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(MoneyNewsWire.Net, April 25, 2018 ) The Europe Silage Inoculant Market was worth $102.53 million in 2016 and estimated to be growing at a CAGR of 4.20%, to reach $125.95 million by 2021. Silage Inoculants advance the animal performance and health; thereby enhancing the yield and quality of food from animal origin.
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Fermentation of silage is a very uncontainable method which leads to nutritional losses in the silage. Silage inoculants products are gradually being noticed by users as it is a cost effective solution. This market is developing at a significant rate due to the increase in the livestock population.
The growth of the Europe Silage Inoculant market is mainly due to the growth in the meat consumption and increasing population. With latest technologies that focus on improving the quality of the silage, there is a constantly increasing demand for them. Factors such as low efficiency of the silage inoculants and Complex regulatory bodies in the European Union are hindering the growth of this regional market.
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The Europe Silage Inoculant market is segmented based on type and application. On the basis of type, the market is segmented into Lactobacillus plantarum, Pediococcus pentosaceus, Enterococcus faecium, Lactobacillus buchneri, Lactobacillus brevis, Propionibacteria freundenreichii, and others. On the basis of application, the market is segmented into Cereal crops, Pulse Crops, and others. Among Inoculants, Lactobacillus plantarum has the major share of the market whereas, Lactobacillus bucherni is expected to grow the fastest due to higher efficiency.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. European countries are leading the market with 41% of the global share. Spain, UK and France are the major markets within the region. Other emerging markets in the region are Sweden, Norway, Netherlands, Denmark and Greece.
Some of the major companies dominating this market are Cargill, ADM, Dupont, Volac, Nutreco, Lallemand, ForFarmers, CHr.Hansen and others.
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