Silage Additives Market 1

Global Silage Additives Market Information- Forecast till 2023

Silage Additives Market Research Report -

Global Forecast till 2023

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Silage Additives Market Overview

Silage Additives Market are important for animal nutrition as they are means to

improve silage quality and control the preservation process, so that it can be used

further for feeding livestock which is supporting the market growth. Increased focus

on enhancing feed utilization and improvising animal health are driving the growth

of Silage Additives Market. Additionally, rising consumption of biofuels is driving

the growth of silage additive market especially in the developed countries. Moreover,

increasing demand for meat consumption due to incessant rise in population,

changing lifestyle and cultural trends is boosting the market of silage additives.

Industrialization of stock and animal protein industry followed by growing

requirement of animal protein is a key factor in the growth of silage additives market.

Furthermore, involvement of government in promoting clean energy is a major

driving force for the silage additive market. Moreover, focus on R&D is bringing

innovative products in animal nutrients. However, rising new entrants in feed additive

industry may constraint the growth of market.

Competitive Analysis

The major key players in the Silage Additives Market

• Archer Daniels Midland Company. (U.S.)

• ADDCON GROUP GmbH. (Germany)

• Cargill Inc (U.S.)

• Evonik Industries AG (Germany)

• BASF SE (Germany)

• Brett Brothers Ltd. (Ireland)

• LALLEMAND Inc. (Canada)

High focus on R&D is increasing the innovations in animal nutrients products. This is

backed up by the changing lifestyle and inclination towards meat consumption among

the consumers. Moreover, government regulations supporting clean energy have

opened doors for the new entrants in this industry.

Downstream Analysis

Based on additives, Silage Additive Market is segmented by inoculants, acid additive,

absorbents, nutrients and others. Among these, inoculants dominate the market as

it comprises of anaerobic lactic acid bacteria which is used to increase the

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fermentation rate in silage. High cost of forage and the rise in the cost of feed inputs

have raised the market for silage inoculants.

Based on the crop type which includes corn silage, alfalfa silage, clovers silage and

others; corn silage is dominating the market. North America is projected to have

high consumption of corn silage.

Additionally, based on application; cereal and pulses are witnessing dominance over

others. They together cover more than half the market of silage additive.

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Regional Analysis

Global Silage Additives Market is segmented into Europe, North America, Asia Pacific,

and rest of the world (RoW). North America is projected to dominate the market

followed by Europe. The rising awareness of animal protein among the consumers

and availability of latest technologies for innovations in animal nutrient products are

driving the market growth of North America. Furthermore, Asia Pacific is expected to

witness growth during the forecast period 2017-2023 owing to rising industrialization

of meat. China, India and Japan are the major markets contributing to the growth of

Asia Pacific market.

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Silage Additives Market 1

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