Silage Additives Market to Record an Exponential CAGR by 2026
Silage
is a fermented product which is used as cattle feed. Silage helps in
preserving original nutrients in the forage crop for feeding the
livestock. Silage additives are added to the forage to increase the
nutritional value and improve hygiene of silage. Silage ensures
improved quality of meat and various other products derived from
livestock. Silage is produced by harvesting a forage crop at a high
moisture content and subsequently, fermenting the crop in a pit,
tower, bunker, trench, or plastic silos. Increasing consumption of
meat has driven the market for silage additives. Silage has created
immense opportunities for launch of innovative products in animal
nutrition.
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Silage
additives are important for animal nutrition, as they are means to
improve silage quality and control the preservation process.
Increased focus on enhancing feed utilization and improvising animal
health are fueling the silage additives market. Rising consumption of
biofuels is also driving the silage additives market, especially in
developed countries. Increasing demand for meat consumption due to
constant rise in population and changes in lifestyle and cultural
trends is boosting the market for silage additives. Industrialization
of the livestock & animal proteins sector, followed by increasing
requirement for animal proteins, is a key factor propelling the
silage additives market. However, efficient production of
precision-chopped silage additives requires higher investments in
processing equipment.
In
terms of type, the silage additives market can be classified into
bacterial inoculants, non-protein nitrogen, minerals, organic acids,
sugars, enzymes, nutrients, and other additives. Among these types,
inoculants are widely used as additives due to their ability to
improve the fermentation phase and increase the nutritional value of
the forage. Bacterial inoculants inoculate the forage with desirable
types of lactic acid-producing bacteria, thereby catalyzing the
fermentation process that yields lactic acid as the primary
end-product. Non-protein nitrogen (NPN) silage additives contain urea
and anhydrous ammonia, which can be added to silages to increase
their crude protein content. Enzyme additives usually degrade plant
cell walls produces substrate for the production of lactic
acid-producing bacteria. Based on type of silage crop, the silage
additives market can be categorized into cereals, pulses, and other
crops.
The
global silage additives market witnessed robust growth in 2017 and
the trend is estimated to continue during the forecast period. North
America is a major market for silage additives. Rise in the demand
for animal proteins in North America is anticipated to offer
attractive growth opportunities to the silage additives market in the
region. Increasing focus of governments on reducing the feed cost and
boosting animal productivity is driving the silage additives market
in developed regions such as North America and Europe. Silage
inhibitors, a type of silage additive, are frequently used in
extremely wet silages produced in northern Europe, where drying
conditions are often poor. Germany, the U.K., and France are some of
the major importers of silage additives. Rise in population,
urbanization, and changes in lifestyle are anticipated to boost the
silage additives market in the Asia Pacific region during the
forecast period. The silage additives market in Latin America and
Africa is expected to expand significantly, owing to availability of
farm lands and animal feeding in these regions.
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Key
players operating in the global silage additives market include
ADDCON, Volak (the U.K.), Trouw Nutrition, and Lallemand.
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