Feed Pigments Market Research Insights 2022-28

 The global feed pigments market size valued USD 1056.16 million in 2021 and expected to reach USD 1370.52 million by 2028, at a CAGR of 3.8% during the forecast period 2022-2028.  Pigments are often used in animal feed to improve the look and nutritional value. Carotenoids are the most important of all the feed pigments, owing to their great nutritional value. Carotenoids have been unable to be synthesized by animals, so they must be obtained through their diet. The increased awareness of catenoids' nutrient quality has resulted in an increase in demand for feed pigments all over the world. Due to the health advantages of carotenoids for animals, the feed pigment business has grown significantly. Furthermore, increased meat consumption is expected to drive the market for feed pigments in the future years. The growing demand from the Asia-Pacific region presents a huge business potential for the feed pigment industry's major players.


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The increased demand for robust meat, growing healthcare consciousness among people about the consumption of nutritious food, expanding urbanization, and increase in disposable income are the primary drivers expected to drive the growth of the feed pigment industry. Furthermore, the rising demand for better livestock, combined with the developing meat sector, is expected to propel the feed pigment market forward. Additionally, the medical benefits of carotenoids for animals, expanding meat consumption, the modernization of the hog, poultry, and seafood industries, and beneficial for businesses for pellet feed are all expected to drive the worldwide feed pigment market forward. Furthermore, high nutrient pigments aid in the refinement of the commercial value of animal foods, as well as increased meat consumption, which are two aspects that are expected to drive the worldwide feed pigments market during the forecast period.

 

The global feed pigments market segmentation:

1) By Pigment Type, (Carotenoids, Lycopene, Lutein, Zeaxanthin, Astaxanthin, Beta-carotene, Caramel, Curcumin, Spirulina, Others.

2) by Source, (Natural feed pigments, Synthetic feed pigments.

3) by Livestock, (Poultry, Swine, Ruminants, Aquatic animals, Equine, Others.

The biggest market share belongs to North America. The rapid expansion of feed pigment manufacturing capacity as a result of increasing consumer demand for pigments in the food business, especially in the United States. The market in this province will be boosted by increasing health issues among the younger generation and leading players tactically focusing on reinforcing their R&D capabilities by capitalizing on modern technology to offer diverse product portfolios that increase the nutritive advantages of feed pigments.

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There are some major players working in feed pigments market, which include D.D. Williamson & Co., Inc. (DDW) (U.S.), BASF SE (Germany), Kemin Industries, Inc. (U.S.), Royal DSM N. V. (Netherlands), Novus International, Inc.(U.S.),  Synthite Industries Ltd (India), Nutrex NV (Belgium), Guangzhou Leader Bio-Technology Co., Ltd (China) to name a few.

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