North America Silage Additives Market was worth $101.36 million in 2021 and estimated to be growing at a CAGR of 3.29%, to reach $200.64 million by 2026. North America is a partially developed market in the world for Silage additives in terms of intake. Silage additives have been used as production enhancers in cattle for many years. Enhancements have been and are being made and there are plenty evidence supporting positive responses in animal performance from treated silage.
Market Drivers:
The market is contemporary and vastly structured mainly in central parts of the region. The future of the Silage additives market in North America is very positive due to the rising emphasis of governments on feed cost drop and increasing animal productivity. Growing meat consumption, food safety apprehensions, and refining meat prices in North America are some of the key drivers for the growth of the Silage additives market. The affordability of silage additives for farmers is acting as a constrain for the market.
Inoculants
Ornamental Grass and Canola are other application types of silage additives. Inoculants have the major market share among the Silage Additives material type and are predicted to grow with the growing demand for silage additives in the livestock industry.
Geographical Analysis:
Geographically the market is segmented into
The USA is a major market for silage additives in the North America Region and is estimated to grow at a higher rate compared to Canada during the forecast period.
Key Players:
Some of the major market players offering silage additives are BASF SE, ADDCON, Novozymes A/S, DSM N.V., Cargill Inc., Evonik Industries AG, Selko Feed Additives, Volac International Limited, Schaumann BioEnergy GmbH, and CHR. Hansen Holdings A/S.
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 United States
6.3 Canada
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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