, May 27, 2017 ) As per the syndicated report published by Market Data Forecast Europe Silage Additives Market which is estimated to be USD 115.2 million in 2016 is poised to reach USD 136.82 million by 2021, at a CAGR of 3.5% from 2016 to 2021.
It can attributed to the strategy from European government to reduce imports of meat & increase in house making and financial support to stock farmers is predictable to give boost to livestock industry and further increase in silage additives market. Increase in the awareness of natural and organic fodders are likely to keep the market flooded. High cost of silage additives is hindering the growth of the market.
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To give a brief idea, 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. Europe market is expected to witness substantial growth in the coming years.
Europe Silage Additives Market is segmented based on Ingredients, Animal Type, and Application as mentioned below for attaining a more granular perspective of the market. In the report, each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
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• Acids and Organic acid salts
• Chemical Inhibitors
• Cereal Crops
• Other Applications
• Ornamental Grass
Geographically the market is segmented into Germany, Italy, France, U.K. and Spain. Spain, UK and France are major markets. Germany is anticipated to grow fastest in the forecast period. 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.
Some of the main silage additives market players are 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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The Europe Silage Additives Market study offers the following deliverables:
• Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries
• Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis
• Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE
and Porter’s Five Forces Analyses
• Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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