The global silage additive market is estimated to be worth US$ 4,902.9 million by 2034. According to the estimates, the market is projected to clock a 5.4% CAGR until 2034. In 2024, the silage additive market size is valued at US$ 2,935.6 million.
The growing demand for nutritious food is encouraging farmers to use silage additives in feed to boost productivity. As it stabilises and preserves the forage, silage rapidly reduces oxygen and increases acidity in the fodder.
The industrialization of animal farming was prompted by an increase in demand for meat and other dairy products. As a result, farmers began modernising their equipment and adding additional inputs to enable animal growth, thereby increasing overall productivity.
Furthermore, the thriving era of organic farming and agriculture is paving the way for the growth of biological silage additives, which is expected to boost the global silage additives market.
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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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Competitive Landscape
The silage additive market has a diverse and dynamic competitive landscape. Leading companies specializing in various fields focus on research and development, sustainable sourcing, and new formulations. These companies emphasize environmentally friendly practices, product certifications, and satisfying the increased demand for natural and sustainable ingredients. Additionally, it attempts to preserve its market position and benefit from the growing demand by focusing on innovation, quality, and matching customer preferences.
Recent Developments
- In May 2023, FM BioEnergy introduced two exciting new products: a breakthrough easy-dosing 5-in-1 trace element digester additive and a brand-new silage additive developed to maximize biogas output from British grasses.
- In March 2023, Volac, a United Kingdom-based business, developed a new feed additives branch in order to help the international feed sector improve efficiency and fulfill the Net Zero goal.
- In 2022, BASF and AMVAC® announced a collaboration to develop Rhizo-Flo® granular soybean inoculant, adding to the SIMPAS-applied Solutions™ portfolio. This partnership aims to enhance agricultural solutions for improved soybean cultivation.
- In 2022, Alltech introduced Egalis™, a premium range of silage inoculants designed to optimize nutrient retention and minimize dry matter loss. This new offering enhances the company’s commitment to animal nutrition and health.
Key Companies in the Silage Additive Market
- BASF SE
- Chr. Hansen Holding A/S
- Biomin
- Lallemand Inc.
- DuPont de Nemours, Inc.
- Kemin
- Shandong Baolai-leelai Bio-industrial Group
- Schaumann Bioenergy GmbH
- Micron Bio-Systems
- Eastman
- Chemorse
- Volac International Limited
- Others (on additional 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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