The Europe feed pigment market size is expected to reach USD 0.34 billion in 2024 and reach USD 0.42 billion by 2029, growing at a CAGR of 3.9% from 2024 to 2029.
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.
Growing health consciousness among consumers to take healthy food, rising demand for meat, rising need for healthier livestock owing the growth of meat industry and rising disposable incomes 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.
Carotenoids dominated the market in 2015 owing to their widespread usage.
Europe accounted for the largest share globally owing to the increased awareness about the benefits of feed pigments.
Major players listed in the report are Royal DSM N. V., Guangzhou Leader Bio-Technology Co., Ltd, Kemin Industries, Inc., BASF SE, Vitafor NV., D.D. Williamson & Co., Inc. (DDW), Innovad AD NV/SA, Novus International, Inc., Behn Meyer Group, and Synthite Industries Ltd.
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