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Silage Additives Market Share

Report ID: GMI9053
Published Date: Apr 2024
Report Format: PDF

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Silage Additives Market Share

Silage Additives Market Company Share, (2023)

The substantial growth of the silage additives industry is propelled by a confluence of critical factors, bolstered by industry giants such as Chr. Hansen Holding A/S, Kemin Industries, Inc., Lallemand, Inc., ADM Animal Nutrition (Archer Daniels Midland Company), and BASF SE are leading players in the Silage Additive Market, each contributing significantly to the industry's growth and innovation. Chr. Hansen Holding A/S, a global bioscience company, specializes in natural ingredient solutions for various industries, including agriculture. Their silage additives are renowned for their effectiveness in enhancing fermentation and preservation processes, thereby improving feed quality for livestock. Kemin Industries, Inc. is another prominent player known for its diverse range of silage additives, including inoculants, organic acids, and enzymes. These products play a vital role in optimizing silage quality and animal nutrition.

Lallemand, Inc., a Canadian company, is recognized for its expertise in yeast, bacteria, and other microorganisms essential for silage fermentation. Their inoculants are widely used to improve silage preservation and overall feed quality. ADM Animal Nutrition, a division of Archer Daniels Midland Company, offers a comprehensive portfolio of nutritional products and solutions, including silage additives. Their focus on innovation and sustainability drives the development of effective additives that enhance fermentation and feed quality. BASF SE, a global chemical company, provides agricultural solutions, including silage additives that contribute to improved preservation and nutrient retention in silage. These companies collectively play a crucial role in advancing the silage additive market, ensuring better feed efficiency and livestock performance for farmers worldwide.

Silage Additives Market Companies

Major players operating in the market include:

ADM Animal Nutrition
American Farm Products, Inc.
BASF SE
Biomin Holding GmbH
Cargill, Incorporated
Chr. Hansen Holding A/S
Dupont de Nemours, Inc. (DuPont)
ForFarmers N.V.
Kemin Industries, Inc.
Lallemand, Inc.
Novozymes A/S
Nutreco N.V.
Provimi
Volac International Limited
Volac Wilmar Feed Ingredients

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for silage additives was valued at USD 2.31 billion in 2023 and is anticipated to register over 5.4% CAGR between 2024 and 2032, driven by escalating requirement for superior-grade animal feed.

The silage additives industry from the inoculants type segment recorded USD 702 million in revenue in 2023 and is set to reach USD 1.14 billion by 2032, driven by heightened awareness among farmers regarding the benefits of using inoculants.

North America market size reached USD 864 million in 2023 and is set to reach USD 1.4 billion by 2032, driven by a robust agricultural sector with a large base of livestock farming operations.

ADM Animal Nutrition, American Farm Products, Inc., BASF SE, Biomin Holding GmbH, Cargill, Incorporated, Chr. Hansen Holding A/S, Dupont de Nemours, Inc. (DuPont), ForFarmers N.V. among others.