• 出版社/出版日：Mordor Intelligence / 2020年4月20日
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The Global Silage Additives Market is projected to register a CAGR of 4.2% over the forecast period (2020-2025). Silage is an important means of preservation of fresh fodder for animals for the availability of roughage and nutrients during extreme weather conditions. The production of silage is a well-established practice in North America and Europe and the trend is fast catching up in Asia-Pacific.
– The development of innovative products and increased focus on R&D by companies is expected to be one of the key factors driving the adoption of silage additives.
– With an increase in awareness regarding the usability of silage as a substitute for fresh fodder and/or hay, the practice of production of silage, as a whole is expected to receive a huge fillip in emerging markets such as Asia-Pacific.
– Increased industrialization of livestock production, driven by increased demand for animal protein by end consumers is driving farmers to adopt optimum nutrition for cattle, leading to an increased usage of silage additives.
Key Market Trends
Increased Focus on Environmental Safety and Sustainability
On the one hand, global livestock production is getting increasingly industrialized. This means that average herd sizes are increasing across regions, and the productivity of farm animals have been increasing. This has led to an increased focus on designing nutrition programs that provide optimum nutrients to the animals across the year. However, there has also been an increased emphasis on making livestock farming more sustainable from an environmental and food safety perspective. In order to provide sustainability to silage production, companies active in the silage additives market are focusing on developing products that provide the twin benefit of providing lower environmental footprint, without compromising on the productivity benefits. This has been especially true in the case of the market for organic acids and salts, which leave a bigger environmental footprint over other products. In 2018, BASF launched Lupro-Cid® NA, which is a blend of buffered formic acid and propionic acid and is a low-irritant and low-corrosive organic acid. Increased focus on environmental safety and sustainability is expected to be the major product development criterion in the global silage additive market.
North America Leads the Global Market
Production of silage is a well-established practice by the farmers in the North American region. The varying climatic conditions in the region mean that very little fresh forage is available for animals, especially cattle, in extreme weather conditions and this necessitates the storage of fresh forage in the form of silage. Bacterial silage inoculants are the most-used silage additives in the region, which constitute over 70% of the overall usage of silage additives in the United States. Bacterial Inoculants supplement natural lactic acid bacteria on the harvested forage crop, in order to provide a uniformly fermented silage. With respect to silage type, cereal-based forage (majorly corn) constitute around 40% of the market in North America. With a well-established production base for silage and a highly aware customer-base, the region is expected to remain the major contributor to the global silage additive market over the forecast period.
The Global Silage Additive Market is consolidated with a few major global players garnering high market shares, especially in developed markets such as North America and Europe. These companies have been increasing R&D spending exponentially to integrate innovation with excellence in their products’ performance. Demand for highly efficient additives is expected to make the market more competitive and effectively dynamic during the forecast period. Some of the major players in the global silage additive market include BASF SE, Archer Daniels Midland Company, ForFarmers NV, Chr. Hansen, and Lallemand Animal Nutrition, among others.
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1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1.2 Organic Acids & Salts
5.1.6 Other Types
5.2 Silage Type
5.2.3 Other Silage Types
5.3.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.3.4 South America
18.104.22.168 Rest of South America
5.3.5 Middle East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 BASF SE
6.3.2 Archer Daniels Midland Company
6.3.3 ForFarmers NV
6.3.4 Chr. Hansen
6.3.5 Lallemand Animal Nutrition
6.3.6 Eastman Chemical Company
6.3.7 Nutreco N.V.
6.3.8 ADDCON GmbH
6.3.9 BIOMIN Holding GmbH
7 MARKET OPPORTUNITIES AND FUTURE TRENDS