Silage Additives Market Overview:
The Silage Additives Market size is estimated to reach $4.6 Billion by 2030, growing at a CAGR of 5.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Silage Additives Market – By Type (Inoculants, Organic Acids, Sugars, Adsorbents, Enzymes, Preservatives and Others), By Crop (Corn, Alfalfa, Sorghum, Oats, Barley, Rye and Others), By Form (Liquid and Solid), By Source (Chemical and Biological), By Function (Simulation and Inhibition) and By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Increasing demand for meat and milk is driving the Silage Additives market as farmers seek high-quality nutritional additives for livestock. Additionally, there is a growing demand to ensure that the silage is not contaminated or spoiled by using certain additives to preserve the silage.
North America Dominated the Market in 2023:
North America accounted for the largest share of 33% of the Silage Additives Market in 2023. The region has a well-established livestock industry, particularly dairy and beef cattle, which drives a strong demand for high-quality silage additives to improve feed efficiency and animal performance. Meat consumption and production in Mexico is expected to increase over the next decade, according to the US Department of Agriculture’s Agricultural Projections to 2033 report. Mexico’s consumption of poultry, pork and beef combined is projected to reach 82.5 kilograms per capita in 2033. To meet the growing demand in Mexico, the country will likely increase its imports as well as domestic meat production. USDA’s report predicts Mexico’s chicken and pork imports will grow over the coming decade by 31% and 17%, respectively.
Silage Additives Market: Key Takeaways
Increasing Demand for Meat
The increasing global demand for meat products significantly boosts the demand for silage additives. As livestock production intensifies to meet consumer needs, there is a growing need for efficient and sustainable feed solutions. According to a 2024 report published by Brazil’s Ministry of Agriculture and Livestock (Mapa), beef exports from Brazil country will grow by 27% by 2034. Poultry production is forecast to grow by 28% in the period, with exports to increase by almost 30%. The report also states that pork production will be up by 27.5%, while exports will rise by a similar percentage. Silage additives play a crucial role in improving the quality and nutritional value of silage by enhancing feed efficiency. These additives help preserve nutrients, reduce spoilage and improve the overall digestibility of silage ultimately contributing to increased milk and meat production.
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Focus on Fiber Digestibility
Fiber digestibility is a critical factor in livestock nutrition and the focus on improving it is a significant driver in the silage additives market. High fiber digestibility enhances the energy availability from feed, boosting milk production in dairy cows and growth rates in beef cattle. Silage additives especially enzymes like cellulase play a vital role in breaking down plant fiber making it easier for animals to digest. As livestock farmers aim to maximize feed efficiency and animal performance, demand is increasing for additives that improve fiber digestibility. This focus on optimizing fiber digestion directly drives growth in the silage additives market.
Scope of the Report:
Recent Developments:
- In September 2024, DSM-Firmenich opened a new animal nutrition and health premix and additives manufacturing plant in Sadat City, Egypt.
- In March 2024, EW Nutrition acquired the Biomin Biostabil product line from DSM-Firmenich. The deal gives EW Nutrition ownership over an established and successful line of silage inoculants.
- In May 2023, FM BioEnergy has launched two new products- an easy-dosing 5-in-1 trace element digester additive and a brand-new silage additive designed to get the best biogas output from British grass.
Silage Additives Market: Competitive Landscape
Key companies profiled in the Silage Additives Market are BASF SE, ADM, DSM Firmenichs, Chr. Hansen, Lallemand Inc., Kemin Industries, Volac International Limited, Alltech, Schaumann Agri International GmbH, Wynnstay Agricultural Chemicals and others.
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