The goal of silage preservation is to reduce oxygen and increase acidity rapidly, so that lactic acid bacteria grow to stabilize and preserve the forage. Stimulants, such as bacterial inoculants, sugars, and enzymes, are intended to improve the growth of lactic acid bacteria and their acid production. Inhibitors, such as propionates, nonprotein nitrogen, and acids, should slow down unwanted silage degradation.
Market Analysis and Insights: Global Silage Additives Market
Due to the COVID-19 pandemic, the global Silage Additives market size is estimated to be worth US$ 1516.7 million in 2023 and is forecast to a readjusted size of US$ 1758.9 million by 2030 with a CAGR of 2.5% during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Inoculants accounting for % of the Silage Additives global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Corn segment is altered to an % CAGR throughout this forecast period.
The North American region accounted for the highest adoption of silage additives in the livestock industry in 2018, owing to the growth in awareness and increase in the production of corn silage in the US and Canada. Asia Pacific is projected to be the fastest-growing region for the silage additives market in agricultural applications from 2018 to 2023. The significant growth of exportable commodities from the dairy sector, in order to meet the export quality standards, strengthened the market potential for local silage additive manufacturers to develop various products based on organic acids, NPN nutrients, and sugars.
Global Silage Additives Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the markets growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market experts opinions have been taken to understand the market better.
Global Silage Additives Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
- Inoculants
- Organic acids
- Sugars
- Enzymes
- NPN nutrients
- Others
Segment by Application
- Corn
- Alfalfa
- Sorghum
- Oats
- Barley
- Rye
- Others
By Company
- Lallemand
- Dupont Pioneer
- Schaumann Bioenergy
- Chr. Hansen
- BASF
- Nutreco
- Micron Bio-Systems
- Volac
- Addcon
- American Farm Products
- Josera
Production by Region
- North America
- Europe
- China
- Japan
Consumption by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Taiwan
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Latin America
- Mexico
- Brazil
- Argentina
