- Organic acids
- Enzymes
- Sugars
- Inoculants
- Others
Silage refers to the storage of grass or green fodder in airtight conditions in silos. Silage additives are used to preserve the silage by reducing the oxygen and enhance the acidity leads to growth in lactic acid bacteria that helps in preserve and stabilize the forage. Most commonly used silage additives include stimulants and inhibitors. Increase in the demand for healthy meat products, rise in awareness about the silage additives in emerging countries such as Brazil, and economic growth are anticipated to fuel the silage additives market. However, stringent regulations for the silage additives usage, lack of awareness about silage additives in livestock farmers, and high cost of products may restrain the growth of Latin America silage additives market.
Latin America Silage Additives Market Summary
Study Period
2022-2028
Base Year
2021
CAGR
X%
Largest Market
Latin-America
Fastest Growing Market
N/A
Growth
Consumers' increasing meat consumption is a major growth factor for the silage additive market. In addition, a growing population of health-conscious customers who consume protein-rich foods is likely to drive expansion in the silage additive market in the future years. Furthermore, in the next years, government support for farmers to encourage the use of silage additives by providing funding and subsidies is likely to fuel the expansion of the silage additive industry. The growing popularity of organic farming and the increasing competitiveness in the animal feed sector are predicted to assist develop the silage additive market in the future.
Latin-America Got Significant Share
Latin America Silage Additives Market
Geographically, Latin America silage additives market is segmented into Brazil, Mexico, Argentina, Venezuela, and Rest of Latin America. Brazil silage additives market growth attributed to rise in demand for healthy meat, increase in the livestock farms, and adoption of newer products. Mexico silage additives market growth attributed to rise in population demanding of healthy meat, increase in the agriculture produce, and rise in demand for animal protein are propel the market.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Latin America Silage Additives Market Segmentation
product type
crop type
- Alfalfa
- Oats
- Rye
- Barley
- Corn
- Sorghum
- Others
formulation
- Dry
- Liquid
application
- Inhibition
- Stimulation
- Moisture Absorption
- Others
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
LOCATION
Geography
Frequently Asked Questions
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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- BASF SE (Germany)
- DuPont, Pioneer (DuPont) (U.S.)
- Lallemand, Inc. (U.S.)
- Schaumann BioEnergyGmbH (Germany)
- Hansen A/S (Denmark)
- Nutreco N.V. (Netherlands)
- BioZyme, Inc. (U.S.)