Market Overview
Silage preservation is used to reduce oxygen and increase acidity rapidly which helps to stabilize and preserve the forage which is further used to feed the livestock and improves the quality of nutrients in the feed. Silage additives industry is examining growth based on high usage of silage as a biofuel feedstock for anaerobic digesters. Moreover, in North America, increasing awareness of animal protein and inclination of consumers towards meat consumption are driving the growth of the market. Owing to the increased consumer awareness and availability of latest technology equipment, North America is examined to be dominating the silage additives industry.
Market Forecast
Silage additives industry is one of the sources in improving livestock feeding and increase the nutritional level in animals. Therefore, increasing focus of consumers in improvising animal health is boosting the market. Moreover, increased consumption of biofuel is driving the silage additives industry. Additionally, government regulation in Europe, North America and few regions of Asia Pacific is witnessed to be the major supporting factor in clean energy application which in turn is boosting the market of silage additives industry. However, this opportunity is increasing the number of new entrants in the industry which may hamper its growth during the forecast period 2017-2023.
All these factors will contribute to the estimated CAGR of 3.2% of silage additives during the forecast period 2017-2023.
Key Players
Archer Daniels Midland Company. (U.S.)
ADDCON GROUP GmbH. (Germany)
BASF SE (Germany)
Cargill Inc (U.S.)
Brett Brothers Ltd. (Ireland)
Evonik Industries AG (Germany)
LALLEMAND Inc. (Canada)
Market Segmentation:
Silage additives is segmented on the basis of additives, crop type, application and region.
Access Report @ https://www.marketresearchfuture.com/reports/silage-additives-marke...
Regional Analysis
The global silage additives industry is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is projected to dominate the market followed by Europe. The rising awareness of animal protein among the consumers and availability of latest technologies for innovations in animal nutrient products are driving the market growth of North America. Furthermore, Asia Pacific is expected to witness growth during the forecast period 2017-2023 owing to rising industrialization of meat. China, India and Japan are the major markets contributing to the growth of Asia Pacific market.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]