Asia-Pacific Feed Pigment Market

Asia-Pacific Feed Pigment Market Size, Growth, Trends and Forecast:

Asia-Pacific Feed Pigment Market has been estimated at USD 0.410 billion in 2021 and is projected to reach USD 0.560 billion by 2026, at a CAGR of 3.2% during the forecast period from 2022 - 2027.

Pigment is a compound which provides color to the other substance. Feed Pigments provide aid to improve the commercial value of meat derivatives by improving the color, Form, and palatability of the feed. It also acts as anti-oxidants to cure many diseases in animals and making them healthy.

Drivers and Restraints of Asia-Pacific Feed Pigment Market:

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

Asia-Pacific Feed Pigment Market Segmentation:

Asia-Pacific Feed Pigment Market – By Type:

• Carotenoids

• Curcumin
• Caramel
• Spirulina & Others

Asia-Pacific Feed Pigment Market – By Carotenoids Source:

• Natural Feed Pigments
• Synthetic Feed Pigments

Asia-Pacific Feed Pigment Market – By Livestock:

• Swine
• Ruminants
• Poultry
• Aquatic Animals
• Others

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

Geographical Analysis:

Geographically, market is segmented into

• India
• China
• Japan
• Australia
• South Korea

Asia-Pacific is expected to be the fastest growing market owing to the factors like large population, growing health consciousness among people and rising disposable incomes.

Major Key Players:

Major players listed in the report are D.D. Williamson & Co., Inc., BASF SE, Kemin Industries, Inc., Novus International, Inc., Guangzhou Leader Bio-Technology Co., Ltd, Royal DSM N. V., Behn Meyer Group, Synthite Industries Ltd, Innovad AD NV/SA, and Vitafor NV.