Global Silage Additives Market Size to Exceed USD 3.43 Billion by 2033: Market Insight Report

Global Silage Additives Market Size to Exceed USD 3.43 Billion by 2033   

According to a research report published by Spherical Insights & Consulting, The Global Silage Additives Market Size Expected to Grow from USD 2.28 Billion in 2023 to USD 3.43 billion by 2033, at a CAGR of 4.17% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Silage Additives Market Size, Share, and COVID-19 Impact Analysis, By Crop Type (Corn, Alfalfa, Clovers, and Others), By Application (Cereals, Pulses, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033  

Silage is a fermented substance that is used as fodder for cattle. When it comes to feeding animals, silage helps preserve the natural nutrients in the fodder crop. In order to improve the general sanitation of silage and boost its nutritional content, silage additives are applied to the forage. Silage improves the quality of meat and a number of other livestock-derived goods. The automation of the livestock sector and livestock feed management techniques are two key aspects that are anticipated to propel the growth of the silage additives market during the forecast period. The market for silage additives is likely to grow as an outcome of the relevant government limitations. Furthermore, it is predicted that the improvement in silage quality will restrain the market expansion for silage additives. However, it is also anticipated that the cost inefficiency will hinder the market expansion for silage additives during the course of the forecast year.

The corn segment is expected to hold the largest share of the global silage additives market during the projected timeframe.                          

Based on crop type, the global silage additives market is categorized as corn, alfalfa, clovers, and others. Among these, the corn segment is expected to hold the largest share of the global silage additives market during the projected timeframe. The nutritional and energy value of corn silage is well recognized due to its high carbohydrate content, animals may use it as an excellent source of energy. Its balanced protein level further enhances its nutritional profile, making it a popular option for farmers looking to optimize animal productivity.

The cereals segment is expected to grow at the fastest CAGR during the projected timeframe.       

Based on the application, the global silage additives market is categorized as cereals, pulses, and others. Among these, the cereals segment is expected to grow at the fastest CAGR during the projected timeframe. Cereal crops are accessible to farmers worldwide because they may be cultivated in a range of geographic locations and climatic circumstances. This adaptability explains why, on a scale, the cereals market segment leads the silage additives industry.

North America is projected to hold the largest share of the global silage additives market over the forecast period.

North America is projected to hold the largest share of the global silage additives market over the forecast period. This is due to the cattle and dairy sectors' long history and size, there is a considerable need for silage additives and premium animal feed in North America. As of January 2022, there were 91.9 million head of beef cattle in the United States, while the dairy industry produced 226 billion pounds of milk in 2021, according to the USDA.

Asia-Pacific is expected to grow at the fastest CAGR growth of the global silage additives market during the forecast period. The market for silage additives is anticipated to increase significantly in Asia-Pacific as a consequence of the region's growing population and fast urbanization. Additionally, it is projected that the region's silage additives market can expand in the upcoming years due to changes in lifestyle and the expansion of the livestock business.

Company Profiling

Major vendors in the global silage additives market are BASF SE, ADM, Chr. Hansen Holding A/S, ForFarmers., Lallemand Inc., ADDCON GmbH, Volac International Ltd., Schaumann BioEnergy Consult GmbH, Corteva., Micron Bio-Systems, DSM, Cargill, Incorporated., Novozymes, Scotmin Nutrition, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In March 2024, EW Nutrition brought a well-known range of silage inoculants with it when it purchased the Biomin Biostabil product line from DSM-Firmenich. In the cutthroat silage additive industry, this strategic move expands EW Nutrition's offerings and fortifies its portfolio.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global silage additives market based on the below-mentioned segments: 

Global Silage Additives Market, By Crop Type

• Corn
• Alfalfa
• Clovers
• Others

Global Silage Additives Market, By Application

• Cereals
• Pulses
• Others

Global Silage Additives Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa