The global silage additive market is poised to cross US$ 2,935.6 million in 2024 and is likely to attain a valuation of US$ 4,902.9 million by 2034. The silage additive market size is projected to expand at a CAGR of 5.4% from 2024 to 2034.
With the global population on a continuous rise, the demand for beef and dairy products is expected to experience sustained growth. The Food and Agriculture Organization (FAO) projections indicate a 7% increase in beef production over the next decade.
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This surge is particularly being experienced in developing Asian countries, driven by urbanization and rising disposable incomes. Notably, India and other South Asian nations are witnessing a rise in milk consumption. This evolving landscape underscores the critical role of silage additives in ensuring the high quality and quantity of beef and milk production. As these regions become focal points for heightened consumption, the silage additives market is poised for significant expansion. Efficient forage preservation methods are paramount to meet the escalating demand for nutritious and high-quality livestock feed.
Because of the continuous trend of technical developments in precision agriculture, the silage additive market is expanding significantly. Businesses are integrating advanced tools and data analytics into silage additive solutions as precision farming technology advance. This makes it possible for farmers to apply chemicals more precisely and effectively, improving overall operational effectiveness and the preservation process. The trend highlights a deliberate alignment with the larger trajectory of digital transformation in the agricultural sector, therefore establishing producers of silage additives as key players in the effective and precision-driven advancement of contemporary farming techniques.
Key Takeaways from the Silage Additive Market Report:
- The global silage additive market size expanded at a 4.1% CAGR from 2019 to 2023.
- The heterofermentative inoculants segment garnered US$ 875.0 million in 2024.
- The liquid form segment generated US$ 2,550.0 million in 2024.
- The market size in the United States is projected to increase at a 4.4% CAGR through 2034.
- The market size in the United Kingdom is anticipated to develop at a 7.5% CAGR through 2034.
- The market size in India is estimated to surge at a 6.2% CAGR through 2034.
- The market size in Japan is expected to thrive at a 6.0% CAGR through 2034.
“The silage additive market demonstrates robust growth, fueled by increasing awareness, sustainable farming practices, and innovative product offerings. Collaborations, precision technologies, and a focus on nutrient retention contribute to a positive trajectory. This dynamic landscape reflects a promising future for the silage additive market within the agricultural sector.” Says a lead analyst at Future Market Insights (FMI)
Competitive Landscape
The silage additive market is highly competitive. 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 key silage additives manufacturers listed in the report. These companies are expanding product portfolios, employing strategies like advertising, partnerships, acquisitions, agreements, and mergers to maintain market relevance and drive growth in the silage additives market.
Recent Developments
- In May 2023, FM BioEnergy launched two new products: an easy-dosing 5-in-1 trace element digester addition and a silage additive designed to enhance biogas output from British grasses.
- In March 2023, Volac, a United Kingdom-based company, launched a feed additives branch to enhance efficiency and achieve the Net Zero target in the global feed sector.
- 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.
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In its new offering, Future Market Insights (FMI) provides an unbiased analysis of the global silage additives market presenting historical demand assessment (2019 to 2023) and forecast statistics for 2024 to 2034.
The study incorporates compelling insights on the silage additives market based on Type (Homofermentative Inoculants, Heterofermentative Inoculants, Combination Products, Acids and Acid Salts, Molasses or Sugar, Enzymes, Non-Protein Nitrogen Compound), Form (Powder and Liquid), Function (Stimulation Treatment, Inhibition Treatment and Other Functions), Silage Crop (Corn, Alfalfa, Sorghum, Oats, Barley, Rye and Other Crops) across various regions.
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Silage Additive Market Segmentation
By Product Type:
- Homofermentative Inoculants
- Heterofermentative Inoculants
- Combination Products
- Acids and Acid Salts
- Molasses or Sugar
- Enzymes
- Non-Protein Nitrogen Compound
By Form:
- Powder
- Liquid
By Function:
- Stimulation Treatment
- Inhibition Treatment
- Other Functions
By Function:
- Corn
- Alfalfa
- Sorghum
- Oats
- Barley
- Rye
- Other Crops
By Region:
- North America
- Europe
- Latin America
- South Asia
- East Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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