The global silage additive market is estimated to be worth USD 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 USD 2,935.6 million.
Attributes | Details |
---|---|
Global Silage Additive Market Size (2024E) | USD 2,935.6 million |
Projected Silage Additive Market Value (2034F) | USD 4,902.9 million |
Value-based CAGR (2024 to 2034) | 5.4% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Market Statistics | Details |
---|---|
Jul to Dec (H2), 2022 (A) | 6.8% |
Jan to Jun (H1), 2022 (A) | 6.2% |
Jan to Jun (H1), 2023 Projected (P) | 7.3% |
Jan to Jun (H1), 2023 Outlook (O) | 6.9% |
Jan to Jun (H1), 2024 Projected (P) | 9.2% |
Jul to Dec (H2), 2023 Outlook (O) | 6.9% |
Jul to Dec (H2), 2023 Projected (P) | 7.9% |
Global sales of silage additives increased at a 4.1% CAGR from 2019 to 2023. Over the next ten years, the global market for silage additives is expected to thrive at a CAGR of 5.4%.
Global silage additives sales are predicted to increase significantly between 2024 and 2034. The formation of significant organizations, such as the European Feed Additives Manufacturers Association (FEFANA) and the British Association of Feed Supplement & Additive Manufacturers (BAFSAM), is crucial in promoting a community amongst cattle and ruminant owners.
This community-building initiative has increased members' awareness regarding optimal practices for the betterment of the dairy industry. By diligently studying various animal feed additives, specialty ingredients, and feed ingredients, these associations aim to boost productivity collectively. Additionally, they facilitate cross-border communication, fostering a more efficient exchange of ideas and innovation.
As exemplified by Lallemand Animal Nutrition, manufacturers are actively working to enhance knowledge about properly cutting and storing silage. Companies are instituting expert panels and support teams to streamline the application of silage additives, ensuring a hassle-free experience for users. Notably, Ecosyl, a subsidiary of Volac International Limited, has strategically deployed regional experts to provide continuous assistance for optimal outcomes.
To further encourage the adoption of silage additives, manufacturers are offering free consultation services, a move expected to positively influence consumer perceptions and drive increased consumption of Silage Additives. This proactive approach by industry associations and manufacturers signals a concerted effort to advance knowledge, streamline application processes, and ultimately contribute to the overall improvement of the global dairy industry.
Regions | North America |
---|---|
Countries | United States |
Value CAGR (2024 to 2034) | 4.4% |
Regions | Europe |
---|---|
Countries | United Kingdom |
Value CAGR (2024 to 2034) | 7.5% |
Regions | Europe |
---|---|
Countries | Germany |
Value CAGR (2024 to 2034) | 4.5% |
Regions | Asia Pacific |
---|---|
Countries | India |
Value CAGR (2024 to 2034) | 6.2% |
Regions | Asia Pacific |
---|---|
Countries | Japan |
Value CAGR (2024 to 2034) | 6.0% |
The silage additives industry in the United States is expected to exhibit a 4.4% CAGR through 2034.
The silage additive market growth in the United Kingdom is estimated at a 7.5% CAGR through 2034.
The sales of silage additives in Germany are anticipated to surge at a 4.5% CAGR through 2034.
The demand for silage additives in India is expected to rise at a CAGR of 6.2% and hold a dominant market share of 40.0% in the South Asia region.
The demand for silage additives in Japan is anticipated to rise at a 6.0% CAGR through 2034.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Segment | Heterofermentative Inoculants (Product Type) |
---|---|
Value (2024) | USD 875.0 million |
Based on product type, the heterofermentative inoculants segment garnered USD 875.0 million in 2024.
Segment | Liquid (Form) |
---|---|
Value (2024) | USD 2,550.0 million |
Based on form, the liquid form segment generated USD 2,550.0 million in 2024.
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
Attribute | Details |
---|---|
Market Size Value in 2024 | USD 2,935.6 million |
Market Forecast Value in 2034 | USD 4,902.9 million |
Global Growth Rate | 5.4% CAGR |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Volume (MT) and Value (US$ million) |
Key Regions Covered | Latin America, Europe, North America, South Asia, East Asia, Oceania, and MEA |
Key Countries Covered | the United States, Brazil, Mexico, Chile, Argentina, Peru, Italy, Spain, Germany, France, Canada, the United Kingdom, the Belgium, Russia, Netherlands, the Nordic region, Poland, Japan, South Korea, China, India, Thailand, Singapore, Australia, Indonesia, Malaysia, Gulf Cooperation Council countries, New Zealand, Central Africa, and South Africa |
Key Market Segments Covered | Product Type, Form, Function, Silage Crop, and Region |
Pricing | Available upon Request |
The silage additive market size is valued at USD 2,935.6 million in 2024.
The market is estimated to reach USD 4,902.9 million by 2034.
The market revenue is anticipated to increase at a CAGR of 5.4% from 2024 to 2034.
North America is expected to hold a leading market share of 31.8% by 2034.
BASF SE, Chr. Hansen Holding A/S, Biomin, Lallemand Inc., DuPont de Nemours, Inc., Kemin Shandong Baolai-Leela Bio-industrial Group, Schaumann Bioenergy GmbH, Micron Bio-Systems, Volac International Limited, Eastman and Chemorse are the few leading players operating in the market.
1. Executive Summary 2. Market Overview 3. Global ABC Market Outlook 4. Market Dynamics 5. Global Market - Pricing Analysis 6. Value Chain Analysis 7. Global Market Size (in Value (USD billion) and Volume (Units) Analysis 2019 to 2023 and Forecast, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 8.1. Homofermentative Inoculants 8.2. Heterofermentative Inoculants 8.3. Combination Products 8.4. Acids and Acid Salts 8.5. Molasses or Sugar 8.6. Enzymes 8.7. Non-Protein Nitrogen Compound 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form 9.1. Powder 9.2. Liquid 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Function 10.1. Stimulation Treatment 10.2. Inhibition Treatment 10.3. Other Functions 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Silage Crop 11.1. Corn 11.2. Alfalfa 11.3. Sorghum 11.4. Oats 11.5. Barley 11.6. Rye 11.7. Other Crops 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. East Asia 12.5. South Asia 12.6. Oceania 12.7. Middle East & Africa 13. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 19. MEA Market Analysis 2019 to 2023 and Forecast 2024 to 2034 20. Country-level Market Analysis 21. Market Structure Analysis 22. Competition Analysis 22.1. Bernard Brewery 22.2. Asahi Dry Zero 22.3. Anheuser-Busch InBev S 22.4. Beck's Non-Alcoholic 22.5. BASF SE 22.6. Chr. Hansen Holding A/S 22.7. Biomin 22.8. Lallemand Inc. 22.9. DuPont de Nemours, Inc. 22.10. Kemin 22.11. Shandong Baolai-leelai Bio-industrial Group 22.12. Schaumann Bioenergy GmbH 22.13. Micron Bio-Systems 22.14. Volac International Limited 22.15. Eastman 22.16. Chemorse 22.17. Addcon Europe GmbH 22.18. American Farm Products 22.19. Wausau Chemical Corporation 22.20. Josera GmbH & Co KG 22.21. DeLaval Corporate 22.22. Nuhn Forage Inc. 22.23. Trouw Nutrition 22.24. Archer Daniels Midland Company 22.25. Cargill Inc. 22.26. AgroChem, Inc. 22.27. DeKalb Genetics Corporation 22.28. NWF Agriculture 22.29. Other Players (On Additional Requests) 23. Assumptions and Acronyms Used 24. Research Methodology
Explore Food and Beverage Insights
View Reports