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The Global Silage Additives Market is segmented by Type (Inoculants, Organic Acids & Salts, Enzymes, Adsorbents, Preservatives, and Other Types), by Silage Type (Cereals, Legumes, and Other Silage Types), and By Geography
Fastest Growing Market:
The Global Silage Additives Market is projected to register a CAGR of 4.2% over the forecast period (2020-2025). Silage is an important means of preservation of fresh fodder for animals for the availability of roughage and nutrients during extreme weather conditions. The production of silage is a well-established practice in North America and Europe and the trend is fast catching up in Asia-Pacific.
The Global Silage Additives Market is segmented by Type into Silage Inoculants, Organic Acids & Salts, Enzymes, Adsorbents, Preservatives, and Other Types, and by Silage Type into Cereals, Legumes, and Other Silage Types. The market is also segmented by geography to cover the key market trends across major countries in North America, Europe, Asia-Pacific, South America and Middle-East & Africa.
|Organic Acids & Salts|
|Other Silage Types|
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On the one hand, global livestock production is getting increasingly industrialized. This means that average herd sizes are increasing across regions, and the productivity of farm animals have been increasing. This has led to an increased focus on designing nutrition programs that provide optimum nutrients to the animals across the year. However, there has also been an increased emphasis on making livestock farming more sustainable from an environmental and food safety perspective. In order to provide sustainability to silage production, companies active in the silage additives market are focusing on developing products that provide the twin benefit of providing lower environmental footprint, without compromising on the productivity benefits. This has been especially true in the case of the market for organic acids and salts, which leave a bigger environmental footprint over other products. In 2018, BASF launched Lupro-Cid® NA, which is a blend of buffered formic acid and propionic acid and is a low-irritant and low-corrosive organic acid. Increased focus on environmental safety and sustainability is expected to be the major product development criterion in the global silage additive market.
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Production of silage is a well-established practice by the farmers in the North American region. The varying climatic conditions in the region mean that very little fresh forage is available for animals, especially cattle, in extreme weather conditions and this necessitates the storage of fresh forage in the form of silage. Bacterial silage inoculants are the most-used silage additives in the region, which constitute over 70% of the overall usage of silage additives in the United States. Bacterial Inoculants supplement natural lactic acid bacteria on the harvested forage crop, in order to provide a uniformly fermented silage. With respect to silage type, cereal-based forage (majorly corn) constitute around 40% of the market in North America. With a well-established production base for silage and a highly aware customer-base, the region is expected to remain the major contributor to the global silage additive market over the forecast period.
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The Global Silage Additive Market is consolidated with a few major global players garnering high market shares, especially in developed markets such as North America and Europe. These companies have been increasing R&D spending exponentially to integrate innovation with excellence in their products’ performance. Demand for highly efficient additives is expected to make the market more competitive and effectively dynamic during the forecast period. Some of the major players in the global silage additive market include BASF SE, Archer Daniels Midland Company, ForFarmers NV, Chr. Hansen, and Lallemand Animal Nutrition, among others.
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.2 Organic Acids & Salts
5.1.6 Other Types
5.2 Silage Type
5.2.3 Other Silage Types
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 Rest of Asia-Pacific
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 BASF SE
6.3.2 Archer Daniels Midland Company
6.3.3 ForFarmers NV
6.3.4 Chr. Hansen
6.3.5 Lallemand Animal Nutrition
6.3.6 Eastman Chemical Company
6.3.7 Nutreco N.V.
6.3.8 ADDCON GmbH
6.3.9 BIOMIN Holding GmbH
7. MARKET OPPORTUNITIES AND FUTURE TRENDS