Silage Additives Market

Numerous Advantages of Silage over Hay to Anticipate the Growth of Silage Additives Market

Silage is grass and crops that are cut, fermented, compressed, and stored for the dry season, and therefore, is also known as pickled pasture. Silage stored in a silo has a moisture content between 40-60%, allowing it to retain a higher portion of nutrients as compared to the drying storage method used for hay. Also, the farm animals do not digest hay whereas silage can be easily digested by them.

This turns out to be a low-cost option for providing high energy feed and fattening ruminant cattle. Silage is better than hay in terms of nutritional content, digestibility, storability, and palatability. Thus, farmers and individuals from the dairy and meat industries prefer such popular feeding options and use silage additives to further enhance the feed quality.

Growing Demand for Silage Additives due to Increasing Production of Industrial Livestock

The demand for animal-based protein keeps on increasing day after day largely owing to higher demand for processed foods in the developed and developing nations. To meet this demand, commercial livestock producers, dairy businesses and several food outlets are pumping out greater outputs of meat and dairy products.

The boost in the production of industrial livestock would accelerate the demand for feed additives such as silage additives to supply the livestock with essential proteins and nutrients, ultimately providing the consumers with nutrition-rich high-quality meat and milk products.

Global Silage Additives: Key Players

The key players manufacturing silage additives are as follows –

• Pioneer Hi-Bred International, Inc.
• Volac International Limited
• Schaumann BioEnergy GmbH
• Biomin
• Josera GmbH & Co. KG
• BASF SE
• ADDCON, Chr.
• Hansen Holding A/S
• American Farm Products Inc.,
• Trouw Nutrition
• Micron Bio-Systems,
• Lallemand.

Opportunities for Global Silage Additives Market Participants:

Taking into consideration the factors such as urbanization, the rapid growth of meat-eating population, government sanctions for use of feed additives, thriving popularity of organic farming, and the increasing competitiveness in the animal feed industry, the key manufacturers of salvage additives should focus on developing new and better products at low operating costs.

The East Asian and the North American markets account for more than 40% of the world’s beef imports wherein North America bags the top spot. The European market offers a lucrative opportunity to the market players of silage additives due to its largest market share in milk exports. The South Asian and the Latin American markets are emerging as the top exporters of meat and thus promises a great amount of business in future to the silage additives market players.

COVID-19 Impact:

The COVID-19 pandemic initially had a tremendous impact on the meat industry owing to the unconfirmed claims relating the spread of disease with other meat products. With increasing concerns over food hygiene, the world witnessed a downfall in the sales of milk and milk products as well.

In addition to this, the logistics and supply chain industry took a severe hit, thereby limiting the sale channels of silage feed additives. However, with world governments offering special relief packages to businesses and promoting continuity of work by implementing standard health and safety measures, the silage additive market is expected to experience a short term impact on its growth.   

The Silage Additives market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the silage additives market, including but not limited to: regional markets, nature, premix type, product type, and nature

The report covers exhaustive analysis on:

• Silage additives market segment
• Silage additives market dynamics
• Silage additives market size
• Silage additives supply and demand
• Current trends/issues/challenges pertaining to silage additives market
• Competition landscape and emerging market participants in silage additives market
• Technology related to production/processing of silage additives
• Value chain analysis of the silage additives market

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Rest of Latin America)
• Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)

The silage additives market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the silage additives market report projects the attractiveness of each major segment over the forecast period.