Silage Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Silage Additives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global silage additives market size reached US$ 1,957.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,549.7 Million by 2028, exhibiting a growth rate (CAGR) of 4.50% during 2022-2028. The increasing consumption of animal nutrition, rising demand for dairy products, and the escalating need for enhancing animal yield represent some of the key factors driving the market.

Silage additives are added to fermented forage products made from grass, maize, and other crops to improve their quality, stability, and nutritional value. These additives aid in maintaining the preservation process through various inhibitors, such as non-protein nitrogen (NON) and propionates, to delay unwanted silage degradation. They also speed up and enhance the fermentation process and help break down complex carbohydrates, which increase the availability of nutrients and make silage more digestible and nutritious for livestock. Some of the commonly used silage additives include organic acids, mineral acids, enzymes, sugars, absorbents, and bacterial inoculants, such as homofermentative, heterofermentative, and combination products. At present, silage additives are widely used for crops, such as corn, alfalfa, sorghum, oats, rye, barley, wheat, clove, and forage grasses across the globe.

Silage Additives Market Trends:
At present, the increasing consciousness about health among people and rising awareness about the benefits of consuming animal nutrition represent one of the key factors positively influencing the market across the globe. In addition, silage additives increase nutrient recovery of the feed to improve the overall animal health and their well-being. Moreover, high-quality silage additives aid in promoting feed intake and improving animal yield, which is bolstering the market growth. Besides this, the growing global population is increasing the sales of meat, dairy, and other animal products. This, in turn, is catalyzing the demand for high-quality silage that can support animal health and productivity of the livestock. In addition, the widespread adoption of silage as a substitute for fresh fodder, along with the rising emphasis on environmental safety and sustainability, is contributing to the market growth. Apart from this, leading manufacturers are developing innovative silage additive blends of buffered formic acid and propionic acid, which are environment-friendly and possess minimal irritant and corrosive properties. Moreover, governments of various countries are introducing regulations to promote food safety and reduce the use of antibiotics in livestock production. Silage additives help in minimizing the risk of spoilage and improving the safety of feed, which is stimulating the growth of the market. Some of the other factors, such as increasing demand for premium quality animal protein among consumers, burgeoning e-commerce sector, and extensive research and development (R&D) activities, are stimulating the growth of the market worldwide.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global silage additives market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, form, function and silage crop.

Type Insights:

Inoculants
Organic Acids and Salts
Enzymes
Adsorbents
Preservatives
Others

The report has provided a detailed breakup and analysis of the silage additives market based on the type. This includes inoculants, organic acids and salts, enzymes, adsorbents, preservatives, and others. According to the report, inoculants represented the largest segment.

Form Insights:

Dry
Liquid

A detailed breakup and analysis of the silage additives market based on the form has also been provided in the report. This includes dry and liquid. According to the report, liquid accounted for the largest market share.

Function Insights:

Stimulation
Inhibition
Others

A detailed breakup and analysis of the silage additives market based on the function has also been provided in the report. This includes stimulation, inhibition, and others. According to the report, stimulation accounted for the largest market share.

Silage Crop Insights:

Corn
Alfalfa
Sorghum
Oats
Barley
Rye
Others

A detailed breakup and analysis of the silage additives market based on the silage crop has also been provided in the report. This includes corn, alfalfa, sorghum, oats, barley, rye, and others. According to the report, corn accounted for the largest market share.

Regional Insights:

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

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for silage additives. Some of the factors driving the North America silage additives market included the increasing consumption of animal nutrition, extensive R&D activities, high disposable incomes, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global silage additives market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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, Volac International Limited, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

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 are the drivers, restraints, and opportunities in the global silage additives market?
What is the impact of each driver, restraint, and opportunity on the global silage additives market?
What are the key regional markets?
Which countries represent the most attractive silage additives market?
What is the breakup of the market based on the type?
Which is the most attractive type in the silage additives market?
What is the breakup of the market based on the foam?
Which is the most attractive foam in the silage additives market?
What is the breakup of the market based on the function?
Which is the most attractive function in the silage additives market?
What is the breakup of the market based on the silage crop?
Which is the most attractive silage crop in the silage additives market?
What is the competitive structure of the global silage additives market?
Who are the key players/companies in the global silage additives market?