The global Feed Pigments Market is projected to grow from USD 1,217.4 million in 2022 to USD 1,771.4 million in 2032, at a CAGR of 6.2% from 2022 to 2032.
Feed Pigments Market Overview:
Feed Pigments Market are natural or synthetic carotenoids used in feed products, mainly extracted from plant sources, stabilized, and mixed with suitable carriers to enhance standardized pigment activity. The global feed pigments market revenue is expected to witness rapid growth during the forecast period. The market is expected to perform well in the near future owing to the enhancement of palatability of meat products and feed, effective coloring of feed colors, and expansion of the food industry. Moreover, the acceptance of astaxanthin feed color by feed manufacturers, the role of feed color as a hormone precursor and colorant antioxidant to prevent various diseases in animals and improve animal health are estimated to drive the growth of global feed pigments market revenue some of the main factors.
Feed Pigments market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Feed Pigments market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.
The global Feed Pigments market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.
Significant Feed Pigments Market Dynamics and Growth Factors:
The global feed pigments market is witnessing the largest growth due to improving the appearance and quality of meat related products and is used in poultry feed to improve egg yolk and broiler skin pigmentation and make livestock healthier. Moreover, high-quality feed pigments help to increase the commercial value of animal products, and rising meat consumption are some of the factors driving the demand for feed pigments and driving the global feed pigments market during the forecast period.
However, high cost of synthetic colors, rising manufacturing costs, and availability of seasonal feed colors such as marigold are some of the factors that are likely to hamper the growth of the global feed pigments market in the near future.
Industry News and Key Developments
- In 2022, BASF Europe launched Lucantin Pink CWD, which can be used to color fish, trout and crustaceans, giving them an interesting pink color.
- In 2021, Kemin Industries Inc. introduced KEMIN ORO GLO® 20 Dry, which distributes color evenly throughout the meal for more consistent egg color. Distributes color throughout the feed pigments for more consistent egg pigmentation.
Top Key Players include in the Feed Pigments Market are
Nutreco, Cargill, Bio-Technology, D. Williamson, Royal DSM, BASF SE, Kemin, Novus, Kalsec, Vitafor, PHW, Behn Meyer, Guangzhou Leader Bio-Technology, and others.
The Feed Pigments market research report is categorized based on type, applications and region.
On the Basis of Type:
On the Basis of Application:
- Aquatic Animals
On the Basis of Region:
Geographically, the global Feed Pigments market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global Feed Pigments region is dominating this market in the upcoming future.
North America dominates the global feed pigments market, followed by Europe and Japan owing to the presence of research and development facilities, high awareness of the benefits of feed additives in livestock nutrition, and high acceptance of feed pigments by farmers.
Asia Pacific, Middle East & Africa holds great potential and is showing substantial growth in terms of increasing consumption of meat products, growing awareness in poultry and aquaculture industry, consumer concerns about health, safety, and rising demand for nutritious feed and processed animal products are some of the factors that will strengthen the growth of the global feed pigments market throughout the forecast period.
Further the regions are divided into countries as follows
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Feed Pigments Market report scope
CAGR of 6.2% during forecast period.
Carotenoids, Curcumin, Caramel
Swine, Cattle, Poultry, Aquatic Animals
Nutreco, Cargill, Bio-Technology, D. Williamson, Royal DSM, BASF SE, Kemin, Novus, Kalsec, Vitafor, PHW, Behn Meyer, Guangzhou Leader Bio-Technology
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America(Brazil, Argentina, Rest of Latin America)
- Rest Of the World
2017 to 2022
2023 to 2030
The major key questions addressed through this innovative research report:
What are the major challenges in front of the global Feed Pigments market?
Who are the key vendors of the global Feed Pigments market?
What are the leading key industries of the global Feed Pigments market?
Which factors are responsible for driving the global Feed Pigments market?
What are the key outcomes of SWOT and Porter’s five analysis?
What are the major key strategies for enhancing global opportunities?
What are the different effective sales patterns?
What will be the global market size in the forecast period?
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