According to Stratistics MRC, the Global Silage Additives market is expected to grow from $0.54 billion in 2015 to reach $0.80 billion by 2022 with a CAGR of 5.2%. Industrialization of stock and animal protein industry is a favourable factor driving the market growth. Focus to improve feed consumption and to advance the health in the animals is an additional factor for expansion in silage additives market. Increase in requirement for animal protein in the region has exerted force on livestock farmers.
Inoculants segment accounted for the largest market share during the forecast period due to the rising demand for silage additives in the livestock industry. Europe accounted for highest market share in terms of revenue due to increasing awareness among the farmers regarding transforming the damaged field crops into forage crops.
Some of the key players in global Silage Additives market include ADDCON, ADM, BASF, Cargill Inc., Evonik Industries AG, ForFarmers, Pearce Group of Companies, Lallemand, Novozymes A/S, Nutreco, Organic farmers, Schaumann BioEnergy GmbH, American Farm Products, Volac International Limited, and Wynnstay group.
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• Chemical Inhibitors
• Acid Additives
• Organic acid salts
o Lactic Acid Bacteria Inoculants
• Cereal crops
o Other Cereal crops
o Other legumes
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o South Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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