Feed Pigment Market

Feed Pigment Market Size & Growth:

Feed Pigment Market was worth USD 2.05 billion in 2021 and is expected to reach USD 3.24 billion by 2026 with a CAGR of 3.4 %. The pigment is a compound that 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 Feed Pigment Market:

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

FEED PIGMENT MARKET REPORT COVERAGE:

Feed Pigment Market Segmentation:

Feed Pigment Market – By Type:

• Carotenoids

• Curcumin
• Caramel
• Spirulina & Others

Feed Pigment Market – By Carotenoids:

• Natural Feed Pigments
• Synthetic Feed Pigments

Feed Pigment Market – By Source and livestock:

• Swine
• Ruminants
• Poultry
• Aquatic Animals and Others

Further based on Carotenoids, the 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.

Feed Pigment Market – By Regions:

• North America
• Europe
• Asia Pacific 
• Latin America
•  Middle East and Africa

Europe accounted for the largest share globally owing to the increased awareness about the benefits of feed pigments. Asia-Pacific is expected to be the fastest-growing market owing to factors like large population, growing health consciousness among people and rising disposable incomes.

Key Players:

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