Silage Additives Market - By Type , By Crop , By Form , By Source , By Function and By Geography - Opportunity Analysis & Industry Forecast, 2024-2030.

Report Code: AGR 34120 Report Format: PDF + Excel

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. Silage additives are vital in maintaining forage quality especially as they improve fermentation and prevent spoilage ensuring high feed value for livestock. This demand is propelled by the need to maximize productivity across dairy and meat-producing sectors where nutrient-dense feed directly impacts yield. As the agricultural industry adopts advanced techniques to reduce feed waste and improve animal health, the demand for effective additives rise. The increasing demand for high-quality livestock feed driven by the rising consumption of meat and dairy products is prompting farmers to explore effective methods to enhance the nutritional value of animal feed. Additionally, the rising awareness of feed quality and livestock health boosts the market

A major trend in the market is the demand for sustainable farming. Sustainable farming is becoming a priority globally and silage additives support this by reducing spoilage, minimizing waste and enabling more efficient feed usage aligning with eco-friendly farming goals. Another trend is the rise of multi component additives. Farmers increasingly prefer additives that offer multiple benefits such as enhancing digestibility, reducing spoilage and boosting nutrient levels in a single product. The versatility and effectiveness of multi component additives make them increasingly popular as they streamline feed management and deliver superior results. For instance, ADVANCE silage additive for grass combines multiple functional ingredients- stimulants, lactic acid bacteria enzymes, and Lactobacillus brevis, to improve forage stability, enhance digestibility and increase milk yield in dairy animals.

Silage Additives Market - Report Coverage:

The “Silage Additives Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Silage Additives Market.

Attribute Segment

By Type
  • Inoculants
  • Organic Acids
  • Sugars
  • Adsorbents
  • Enzymes
  • Preservatives
  • Others

By Crop

  • Corn
  • Alfalfa
  • Sorghum
  • Oats
  • Barley
  • Rye
  • Others

By Form

 
  • Liquid
  • Powder

By Source

 
  • Chemical
  • Biological

By Function  

 
  • Simulation
  •  Inhibition

By Geography

  • North America (U.S., Canada and Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Denmark, Netherlands and Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Thailand and Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)
  • Rest of the World (Middle East and Africa).

COVID-19 / Ukraine Crisis - Impact Analysis:  

  • The COVID-19 pandemic impacted the Silage Additives market by disrupting global supply chains and creating fluctuations in livestock feed demand. The global meat trade was disrupted as many feared contaminated meat. On the other hand, there was an increased focus on hygiene leading to safe feed practices and demand for storing and preserving silage was important.
  • The Russia- Ukraine war indirectly impacted the market due to high inflation which affected the prices of silage additives. 

Key Takeaways:

North America Leads the Market

North America region held a major market share of 33% in 2023 due to its advanced livestock farming practices and significant demand for high-quality forage to support large dairy and meat production industries. The United States, Canada and Mexico are significant meat producers and rely heavily on quality feed to enhance milk yield and meat quality. The U.S. Department of Agriculture's National Agricultural Statistics Service (NASS) reported that there were approximately 87.2 million head of cattle and calves on farms across the United States as of January 1, 2024. According to Agriculture and Agri-Food Canada, the Canadian pork industry exports roughly two-thirds of its pork production and millions of live hogs per year. In 2023, pork exports were valued at $4.7 billion, excluding the 6.7 million live swine exported throughout the year. Silage additives are widely adopted to preserve forage, reduce nutrient loss and improve digestibility. 

Alfalfa to Grow the Fastest 

Alfalfa is anticipated to be the fastest-growing segment within the silage additives market by crop driven by its high protein and mineral content which boosts its demand in animal feed. Known Alfalfa owing to its rich protein, vitamin and mineral content is a great feed choice for dairy and beef cattle along with other livestock. With a protein content of around 15-20%, alfalfa has become a preferred feed source to farmers who seek cost effective nutrition for their livestock. Additives help in preserving the high protein levels and nutritional value of alfalfa silage addressing spoilage issues that can arise from its high moisture content. Milk production is projected to be the fastest growing agricultural commodity from 2021 to 2030. In March 2022, the international dairy prices marked a 24% increase compared to the March 2021, according to the FAO-OECD Agricultural Outlook. The rise in dairy farming especially in regions focused on high-yield, nutrient-dense feeds is further propelling the adoption of alfalfa with silage additives. 

