Silage Additives Market

Silage Additives Market Size & Growth 2022 - 2027:

The silage additives market was worth USD 630 .67 million in 2021 and is estimated to be growing at a CAGR of 3.85%, to reach USD 798.3 million by 2026.

Silage additives have been used to increase the ensiling procedure with successive enhancements in animal performance. Its advantages have created an opportunity for Silage Additives Market.

Silage additives are essential in animal nutrition as they are worth to increase silage quality and regulate the conservation process so that by the time of nurturing it has maintained as many of the nutrients existing in the original fresh forage as possible. That, in turn, enhances animal performance and fitness; consequently, refining the yield and value of food from animal origin. Silage additive thus helps make superior forage into good quality silage. The demand for meat has accelerated due to the continuous increase in population, lifestyle variations, and cultural inclinations.

Silage Additives Market Drivers:

The industrialization of animals and meat production is the driving factor of the market. An increase in demand for animal protein all around the globe has applied pressure on livestock farmers for better quality and quantity. This condition has created an opportunity for silage additive producers. However, less efficiency of silage additives in comparison with other additives is likely to obstruct the growth of the market.

SILAGE ADDITIVES MARKET REPORT COVERAGE:

Market Segmentation:

Silage Additives Industry – By Type:

• Inoculants
• Acids and Organic acid salts
• Enzymes
• Adsorbents
• Chemical Inhibitors

Silage Additives Industry – By Application:

• Cereal crops
• Corn
• Barle
• Oats
• Wheat
• Sorghum
• Legumes
• Peas
• Fava beans
• Alfalfa
• Clover

Regional Analysis of the Silage Additives Market:

Geographically the market is segmented into

• North America
• Europe
• Asia-Pacific
• Latin America
•  Middle-East and Africa

Asia-Pacific is the fastest-growing market in silage additives during the forecast period. The Guidelines from the Government in this region to decrease imports of meat & escalate home production and funding to livestock farmers is projected to give an increase to the livestock industry.

Key Players in Silage Additives Market:

• BASF SE (Germany)
• ADDCON (Germany)
• Novozymes A/S (Denmark)
• DSM N.V. (The Netherlands)
• Cargill Inc. (U.S.)
• Evonik Industries AG (Germany)
• Selko Feed Additives (The Netherlands)
• Volac International Limited (U.K.)
• Schaumann BioEnergy GmbH (Germany)
• CHR. Hansen Holdings A/S (Denmark)