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Feed Carotenoid Market By Type (Lutein, Canthaxanthin, Astaxanthin, Beta-Carotene, Lycopene, Zeaxanthin, And Others), By Animal Type (Poultry, Aquaculture, Swine, Ruminant, And Others), And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast To 2027.

Published: January, 2022
ID: 1301
Pages: 175

Feed Carotenoid Market Size, Growth, Trends, and Forecast 2026:

Feed Carotenoid Market was worth $1.5 billion in 2021 and estimated to be growing at a CAGR of 3.98%, to reach $1.9 billion by 2026.

Feed Carotenoid market is growing at a substantial rate due to the progress in the animal feed industry. Carotenoids are the organic pigments naturally occurring in plants and have been utilized for food colorings with beta-carotene for a long time. However, with constant research and development, they have also found significance in feeds and food supplements.

Feed Carotenoid Market Drivers:

The growth of the global Feed Carotenoid market is majorly driven by factors such as growing health consciousness among the consumers, rising consumption of compound and pelleted feed, and increasing predilection for natural coloration. Also, the growing acceptance of intensive farming systems in the poultry and aquaculture industry is anticipated to drive the growth of the market. However, factors such as high expenses incurred during the extraction and mounting costs of raw materials are thwarting the growth of the market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

3.98%

Segments Covered

By Type, By Animal Type

Various Analyses Covered

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

Regions Covered

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

Market Leaders Profiled

BASF SE, Chr. Hansen A/S, FMC Corporation, Kemin Industries Inc., Royal DSM N.V., and Behn Meyer Group.

Feed Carotenoid Market Segmentation:

Feed Carotenoid Market – By Type:

  • Lutein

  • Canthaxanthin
  • Astaxanthin
  • Beta-Carotene
  • Lycopene
  • Zeaxanthin
  • others

Among these, Astaxanthin leads the global Feed Carotenoid market, followed by beta-carotene and lutein. Astaxanthin is utilized on a large scale due to its functional characteristics, easy obtainability, and usage in almost all industrial areas. However, the beta-carotene segment is estimated to be the fastest-growing market during the forecast period, owing to its high efficacy and medicinal properties.

Feed Carotenoid Market – By Animal Type:

  • Poultry
  • Aquaculture
  • Swine
  • Ruminant
  • others

Under this segment, Poultry leads the market accounting for more than 45% of the market share. However, Aquaculture is projected to be the fastest-growing segment with a CAGR of 6.8%.

Based on geography the market is segmented into various regions namely:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle-East & Africa

The Asia Pacific and North America are the main users accounting for around 65% of the entire market. The U.S. is the major market and is also projected to be the fastest-growing country in North America. The Asia Pacific market has the highest CAGR due to growth in the Aquaculture and feed industry.

Partnerships and arrangements with raw material suppliers and traders to guarantee uninterrupted supply at discounted costs are the most adopted plan by the players in the market. Expansion of the company and putting up new plants to boost production capability is another tactic adopted by the key players.

Key Players:

The major companies dominating the global Feed Carotenoid market are BASF SE, Chr. Hansen A/S, FMC Corporation, Kemin Industries Inc., Royal DSM N.V., and Behn Meyer Group.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                           

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                              

                2.2 Research Phases                      

                                2.2.1 Secondary Research            

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling     

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                      

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 New Developments                

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                      

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market               

5. Market Segmentation                                              

                5.1 By Type                        

                                5.1.1 Lutein       

                                5.1.2 Canthaxanthin      

                                5.1.3 Astaxanthin            

                                5.1.4 Beta-Carotene      

                                5.1.5 Lycopene

                                5.1.6 Zeaxanthin             

                                5.1.7 Others      

                5.2 By Animal Type                         

                                5.2.1 Poultry     

                                5.2.2 Aquaculture           

                                5.2.3 Swine        

                                5.2.4 Ruminant

                                5.2.5 Others      

6. Geographical Analysis                                              

                6.1 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.2 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy           

                                6.2.6 France      

                6.3 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan        

                                6.3.5 South Korea           

                                6.3.6 Australia  

                6.4 Latin America                            

                                6.4.1 Introduction           

                                6.4.2 Brazil         

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America         

                6.5 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa        

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental      

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services

                                7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                        

                8.1 BASF SE                        

                                8.1.1 Overview

                                8.1.2 Product Analysis   

                                8.1.3 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues            

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 Chr. Hansen A/S                       

                8.3 FMC Corporation                     

                8.4 Kemin Industries Inc.                              

                8.5 Royal DSM N.V.                        

                8.6 Behn Meyer Group                 

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                        

                9.3 Agreements, collaborations and Joint Ventures                          

                9.4 New Product Launches                          

10. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Global Feed Carotenoid Market By Region, From 2022 - 2027 (USD Billion)
  2. Global Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  3. Global Lutein Market By Region, From 2022 - 2027 (USD Billion)
  4. Global Canthaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  5. Global Astaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  6. Global Beta-Carotene Market By Region, From 2022 - 2027 (USD Billion)
  7. Global Lycopene Market By Region, From 2022 - 2027 (USD Billion)
  8. Global Zeaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  9. Global Other types Market By Region, From 2022 - 2027 (USD Billion)
  10. Global Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  11. Global Poultry Market By Region, From 2022 - 2027 (USD Billion)
  12. Global Aquaculture Market By Region, From 2022 - 2027 (USD Billion)
  13. Global Swine Market By Region, From 2022 - 2027 (USD Billion)
  14. Global Ruminant Market By Region, From 2022 - 2027 (USD Billion)
  15. Global Other animals Market By Region, From 2022 - 2027 (USD Billion)
  16. North America Feed Carotenoid Market By Region, From 2022 - 2027 (USD Billion)
  17. North America Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  18. North America Lutein Market By Region, From 2022 - 2027 (USD Billion)
  19. North America Canthaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  20. North America Astaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  21. North America Beta-Carotene Market By Region, From 2022 - 2027 (USD Billion)
  22. North America Lycopene Market By Region, From 2022 - 2027 (USD Billion)
  23. North America Zeaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  24. North America Other types Market By Region, From 2022 - 2027 (USD Billion)
  25. North America Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  26. North America Poultry Market By Region, From 2022 - 2027 (USD Billion)
  27. North America Aquaculture Market By Region, From 2022 - 2027 (USD Billion)
  28. North America Swine Market By Region, From 2022 - 2027 (USD Billion)
  29. North America Ruminant Market By Region, From 2022 - 2027 (USD Billion)
  30. North America Other animals Market By Region, From 2022 - 2027 (USD Billion)
  31. United States Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  32. United States Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  33. Canada Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  34. Canada Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  35. Europe Feed Carotenoid Market By Region, From 2022 - 2027 (USD Billion)
  36. Europe Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  37. Europe Lutein Market By Region, From 2022 - 2027 (USD Billion)
  38. Europe Canthaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  39. Europe Astaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  40. Europe Beta-Carotene Market By Region, From 2022 - 2027 (USD Billion)
  41. Europe Lycopene Market By Region, From 2022 - 2027 (USD Billion)
  42. Europe Zeaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  43. Europe Other types Market By Region, From 2022 - 2027 (USD Billion)
  44. Europe Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  45. Europe Poultry Market By Region, From 2022 - 2027 (USD Billion)
  46. Europe Aquaculture Market By Region, From 2022 - 2027 (USD Billion)
  47. Europe Swine Market By Region, From 2022 - 2027 (USD Billion)
  48. Europe Ruminant Market By Region, From 2022 - 2027 (USD Billion)
  49. Europe Other animals Market By Region, From 2022 - 2027 (USD Billion)