Liquid is the Largest Segment

Liquid form is the largest segment in Silage Additives Market. Liquid silage additives dominate the market because of their ease of application, even distribution and efficient penetration into the forage mass. These additives are often sprayed onto silage during the harvesting or ensiling process ensuring consistent coverage and optimal effectiveness. According to Lactanet Canada, a liquid inoculant should be used for silages with dry matter ≥ 40%. Liquid formulations, commonly used for organic acids and inoculants, allow for better control over dosing and can be readily applied with conventional farm equipment. Additionally, liquid additives often require less preparation and time than their solid additives making them particularly appealing to large-scale farms. This convenience and efficiency drive the popularity of liquid additives as the largest segment in the silage additives market.

Rising Milk and Meat Production Drives the Market 

According to the OECD-FAO Outlook 2024-2033, global meat consumption is anticipated to rise 12% by 2033. The Outlook anticipates a worldwide growth in livestock populations to be close to 2 billion cattle, 1 billion pigs, 32 billion poultry and nearly 3 billion sheep. Also, as per the Outlook, world milk production is expected to increase by 1.6% annually to 1085 Mt in 2033. More than half of the growth in production is anticipated to come from India and Pakistan which are expected to jointly account for over 30% of world production in 2033. The rising global demand for milk is a significant driver for the silage additives market. As milk and meat consumption increases, particularly in developing countries, dairy farmers are seeking nutrient rich and cost-effective additives to meet the growing demand. 

High Cost to Hamper the Market

The high cost of silage additives poses a challenge for many farmers especially small-scale operations with limited budgets. While additives can enhance silage quality and stability, their cost can be a barrier particularly in regions with lower profitability in livestock farming. The initial expense of adopting these additives along with the ongoing investment required for application may discourage some farmers from using them consistently. Additionally, the use of silage additives may not always show immediate financial returns. As a result, the high cost of additives remains a challenge, impacting the widespread adoption and growth of the silage additives market.


Silage Additives Market

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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Silage Additives Market. The top 10 companies in this industry are listed below:

  1. BASF SE
  2. ADM
  3. DSM Firmenich
  4. Chr. Hansen
  5. Lallemand Inc.
  6. Kemin Industries
  7. Volac International Limited
  8. Alltech
  9. Schaumann Agri International GmbH
  10. Wynnstay Agricultural Chemicals

Scope of the Report: 

Report Metric Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

5.5%

Market Size in 2030

$4.6 Billion

Segments Covered

By Type, By Crop, By Form, By Source, By Function and By Geography.

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Denmark, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Thailand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players
  1. BASF SE
  2. ADM
  3. DSM Firmenich
  4. Chr. Hansen
  5. Lallemand Inc.
  6. Kemin Industries
  7. Volac International Limited
  8. Alltech
  9. Schaumann Agri International GmbH
  10. Wynnstay Agricultural Chemicals

