Share on

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 2023 to 2028

Published: March, 2023
ID: 1308
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Silage Additives Market (2023 to 2028)

The global silage additives market is worth USD 680.16 million in 2023 and is estimated to grow at a CAGR of 3.85% during the forecast period and to reach a valuation of USD 821.57 million by 2028.

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 2028

Base Year

2022

Forecast Period

2023 to 2028

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)

 

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

Global Silage Additives Market – By Type:

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

Global Silage Additives Market – By Application:

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

Global Silage Additives Market – By Region:

  • 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 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.

Please wait. . . . Your request is being processed

FAQ's

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).

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample