The Europe silage additives market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for animal feed preservatives.
The objective of silage additives is to reduce oxygen and increase acidity rapidly. Stimulants, such as bacterial inoculants, sugars, and enzymes are intended to improve the acid production of lactic acid bacteria. Inhibitors, such as propionates, nonprotein nitrogen, and acids slow down unwanted silage degradation.
The value of a particular additive depending on the situation and requirement. No silage additive is expected to make up for poor silage management. It is estimated that about 30-35% of farmers that produce silage use additives. Silage making process is complex and dependant on many factors, such as natural microbial population, harvesting conditions, and the sugar content of the forage.
Silage quality can be variable and additives control the fermentation process, which in turn, enables reduction in losses and improvement of silage stability. additives are used to improve the nutrient and energy recovery in silage, which results in improvements of animal performance. It also ensures silage ferments rapidly and minimizes the activity of microorganisms.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing awareness regarding the usability of silage additives as a substitute for hay is expected to drive the market growth.
- Rapid industrialization of livestock production is driving farmers to adopt optimum nutrition for cattle, increasing the usage of silage additives, propelling the market expansion.
- Rising population and increasing purchasing power are projected to boost the market growth.
- High consumption of meat products is directly aid to the growth of silage additives market.
- Lack of awareness regarding silage additives among farmers and the incorrect way of fermenting forage can hamper the market expansion during the forecast period.
- Soaring prevalence of compound feed as well as feed additives that weaken the demand for forage can hinder the growth of the market.
- Increasing R&D investments to develop innovative products is expected to create significant opportunities for the market players in the projected timeline.
Scope of the Report
The report on the Europe silage additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe Silage Additives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Inoculants, Organic Acids & Salts, Enzymes, Adsorbents, Preservatives, and Others), Applications (Cereals, Legumes, and Others)
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Geographical Scope
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Germany, UK, France, Spain, Russia, Italy and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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BASF SE, Archer Daniels Midland Company, ForFarmers NV, Chr. Hansen, Lallemand Animal Nutrition, Brett Brothers Ltd, Carrs Billington, Scotmin, and Wynnstay group.
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Europe Silage Additives Market Segment Insights
Inoculants segment to account a large market share
On the basis of types, the market is segmented into inoculants, organic acids & salts, enzymes, adsorbents, preservatives, and others. The inoculants segment is anticipated to constitute a key market share during the forecast period owing to the fact that they act as a tool to reduce dry matter losses. Moreover, they have huge effect on losses when used together with sound silage management practices. Inoculants have positive impact on hay crop silage and the least on corn silage. Bacterial inoculants are thus designed to grow fast under a range of conditions.
Cereals segment is expected to grow at a significant pace
In terms of applications, the market is divided into cereals, legumes, and others. The cereals segment is expected to expand at a robust pace in the coming years due to increasing use of cereals in feed production.
The UK is anticipated to dominate the market
On the basis of geography, the market is categorized as Germany, UK, France, Spain, Russia, Italy, and Rest of Europe. The UK is anticipated to dominate the market during the forecast period. The country’s market growth can be attributed to increasing demand for highly efficient additives.
Segments
Segments Covered in the Report
The Europe silage additives market has been segmented on the basis of
Types
- Inoculants
- Organic Acids & Salts
- Enzymes
- Adsorbents
- Preservatives
- Others
Applications
Geography
- Germany
- UK
- France
- Spain
- Russia
- Italy
- Rest of Europe
Key Players
- BASF SE
- Archer Daniels Midland Company
- ForFarmers NV, Chr. Hansen
- Lallemand Animal Nutrition
- Brett Brothers Ltd
- Carrs Billington
- Scotmin
- Wynnstay group
Competitive Landscape
Key players competing in the Europe silage additives market include BASF SE, Archer Daniels Midland Company, ForFarmers NV, Chr. Hansen, Lallemand Animal Nutrition, Brett Brothers Ltd, Carrs Billington, Scotmin, and Wynnstay group.
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