APAC Silage Additives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Silage Additives Market Analysis
The Asia Pacific silage feed additive market is projected to register a CAGR of 3.9% during 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 industrialization of meat and the rise in the consumption of meat population are driving the market. The sudden hike in the cost of forage has led in search of alternatives like silage additives in the region. 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 fillup in emerging markets such as Asia-Pacific.
APAC Silage Additives Market Trends
This section covers the major market trends shaping the APAC Silage Additives Market according to our research experts:
Increased Industrial Livestock Production
The demand for food derived from animals across the world has been increasing at a fast pace. The surge in this demand has been fulfilled by commercial livestock production and their associated food chains. In many developing countries like China, Japan, and India, livestock keeping has been a multifunctional activity. Growth in the demand for meat is expected to be driven by income and population growth, which has also led to the industrialization of livestock. According to the World Bank, industrialized meat production is growing 6 times faster than traditional meat production methods every year. With an increase in the mass production of meat, change is observed toward landless meat production facilities. The meat production industry is moving toward consolidation, especially in developing parts of the region, such as China and India, to increase meat production with reduced land usage. Hence the shift towards increased industrialized meat production in the region is driving the growth of the silage additives market.
Increasing Demand for High Value Animal Protein
The highest increase in meat consumption is expected from Asia-Pacific because of the changing diet patterns, urbanization, population, and economic growth. 20% of the human body is made up of protein. However, ingested protein is not stored and must constantly be replenished. Unlike the plant protein, the human body also needs animal protein like meat, egg and dairy products which are a high sources of protein. The level of income and consumption of animal protein are positively related. Therefore, rising incomes in developing nations and urbanization have led to a global surge in meat production. China is the leading meat consumer in the region, because of fast economic growth, changing food patterns, and increased meat production in the country. While the demand growth is seen as positive, end-user awareness and the conservative approach toward the feed sector is expected to remain a challenge for industry growth in Asia-Pacific. Countries like Vietnam and Thailand are estimated to be the fastest-growing consumer markets for meat-based products. India is the potential market, due to the increased intensive farming system.
APAC Silage Additives Industry Overview
The Asia Pacific Silage Additive Market is consolidated with a few major global players garnering high market shares, especially in developed markets. 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.
APAC Silage Additives Market Leaders
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BASF SE
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ADM Animal Nutrition
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Lallemand Animal Nutrition
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AllTech
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Nutreco N.V.
*Disclaimer: Major Players sorted in no particular order
APAC Silage Additives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porters Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Inoculants
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5.1.2 Organic Acids & Salts
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5.1.3 Enzymes
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5.1.4 Adsorbents
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5.1.5 Preservatives
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5.1.6 Other Types
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5.2 Silage Type
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5.2.1 Cereals
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5.2.2 Legumes
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5.2.3 Other Silage Types
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5.3 Geography
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5.3.1 China
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5.3.2 India
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5.3.3 Japan
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5.3.4 Australia
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5.3.5 Rest of Asia Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 BASF SE
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6.3.2 Archer Daniels Midland Company
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6.3.3 Lallemand Animal Nutrition
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6.3.4 Nutreco N.V.
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6.3.5 BIOMIN Holding GmbH
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6.3.6 AllTech
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6.3.7 Cargill Inc.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
APAC Silage Additives Industry Segmentation
The Asia Pacific Silage Additives Market is segmented by Type (Inoculants, Organic Acids & Salts, Enzymes, Adsorbents, Preservatives, and Other Types), by Silage Type (Cereals, Legumes, and Other Silage Types), in the countries like China, India, Japan, Australia and Rest of Asia Pacific.
| Type | |
| Inoculants | |
| Organic Acids & Salts | |
| Enzymes | |
| Adsorbents | |
| Preservatives | |
| Other Types |
| Silage Type | |
| Cereals | |
| Legumes | |
| Other Silage Types |
| Geography | |
| China | |
| India | |
| Japan | |
| Australia | |
| Rest of Asia Pacific |
APAC Silage Additives Market Research FAQs
What is the current Asia Pacific Silage Additives Market size?
The Asia Pacific Silage Additives Market is projected to register a CAGR of 3.9% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Silage Additives Market?
BASF SE, ADM Animal Nutrition, Lallemand Animal Nutrition, AllTech and Nutreco N.V. are the major companies operating in the Asia Pacific Silage Additives Market.
What years does this Asia Pacific Silage Additives Market cover?
The report covers the Asia Pacific Silage Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Silage Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia Pacific Silage Additives Industry Report
Statistics for the 2024 Asia Pacific Silage Additives market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Asia Pacific Silage Additives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
