The silage additives market size is projected to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising awareness about the benefits of silage production.
Silage is a fermented product that is used to feed cattle. Silage aids in the preservation of the forage crop's original nutrients for livestock feeding. Silage additives are used to boost the nutritional value of the forage and enhance the general cleanliness of the silage. Silage helps to improve the quality of meat and other livestock-derived products. Silage is produced by harvesting a high-moisture-content fodder crop and fermenting it in a tower, pit, bunker, trench, or plastic silo. Silage additives work as preservatives, promoting fermentation, preventing microorganisms from stealing nutrients, and lowering effluent from the ensiled fodder.
Silage additives are beneficial to animal nutrition because they improve silage quality and regulate the preservation process. Silage additives containing anaerobic bacteria accelerated fermentation, whereas silage additives containing acid and acid salts inhibit undesirable microbial activity that causes silage degradation.
Market Trends, Drivers, Restraints, and Opportunities
- Rising awareness is projected to fuel the market during the forecast period.
- Rapid industrialization is key factors propelling the market during the forecast period.
- High cost of product is expected to hamper the market growth.
- Low quality feed act as major challenges that can restrict the market during the forecast period.
- R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.
Scope of the Report
The report on the 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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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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Type (Inoculants, Organic Acids & Salts, Enzymes, Adsorbents, Preservatives, and Others), Silage Type (Cereals, Legumes, and Others)
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Geographical Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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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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Lallemand Animal Nutrition; ForFarmers NV; Chr. Hansen; BASF SE; Archer Daniels Midland Company
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Market Segment Insights
The inoculants segment is projected to represent a major market share
Based on type, the silage additives market is divided into inoculants, organic acids & salts, enzymes, adsorbents, preservatives, and others. The inoculants segment is expected to represent a key share of the market during the forecast period. Factors such as increasing demand for homofermentative inoculants among silage farmers, and introduction of combination products in the market by key players are driving demand for inoculants. The inoculant promotes graphite precipitation and development, as well as iron solidification based on a stable Fe-C system, by providing nucleation sites.
The cereals segment is expected to grow at a rapid pace
On the basis of silage type, the silage additives market is divided into cereals, legumes, and others. The cereals segment is expected to hold a key share of the market during the forecast period. Cereals are grass seeds/grains that are farmed to maximize the yield of their fruit (seed), which consists of germ, endosperm, and bran and is also known as the caryopsis. Substantial supply of protein B vitamins, especially foliate, is abundant in this food.
North America is expected to dominate the market
On the basis of geography, the silage additives market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. Farmers in the North America have long practiced the production of silage. Due to the region's changing climatic circumstances, animals, particularly cattle, have limited access to new fodder under harsh weather conditions, necessitating the storage of fresh forage in the form of silage. Bacterial silage inoculants are the most commonly used silage additives accounting for more than 70% of total silage additive consumption in the US.
Segments
Segments Covered in the Report
The silage additives market has been segmented on the basis of
Type
- Inoculants
- Organic Acids & Salts
- Enzymes
- Adsorbents
- Preservatives
- Others
Silage Type
Geography
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Lallemand Animal Nutrition
- ForFarmers NV
- Chr. Hansen
- BASF SE
- Archer Daniels Midland Company
Competitive Landscape
Key players competing in the silage additives market include Lallemand Animal Nutrition, For Farmers NV, Chr. Hansen, BASF SE, and Archer Daniels Midland Company.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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