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(MoneyNewsWire.Net, May 18, 2018 ) The Middle-East and Africa Silage Additives Market was worth $52.8 million in 2016 and estimated to be growing at a CAGR of 3.63%, to reach $63.11 million by 2021.
The growth of silage additives has generated great prospect for inventive products in animal diet. Increasing necessity for animal protein has exercised force on cattle farmers. The goal of silage preservation is to reduce oxygen and increase acidity rapidly, so that lactic acid bacteria grow to stabilize and preserve the forage. Stimulants, such as bacterial inoculants, sugars, and enzymes, are intended to improve the growth of lactic acid bacteria and their acid production.
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Rise in the cost of commercial forage encouraged the farmers in the region to employ silage additives, in turn driving the market in the region. Modernizations in production method to decrease the cost of production are added priority of the local manufacturers. The other alternatives like compound feed are impacting the market negatively.
Middle-East and Africa market for Silage additives is segmented by type Inoculants, Acids and Organic acid salts, Enzymes, Adsorbents and Chemical Inhibitors. Based on application the market is bifurcated into cereal crops, legumes and other application types. Cereal crops segment is further divided amongst Corn, Barley, Oats, Wheat and Sorghum. Legumes are sub segmented into Peas, Fababbeans, Alfalfa and Clover. Ornamental Grass and Canola are other application types of silage additives. Inoculants have the major market share among the Silage Additives material type and is predicted to grow with the growing demand for silage additives in the livestock industry.
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Geographically the market is segmented into Middle-East and Africa. The market in Middle-East is anticipated to grow at highest rate while Africa holds the largest share of the market.
Some of the major market players offering silage additives are BASF SE, ADDCON, Novozymes A/S, DSM N.V., Cargill Inc., Evonik Industries AG, Selko Feed Additives, Volac International Limited, Schaumann BioEnergy GmbH and CHR. Hansen Holdings A/S.
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