Middle East And Africa Feed Pigment Market

Middle East and Africa Feed Pigment Market Size, Growth, Trends and Forecast:

Middle East and Africa Feed Pigment Market was worth USD 132.17 million in 2021 and is expected to reach USD 162.64 million by 2026 with a CAGR of 2.7 %.

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 Middle East and Africa 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.

Middle East and Africa Feed Pigment Market Segmentation:

Middle East and Africa Feed Pigment Market – By Type:

• Carotenoids

• Curcumin
• Caramel
• Spirulina
• Others

Middle East and Africa Feed Pigment Market – By Carotenoids Source:

• Natural Feed Pigments
• Synthetic Feed Pigments

Middle East and Africa 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 Middle East and Africa. This market is expected to increase significantly during the forecast period

Major Key Players:

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