Asia Pacific Silage Additives Market - Growth, Trends and Forecasts (2017 - 2022)
Asia pacific Silage additives market is expected to cross $130.4 million by 2020 with an estimated CAGR of 4.4 %. China, India, Japan, Thailand and Australia are major markets.
Asia-Pacific accounts for about 20% of share in the global silage additives market. It is expected to be the most prominent and fastest growing market during the forecast period. Industrialization of meat and rise in the consumption of meat population is driving the market. Sudden hike in the cost of forage has led in search of alternatives like silage additives.
Subsidies on meat exports in countries like India are driving the manufacturers to increase meat production thereby fuelling the growth of markets. Countries such as Indonesia, Vietnam, and Malaysia are also promising markets in the region. The major reason for growth in these countries is adoption of intensive farming system. Untapped markets of Asia-Pacific region is the target of many key players.
Both domestic and global players are focused on increasing the production capacity of as well as conducting awareness campaigns to expand their market. Innovations in production process to reduce the cost of production are another priority of the local manufacturers.
Silage inoculants are used majorly for fermentation aids and spoilage inhibitors. Due to growing demand for naturally extracted products, the demand for silage inoculants is extended further. Moreover, Acids and Organic Acids are also gaining the attention nowadays as they aid in balancing the pH and fermentation process.
Asia-Pacific market has a lot to offer for the market players given its ever-growing consumer base. Untapped markets of Asia-Pacific region are the targets of many key players. Both domestic and global players are focusing on increasing the production capacity, establishing manufacturing sites in Asia and conducting awareness campaigns to expand their market in the region.
Market Definition for the specified topic along with identification of key drivers and restraints for the market
Analysis for the Asia-Pacific Silage Additives Market, with region specific assessments and competition analysis on a global and regional scale
Segment-level analysis in terms of application and end-user demand
Forecasts and estimations for the sub-segment level market
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on a global and regional scale
Identification and analysis of the exogenous and endogenous factors such as macro and microeconomic variables that affect the Asia-Pacific Silage Additives Market on both global and regional scale
Extensively researched competitive landscape section with profiles of key players along with their share of markets
A comprehensive analysis of recent organic and inorganic developments in the market by the major companies, and strategic benchmarking of developments
Scope of the Study:
Comprehensive overview of the Asia-Pacific Silage Additives Market
Competitive intelligence regarding the major players in this industry and the strategies adopted by them
Insights about the major countries/regions in which this industry is blooming and also identifies the regions which are untapped