Silage Additives Market

Global Silage Additives Market Size (2024 to 2032)

The global silage additives market was valued at USD 680.16 million in 2023 and is anticipated to reach USD 706.35 million in 2024 from USD 955.59 million by 2032, growing at a CAGR of 3.85% during the forecast period from 2024 to 2032.

Silage additives have been used to increase the ensiling procedure with successive enhancements in animal performance. Its advantages have created an opportunity for the Silage Additives Market.

Silage additives are essential in animal nutrition as they are worth increasing silage quality and regulating the conservation process so that by the time of nurturing, it has maintained as many of the nutrients existing in the original fresh forage as possible. That, in turn, enhances animal performance and fitness, consequently refining the yield and value of food from animal origin. Silage additive thus helps make superior forage into good quality silage. The demand for meat has accelerated due to the continuous increase in population, lifestyle variations, and cultural inclinations.

The industrialization of animals and meat production is the driving factor of the market. An increase in demand for animal protein all around the globe has applied pressure on livestock farmers for better quality and quantity. This condition has created an opportunity for silage additive producers.

However, the low efficiency of silage additives compared with other additives is likely to obstruct the growth of the market.

REPORT COVERAGE

REGIONAL ANALYSIS

Asia-Pacific is the fastest-growing market in silage additives during the forecast period. The Guidelines from the Government in this region to decrease imports of meat & escalate home production and funding to livestock farmers is projected to give an increase to the livestock industry.

KEY MARKET PLAYERS

BASF SE (Germany), ADDCON (Germany), Novozymes A/S (Denmark), DSM N.V. (The Netherlands), Cargill Inc. (U.S.), Evonik Industries AG (Germany), Selko Feed Additives (The Netherlands), Volac International Limited (U.K.), Schaumann BioEnergy GmbH (Germany), CHR. Hansen Holdings A/S (Denmark). Are some of the major key players involved in the global silage additives market.

DETAILED SEGMENTATION OF THE GLOBAL PET FOOD NUTRACEUTICALS MARKET INCLUDED IN THIS REPORT 

This research report on the global pet food nutraceuticals market has been segmented and sub-segmented based on type, application, and region.

By Type

• Inoculants
• Acids and Organic acid salts
• Enzymes
• Adsorbents
• Chemical Inhibitors

By Application

• Cereal crops
  • Corn
  • Barle
  • Oats
  • Wheat
  • Sorghum
• Legumes
  • Peas
  • Fava beans
  • Alfalfa
  • Clover
• Others
  • Ornamental Grass
  • Canola

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa