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Asia-Pacific Silage Additives Market Research Report – Segmented By Type, Application, Legumes, And Others, And Region (India, China, Japan, South Korea and Australia, South Africa, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of Asia – Pacific) - Industry Analysis on Size, Share, Trends, COVID-19 Impact And Growth Forecast From (2023 to 2028)

Published: March, 2023
ID: 1311
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia-Pacific Silage Additives Market (2023 to 2028)

The size of the Asia-Pacific silage additives market is predicted to be worth USD 191.51 million in 2023 and is estimated to be growing at a CAGR of 4.42%, during the forecast period and reach a valuation of USD 237.75 million by 2028.

Asia-Pacific is projected to be the most protruding and fastest-growing market during the forecast period. Intact markets of the Asia-Pacific region are the target of several major players. Both local and global companies are focused on growing the production capacity as well as directing awareness operations to inflate their market.

The industrial development of meat and the increase in the consumption of meat are driving the market. A rapid hike in the cost of forage has led to the pursuit of substitutes like silage additives. Grants for meat trades in countries like India are driving the producers to raise meat production thus fuelling the growth of dependent markets like silage additives.

However, a lack of awareness among farmers is obstructing the growth of the silage additives market.

This research report on the Asia-Pacific silage additives market is segmented and sub-segmented into the following categories.

Asia-Pacific Silage Additives Market – By Type:

  • Inoculants
  • Acids And Organic Acid Salts
  • Enzymes
  • Adsorbents
  • Chemical Inhibitors

Asia-Pacific Silage Additives Market – By Application:

  • Cereal crops
    • Corn
    • Barley
    • Oats
    • Wheat
    • Sorghum
  • Legumes
    • Peas
    • Fava beans
    • Alfalfa
    • Clover
  • Other Application Types
    • Ornamental Grass
    • Canola

Asia-Pacific Silage Additives Market – By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

 Japan, India, and China are the major markets in which India is projected to grow at the highest CAGR due to increasing demand for meat.

KEY MARKET PLAYERS:

BASF SE (Germany), ADDCON (Germany), Novozymes A/S (Denmark), DSM N.V. (The Netherlands), Cargill Inc., Evonik Industries AG (Germany), Selko Feed Additives (The Netherlands), Volac International Limited (U.K.), Schaumann BioEnergy GmbH (Germany) and CHR. Hansen Holdings A/S (Denmark) are some of the major key players involved in the APAC silage additives market.

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FAQ's

What is the current size of the Asia Pacific Silage Additives Market?

As of the latest data, the Asia Pacific Silage Additives Market is valued at USD 191.51 billion in 2023.

Which countries in Asia Pacific contribute significantly to the Silage Additives Market share?

China, India, and Japan are the major contributors to the Silage Additives Market in Asia Pacific.

How is the Silage Additives Market in China influenced by the growing livestock industry?

The Silage Additives Market in China is significantly influenced by the expanding livestock industry, with a rising demand for high-quality forage preservation solutions to meet the needs of the growing animal population.

What factors drive the growth of the Silage Additives Market in India?

The growth of the Silage Additives Market in India is driven by the increasing awareness of modern forage preservation practices, a growing dairy sector, and a rising focus on improving livestock feed quality.

who are the key market players involved in the Asia Pacific Silage Additives Market?

BASF SE (Germany), ADDCON (Germany), Novozymes A/S (Denmark), DSM N.V. (The Netherlands), Cargill Inc., Evonik Industries AG (Germany), etc.... some of the major key players involved in the Asia Pacific Silage Additives Market.

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