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Europe Silage Additives Market Research Report – Segmented By Type, Application and Country (United Kingdom, France, Spain Germany And Italy, Russia, Sweden, Denmark, Switzerland, Netherlands And Rest of Europe) – Industry Analysis on Size, Share, Trends, COVID-19 Impact And Growth Forecast From 2023 to 2028

Published: March, 2023
ID: 1310
Pages: 145
Formats: report pdf report excel report power bi report ppt

Europe Silage Additives Market Size (2023 to 2028)

The size of the silage additives market in Europe is predicted to be worth USD 169.51 million in 2023 and is estimated to grow at a CAGR of 3.5% from 2023 to 2028 and reach a valuation of USD 201.32 million by 2028.

The European market is expected to witness substantial growth in the coming years. The persistence of silage additives is to regulate the protection course so that by the time of nurturing it has reserved as many of the nutrients existing in the original fresh forage as possible. Nevertheless, the precise nutrient position of the silage will rely on various factors that can only be organized via management.

The strategy from the European government to reduce imports of meat & increase in house making and financial support to stock farmers is predicted to give a boost to the livestock industry and a further increase in the silage additives market. An increase in the awareness of natural and organic fodders is likely to keep the market flooded.

The high cost of silage additives is hindering the growth of the market.

This market research report on the European silage additives market has been segmented and sub-segmented into the following categories.

Europe Silage Additives Market – By Type:

  • Inoculants
  • Acids And Organic Acid Salts
  • Enzymes
  • Adsorbents
  • Chemical Inhibitors

Europe Silage Additives Market – By Application:

  • Cereal crops
    • Corn
    • Barley
    • Oats
    • Wheat
    • Sorghum
  • Legumes
    • Peas
    • Fava beans
    • Alfalfa
    • Clover
  • Others
    • Ornamental Grass
    • Canola

Inoculants have the major market share among silage additive material types and are predicted to grow with the growing demand for silage additives in the livestock industry.

Europe Silage Additives Market – By Region:

  • United Kingdom
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Rest of Europe

Spain, the UK, and France are major markets. Germany is anticipated to grow fastest in the forecast period.

KEY MARKET PLAYERS:

BASF SE (Germany), ADDCON (Germany), Novozymes A/S (Denmark), DSM N.V. (The Netherlands), Cargill Inc., Evonik Industries AG (Germany), Selko Feed Additives (The Netherlands), Volac International Limited (U.K.), Schaumann BioEnergy GmbH (Germany) and CHR. Hansen Holdings A/S (Denmark). These are some of the major key players involved in the European silage additives market.

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FAQ's

What is the current size of the Europe Silage Additives Market?

As of the latest data, the Europe Silage Additives Market is valued at USD 169.51 billion In 2023.

 

Which countries in Europe contribute significantly to the Silage Additives Market share?

Germany, France, and the United Kingdom are the major contributors to the Silage Additives Market in Europe.

How are the stringent regulatory standards influencing the Silage Additives Market in Europe?

Stringent regulatory standards in Europe ensure the safety and quality of silage additives, fostering consumer trust and positively influencing the development of innovative and compliant products.

which is the leading region in the Europe silage additives market?

Germany is the leading region in the European silage additives market.

who are the market key players involved in the Europe silage additives market?

BASF SE (Germany), ADDCON (Germany), Novozymes A/S (Denmark), DSM N.V. (The Netherlands), Cargill Inc., Evonik Industries AG (Germany), Selko Feed Additives (The Netherlands), Volac International Limited (U.K.), Schaumann BioEnergy GmbH (Germany) and CHR. Hansen Holdings A/S (Denmark).

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