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Global Feed Pigment Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Based On Type (Carotenoids (Beta-Carotene, Canthaxanthin, Lutein, Astaxanthin, Lycopene, Zeaxanthin, Other Carotenoids), Curcumin, Caramel, Spirulina & Others), Carotenoids Source (Natural, Synthetic), Livestock (Swine, Ruminants, Poultry, Aquatic Animals & Others), And Region (North America, Europe, APAC, Latin America, Middle East And Africa) – Industry Analysis From 2024 To 2029.

Published: March, 2023
ID: 2174
Pages: 175
Formats: report pdf report excel report power bi report ppt

Global Feed Pigment Market Size (2024 to 2029)

As per our analysis report, the global Feed Pigment Market is expected to reach USD 2.68 billion by 2029 from USD 2.27 billion in 2024, growing at a compound annual growth rate (CAGR) of 3.4% during the forecast timeline.

Global Feed Pigment Market Drivers and Restraints:

Rising demand for meat, growing health consciousness among consumers to make healthy food, rising disposable incomes, and rising need for healthier livestock owing to the growth of the meat industry are some of the factors driving the market. However, factors like the high expense of synthetic pigments and the scarcity of natural pigments are restraining the growth of the market.

REPORT COVERAGE: 

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

3.4%

Segments Covered

By Type, Carotenoids Source, LiveStock, and Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

BASF SE, Royal DSM N. V., Kemin Industries, Inc., D.D. Williamson & Co., Inc. (DDW), Guangzhou Leader Bio-Technology Co., Ltd, Behn Meyer Group, Innovad AD NV/SA, Novus International, Inc., Synthite Industries Ltd and Vitafor NV.

 

This research report on the global feed pigment market has been segmented and sub-segmented based on type, carotenoids source, livestock, and region.

Global Feed Pigment Market – By Type:

  • Carotenoids
  • Beta-Carotene
  • Canthaxanthin
  • Lutein
  • Astaxanthin
  • Lycopene
  • Zeaxanthin and Other Carotenoids
  • Curcumin
  • Caramel
  • Spirulina & Others

Global Feed Pigment Market – By Carotenoids Source:

  • Natural Feed Pigments
  • Synthetic Feed Pigments

Further based on Carotenoids, the market is further segmented into Beta-Carotene, Canthaxanthin, Lutein, Astaxanthin, Lycopene, Zeaxanthin, and Other Carotenoids. Carotenoids dominated the market in 2015 owing to its widespread usage.

Global Feed Pigment Market – By Livestock:

  • Swine
  • Ruminants
  • Poultry
  • Aquatic Animals and Others

Global Feed Pigment Market – By Region:

  • North America
  • Europe
  • Asia Pacific 
  • Latin America
  • Middle East and Africa

Europe accounted for the largest share globally owing to the increased awareness about the benefits of feed pigments. Asia-Pacific is expected to be the fastest-growing market owing to factors like large population, growing health consciousness among people and rising disposable incomes.

KEY MARKET PLAYERS:

The key market players of global feed pigment market are BASF SE, Royal DSM N. V., Kemin Industries, Inc., D.D. Williamson & Co., Inc. (DDW), Guangzhou Leader Bio-Technology Co., Ltd, Behn Meyer Group, Innovad AD NV/SA, Novus International, Inc., Synthite Industries Ltd and Vitafor NV.

 

 

 

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FAQ's

1. What trends are influencing the feed pigments market?

Key trends influencing the market include the shift towards natural and organic feed additives due to growing concerns over synthetic additives' environmental and health impacts. There's also a focus on sustainable and environmentally friendly production processes. Technological advancements in feed pigment production and application are also shaping the market.

2. What is driving the growth of the feed pigments market?

The growth of the feed pigments market is driven by several factors, including increasing demand for meat, poultry, and aquaculture products, rising consumer preference for the visual appeal of animal-derived foods, and growing awareness of the health benefits of natural feed additives for livestock.

3. What are the challenges faced by the feed pigments market?

Challenges include regulatory constraints, the high cost of natural pigments compared to synthetic ones, and the need for ongoing research to prove the efficacy and safety of new pigment sources. Additionally, there is a growing consumer demand for clean-label products, which can limit the use of certain synthetic pigments.

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