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  1. Silage Additives Market- Market Overview
          1.1 Definitions and Scope
  2. Silage Additives Market- Executive Summary
          2.1 Key trends by Type
          2.2 Key trends by Crop
          2.3 Key trends by Form
          2.4 Key Trends by Source
          2.5 Key trends by Fuction
          2.6 Key trends by Geography
  3. Silage Additives Market– Landscape
          3.1 Comparative analysis
                    3.1.1 Market Share Analysis- Major Companies
                    3.1.2 Product Benchmarking- Major Companies
                    3.1.3 Major 5 Financials Analysis
                    3.1.4 Patent Analysis- Top Companies
                    3.1.5 Pricing Analysis (ASPs will be provided)
  4. Silage Additives Market- Startup companies Scenario Premium 
          4.1 Top startup company Analysis by
                    4.1.1 Investment
                    4.1.2 Revenue
                    4.1.3 Market Shares
                    4.1.4 Market Size and Application Analysis
                    4.1.5 Venture Capital and Funding Scenario
  5. Silage Additives Market– Industry Market Entry Scenario Premium 
          5.1 Regulatory Framework Overview
          5.2 New Business and Ease of Doing business index
          5.3 Successful venture profiles
          5.4 Customer Analysis – Major companies
  6. Silage Additives Market- Market Forces
          6.1 Market Drivers
          6.2 Market Constraints
          6.3 Porters Five Force Model
                    6.3.1 Bargaining Power of Suppliers
                    6.3.2 Bargaining Powers of Buyers
                    6.3.3 Threat of New Entrants
                    6.3.4 Competitive Rivalry
                    6.3.5 Threat of Substitutes 
  7. Silage Additives Market– Strategic Analysis
           7.1 Value/Supply Chain Analysis
           7.2 Opportunity Analysis
           7.3 Product/Market Life Cycle
           7.4 Distributor Analysis – Major Companies 
  8. Silage Additives Market - By Type (Market Size – $Million/$Billion)
           8.1 Inoculants
                    8.1.1 Homofermentative Inoculants
                    8.1.2 Heterofermentative Inoculants
           8.2 Organic Acids
           8.3 Sugars
           8.4 Adsorbents
           8.5 Enzymes
                     8.5.1 Cellulase
                     8.5.2 Hemicellulase
                     8.5.3 Amylase
                     8.5.4 Pectinase
                     8.5.5 Others
           8.6 Preservatives
           8.7 Others
  9. Silage Additives Market – By Crop (Market Size – $Million/$Billion) 
      9.1    Corn
      9.2    Alfalfa
      9.3    Sorghum
      9.4    Oats
      9.5    Barley
      9.6    Rye
      9.7    Others
  10. Silage Additives Market- By Form (Market Size – $Million/$Billion) 
      10.1    Liquid
      10.2    Powder
  11. Silage Additives Market- By Source (Market Size – $Million/$Billion) 
      11.1 Chemical
      11.2 Biological
  12. Silage Additives Market- By Function (Market Size – $Million/$Billion) 
      12.1     Simulation
      12.2     Inhibition
  13. Silage Additives Market- By Geography (Market Size – $Million/$Billion)
          13.1 North America
                    13.1.1 USA
                    13.1.2 Canada
                    13.1.3 Mexico
          13.2 Europe
                    13.2.1 UK
                    13.2.2 Germany
                    13.2.3 France
                    13.2.4 Italy
                    13.2.5 Netherlands
                    13.2.6 Spain
                    13.2.7 Russia
                    13.2.8 Belgium
                    13.2.9 Rest of Europe
          13.3 Asia-Pacific
                    13.3.1 China
                    13.3.2 Japan
                    13.3.3 India
                    13.3.4 South Korea
                    13.3.5 Indonesia
                    13.3.6 Taiwan
                    13.3.7 Malaysia
                    13.3.8 Australia and New Zealand
                    13.3.9 Rest of APAC
          13.4 South America
                    13.4.1 Brazil
                    13.4.2 Argentina
                    13.4.3 Colombia
                    13.4.4 Chile
                    13.4.5 Rest of South America
          13.5 Rest of the World
                    13.5.1 Middle East
                    13.5.2 Africa
  14. Silage Additives Market– Entropy
          14.1 New Product Launches
          14.2 M&As, Collaborations, JVs and Partnerships
  15. Silage Additives Market– Market Share Analysis 
          15.1 Market Share at Global Level - Major companies
          15.2 Market Share by Key Region - Major companies
          15.3 Market Share by Key Country - Major companies
          15.4 Market Share by Key Application - Major companies
          15.5 Market Share by Key Product Type/Product category - Major companies
  17. Silage Additives Market– Key Company List by Country Premium 
  17. Silage Additives Market Company Analysis
      17.1    BASF SE
      17.2    ADM
      17.3    DSM Firmenich
      17.4    Chr. Hansen
      17.5    Lallemand Inc.
      17.6    Kemin Industries
      17.7    Volac International Limited
      17.8    Alltech
      17.9    Schaumann Agri International GmbH
      17.10    Wynnstay Agricultural Chemicals
  "Financials to the Private Companies would be provided on a best-effort basis."
   

