Africa Silage Additives Market - Growth, Trends and Forecasts (2017 - 2022)
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.
Market Definition for the specified topic along with identification of key drivers and restraints for the market
Analysis for the Africa Silage Additives Market, with region specific assessments and competition analysis on a global and regional scale
Segment-level analysis in terms of application and end-user demand
Forecasts and estimations for the sub-segment level market
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on a global and regional scale
Identification and analysis of the exogenous and endogenous factors such as macro and microeconomic variables that affect the Africa Silage Additives Market on both global and regional scale
Extensively researched competitive landscape section with profiles of key players along with their share of markets
A comprehensive analysis of recent organic and inorganic developments in the market by the major companies, and strategic benchmarking of developments
Scope of the Study:
Comprehensive overview of the Africa Silage Additives Market
Competitive intelligence regarding the major players in this industry and the strategies adopted by them
Insights about the major countries/regions in which this industry is blooming and also identifies the regions which are untapped