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The North America 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 ( United States, Canada, Mexico and Rest of North America).
2016 - 2026
The North America Silage Additives Market is projected to register a CAGR of 5.1% 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. The development of innovative products and increased focus on R&D by companies is expected to be one of the key factors driving the adoption of silage additives. With an increase in awareness regarding the usability of silage as a substitute for fresh fodder or hay, the practice of production of silage, as a whole is expected to continue to increase. Increased industrialization of livestock production, driven by increased demand for animal protein by end consumers is driving farmers to adopt optimum nutrition for cattle, leading to an increased usage of silage additives.
The North America 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 such as United States, Canada, Mexico and Rest of North America.
|Organic Acids & Salts|
|Other Silage Types|
|Rest of North America|
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Production meat has been increasing in keeping with the high demand for animal protein in the region. The health-conscious American population created a demand for higher quality meat from the processing industries owing to increased safety concerns. Considerable growth in the industrial production of livestock was witnessed in the region in order to meet the increased demand for meat. These factors consequently created a demand for silage additive employment in the livestock feed, in turn boosting the market. Silage additives are used to enhance the good quality silage into the best quality silage. The market is expected to grow due to the pressure from the government to increase local production of meat and reduce costs incurred on meat imports.
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Inoculants dominate the silage additive market in the region, followed by enzymes and together they account for a share of more than 65% of the market share, by type. A natural silage fermentation is brought about by lactic acid bacteria on the crop. Silage inoculants apply high numbers of specially selected lactic acid bacteria that dominate the natural lactic acid bacteria and bring about a faster, most efficient fermentation. Some inoculants have also been proven to bring about animal performance benefits. There are mainly two main types of silage inoculants, the traditional homofermentative types, such as Lactobacillus plantarum, the Pediococcus species, and Enterococcus faecium, and the more recently used heterofermentative bacteria, Lactobacillus buchneri. A third type, combining homofermenters with L. buchneri, is beginning to be marketed. Silage inoculant are in high demand in the region as they improve silage fermentation quality by locking in valuable silage nutrients to obtain more milk or meat from every ton fed. Thus, the growth trend of the market is likely to be positive during the forecast period.
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The North America Silage Additive Market is consolidated with a few major global players garnering high market shares, especially as the markets in the region are quite developed. 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 Lallemand Animal Nutrition, Archer Daniels Midland Company, Kemin Industries, and Pioneer Hi-Bred International (Corteva Ag.) 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 United States
5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 American Farm Products
6.3.2 Pioneer Hi-Bred International (Corteva Ag.)
6.3.3 Archer Daniels Midland Company
6.3.4 Lallemand Animal Nutrition
6.3.5 Kemin Industries
6.3.6 Eastman Chemical Company
6.3.7 Cargill Inc.
6.3.8 BASF SE
6.3.9 BIOMIN Holding GmbH
6.3.10 Canadian Hay & Silage Ltd.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19