Silage additive Market: Market Outlook
Silage is a green fodder and a fermented product. It used to preserve the nutrient of the forage crop, which further used for feeding the livestock. Silage is store in an airtight container, silos, and cylinder to preserve the nutrient of the grain. Silage is used in the cattle feed industry. Silage additive also contains the anaerobic bacteria that give efficient fermentation and desired results. The primary role of the silage additive to reduce the fermentation losses and improve the nutrient efficiency of grains. Inhibitors and stimulators also play a major role in silage additive growth. Inhibitors slow down the unwanted silage degradation whereas stimulators help to grow the lactic acid bacteria to reduce the silage pH at a faster rate. Silage additive uses to reduce the oxygen level and increase the acidity of lactic acid that is further use to preserve the forage grass. Silage additives are important in the animal feed due to it preserving the nutrient of grain, which can further be use in the future. Higher the consumption of processed meat driven the silage additive growth worldwide.
Growing the demand for animal feed in the livestock industry and thriving in organic farming has increased the demand for Silage additive in the global market.
The Silage additive market is driven by the growing meat consumption among the consumers as the consumer are more heath conscious and adopting the high protein diet in their lifestyle. Industrialization in the livestock industry and higher the demand for animal protein driven the silage additive growth in the global market. Rapid urbanization and higher the demand for processed food is driving the livestock farmer to increase the nutrition value for cattle which also encourage to usage of silage additive product. However, a new alternative in feed additive is one of the major restrain for the market. Furthermore, the government has also support the farmers for the usage of silage additive feed by providing the funds and fiscal relief. The innovation in technology and development of the new product increased focus on R&D by the key manufacturer expected to the one of the key factor that increase the demand of additive silage in the global market. However, lack of knowledge among farmers is also obstructing the growth of silage additive in global world.
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On the basis of Type, the Silage additives market has been segmented as follows:
- Synthetic and biological
On the basis of Crop, the Silage additives market has been segmented as follows:
- Other crops
On the basis of Function, the Silage additives market has been segmented as follows:
On the basis of Form, the Silage additives market has been segmented as follows:
On the basis of Region, the Silage additives market has been segmented as follows:
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
Global Silage additives Market: Key Players
Some of the key players of Silage market are Brett Brothers Ltd., Volac International Ltd., Trouw Nutrition, Schaumann BioEnergy Gmbh, ADDCON Group Gmbh, Chr. Hansen holding Gmbh, BASF SE, Evonik Industries AG, Lallemand Inc., DuPont Pioneer, Micron Bio-Systems, Biomin Holding GmbH, American Farm Products, Cargill Inc., Novozymes A/S, Josera pet foods Gmb and others.
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Opportunities for Market Participants in the Silage additives Market-
Higher the consumption of meat population and growth in the meat industry has increased the demand for silage additive in the global market. An increase in awareness by using silage additives as a substitute for fresh fodder driven the growth of silage additive demand in the global market. Asia Pacific region is a leading player in the silage additive market by showing the highest value share due to increasing per capita expenditure for food products and the highest consumption of animal protein in the region. North America is the second leading player after the Asia pacific. Europe display the higher growth rate in the silage additive market due to higher the consumption of a high protein diet.
COVID-19 Impact on Global Silage additive Market
As the world is suffering through global pandemic COVID-19, and every sector including the food and beverage sector is also facing the challenges of maintaining the growth in this tough situation. The silage additive production has affected by the lack of raw material exaggerated the supply-chain activities. However, the silage additive market would be expected to witness a moderate impact due to COVID-19 disease.