The global silage additives market exhibited moderate growth during 2015-2020.
Looking forward, the analyst expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Silage additives refer to the chemical compounds utilized for improving silage quality and controlling the preservation process of the fermented forage used in livestock feed. They also aid in increase the nutritional content and improving overall silage hygiene. Some commonly used silage additives include organic acids, enzymes, sugars, absorbents, mineral acids and bacterial inoculants, such as homofermentative, heterofermentative and combination products. These stimulants enhance the production of lactic acid and reduce oxygen levels to stabilize and preserve the forage. Silage additives also include various inhibitors, such as nonprotein nitrogen (NON) and propionates, to delay the unwanted silage degradation. As a result, they are widely used for crops, such as corn, alfalfa, sorghum, oats, rye, barley, wheat, clove and forage grasses.
Silage Additives Market Trends: The increasing awareness regarding animal nutrition among the masses is one of the key factors driving the market growth. Silage additives increase nutrient recovery of the feed to improve animal health and wellbeing and minimize the risks of heating leading to the development of mold in the feed during storage. High-quality silage additives also aid in promoting feed intake and enhancing animal yield. Moreover, the widespread adoption of silage as a substitute for fresh fodder or hay is providing a thrust to the market growth. In line with this, the rising emphasis on environmental safety and sustainability is also contributing to the growth of the market. Product manufacturers are developing innovative silage additive blends of buffered formic acid and propionic acid, which are environment friendly organic acids with minimal irritant and corrosive properties. Other factors, including the increasing demand for premium quality animal protein among the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global silage additives market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, form, function and silage crop.
Breakup by Type: Inoculants Organic Acids and Salts Enzymes Adsorbents Preservatives Others
Breakup by Form: Dry Liquid
Breakup by Function: Stimulation Inhibition Others
Breakup by Region: North America United States Canada Asia-Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The competitive landscape of the industry has also been examined along with the profiles of the key players being ADDCON GmbH (Esseco Group Srl), American Farm Products Inc., Archer-Daniels-Midland Company, BASF SE, BIOMIN GmbH (Koninklijke DSM N.V.), Chr. Hansen Holding A/S, Corteva Inc., Eastman Chemical Company, Josera GmbH & Co. KG, Lallemand Inc., Nutreco N.V., Schaumann BioEnergy Consult GmbH and Volac International Limited. Key Questions Answered in This Report: How has the global silage additives market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global silage additives market? What are the key regional markets? What is the breakup of the market based on the type? What is the breakup of the market based on the form? What is the breakup of the market based on the function? What is the breakup of the market based on the silage crop? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global silage additives market and who are the key players? What is the degree of competition in the industry?
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