors with the analysis of trends, opportunities, winning imperatives, and challenges. The market is segmented on the basis of inoculant types, species, enzyme type, crop-type, and regional segments.
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The revenues are forecasted for the major regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). The key countries in these regions are covered and their market sizes are forecasted. Further, the market is segmented and revenues are forecasted on the basis of type, species, enzyme, and crop-type.
Inoculants comprise of anaerobic lactic acid bacteria (LAB), used to increase the fermentation rate in silage. The inoculant added to the silage increases the fermentation rate, causing a more rapid decline in the pH level. The Silage Inoculants & Enzymes Market is projected to exhibit a growth potential (4.0%) for the next five years. Enzymes included in the inoculant products break down some of the fibre and starch. However, the inoculants are not always successful in improving the fermentation or animal performance.
The high growth potential in the emerging markets provides expansion opportunities for the companies. The global market for silage inoculants & enzymes was valued at $ 387.08 Million in 2014 and is growing at a CAGR of 4.0% from 2015 to 2020. North America dominated the global market and is expected to be the fastest-growing in the near future owing to the increased consumer awareness and availability of latest technology equipment.
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