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Silage Additives Market Research Report- Forecast to 2030

Silage Additives Market Information: by Additive (Inoculants, Acid Additive, Absorbents, Nutrients, and others), By Crop Type (Corn, Alfalfa, Clovers, and others), By Application (Cereals, Pulses, and others), and Region Forecast till 2030

ID: MRFR/AGR/3080-HCR | December 2022 | Region: Global | 110 Pages         

Silage Additives Market

Silage additives market is expected to grow USD 3.02 billion at a CAGR 4.67% for the during forecast 2022-2030.

Segmentation

By Additive Inoculants Acid Additive Absorbents Nutrients
By Crop Type Corn Alfalfa Clovers
By Application Cereals Pulses

Key Players

  • Archer Daniels Midland Company. (U.S.)
  • ADDCON GROUP GmbH. (Germany)
  • BASF SE (Germany)
  • Cargill Inc (U.S.)
  • Brett Brothers Ltd. (Ireland)
  • Evonik Industries AG (Germany)
  • LALLEMAND Inc. (Canada)

Drivers

  • Increasing Focus of Governments on Feed Cost Reduction
  • Boosting Animal Productivity

Silage Additives Market Overview:


Silage additives market is expected to grow USD 3.02 billion at a CAGR 4.67% for the during forecast 2021-2030.

Silage is a plant material, used as cattle feed, that has undergone fermentation. The primary goal of making silage is to maximize the preservation of original nutrients in the forage crop for feeding the livestock later. Silage is also one of the sources of biofuel. Silage additives are added to the forage to increase the nutritive value and improve the hygiene of the silage. Silage being an animal feed, ensures improved quality in the meat processors and various products derived from livestock.  Also, increasing consumption of meat has stimulated the market of silage additives. Moreover, it has created tremendous opportunities for innovative products in animal nutrition.


Market Scenario


Silage additives are important for animal nutrition as they are means to improve silage quality and control the preservation process so that it can be used further for feeding livestock which is supporting the market growth. Increased focus on enhancing feed utilization and improvising animal health are driving the growth of the silage additives market. Additionally, the rising consumption of biofuels is driving the growth of the silage additives market, especially in developed countries. Moreover, increasing demand for meat consumption due to incessant rise in population, changing lifestyle and cultural trends is boosting the market of silage additives. The industrialization of the stock and animal protein industry followed by the growing requirement of animal protein is a key factor in the growth of the silage additives market.


Furthermore, the involvement of the government in promoting clean energy is a major driving force for the silage additives market. Moreover, focusing on R&D is bringing innovative products in animal nutrients. However, rising new entrants in the feed additive industry may constraint the growth of the market. 


Intended Audience



  • Biofuel manufacturers

  • Livestock industry

  • Agricultural feed manufacturers

  • Traders, importers, and exporters


 Key Findings



  • Application of silage additives in cereals and pulses is projected to grow at a higher rate as compared to other application segments.

  • In North America, corn is an important silage crop.


Segments


Silage additives are segmented by additives including inoculants, acid additives, absorbents, nutrients, and others. Among all, inoculants are widely used additives based on their ability to improve the fermentation phase and increase the nutritional value of the forage.



  • On the basis of crop type, silage additive is segmented as corn silage, alfalfa silage, clovers silage and others. However, corn silage dominates the market followed by alfalfa silage.

  • Based on the application, silage additives are segmented into cereals, pulses and others. Among these, cereal is expected to dominate the market followed by pulses. They together are expected to account for half of the silage additive consumption. 


Regional Analysis


The silage additives market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America market projects the major share of silage additives market followed by Europe. Rise in demand for animal protein in the region has exerted pressure on livestock farmers. This situation has generated an opportunity for Silage additive manufacturers. The increasing focus of governments on feed cost reduction and boosting animal productivity is driving silage additives market in these regions.


However, Asia Pacific market is expected to be the fastest growing market during the forecast period. The industrialization of meat and increasing consumption of meat population is driving the market. Germany, U.S., U.K., Belgium, and France are the major importers of silage additives.


Key Players


Some of the key players profiled in the global silage additives market are Archer Daniels Midland Company. (U.S.), ADDCON GROUP GmbH. (Germany), BASF SE (Germany), Cargill Inc (U.S.), Brett Brothers Ltd. (Ireland), Evonik Industries AG (Germany), LALLEMAND Inc. (Canada)


The global silage additives market is segmented under the following regions


North America



  • U.S.

  • Canada

  • Mexico


Europe



  • Germany

  • France

  • Italy

  • Spain

  • U.K.

  • Rest of Europe


Asia Pacific



  • China

  • India

  • Australia

  • Japan

  • Rest of Asia Pacific


Rest of the world



  • Brazil

  • Argentina

  • South Africa

  • Others


The report for silage additives market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market’s segments and regions.



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Frequently Asked Questions (FAQ) :

silage additives market is projected to grow at approximately 4.67% CAGR during the assessment period (2021-2030).

Cereals and pulses is the largest application segment in the global silage additives market.

Augmenting demand for animal protein and involvement of government in R&D to bring innovative products in animal nutrients, are the major tailwinds pushing the growth of the global silage additives market.

North America holds the largest share in the global silage additives market, followed by Europe and the Asia Pacific, respectively.

Archer Daniels Midland Company. (U.S.), BASF SE (Germany), Addcon Group GmbH. (Germany), Cargill Inc. (U.S.), Evonik Industries AG (Germany), Brett Brothers Ltd. (Ireland), and LALLEMAND Inc. (Canada), are some of the top players operating in the global silage additives market.