The Europe Silage Additives Market is projected to register a CAGR of 4.5% 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 Europe. 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 or hay, the practice of production of silage, as a whole is expected to continue to increase. 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
Increasing Demand for Standard Animal Meat
There has been increasing pressure on the livestock industry, to meet the growing demand for meat and high-value animal protein that is safe and meets all standard criteria. Population growth, rising incomes in developing nations, and urbanization have led to a surge in global livestock production. The level of income and consumption of animal protein is directly related to the consumption of milk, meat, and eggs, which are increasing at the expense of staple foods. To ensure silage ferments rapidly and more true protein is preserved alongside minimizing the activities of undesirable microorganisms, the use of silage additives becomes very crucial. The European meat market has maintained its growth, and the high consumption of meat products is expected to witness a significant CAGR over the forecast period, this will directly aid the growth of silage additives market.
Inoculants dominates the Silage Additive Market
Silage inoculants work by shifting silage fermentation in a direction that better preserves the crop. That happens when the lactic acid bacteria in the inoculant overwhelm the natural lactic acid bacteria on the crop. Inoculants are used extensively in Europe as a tool to reduce dry matter losses. Also, they have their biggest effect on losses when used together with good silage management practices. Research says, inoculants have the most success on hay crop silage and the least on corn silage. Bacterial inoculants are thus designed to be able to grow fast under a range of conditions. Their use increases the rate of pH decline, reduce the final pH of the silage, decrease dry matter losses, reduce protein degradation, and increase overall digestibility of the silage. Hence, the usefulness of silage inoculants is likely to contribute towards a positive growth of the market during the forecast period.
The Europe Silage Additive Market is moderately consolidated with a few major global players garnering high market shares, especially as the markets in Europe are quite developed. 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. Some other popular companies of the region are Brett Brothers Ltd, Carrs Billington, Scotmin and Wynnstay group.
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Table of Contents
1.2 Scope of the Study
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
5.1.2 Organic Acids & Salts
5.1.6 Other Types
5.2 Silage Type
5.2.3 Other Silage Types
5.3.2 United Kingdom
5.3.7 Rest of Europe
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 Volac International Limited
6.3.7 Nutreco N.V.
6.3.8 ADDCON GmbH
6.3.9 BIOMIN Holding GmbH
6.3.10 Brett Brothers Ltd
6.3.11 Carrs Billington
6.3.12 Mole Valley Farmers Ltd.
6.3.15 Mole Valley Farmers Ltd.
6.3.16 Pearce Group of Companies
6.3.17 KW Forage system
6.3.18 Wynnstay group