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 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) |
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.
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.
By Type
By Application
By Region
Frequently Asked Questions
The global silage additives market is worth USD 680.16 million in 2023.
Europe currently holds the largest market share in the Global Silage Additives Market.
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.
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.
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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