Latin America Feed Pigment Market was worth USD 0.200 billion in 2021 and is expected to reach USD 0.310 billion by 2026 with a CAGR of 3.6 %. 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 Latin America 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.
Latin America Feed Pigment Market – By Type:
Latin America Feed Pigment Market – By Carotenoids Source:
Latin America Feed Pigment Market – By Livestock:
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.
Geographically, market is segmented into brazil, Argentina and Mexico. Latin American market is expected to witness rapid increase in the market during forecast period.
key players listed in the report are Royal DSM N. V., BASF SE, D.D. Williamson & Co., Inc. (DDW), Kemin Industries, Inc., Behn Meyer Group, Novus International, Inc., Guangzhou Leader Bio-Technology Co., Ltd, Synthite Industries Ltd, Innovad AD NV/SA, and Vitafor NV.
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