BANGALORE, October 15, 2015 /PRNewswire/ --
Chemical silage additives are used as a means of improving silage quality and control the preservation process so that more nutrients would be available for animal intake at the time of feeding. By controlling the fermentation of the nutrients in the feed, it provides the animals with more nutrients to intake and in turn, helps in maintaining the health of livestock. High cost of forage and rising cost of feed inputs has created scope for market growth of silage additives. Silage additive acts as a cost effective solution for the animal producers, offering boosted animal immunity and improved animal performance. Global Chemical Silage additives market is valued in at $311.8 Million and is expected to cross $371.3 Million by 2020 with a decent CAGR of 3.6% during the next 5 years.
One of the major factors driving the market's growth is increasing consumption and industrial production of animal products globally. With the shifting consumer preference towards animal meat, milk and eggs, farmers opt for industrial production of livestock. This large scale operation with high end technology in place, is observed predominantly in the developed regions such as US and Europe. Initiatives are also taken to improve standard of production on small scale sectors through knowledge sharing. When livestock are grown for commercial purpose, farmers need to put more focus on the animal safety, which can be achieved through silage additives.
Various Types of Chemical Silage Additives:
Application of acids and organic acid salts help in restricting growth of undesirable bacteria. As they act as aerobic spoilage inhibitors, these additives successfully cut down the corrosive nature of the product. Major types of acids employed here are formic acid and propionic acids. As per a recent study on the Global Chemical Silage Additives market performed by Mordor Intelligence, the market for this category is posed to grow at a CAGR of 3.8%.
Get the Full Report Here: Global Chemical Silage Additives Market
Enzymes are used basically to break down complex carbohydrates into simple sugars. Cellulose and hemicellulose are the most utilized in case of enzyme silage additives products. They pose very high functioning in reducing the dry matter content. The research study also stated that enzymes market in the former segment would grow at a CAGR of 4.0% during 2015-2020.
Adsorbents are used to minimize feed losses. Depending on the dry matter content, types of adsorbents vary from Sugar beet pulp to bentonite and grains etc. The usage of grains as adsorbents in Asia-Pacific is increasing day-by-day, while Europe forms the matured market.
Formaldehyde and sodium nitrate are majorly employed as chemical inhibitors. Regulatory structures of some countries acts as a major set back for the extensive use of chemical inhibitors as silage additives.
With a sophisticated livestock industry in place, Europe emerged as the major market for chemical silage additive products globally. Europe and North America together accounted to over 60% of the market share. Due to economic growth, changing consumer food habits and overall growth in animal/livestock-based industry in the region, Asia-Pacific is going to experience massive growth opportunity over the next five years.
As the market is gaining its hold, new product innovations with high research and development initiatives, would help the market for its prolific ventures. With a range of products entering on to the retail shelves, specific requirements for the farmers are being taken care of.
Silage additives can change the nutritional scenario of animal and animal based products, given, applied adequately.
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SOURCE Mordor Intelligence LLP