Middle-East and Africa Silage Additives Market was worth $71.94 million in 2021 and estimated to be growing at a CAGR of 3.63%, to reach $81.07 million by 2026.
The growth of silage additives has generated great prospect for inventive products in animal diet. Increasing necessity for animal protein has exercised force on cattle farmers. The goal of silage preservation is to reduce oxygen and increase acidity rapidly so that lactic acid bacteria grow to stabilize and preserve the forage. Stimulants, such as bacterial inoculants, sugars, and enzymes, are intended to improve the growth of lactic acid bacteria and their acid production.
Middle-East and Africa Silage Additives Market Drivers:
The rise in the cost of commercial forage encouraged the farmers in the region to employ silage additives, in turn driving the market in the region. Modernizations in production methods to decrease the cost of production are added priority of the local manufacturers. The other alternatives like compound feed are impacting the market negatively.
Acids
Ornamental Grass and Canola are other application types of silage additives. Inoculants have the major market share among the Silage Additives material type and is predicted to grow with the growing demand for silage additives in the livestock industry.
Geographical Analysis:
Geographically the market is segmented into Middle-East and Africa. The market in the Middle East is anticipated to grow at the highest rate while Africa holds the largest share of the market.
Key Players:
Some of the major market players offering silage additives are
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Type
5.1.1 Inoculants
5.1.2 Acids and Organic acid salts
5.1.3 Enzymes
5.1.4 Adsorbents
5.1.5 Chemical Inhibitors
5.2 By Application
5.2.1 Cereal Crops
5.2.1.1 Corn
5.2.1.2 Barley
5.2.1.3 Oats
5.2.1.4 Wheat
5.2.1.5 Sorghum
5.2.2 Legumes
5.2.2.1 Peas
5.2.2.2 Fababbeans
5.2.2.3 Alfalfa
5.2.2.4 Clover
5.2.3 Other Applications
5.2.3.1 Ornamental Grass
5.2.3.2 Canola
6. Geographical Analysis
6.1 Introduction
6.2 Middle-East
6.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 BASF SE
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 ADDCON
8.3 Novozymes A/S
8.4 DSM N.V.
8.5 Cargill Inc.
8.6 Evonik Industries AG
8.7 Selko Feed Additives
8.8 Volac International Limited
8.9 Schaumann BioEnergy GmbH
8.10 CHR. Hansen Holdings A/S
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook & Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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