LIST OF TABLES

1.Global Silage Additives Market By Type Market 2023-2030 ($M)
1.1 Inoculants Market 2023-2030 ($M) - Global Industry Research
1.2 Organic Acids Market 2023-2030 ($M) - Global Industry Research
1.3 Sugars Market 2023-2030 ($M) - Global Industry Research
1.4 Npn Nutrients Market 2023-2030 ($M) - Global Industry Research
1.5 Enzymes Market 2023-2030 ($M) - Global Industry Research
2.Global Silage Additives Market By Silage Crop Market 2023-2030 ($M)
2.1 Corn Market 2023-2030 ($M) - Global Industry Research
2.2 Alfalfa Market 2023-2030 ($M) - Global Industry Research
2.3 Sorghum Market 2023-2030 ($M) - Global Industry Research
2.4 Oats Market 2023-2030 ($M) - Global Industry Research
2.5 Barley Market 2023-2030 ($M) - Global Industry Research
2.6 Rye Market 2023-2030 ($M) - Global Industry Research
3.Global Silage Additives Market By Function Market 2023-2030 ($M)
3.1 Stimulation Treatment Market 2023-2030 ($M) - Global Industry Research
3.2 Inhibition Treatment Market 2023-2030 ($M) - Global Industry Research
4.Global Silage Additives Market By Form Market 2023-2030 ($M)
4.1 Liquid Market 2023-2030 ($M) - Global Industry Research
4.2 Dry Market 2023-2030 ($M) - Global Industry Research
5.Global Silage Additives Market By Type Market 2023-2030 (Volume/Units)
5.1 Inoculants Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Organic Acids Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Sugars Market 2023-2030 (Volume/Units) - Global Industry Research
5.4 Npn Nutrients Market 2023-2030 (Volume/Units) - Global Industry Research
5.5 Enzymes Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Silage Additives Market By Silage Crop Market 2023-2030 (Volume/Units)
6.1 Corn Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Alfalfa Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Sorghum Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Oats Market 2023-2030 (Volume/Units) - Global Industry Research
6.5 Barley Market 2023-2030 (Volume/Units) - Global Industry Research
6.6 Rye Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global Silage Additives Market By Function Market 2023-2030 (Volume/Units)
7.1 Stimulation Treatment Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Inhibition Treatment Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global Silage Additives Market By Form Market 2023-2030 (Volume/Units)
8.1 Liquid Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Dry Market 2023-2030 (Volume/Units) - Global Industry Research
9.North America Silage Additives Market By Type Market 2023-2030 ($M)
9.1 Inoculants Market 2023-2030 ($M) - Regional Industry Research
9.2 Organic Acids Market 2023-2030 ($M) - Regional Industry Research
9.3 Sugars Market 2023-2030 ($M) - Regional Industry Research
9.4 Npn Nutrients Market 2023-2030 ($M) - Regional Industry Research
9.5 Enzymes Market 2023-2030 ($M) - Regional Industry Research
10.North America Silage Additives Market By Silage Crop Market 2023-2030 ($M)
10.1 Corn Market 2023-2030 ($M) - Regional Industry Research
10.2 Alfalfa Market 2023-2030 ($M) - Regional Industry Research
10.3 Sorghum Market 2023-2030 ($M) - Regional Industry Research
10.4 Oats Market 2023-2030 ($M) - Regional Industry Research
10.5 Barley Market 2023-2030 ($M) - Regional Industry Research
10.6 Rye Market 2023-2030 ($M) - Regional Industry Research
11.North America Silage Additives Market By Function Market 2023-2030 ($M)
11.1 Stimulation Treatment Market 2023-2030 ($M) - Regional Industry Research
11.2 Inhibition Treatment Market 2023-2030 ($M) - Regional Industry Research
12.North America Silage Additives Market By Form Market 2023-2030 ($M)
12.1 Liquid Market 2023-2030 ($M) - Regional Industry Research
12.2 Dry Market 2023-2030 ($M) - Regional Industry Research
13.South America Silage Additives Market By Type Market 2023-2030 ($M)