  50. U.K Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  51. U.K Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  52. Spain Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  53. Spain Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  54. Germany Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  55. Germany Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  56. Italy Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  57. Italy Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  58. France Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  59. France Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  60. Asia-Pacific Feed Carotenoid Market By Region, From 2022 - 2027 (USD Billion)
  61. Asia-Pacific Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  62. Asia-Pacific Lutein Market By Region, From 2022 - 2027 (USD Billion)
  63. Asia-Pacific Canthaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  64. Asia-Pacific Astaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  65. Asia-Pacific Beta-Carotene Market By Region, From 2022 - 2027 (USD Billion)
  66. Asia-Pacific Lycopene Market By Region, From 2022 - 2027 (USD Billion)
  67. Asia-Pacific Zeaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  68. Asia-Pacific Other types Market By Region, From 2022 - 2027 (USD Billion)
  69. Asia-Pacific Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  70. Asia-Pacific Poultry Market By Region, From 2022 - 2027 (USD Billion)
  71. Asia-Pacific Aquaculture Market By Region, From 2022 - 2027 (USD Billion)
  72. Asia-Pacific Swine Market By Region, From 2022 - 2027 (USD Billion)
  73. Asia-Pacific Ruminant Market By Region, From 2022 - 2027 (USD Billion)
  74. Asia-Pacific Other animals Market By Region, From 2022 - 2027 (USD Billion)
  75. China Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  76. China Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  77. India Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  78. India Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  79. Japan Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  80. Japan Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  81. South Korea Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  82. South Korea Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  83. Australia Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  84. Australia Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  85. Latin America Feed Carotenoid Market By Region, From 2022 - 2027 (USD Billion)
  86. Latin America Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  87. Latin America Lutein Market By Region, From 2022 - 2027 (USD Billion)
  88. Latin America Canthaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  89. Latin America Astaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  90. Latin America Beta-Carotene Market By Region, From 2022 - 2027 (USD Billion)
  91. Latin America Lycopene Market By Region, From 2022 - 2027 (USD Billion)
  92. Latin America Zeaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  93. Latin America Other types Market By Region, From 2022 - 2027 (USD Billion)
  94. Latin America Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  95. Latin America Poultry Market By Region, From 2022 - 2027 (USD Billion)
  96. Latin America Aquaculture Market By Region, From 2022 - 2027 (USD Billion)
  97. Latin America Swine Market By Region, From 2022 - 2027 (USD Billion)
  98. Latin America Ruminant Market By Region, From 2022 - 2027 (USD Billion)
  99. Latin America Other animals Market By Region, From 2022 - 2027 (USD Billion)
  100. Brazil Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  101. Brazil Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  102. Argentina Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  103. Argentina Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  104. Mexico Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  105. Mexico Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  106. Middle East & Africa Feed Carotenoid Market By Region, From 2022 - 2027 (USD Billion)
  107. Middle East & Africa Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  108. Middle East & Africa Lutein Market By Region, From 2022 - 2027 (USD Billion)
  109. Middle East & Africa Canthaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  110. Middle East & Africa Astaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  111. Middle East & Africa Beta-Carotene Market By Region, From 2022 - 2027 (USD Billion)
  112. Middle East & Africa Lycopene Market By Region, From 2022 - 2027 (USD Billion)
  113. Middle East & Africa Zeaxanthin Market By Region, From 2022 - 2027 (USD Billion)
  114. Middle East & Africa Other types Market By Region, From 2022 - 2027 (USD Billion)
  115. Middle East & Africa Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  116. Middle East & Africa Poultry Market By Region, From 2022 - 2027 (USD Billion)
  117. Middle East & Africa Aquaculture Market By Region, From 2022 - 2027 (USD Billion)
  118. Middle East & Africa Swine Market By Region, From 2022 - 2027 (USD Billion)
  119. Middle East & Africa Ruminant Market By Region, From 2022 - 2027 (USD Billion)
  120. Middle East & Africa Other animals Market By Region, From 2022 - 2027 (USD Billion)
  121. Middle East Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  122. Middle East Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)
  123. Africa Feed Carotenoid Market By Type, From 2022 - 2027 (USD Billion)
  124. Africa Feed Carotenoid Market By Animal Type , From 2022 - 2027 (USD Billion)

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