Global Silage Additives Market Analysis, Opportunity, Demand, Share, Size & Forecast
The global silage additives market is expected to grow at a formidable rate during the forecast period. The market growth can be attributed to the growing demand for better animal feed by the livestock industry, which is subsequently catering to the adoption of silage additives for enhanced and long-lasting preservation of silage crops. Silage is a green fodder and fermented product used to preserve the efficiency and nutrient of the forage crop.
In addition, the booming era of organic farming and agriculture is paving the pathway for the growth of biological silage additives, which is further anticipated to boost the global silage additives market. Increasing industrial livestock production and enhanced focus on designing nutrition programs that provide optimum nutrients to the animals are expected to drive the global silages additive market in the coming years. Growing consumption of processed meat and industrialization in the livestock industry is adding to the growth of the global silage additives market. Moreover, innovation in technology and the development of new products are expected to increase the adoption of additive silage in the global market. Increasing adoption of plant-based foods owing to the increasing vegan and vegetarian population could restrict the growth of the global silages additives market in the coming years.
The global silages additive market is segmented on the basis of type, silage crop, form, function, region, and company. Based on the type, the market is segmented into chemical, synthetic, and biological. Based on the silage crop, the market is further fragmented into corn, alfalfa, sorghum, oats, barley, rye, and others. Based on the form, the market is further divided into liquid and dry. The liquid segment is expected to gain the largest share in the global silage additives market due to the various benefits they offer. Liquid silage additives are easier to transport, store, and handle hence they are employed for various applications, which is adding to the dominance of the segment.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading Silage Additives manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, manufacturing plant location, prices of products, and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the types, silage crops, forms, function types, distribution network, and regional presence of all major Silage Additives manufacturers across the globe.
TechSci Research calculated the market size for global silage additives using a bottom-up approach, where manufacturers’ value sales data for standard product types (Chemical, Synthetic, and Biological) were recorded and forecasted for future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, secondary sources directories, databases, company annual reports, white papers, investor presentations, and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Silage Additives manufacturers, distributors and dealers, customers, and policymakers about which market segments should be targeted over the coming years (next two to five years) in order to strategize investments and capitalize on the growth of the market segment.
Attribute | Details |
Base Year | 2021 |
Historical Years | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Type · Silage Crop · Form · Function Type |
Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
Country Scope | United States; Canada; Mexico; China; India; Japan; South Korea; Indonesia; Germany; France; United Kingdom; Italy; Spain; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Iran |
Key Companies Profiled | Volac International Ltd. (UK), Schaumann BioEnergy GmbH (Germany), ADDCON GROUP GmbH (Germany), Chr. Hansen A/S (Denmark), BASF SE (Germany), BIOMIN Holding GmbH (Germany). |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
In this report, the Silage Additives have been segmented into the following categories in addition to the industry trends which have also been detailed below:
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