13.1 Inoculants Market 2023-2030 ($M) - Regional Industry Research
13.2 Organic Acids Market 2023-2030 ($M) - Regional Industry Research
13.3 Sugars Market 2023-2030 ($M) - Regional Industry Research
13.4 Npn Nutrients Market 2023-2030 ($M) - Regional Industry Research
13.5 Enzymes Market 2023-2030 ($M) - Regional Industry Research
14.South America Silage Additives Market By Silage Crop Market 2023-2030 ($M)
14.1 Corn Market 2023-2030 ($M) - Regional Industry Research
14.2 Alfalfa Market 2023-2030 ($M) - Regional Industry Research
14.3 Sorghum Market 2023-2030 ($M) - Regional Industry Research
14.4 Oats Market 2023-2030 ($M) - Regional Industry Research
14.5 Barley Market 2023-2030 ($M) - Regional Industry Research
14.6 Rye Market 2023-2030 ($M) - Regional Industry Research
15.South America Silage Additives Market By Function Market 2023-2030 ($M)
15.1 Stimulation Treatment Market 2023-2030 ($M) - Regional Industry Research
15.2 Inhibition Treatment Market 2023-2030 ($M) - Regional Industry Research
16.South America Silage Additives Market By Form Market 2023-2030 ($M)
16.1 Liquid Market 2023-2030 ($M) - Regional Industry Research
16.2 Dry Market 2023-2030 ($M) - Regional Industry Research
17.Europe Silage Additives Market By Type Market 2023-2030 ($M)
17.1 Inoculants Market 2023-2030 ($M) - Regional Industry Research
17.2 Organic Acids Market 2023-2030 ($M) - Regional Industry Research
17.3 Sugars Market 2023-2030 ($M) - Regional Industry Research
17.4 Npn Nutrients Market 2023-2030 ($M) - Regional Industry Research
17.5 Enzymes Market 2023-2030 ($M) - Regional Industry Research
18.Europe Silage Additives Market By Silage Crop Market 2023-2030 ($M)
18.1 Corn Market 2023-2030 ($M) - Regional Industry Research
18.2 Alfalfa Market 2023-2030 ($M) - Regional Industry Research
18.3 Sorghum Market 2023-2030 ($M) - Regional Industry Research
18.4 Oats Market 2023-2030 ($M) - Regional Industry Research
18.5 Barley Market 2023-2030 ($M) - Regional Industry Research
18.6 Rye Market 2023-2030 ($M) - Regional Industry Research
19.Europe Silage Additives Market By Function Market 2023-2030 ($M)
19.1 Stimulation Treatment Market 2023-2030 ($M) - Regional Industry Research
19.2 Inhibition Treatment Market 2023-2030 ($M) - Regional Industry Research
20.Europe Silage Additives Market By Form Market 2023-2030 ($M)
20.1 Liquid Market 2023-2030 ($M) - Regional Industry Research
20.2 Dry Market 2023-2030 ($M) - Regional Industry Research
21.APAC Silage Additives Market By Type Market 2023-2030 ($M)
21.1 Inoculants Market 2023-2030 ($M) - Regional Industry Research
21.2 Organic Acids Market 2023-2030 ($M) - Regional Industry Research
21.3 Sugars Market 2023-2030 ($M) - Regional Industry Research
21.4 Npn Nutrients Market 2023-2030 ($M) - Regional Industry Research
21.5 Enzymes Market 2023-2030 ($M) - Regional Industry Research
22.APAC Silage Additives Market By Silage Crop Market 2023-2030 ($M)
22.1 Corn Market 2023-2030 ($M) - Regional Industry Research
22.2 Alfalfa Market 2023-2030 ($M) - Regional Industry Research
22.3 Sorghum Market 2023-2030 ($M) - Regional Industry Research
22.4 Oats Market 2023-2030 ($M) - Regional Industry Research
22.5 Barley Market 2023-2030 ($M) - Regional Industry Research
22.6 Rye Market 2023-2030 ($M) - Regional Industry Research
23.APAC Silage Additives Market By Function Market 2023-2030 ($M)
23.1 Stimulation Treatment Market 2023-2030 ($M) - Regional Industry Research
23.2 Inhibition Treatment Market 2023-2030 ($M) - Regional Industry Research
24.APAC Silage Additives Market By Form Market 2023-2030 ($M)
24.1 Liquid Market 2023-2030 ($M) - Regional Industry Research
24.2 Dry Market 2023-2030 ($M) - Regional Industry Research
25.MENA Silage Additives Market By Type Market 2023-2030 ($M)
25.1 Inoculants Market 2023-2030 ($M) - Regional Industry Research
