Global Silage Additives Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type (Inoculants, Acids and Organic Acid Salts, Enzymes, Adsorbents and Chemical Inhibitors), Application Type (Cereal Crops, Legumes Type and Others) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Industry Analysis From 2024 to 2029

Updated On: June, 2024
ID: 1308
Pages: 175

Global Silage Additives Market Size (2024 to 2029)

The global silage additives market size is expected to reach USD 706.35 million in 2024 and reach USD 853.20 million by 2029, growing at a CAGR of 3.85% during the forecast period from 2024 to 2029.

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

Silage additives are essential in animal nutrition as they are worth increasing silage quality and regulating 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.

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.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

3.85%

Segments Covered

By Type, Application and Region

Various Analyses Covered

Global, Regional, and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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)

 

REGIONAL ANALYSIS

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 MARKET PLAYERS

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). Are some of the major key players involved in the global silage additives market.

DETAILED SEGMENTATION OF THE GLOBAL PET FOOD NUTRACEUTICALS MARKET INCLUDED IN THIS REPORT 

This research report on the global pet food nutraceuticals market has been segmented and sub-segmented based on type, application, and region.

By Type

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

By Application

  • Cereal crops
    • Corn
    • Barle
    • Oats
    • Wheat
    • Sorghum
  • Legumes
    • Peas
    • Fava beans
    • Alfalfa
    • Clover
  • Others
    • Ornamental Grass
    • Canola

By Region

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

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Frequently Asked Questions

What is the current size of the Silage Additives Market globally?

The global silage additives market is worth USD 680.16 million in 2023.

Which region dominates the Global Silage Additives Market in terms of market share?

Europe currently holds the largest market share in the Global Silage Additives Market.

What factors contribute to the growth of the Silage Additives Market in North America?

The growth of the Silage Additives Market in North America is driven by the extensive livestock industry, the adoption of advanced farming practices, and the need for high-quality forage preservation.

what is the expected growth value and CAGR of global Silage Additives Market?

The global silage additives market is expected to reach a valuation of USD 821.57 million by 2028 and is estimated to be growing at a CAGR of 3.85% during the forecast period.

who are the key market players involved in the global 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).

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