Silage Additives Market
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PUBLISHED: 2022 ID: SMRC21291
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Silage Additives Market Forecasts to 2028 – Global Analysis By Form (Liquid, Dry), Function (Stimulation, Inhibition, Other Functions), Type (NPN, Enzymes), Method and By Geography

4.7 (93 reviews)
4.7 (93 reviews)
Published: 2022 ID: SMRC21291

This report covers the impact of COVID-19 on this global market

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.

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