25.2 Organic Acids Market 2023-2030 ($M) - Regional Industry Research
25.3 Sugars Market 2023-2030 ($M) - Regional Industry Research
25.4 Npn Nutrients Market 2023-2030 ($M) - Regional Industry Research
25.5 Enzymes Market 2023-2030 ($M) - Regional Industry Research
26.MENA Silage Additives Market By Silage Crop Market 2023-2030 ($M)
26.1 Corn Market 2023-2030 ($M) - Regional Industry Research
26.2 Alfalfa Market 2023-2030 ($M) - Regional Industry Research
26.3 Sorghum Market 2023-2030 ($M) - Regional Industry Research
26.4 Oats Market 2023-2030 ($M) - Regional Industry Research
26.5 Barley Market 2023-2030 ($M) - Regional Industry Research
26.6 Rye Market 2023-2030 ($M) - Regional Industry Research
27.MENA Silage Additives Market By Function Market 2023-2030 ($M)
27.1 Stimulation Treatment Market 2023-2030 ($M) - Regional Industry Research
27.2 Inhibition Treatment Market 2023-2030 ($M) - Regional Industry Research
28.MENA Silage Additives Market By Form Market 2023-2030 ($M)
28.1 Liquid Market 2023-2030 ($M) - Regional Industry Research
28.2 Dry Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Silage Additives Market Revenue, 2023-2030 ($M)
2.Canada Silage Additives Market Revenue, 2023-2030 ($M)
3.Mexico Silage Additives Market Revenue, 2023-2030 ($M)
4.Brazil Silage Additives Market Revenue, 2023-2030 ($M)
5.Argentina Silage Additives Market Revenue, 2023-2030 ($M)
6.Peru Silage Additives Market Revenue, 2023-2030 ($M)
7.Colombia Silage Additives Market Revenue, 2023-2030 ($M)
8.Chile Silage Additives Market Revenue, 2023-2030 ($M)
9.Rest of South America Silage Additives Market Revenue, 2023-2030 ($M)
10.UK Silage Additives Market Revenue, 2023-2030 ($M)
11.Germany Silage Additives Market Revenue, 2023-2030 ($M)
12.France Silage Additives Market Revenue, 2023-2030 ($M)
13.Italy Silage Additives Market Revenue, 2023-2030 ($M)
14.Spain Silage Additives Market Revenue, 2023-2030 ($M)
15.Rest of Europe Silage Additives Market Revenue, 2023-2030 ($M)
16.China Silage Additives Market Revenue, 2023-2030 ($M)
17.India Silage Additives Market Revenue, 2023-2030 ($M)
18.Japan Silage Additives Market Revenue, 2023-2030 ($M)
19.South Korea Silage Additives Market Revenue, 2023-2030 ($M)
20.South Africa Silage Additives Market Revenue, 2023-2030 ($M)
21.North America Silage Additives By Application
22.South America Silage Additives By Application
23.Europe Silage Additives By Application
24.APAC Silage Additives By Application
25.MENA Silage Additives By Application
26.Lallemand, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Schaumann Bioenergy, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Chr. Hansen, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.BASF, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Nutreco, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Micron Bio-Systems, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Volac, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Addcon, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.American Farm Products, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Josera, Sales /Revenue, 2015-2018 ($Mn/$Bn)

The Silage Additives Market is projected to grow at 5.5% CAGR during the forecast period 2024-2030.

The Silage Additives Market size is estimated to be $3.2 million in 2023 and is projected to reach $4.6 billion by 2030.

The leading players in the Silage Additives Market are BASF SE, ADM, DSM Firmenich, Chr. Hansen, Lallemand Inc. and Others.

Rising demand for multi component additives and sustainable farming are some of the major Silage Additives Market trends in the industry which will create growth opportunities for the market during the forecast period.

Rise in meat and milk consumption, rising awareness of feed quality and livestock health and focus on reducing feed waste drive the market.