The North American feed pigment market was valued at USD 0.56 billion in 2023 and is anticipated to reach USD 0.58 billion in 2024 from USD 0.76 billion by 2032, growing at a CAGR of 3.4 % from 2024 to 2032. The pigment is a compound that provides color to other substances.
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 an anti-oxidant to cure many diseases in animals and make them healthy.
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.
North America is experiencing a tremendous increase in the production of feed pigments owing to the growing demand from consumers for pigments and growing health consciousness among the young population
Major players listed in the report are Royal DSM N. V., Behn Meyer Group, Novus International, Inc., Kemin Industries, Inc., Guangzhou Leader Bio-Technology Co., Ltd, BASF SE, Innovad AD NV/SA, Synthite Industries Ltd, D.D. Williamson & Co., Inc. (DDW), and Vitafor NV.
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