Silage Additive Market Size, Share, And Trends By Type (Organic Acids, Enzymes, Sugars, Inoculants, Others), By Crop (Wheat, Corn, Oats, Barley, Others), By Form (Dry, Liquid) And Geography - Forecasts From 2019 To 2024

Description

Silage additives are products added to forage and grains for the purpose of reducing oxygen and increasing acidity in order to stabilize and preserve forage. The rising focus to improve animal health and animal-based products is expected to be a key factor driving the market for silage additives. The rising population along with changing lifestyle has led to increased demand for meat which is anticipated to fuel the market in the coming years. Further, the growing livestock farming and livestock feed industry is expected to boost the silage additive market during the forecast period. The market has been segmented on the basis of type, crop, form and geography. In the type segment inoculants are projected to hold a significant share on account of the increasing demand by farmers for silage additives. Geographically, Asia Pacific is estimated to be a prominent share holder owing to the si9gnificant livestock industry along with the rising population which is leading to increased demand for meat which in turn is estimated to fuel the market.

DRIVERS

Budding livestock feed industry.

Supportive government initiatives.

RESTRAINT

Low awareness among consumers

INDUSTRY UPDATES

In January 2016, Nutreco acquired Micronutrients a global leader in hydroxy-based minerals.

The major players profiled in the Silage Additive market include Nutreco, Cargill Incorporated, Volac International Ltd., Chr. Hansen Holding A/S, Micron Bio Systems, ADDCON, American Farm Products, Schaumann BioEnergy Gmbh, EnviroSystems UK Ltd., Scotminn Nutrition, Brett Brothers Limited, Wynnstay Agriculture,

Segmentation

The Silage Additive market has been analyzed through the following segments:

By Type

Organic Acids

Enzymes

Sugars

Inoculants

Others

By Crop

Wheat

Corn

Oats

Barley

Others

By Form

Dry

Liquid

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others