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Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
Feed Pigments Market: By Pigment Type, By Source,, By Livestock, and Geography
Feed Pigments Market: By Pigment Type, By Source,, By Livestock, and Geography
Feed Pigments Market size valued US$ 1986.47 million in 2023 and is poised to grow at a CAGR of 3.8% from 2024-2030. Feed pigments are added to animal feed to enhance the palatability, colour, form, and increase the commercial values of meat derivatives. Feed pigments also act as anti-oxidants and make the animal healthy by curing various diseases. Feed pigments are classified into natural feed pigments and synthetic feed pigments. The most commonly used feed pigments include carotenoids, caramel, spirulina, and curcumin. It is growing at a significant CAGR due to increase in the use of feed in the livestock industry. Majority of market players are focusing on the synthesis of newer feed pigments with novel technologies.
Increase in the use of feed pigments by meat production industries for improving the organoleptic properties and health benefits are anticipated to fuel the feed pigment market. Moreover, acquisitions and mergers collaborations, product approvals, and product launchings are the strategies followed by the companies for increasing their revenue. For instance, in October 2011, Kalsec Inc. inked an agreement with OmniActive Health Technologies for the production, marketing, and distribution of natural zeaxanthin around the globe. In addition, rapid industrialization of poultry and pork meat production expected to upsurge in the revenue of market over the forecast timeframe.
Study Period
2024-2030Base Year
2023CAGR
3.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Increase in the demand for healthy & quality meat, a rise in awareness about nutritive food in consumers, upsurge in the disposable income, and rapid industrialization in poultry and pork meat production market are anticipated to fuel the growth of feed pigments market over the forecast period. Moreover, rise in inclination towards strong and healthier livestock for better production, increase in awareness about the feed pigments, and growing prevalence of various animal diseases are expected to boost the feed pigments market over the forecast period. However, the high manufacturing cost for the synthetic feed pigments and stringent regulatory guidelines might restrain the growth of Global feed pigments market over the forecast timeframe.
Geographically,It is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds a significant share in global feed pigment market owing to increase in the synthesis of newer feed pigments, high awareness about the animal health and feed pigments usage, and growing demand for healthy meat are anticipated to fuel the feed pigments market. Europe driven by the increase in the farming of aquatic animals majorly in Norway, Denmark, and Ireland, rise in the demand for healthy meat, raising awareness about the feed pigments benefits, and high disposable income are expected to create the demand for feed pigments in the region. Asia Pacific exhibiting significant growth, owing to rise in population demanding for healthy meat, increase in the number of meat production industries, and increase in disposable income are the factors drive the feed pigments market in the region. Latin America driven by the increase in the farming of aquatic animals in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 1986.47 million |
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Market CAGR |
3.8% |
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By Pigment Type |
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By Source |
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By Livestock |
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The global feed pigments market size was valued at US$ 1986.47 million in 2023 and is projected to grow at a CAGR of 3.8% from 2024 to 2030.
BASF SE, Kemin Industries, Inc, Royal DSM N. V, Novus International, Inc, Synthite Industries Ltd
North America is the fastest-growing region for feed pigments market
| 1. Executive Summary |
| 2. Global Feed Pigments Market Introduction |
| 2.1. Global Feed Pigments Market – Taxonomy |
| 2.2. Global Feed Pigments Market – Definitions |
| 2.2.1. Pigment Type |
| 2.2.2. Source Type |
| 2.2.3. Live Stock |
| 3. Global Feed Pigments Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Feed Pigments Market Dynamic Factors - Impact Analysis |
| 3.6. Global Feed Pigments Market – Regulations |
| 3.6.1. U.S. |
| 3.6.2. Europe |
| 3.7. Global Feed Pigments Market – Trends |
| 4. Global Feed Pigments Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Feed Pigments Market, By Product Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Carotenoids |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Lycopene |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| ... (continue the pattern for other product types) |
| 6. Global Feed Pigments Market Forecast, By Source Type, 2019 - 2023 and Forecast, 2024 - 2030 |
| 6.1. Natural Feed Pigments |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Synthetic Feed Pigments |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| ... (continue the pattern for other source types) |
| 7. Global Feed Pigments Market Forecast, By Livestock Type, 2019 - 2023 and Forecast, 2024 - 2030 |
| 7.1. Poultry |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Swine |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| ... (continue the pattern for other livestock types) |
| 8. Global Feed Pigments Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| ... (continue the pattern for other regions) |
| 9. North America Feed Pigments Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Pigment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Carotenoids |
| 9.1.2. Lycopene |
| ... (continue the pattern for other pigment types) |
| 9.2. Source Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Natural Feed Pigments |
| 9.2.2. Synthetic Feed Pigments |
| ... (continue the pattern for other source types) |
| 9.3. Livestock Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Poultry |
| 9.3.2. Swine |
| ... (continue the pattern for other livestock types) |
| 9.4. Country Analysis 2016 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. US |
| 9.4.2. Canada |
| ... (continue the pattern for other countries) |
| 10. Europe Feed Pigments Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| ... (continue the pattern for Europe as done for North America) |
| 11. Asia-Pacific Feed Pigments Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| ... (continue the pattern for Asia-Pacific as done for North America) |
| 12. Latin America Feed Pigments Market Analysis, 2012 - 2012 - 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| ... (continue the pattern for Latin America as done for North America) |
| 13. Middle East and Africa Feed Pigments Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| ... (continue the pattern for the Middle East and Africa as done for North America) |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. D.D. Williamson & Co., Inc. (DDW) (U.S.) |
| 14.2.2. BASF SE (Germany) |
| ... (continue the pattern for other companies) |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.