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Silage Additives Market Size, Share, and Industry Analysis, By Type (Organic Acids, Enzymes, Inoculants, and Others), By Crop (Alfalfa, Corn, Sorghum, and Others), and Regional Forecast, 2024-2032

Region : Global | Report ID: FBI107227 | Status : Ongoing

 

KEY MARKET INSIGHTS

Silage additives are natural or industrial products that are added in large quantities to feed or grain chunks. The purpose of these additives is to control the preservation process so that many of the nutrients in the original fresh animal feed are preserved for longer. This preservation process helps in the growth of lactic acid bacteria during the fermentation process. Silage additives help to ferment glucose, fructose, sucrose, fructans, and pentose sugars and enable the crop to grow in moisture environments.


Moreover, with the increasing awareness among farm owners about silage additives through communication mediums such as media advertisement, the prominent players in the market started to follow several strategies of new product launches and expand their portfolios in all regions. Manufacturers are increasing their investment in expanding their current production capacity to meet the constant demand for livestock products and introducing the latest product lines to gain a competitive advantage.


  • For instance, in March 2019, ADM, an animal nutrition company, established a new innovative high-tech livestock facility in Illinois, one of North America's most advanced facilities.


Impact of COVID-19 on Silage Additives Market


The impact of the COVID-19 pandemic on the market has been mixed with high volatility in the supply and demand of the products across regions. In the initial stages of the pandemic, as consumers were hoarding up supplies, the demand for products such as animal feed saw a sudden spike. As the supply of silage additives was restricted, the availability of high-quality animal feed in the market was constrained.  

Additionally, the transportation and logistics cost also increased during the period. Certain transportation facility providers started to charge exorbitant prices to transport the materials, which caused a spike in logistics rates. It also caused a delay in shipments across the world. This constricted the supply chain and impacted the inbound and outbound transfer of products. Hence, the cost of livestock products increased during that period, which affected the buying power of consumers, impacting silage additives market growth to a considerable extent.

Key Insights


The report will cover the following key insights:


  • Products launched by key market players

  • Overview of the market

  • Supply chain challenges

  • Regulatory analysis

  • Impact of COVID-19 on silage additives market


Analysis by Type


The inoculants segment is expected to grow at the highest CAGR in the market. This was due to the surging demand for homofermentative inoculants to improve the feeding quality among the silage farmers and the introduction of combination products in the market by the manufacturers.

Analysis by Crop 


The corn segment is expected to grow at the highest growth rate in the market as crop growers choose the silage additives for the efficiency of corn crop production and to gain improved results. This helps to improve the production of corn silage in European and North American countries by enhancing their productivity and increasing the usage of corn silage in dairy farms.

Regional Analysis


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North America silage additives market share is expected to witness appreciable growth over the forecast period. This was due to the growing product demand among cattle owners. The changing climatic conditions in the region indicate the presence of very little fresh feed for animals, especially cattle, in these extreme weather conditions, which necessitates the storage of forage. Moreover, bacterial silage inoculants are the most-used silage additives in the region.

Key Players Covered


The report includes key market participants such as Trouw Nutrition, Volac International Limited, Chr. Hansen, BASF, Schaumann BioEnergy Lallemand, DuPont Pioneer, Koninklijke DSM N.V., American Farm Products, and Josera GmbH & Co. KG.

Segmentation
















 By Type


 By Crop


 By Geography



  • Organic Acids

  • Enzymes

  • Inoculants

  • Others




  • Alfalfa

  • Corn

  • Sorghum

  • Others




  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)

  • South America (Brazil, Argentina, and Rest of South America)



Key Industry Developments



  • August 2021: Volac International Limited company acquired Micron Bio-Systems, a U.K.-based bio-science solutions company. Micron Bio-Systems manufactures and sells silage additives in the U.K. and the U.S.

  • July 2020: ADM Animal Nutrition Company introduced NutriPass L Encapsulated Lysine. The product can be easily mixed with a wide range of feed ingredients and manufactured in the U.S.





  • Ongoing
  • 2023
  • 2019-2022

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