Silage Additives Market cover

Silage Additives Market by Type (Inoculants, Organic Acids & Salts, Enzymes, Adsorbents, Preservatives, and Others), Silage Type (Cereals, Legumes, and Others), and Geography (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: FB-1983
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 192
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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.

Attributes

Details

Report Title

 Silage Additives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Type (Inoculants, Organic Acids & Salts, Enzymes, Adsorbents, Preservatives, and Others), Silage Type (Cereals, Legumes, and Others)

Geographical Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Lallemand Animal Nutrition; ForFarmers NV; Chr. Hansen; BASF SE; Archer Daniels Midland Company

 

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.

Silage Additives Market types

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.

Silage Additives Market geography

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Silage Additives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Silage Additives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Silage Additives Market - Supply Chain
  4.5. Global Silage Additives Market Forecast
     4.5.1. Silage Additives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Silage Additives Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Silage Additives Market Absolute $ Opportunity
5. Global Silage Additives Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Silage Additives Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Silage Additives Demand Share Forecast, 2019-2026
6. North America Silage Additives Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Silage Additives Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Silage Additives Demand Share Forecast, 2019-2026
7. Latin America Silage Additives Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Silage Additives Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Silage Additives Demand Share Forecast, 2019-2026
8. Europe Silage Additives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Silage Additives Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Silage Additives Demand Share Forecast, 2019-2026
9. Asia Pacific Silage Additives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Silage Additives Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Silage Additives Demand Share Forecast, 2019-2026
10. Middle East & Africa Silage Additives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Silage Additives Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Silage Additives Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Silage Additives Market: Market Share Analysis
  11.2. Silage Additives Distributors and Customers
  11.3. Silage Additives Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Lallemand Animal Nutrition
     11.4.2. ForFarmers NV
     11.4.3. Chr. Hansen
     11.4.4. BASF SE
     11.4.5. Archer Daniels Midland Company

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

  • Cereals
  • Legumes
  • Others

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

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.

Silage Additives Market keyplayers

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