Silage Inoculants & Enzymes

Silage Inoculants & Enzymes

Global Silage Inoculants and Enzymes Market to Reach $649.8 Million by 2027

In the changed post COVID-19 business landscape, the global market for Silage Inoculants and Enzymes estimated at US$475.5 Million in the year 2020, is projected to reach a revised size of US$649.8 Million by 2027, growing at aCAGR of 4.6% over the period 2020-2027. Homofermentative, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$422.5 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Heterofermentative segment is readjusted to a revised 3.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $130.7 Million, While China is Forecast to Grow at 7.7% CAGR

The Silage Inoculants and Enzymes market in the U.S. is estimated at US$130.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$130.8 Million by the year 2027 trailing a CAGR of 7.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Select Competitors (Total 44 Featured) -

• ADDCON GmbH
• Agri-King, Inc.
• Archer Daniels Midland Company
• BIOMIN Holding GmbH
• Chr. Hansen Holding A/S
• DowDuPont, Inc.
• Kemin Industries, Inc.
• Lallemand, Inc.
• Schaumann BioEnergy GmbH
• Volac International Ltd.

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