Market Overview
Silage preservation is used to reduce oxygen and increase acidity rapidly which helps to stabilize and preserve the forage which is further used to feed the livestock and improves the quality of nutrients in the feed. Silage additive market is examining growth based on high usage of silage as a biofuel feedstock for anaerobic digesters. Moreover, in North America, increasing awareness of animal protein and inclination of consumers towards meat consumption are driving the growth of the market. Owing to the increased consumer awareness and availability of latest technology equipment, North America is examined to be dominating the silage additive market.
Market Forecast
Silage additive market is one of the sources in improving livestock feeding and increase the nutritional level in animals. Therefore, increasing focus of consumers in improvising animal health is boosting the market. Moreover, increased consumption of biofuel is driving the silage additive market. Additionally, government regulation in Europe, North America and few regions of Asia Pacific is witnessed to be the major supporting factor in clean energy application which in turn is boosting the market of silage additive market. However, this opportunity is increasing the number of new entrants in the industry which may hamper its growth during the forecast period 2017-2023.
All these factors will contribute to the estimated CAGR of 3.2% of silage additives during the forecast period 2017-2023.
Key Players
Archer Daniels Midland Company. (U.S.)
ADDCON GROUP GmbH. (Germany)
BASF SE (Germany)
Cargill Inc (U.S.)
Brett Brothers Ltd. (Ireland)
Evonik Industries AG (Germany)
LALLEMAND Inc. (Canada)
Market Segmentation:
Silage additives is segmented on the basis of additives, crop type, application and region.
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Regional Analysis
The global silage additive market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is projected to dominate the market followed by Europe. The rising awareness of animal protein among the consumers and availability of latest technologies for innovations in animal nutrient products are driving the market growth of North America. Furthermore, Asia Pacific is expected to witness growth during the forecast period 2017-2023 owing to rising industrialization of meat. China, India and Japan are the major markets contributing to the growth of Asia Pacific market.
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The number of coffee consumers has increased considerably across the globe, which has prompted coffee producers to introduce new variants in the market to stay competitive.
The rising demand for decaffeinated instant coffee is propelling market players to introduce such products.The global instant coffee market has been segmented based on category, type, distribution channel, and region.Based on category, the global instant coffee market has been segmented into traditional and decaffeinated.
The traditional instant coffee segment gained the higher market share in 2018 owing to the high sales volume among retail consumers.
The spray-dried segment is expected to be larger during the forecast period because of the growing demand for the powdery texture of spray-dried instant coffee, which enables quick dissolution in hot water or milk.
This can be attributed to the better retention of aroma and flavor of freeze-dried instant coffee as compared to spray-dried instant coffee.Based on distribution channel, the global instant coffee market has been classified as store-based and non-store-based.
The store-based segment has further been segregated into supermarkets and hypermarkets, convenience stores, and others.
The number of coffee consumers has increased considerably across the globe, which has prompted coffee producers to introduce new variants in the market to stay competitive.
The rising demand for decaffeinated instant coffee is propelling market players to introduce such products.The global instant coffee market has been segmented based on category, type, distribution channel, and region.Based on category, the global instant coffee market has been segmented into traditional and decaffeinated.
However, the decaffeinated segment is expected to register the higher growth rate owing to shifting consumer preferences for coffee with a low caffeine content.Access Report Details @ https://www.marketresearchfuture.com/reports/instant-coffee-market-7834By type, the global instant coffee market has been divided into freeze-dried and spray-dried.
The spray-dried segment is expected to be larger during the forecast period because of the growing demand for the powdery texture of spray-dried instant coffee, which enables quick dissolution in hot water or milk.
This can be attributed to the better retention of aroma and flavor of freeze-dried instant coffee as compared to spray-dried instant coffee.Based on distribution channel, the global instant coffee market has been classified as store-based and non-store-based.
The store-based segment has further been segregated into supermarkets and hypermarkets, convenience stores, and others.
Market HighlightsGlobal Baking Mixes Market is estimated to be valued at USD 2,890.7 Million by 2026, registering a CAGR of 4.23% during the forecast period.
Increasing affluence combined with faster-paced lifestyles is driving willingness to skip meals at home and spend on food and snacks ‘on-the-go’ is driving the growth of baking mixes market.North America was the largest market for baking mixes in 2019.
The expanding product portfolio of baking mixes by the key manufacturers is one of the significant factors driving the growth of the baking mixes market in the region.The global baking mixes market is projected to register a notable growth rate during the forecast period.
Furthermore, the growth of the organized retail sector in Asia-Pacific supports the growth of the global baking mixes market.
Furthermore, stringent regulatory environment restrictions are hindering the growth of the global baking mixes market.Segmental AnalysisGlobal Baking Mixes Market has been segmented on the basis of Product Type, Category, End-Use, Distribution Channel and Region.By product type, the market has been divided into cookie & biscuit mixes, cake, pastry & muffin mixes, bread mixes, and others.
However, the bread mixes segment is projected to be the fastest-growing segment during the forecasted period.Based on category, the market has been segmented into conventional and gluten-free.
Animal Compound Feed Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe.
A mixture of raw materials and supplements of vegetable or animal origin, fed to livestock is known as compound feed.
They are used in order to provide an adequate diet for high producing animals.
The most commonly used ingredients in animal compound feed include wheat, corn, soybean, amino acids, antibiotics, minerals, etc.Request a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/animal-compound-feed-market/request-sampleThe factors that propel the growth of the Animal Compound Feed Market include growing demand, ever increasing population, significant rise in worldwide meat consumption, technological innovations and upturn in livestock production.
In addition, some other factors such as rising awareness regarding meat quality and safety, rise in disposable income, and growing health awareness from protein intake by meat consumption.
Animal Compound Feed Market is classified on the basis of product type, applications, distribution channel and geography.
