The silage additives market is anticipated to reach a value of US$ 2.4 billion in 2023 and US$ 4.0 billion by 2033. During the forecast period, silage additive sales are anticipated to increase significantly at a CAGR of 5.5%.
Farmers are being encouraged to employ silage additives in feed to increase production because of the rising demand for nutrient-dense foods. Silage quickly lowers oxygen and raises the acidity of the feed while stabilising and preserving the forage.
The rise in demand for meat and other dairy products led to the industrialisation of animal farming. As a result, farmers started upgrading their tools and boosting their inputs to promote animal growth, which raised total production.
Additionally, the development of biological silage additives is opening up new opportunities for organic farming and agriculture, which is anticipated to expand the silage additives market globally.
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In the coming years, the global silage additives market is expected to be driven by standardisation in livestock farming and a greater emphasis on designing nutrition programmes that provide optimal nutrients to the animals.
Companies’ increased focus on R&D and the development of innovative products are expected to be major factors influencing the adoption of silage additives.
With increased awareness of silage’s utility as a replacement for fresh fodder and hay, the procedure of silage production is expected to take off in emerging markets such as Asia-Pacific.
Key Takeaways from Market Study
- Heterofermentative inoculants would witness highest growth rate of 4.4% due to the introduction of combination products into the market by key manufacturers.
- The liquid segment is growing at a rate of 5.4%. The ease of transport, storage, and handling of liquid silage additives is expected to drive up demand.
- The combination product type is highly favourable and widely adopted in U.S. market which would lead market towards a revenue size of USD 1.1 Bn by 2033/
- Favourable legislative policies in U.K. about food security and feed materials is taking market towards a growth trajectory of 7.6%.
- By 2033, it is anticipated that China would provide a significant financial contribution of USD 325.6 million as consumer habits have changed in response to an increase in animal health problems there.
- South Korea would be the most lucrative region among others due to the growing import activities in the region. The high preference of corn silage is assisting in market expansion and contributing a revenue of USD 115.9 Mn by 2033.
Manufacturers are striving for innovation and excellence in silage additives market
The silage additive market is highly concentrated, with a few major global players commanding large market shares, particularly in developed markets such as North America and Europe. BASF SE, Archer Daniels Midland Company, ForFarmers NV, Chr. Hansen, and Lallemand Animal Nutrition are among the major players in the silage additives market. These companies have increased R&D spending exponentially in order to integrate innovation and excellence in product performance. During the forecast period, demand for highly efficient additives is expected to make the market more competitive and effectively dynamic.
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Latest Developments
- Volac acquired Micron Bio-Systems, a UK-based bio-science solutions company, in 2021. At its facilities in the United Kingdom and the United States, Micron Bio-Systems manufactures and sells silage additives.
- ADM Animal Nutrition will launch NutriPass L Encapsulated Lysine in July 2020. NutriPass L gives producers a competitive advantage by increasing the return on investment of nutrients fed.
| Scope of the Report | |
| Attribute | Details |
| Growth Rate | CAGR of 5.5% from 2023 to 2033 |
| Base Year of Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ Mn and Volume in Units and F-CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
| Key Segments Covered | Type |
| Form | |
| Function | |
| Silage Crop | |
| By Region | |
| Regions Covered | North America |
| Latin America | |
| Europe | |
| East Asia | |
| South Asia | |
| Middle East & Africa (MEA) | |
| Oceania | |
| Key Countries Profiled | The US |
| Canada | |
| Brazil | |
| Mexico | |
| Germany | |
| Italy | |
| France | |
| The UK | |
| Spain | |
| Russia | |
| China | |
| Japan | |
| India | |
| GCC Countries | |
| Australia | |
| Key Companies Profiled | BASF SE |
| Chr. Hansen Holding A/S | |
| Biomin | |
| Nutreco | |
| Lallemand Inc. | |
| DuPont de Nemours, Inc | |
| Shandong Baolai-leelai Bio-industrial Group | |
| Schaumann Bioenergy GmbH | |
| Micron Bio-Systems | |
| Volac International Limited | |
| Kemin India | |
| Addcon Europe GmbH | |
| Josera GmbH & Co KG | |
| NWF Group | |
| American Farm Products | |
| Cargill | |
| Microferm Ltd. | |
| Customization & Pricing | Available upon Request |
Key Segments Covered in the Silage Additives Market Report
By Type:
- Homofermentative Inoculants
- Heterofermentative Inoculants
- Combination Products
- Acids and Acid Salts
- Molasses or Sugars
- Enzymes
- Non-Protein Nitrogen (NPN) Compound
By Functions:
- Stimulation Treatment
- Inhibition Treatment
- Other functions (aerobic stability enhancer, moisture absorbent, and nutrition)
By Form:
- Powder
- Liquid
By Silage Crop:
- Corn
- Alfalfa
- Sorghum
- Oats
- Barley
- Rye
- Other Crops (wheat, legumes, clovers, etc.)
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