Infinium Global Research has added a new report on Silage Additives Market. The report presents an analysis of global as well as regional markets of silage additives market over the period of 2016 to 2024. Silage is preserved pasture made by packing immature plants in an airtight storage container and allowing fermentation to develop acetic and lactic acids, which preserve the moist feed. It is fed to cows and sheep during dry seasons when the pasture available is not of a good quality. Additives are added to the silage to control the preservation process so that by the time of feeding it has retained as many of the nutrients present in the original fresh forage as possible. The use of silage additives leads to an increase in energy content, digestibility and dry matter intakes that results in an increase in animal performance. Addition of silage additives makes top quality forage into excellent quality silage.
The rapid rise in population has led to an increase in demand for food resulting in the growth of the meat and dairy industry. The increase in demand for animal nutrition for the livestock is the key driving force for the growth of silage additive market. However, lack of sufficient knowledge about such advanced agricultural products acts as a major challenge in the growth of silage additive market. Moreover, the increased shelf-life and the rise in demand for feedstock creates an opportunity for the growth of silage additives market. By geography, North America regions hold the largest market share in silage additive market owing to the rise in demand for meat and dairy products. Europe is one of the fastest growing agricultural inoculant owing to the growth of the livestock industry. In addition, Asia Pacific is also expected to gain rapid development in the owing to the rising demand for food products over the forecast period.
Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global silage additives market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for the forecast period of 2018-2024.
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The recent report identified that North America dominated the global silage additives market over the last couple of years while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the silage additives market worldwide.
The report segments the global silage additives market on the basis of Classification, Type and Crops.
Global Silage Additives Market by Classification
· Stimulants of Fermentation
· Inhibitors of Fermentation
· Nutrient Additives
Global Silage Additives Market by Type
· Homofermentative
· Heterofermentative
· Combination Products
· Acids and Acid Salts
· Molasses and Sugars
Global Silage Additives Market by Crops
· Corn
· Barley
· Sorghum
Companies Profiled in the Report
· Chr. Hansen A/S
· Forfarmers
· Lallemand
· BASF
· Trouwn nutrition
· Schaumann bioenergy
· Josera
· ADDCOD Group GmbH
· Pioneer
· Volac
About Infinium Global Research
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