Silage Additives Market
Silage Additives Market Forecasts to 2028 – Global Analysis By Form (Liquid, Dry), Function (Stimulation, Inhibition, Other Functions), Type (NPN, Enzymes), Method and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $1.92 BN |
|
Projected Year Value (2028) |
US $2.97 BN |
|
CAGR (2021 - 2028) |
6.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Silage Additives Market is accounted for $1.92 billion in 2021 and is expected to reach $2.97 billion by 2028 growing at a CAGR of 6.4% during the forecast period. Silage additives are used as stimulants of fermentation to increase nutrient recovery of feed to enhance animal performance and to decrease the risk of heating and molding during storage of feed.
Market Dynamics:
Driver:
Increasing demand for beef and dairy products
Increasing demand for beef and dairy products is project to drive the market. Lately, developing countries such as India are exhibiting increasing consumption of beef, while some other South Asian countries are reporting a rise in milk consumption. This rise in demand for milk and beef has been fuelling the demand for silage additives for ensuring high quality and quantity of beef and milk. For instance, according to Food and Agriculture Organization (FAO), the production of beef is anticipated to grow by 7% over the next years.
Restraint:
Lack of knowledge among farmers
Due to lack of awareness about the benefits of the silage additives for the farmers, the adoption of these additives is low in the market. The government has also support the farmers for the usage of silage additive feed by providing the funds and fiscal relief. Furthermore, a new alternative in feed additive is one of the major restrain for the market.
Opportunity:
The government sanctions for use of feed additives
Owing to the growing emphasis on environmental safety and sustainability, the elevating adoption of silage as an alternative for fresh fodder or hay is further augment the global opportunities for market. Growing awareness of farmers about increased performance of animals consuming treated silage has led to a surge in demand for the products. Additionally, rise in cost of forage and feed additives have created opportunity for silage additives.
The liquid segment is expected to be the largest during the forecast period
Inclination for liquid additives can be attributable to various benefits they offer. Moreover, liquid concentrates are highly chosen for various applications. For instance, due to their ease in transport, storage, and handling the demand for liquid silage additives is expected to pick up. The segment will also gain from the improved use of chemical additives in emerging countries.
The inoculants segment is expected to have the highest CAGR during the forecast period
Inoculants are widely used as additives due to their ability to improve the fermentation phase and increase the nutritional value of the forage. Bacterial inoculants inoculate the forage with desirable types of lactic acid-producing bacteria, thereby catalyzing the fermentation process that yields lactic acid as the primary end-product. Silage additive uses to reduce the oxygen level and increase the acidity of lactic acid that is further use to preserve the forage grass.
Region with largest share:
Asia Pacific is projected to hold the largest market share owing to increasing per capita expenditure for food products and the highest consumption of animal protein in the region. Customers are showcasing increasing inclination towards products providing adequate labelling. Hence silage additives accounts for about 49% of all of China’s ginseng market and the consumption is constantly increasing every year.
Region with highest CAGR:
North America is projected to have the highest CAGR owing to the growth in awareness and an increase in the production of corn silage in the US and Canada. The substantial growth of exportable commodities in order to meet the export quality standards, strong government initiatives, and ongoing research will boost the market in this region.
Key players in the market:
Some of the key players profiled in the Silage Additives Market include BASF SE, Archer Daniels Midland Company, Eastman Chemical Company, Nutreco N.V., BIOMIN Holding GmbH, ForFarmers NV, Micron Bio-Systems, Volac International Limited, DuPont de Nemours, Inc, Cargill, Microferm Ltd. and Chr. Hansen Holding A/S.
Key developments:
In September 2013: BASF acquired Verenium Corporation for the production of high performance enzymes.
In July 2018: BASF launched Lupro-Cid NA, a low-irritant as well as high natural acid that is a composite of buffered formic acid and propionic acid.
In July 2021: BASF and Cargill expanded their collaboration to grow market advanced enzyme-based solutions for the animal feed industry.
In May 2019: Ecosyl launched eco applicators for the application of liquid as well as dry silage additives.
Forms Covered:
• Liquid
• Dry
Functions Covered:
• Stimulation
• Inhibition
• Other Functions
Crops Covered:
• Corn
• Barley
• Alfalfa
• Oats
• Rye
• Sorghum
• Other Crops
Types Covered:
• Non-Protein Nitrogen (NPN) Nutrients
• Organic Acids & Salts
• Enzymes
• Sugars
• Inoculants
• Other Types
Methods Covered:
• Synthetic and Biological
• Chemical
Applications Covered:
• Cereals
• Pulses
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Silage Additives Market, By Form
