DUBLIN--(BUSINESS WIRE)--The "Global Chemical Silage Additives Market - Growth, Trends and Forecasts 2017 - 2022" report has been added to Research and Markets' offering.
Chemical Silage Additives act as aerobic stability and fermentation aids to lower the risk of poor fermentation quality and reduce the nutritional losses during the ensiling process. The market has recorded its revenue as $311.8 million in 2014 and expected to reach $371.3 million by 2020 with a CAGR of 3.9% during the forecast period.
Growing awareness of farmers about increased performance of animals consuming treated silage has led to a surge in demand for the products. Additionally, rise in cost of forage and feed additives have created opportunity for chemical silage additives. The market is further expected to expand by growing demand for animal protein and industrialization of animal production.
High adoptability to feed additives is obstructing the growth of market. Apart from it, dependence on various factors for silage fermentation and less efficiency of silage additives are restraining the market growth. Innovations to improve the dry matter content and protection from clostridia has spawned an opportunity to the market.
Enzymes are majorly used among the additives as they breakdown the complex carbohydrates into simple sugars, which in turn enhance the LAB performance to stabilize the fermentation process. Enzymes are used individually or in combination with inoculants. Acids & organic salts are the other most preferred additives for stabilizing the pH and restricting the growth of unwanted bacteria.
High forage yield potential, high in digestible energy and protein makes the alfalfa forage extremely valuable feed. As a result the consumption of additives for alfalfa fermentation is more compared to other crops. The market for clover, maize and sorghum is expected to rise during the forecast period due to high quality protein digestibility, nitrogen fixation and palatability enrichment.
- BASF SE
- Cargill Inc.
- Nutreco N.V.
- American Farm Products
- KW Forage system
- Volac International Limited
- Carrs Billington
Key Topics Covered:
2. Key Findings of the Study
3. Market Overview
4. Market Segmentation
5 Competitive Landscape
6 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/cn6smk/global_chemical