Silage Additives Market to reach USD 3.7 billion by 2032, Says Global Market Insights inc.
Silage Additives Industry size is expected to register 5.4% CAGR between 2024 and 2032 propelled by growing awareness of feed efficiency and sustainability.
Selbyville, Delaware, Sept. 12, 2024 (GLOBE NEWSWIRE) — Silage Additives Market is anticipated to cross USD 3.7 billion by 2032, as per a
Asia Pacific to secure substantial revenue
Asia Pacific silage additives market will expand at a notable CAGR from 2024 to 2032, driven by rapid agricultural advancements and increasing livestock production in the region. The growing focus on improving feed quality and enhancing silage preservation drives demand for effective additives. Moreover, rising investments in agricultural technology and expanding dairy and meat industries contribute to market growth. The region’s diverse climatic conditions and large-scale farming operations further boost the need for specialized silage solutions, making Asia Pacific a central contributor to the global market.
Silage Additives Market Players
Prominent companies operating in the silage additives industry include ADM Animal Nutrition, BASF SE, Cargill, Incorporated, American Farm Products, Inc., Biomin Holding GmbH, Kemin Industries, Inc., Chr. Hansen Holding A/S, Novozymes A/S, Dupont de Nemours, Inc. (DuPont), Provimi, ForFarmers N.V., Lallemand, Inc., Nutreco N.V., Volac International Limited., and Volac Wilmar Feed Ingredients, among others
Companies are augmenting their share through strategic innovations and market strategies. By developing advanced additive formulations, such as those enhancing fermentation and improving nutrient retention, these companies meet evolving agricultural needs. They are also leveraging research and development to introduce effective solutions that address specific challenges in silage preservation. Strategic partnerships, acquisitions, and increased global distribution networks further enhance their market presence. These efforts contribute to higher market penetration, catering to a growing demand for efficient and high-quality silage additives.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