5.1 Introduction
5.2 Liquid
5.3 Dry
6 Global Silage Additives Market, By Function
6.1 Introduction
6.2 Stimulation
6.3 Inhibition
6.4 Other Functions
6.4.1 Moisture Absorption
6.4.2 Nutritive Value Addition
6.4.3 Prevention of Effluent Loss
7 Global Silage Additives Market, By Crop
7.1 Introduction
7.2 Corn
7.3 Barley
7.4 Alfalfa
7.5 Oats
7.6 Rye
7.7 Sorghum
7.8 Other Crops
7.8.1 Forage Grasses
7.8.2 Wheat
7.8.3 Ornamental Grasses
7.8.4 Legumes
7.8.5 Clovers
8 Global Silage Additives Market, By Type
8.1 Introduction
8.2 Non-Protein Nitrogen (NPN) Nutrients
8.3 Organic Acids & Salts
8.4 Enzymes
8.5 Sugars
8.6 Inoculants
8.6.1 Heterofermentative
8.6.2 Homofermentative
8.6.3 Combination Products
8.7 Other Types
8.7.1 Mineral Acids
8.7.2 Acid Additives
8.7.3 Absorbents
8.7.4 Preservatives
9 Global Silage Additives Market, By Method
9.1 Introduction
9.2 Synthetic and Biological
9.3 Chemical
10 Global Silage Additives Market, By Application
10.1 Introduction
10.2 Cereals
10.3 Pulses
11 Global Silage Additives Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 BASF SE
13.2 Archer Daniels Midland Company
13.3 Eastman Chemical Company
13.4 Nutreco N.V.
13.5 BIOMIN Holding GmbH
13.6 ForFarmers NV
13.7 Micron Bio-Systems
13.8 Volac International Limited
13.9 DuPont de Nemours, Inc
13.10 Cargill
13.11 Microferm Ltd.
13.12 Chr. Hansen Holding A/S
List of Tables
1 Global Silage Additives Market Outlook, By Region (2020-2028) ($MN)
2 Global Silage Additives Market Outlook, By Form (2020-2028) ($MN)
3 Global Silage Additives Market Outlook, By Liquid (2020-2028) ($MN)
4 Global Silage Additives Market Outlook, By Dry (2020-2028) ($MN)
5 Global Silage Additives Market Outlook, By Function (2020-2028) ($MN)
6 Global Silage Additives Market Outlook, By Stimulation (2020-2028) ($MN)
7 Global Silage Additives Market Outlook, By Inhibition (2020-2028) ($MN)
8 Global Silage Additives Market Outlook, By Other Functions (2020-2028) ($MN)
9 Global Silage Additives Market Outlook, By Moisture Absorption (2020-2028) ($MN)
10 Global Silage Additives Market Outlook, By Nutritive Value Addition (2020-2028) ($MN)
11 Global Silage Additives Market Outlook, By Prevention of Effluent Loss (2020-2028) ($MN)
12 Global Silage Additives Market Outlook, By Crop (2020-2028) ($MN)
13 Global Silage Additives Market Outlook, By Corn (2020-2028) ($MN)
14 Global Silage Additives Market Outlook, By Barley (2020-2028) ($MN)
15 Global Silage Additives Market Outlook, By Alfalfa (2020-2028) ($MN)
16 Global Silage Additives Market Outlook, By Oats (2020-2028) ($MN)
17 Global Silage Additives Market Outlook, By Rye (2020-2028) ($MN)
18 Global Silage Additives Market Outlook, By Sorghum (2020-2028) ($MN)
19 Global Silage Additives Market Outlook, By Other Crops (2020-2028) ($MN)
20 Global Silage Additives Market Outlook, By Forage Grasses (2020-2028) ($MN)
21 Global Silage Additives Market Outlook, By Wheat (2020-2028) ($MN)
22 Global Silage Additives Market Outlook, By Ornamental Grasses (2020-2028) ($MN)
23 Global Silage Additives Market Outlook, By Legumes (2020-2028) ($MN)
24 Global Silage Additives Market Outlook, By Clovers (2020-2028) ($MN)
25 Global Silage Additives Market Outlook, By Type (2020-2028) ($MN)
26 Global Silage Additives Market Outlook, By Non-Protein Nitrogen (NPN) Nutrients (2020-2028) ($MN)
27 Global Silage Additives Market Outlook, By Organic Acids & Salts (2020-2028) ($MN)
28 Global Silage Additives Market Outlook, By Enzymes (2020-2028) ($MN)
29 Global Silage Additives Market Outlook, By Sugars (2020-2028) ($MN)
30 Global Silage Additives Market Outlook, By Inoculants (2020-2028) ($MN)
31 Global Silage Additives Market Outlook, By Heterofermentative (2020-2028) ($MN)
32 Global Silage Additives Market Outlook, By Homofermentative (2020-2028) ($MN)
33 Global Silage Additives Market Outlook, By Combination Products (2020-2028) ($MN)
34 Global Silage Additives Market Outlook, By Other Types (2020-2028) ($MN)
35 Global Silage Additives Market Outlook, By Mineral Acids (2020-2028) ($MN)
36 Global Silage Additives Market Outlook, By Acid Additives (2020-2028) ($MN)
37 Global Silage Additives Market Outlook, By Absorbents (2020-2028) ($MN)
38 Global Silage Additives Market Outlook, By Preservatives (2020-2028) ($MN)
39 Global Silage Additives Market Outlook, By Method (2020-2028) ($MN)
40 Global Silage Additives Market Outlook, By Synthetic and Biological (2020-2028) ($MN)
41 Global Silage Additives Market Outlook, By Chemical (2020-2028) ($MN)
42 Global Silage Additives Market Outlook, By Application (2020-2028) ($MN)
43 Global Silage Additives Market Outlook, By Cereals (2020-2028) ($MN)
44 Global Silage Additives Market Outlook, By Pulses (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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