Silage Additives Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023

Global Silage Additives Market: By Product Type (Organic acids, Enzymes, Sugars, Inoculants, Others), By Silage Crop (Alfalfa, Oats, Rye, Barley, Corn, Sorghum, Others), By Formulation (Dry, Liquid), By Application (Inhibition, Stimulation, Moisture Absorption, Others), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023

Market Dynamics: Silage Additives Market

Silage refers to the storage of grass or green fodder in airtight conditions in silos. Silage additives are used to preserve the silage by reducing the oxygen and enhance the acidity leads to growth in lactic acid bacteria that helps in preserve and stabilize the forage. Most commonly used silage additives include stimulants and inhibitors. Increase in the demand for animal feed due to rise in livestock industries, demand for healthy meat due to rise in population, advantages of silage additives such reduce in nutrient loss from forage, increase in the demand for animal protein, and increase in the agriculture production are anticipated to fuel the silage additives market. However, lack of awareness about silage additives in underdeveloped countries and high cost of silage additives may restrain the growth of silage additives market over the forecast years.

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Market Scope: Silage Additives Market
Silage additives market is segmented on the basis of product type, silage crop, formulation, application, and region
Based on the product type, the market is segmented into the following:
• Organic acids
• Enzymes
• Sugars
• Inoculants
• Others
Based on the silage crop type, the market is segmented into the following:
• Alfalfa
• Oats
• Rye
• Barley
• Corn
• Sorghum
• Others
Based on the formulation, the market is segmented into the following:
• Dry
• Liquid
Based on the application, the market is segmented into the following:
• Inhibition
• Stimulation
• Moisture Absorption
• Others
Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Regional Analysis: Silage Additives Market
Geographically, global silage additives market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa regions. North America silage additives market is growing due to high awareness about the silage additives, increase in agriculture production, and innovation of newer silage additives are propel the market. Europe silage additives market has a significant share owing to increase in awareness about organic and natural fodders, presence of huge number of market players, and grow in number of livestock farms are boost the market. Asia Pacific silage additives market expected to exhibit lucrative growth attributed to increase in agriculture production in India and China, rise in demand for healthy meat and livestock products, and increase in the preference for animal nutrition are fuel the market. Latin America silage additives market driven by expansion of business by market players, and rise in adoption of silage additives are propel the market. Middle East and Africa silage additives market is growing due to rise in agriculture production and increase in preference of healthy meat and livestock products are bolster the market.

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Competition Assessment: Silage Additives Market
Key players profiles in the global silage additives market include:
• BASF SE (Germany)
• DuPont, Pioneer (DuPont) (U.S.)
• Lallemand, Inc. (U.S.)
• Schaumann BioEnergyGmbH (Germany)
• Hansen A/S (Denmark)
• Biomin (Austria)
• Volac International Limited (UK)
• Micron Bio-Systems (U.S.)
• American Farm Products (U.S.)
• Nutreco N.V. (Netherlands)
• BioZyme, Inc. (U.S.)

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