Tag: Inoculants Market

Inoculants Market: A Comprehensive Guide to Key Players and Forecast

The global inoculants market size is estimated to be valued at USD 1.1 billion in 2022. It is anticipated to reach USD 1.7 billion by 2027, recording a CAGR of 8.1% in value. A more efficient fermentation is expected because of the addition of inoculants. Other major benefits of using inoculants are reduced fermentation losses and enhanced animal performance. Silage inoculants help to increase the nutritive value of feed and increase feed palatability. Adding inoculants and enzymes in silage helps lower the pH values, which, in turn, would help digestion in animals, especially cattle. The rise in demand for high-quality dairy products has encouraged governments across the globe to support silage practices in the respective countries. This has, in turn, boosted the demand for silage inoculants in recent years due to their characteristic of improving the physiological properties of silages

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152735696

The South American region is projected to grow at a highest CAGR in the inoculants market during the forecast period

The inoculants market in South America is projected to grow at the highest CAGR from 2022 to 2027. The requirement for better livestock management practices to cater to the increasing demand for meat and dairy products is projected to drive the market for silage inoculants in South America. The availability of arable land and expansion of farmlands, especially in Brazil and Argentina, are promising for growth in this market. Moreover, the demand for organic food products in the region is growing at a robust rate, further driving the agricultural inoculants market.

Key Players in the Market

Key players in this market include Corteva Agriscience (US), BASF SE (Germany), Bayer AG (Germany), Novozymes A/S (Denmark), Cargill, Incorporated (US), Archer Daniels Midland Company (US), DSM (Netherlands), Chr. Hansen Holding A/S (Denmark), Lallemand Inc. (Canada), Kemin Industries, Inc (US), Verdesian Life Sciences (US), BIO-CAT (US), Microbial Biological Fertilizers International (South Africa), Agrauxine (US), and Provita Supplements GmbH (Germany).

Bacterial segment is forecasted to grow at highest CAGR in the inoculants market

Bacterial inoculants serve as an alternative to increase crop productivity reducing the use of fertilizers. Bacterial inoculants are preferred by agricultural inoculant manufacturers, owing to their property of increasing crop yield. It also serves as an alternative to chemicals and fertilizers and promotes organic farming. Demand for organic food products at a global level creates growth opportunities for bacterial inoculant manufacturers. Bacterial characteristics such as biological nitrogen fixation are known to promote plant growth, thus driving the growth of the segment.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=152735696

The oilseeds & pulses segment is anticipated to grow at highest CAGR in the inoculants market

Oilseeds & pulses form a staple diet for millions in developing countries where they are grown abundantly. Also, regions that do not cultivate oilseeds and pulses traditionally have started to cultivate them because of their increasing importance as cash crops. Soybean production is expected to reach 441 tons (486.11 tons) by 2030, according to the OECD-FAO Agricultural Outlook 2021. Soybean is also considered a viable alternative forage when alfalfa or clover are in short supply due to winterkilling or drought conditions. Forage soybean is tolerant of drought and thrives when other forage legumes, such as alfalfa, are not available. The increased demand for oilseeds and pulses crops, such as soybean, canola, peas, beans, and other legume crops, is driving the growth of the segment.

Cultivating Growth: The Thriving Landscape of the Global Inoculants Market

Introduction

The global inoculants market is experiencing remarkable growth, with an estimated value of USD 1.1 billion in 2022, poised to reach USD 1.7 billion by 2027 at a robust Compound Annual Growth Rate (CAGR) of 8.1%. This surge is attributed to the widespread adoption of inoculants, fostering more efficient fermentation processes and delivering significant benefits such as reduced fermentation losses and enhanced animal performance.

Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=152735696

Enhancing Feed Quality

Inoculants play a pivotal role in improving the nutritive value of feed and increasing feed palatability, particularly in the context of silage. Their addition aids in lowering pH values, facilitating improved digestion in animals, especially in cattle. The rising global demand for high-quality dairy products has prompted governments to support silage practices, driving the demand for silage inoculants.

South America’s Leading Role

The South American region emerges as a key player in the inoculants market, projected to experience the highest CAGR from 2022 to 2027. The demand for better livestock management practices to meet the increasing demand for meat and dairy products is a significant factor fueling the market’s growth. With ample arable land and expanding farmlands, especially in countries like Brazil and Argentina, the region holds promise for substantial market expansion. Additionally, the growing demand for organic food products in South America further contributes to the flourishing agricultural inoculants market.

Key Players Driving Innovation

Industry leaders such as Corteva Agriscience, BASF SE, Bayer AG, and others are pivotal in shaping the market landscape. These key players emphasize strategic initiatives and innovations, underscoring the importance of their role in propelling market growth.

Agricultural Inoculants: A Growing Segment

Driven by environmental concerns associated with chemical fertilizers, the agricultural inoculants segment is projected to experience a higher CAGR in the market. The use of inoculants, promoting plant growth through beneficial bacteria, aligns with the increasing demand for organic and environmentally friendly farming practices. Major players like BASF, Bayer, and Novozymes contribute significantly by offering a wide variety of agricultural inoculants for various crops.

Oilseeds & Pulses: A Pivotal Growth Driver

The oilseeds & pulses segment stands out as a crucial driver for market growth. These crops, forming a staple diet for millions in developing countries, witness increasing cultivation, even in regions where they were not traditionally grown. With soybean production projected to reach substantial figures, the demand for oilseeds and pulses, including soybean, canola, peas, beans, and other legumes, propels the growth of this segment.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=152735696

Conclusion

The global inoculants market is in the midst of an exciting growth phase, driven by factors such as the increasing demand for high-quality dairy products, the adoption of better livestock management practices, and the rise of organic farming. With key players leading the charge and a focus on sustainable agricultural practices, the market is poised for continued expansion, contributing to a more efficient and environmentally conscious farming landscape.