Feed Pigments Market

Global Feed Pigments Market by Types (Carotenoids [Alpha-carotene, Beta-carotene, Lycopene, Lutein, Zeaxanthin, Astaxanthin, Canthaxanthin, and Others], Curcumin, Spirulina, Caramel, and Others), Livestock (Ruminant, Poultry, Swine, Aquaculture, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-1339
  • Author: Growth Market Reports
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  • No. Of Pages: 213
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The global feed pigments market size was valued at USD 1.2 billion in 2020 expanding at a CAGR of 2.93% during the forecast period, 2021–2028. The growth of the market is attributed to increasing demand for meat, rising consumer awareness about healthy food consumption, acceleration of urbanization, and increasing disposable income.

Pigments are substances that are responsible for the color of skin, eyes, and hair. Feed pigments are extracted from natural pigments in feed and synthetic pigments in feed. Improving the shape of animal products and acting as antioxidants to improve the palatability of feed and help treat various diseases of animals, so as to make the animals healthy, thereby increasing the commercial value of meat by-products.

Feed Pigments

Food coloring has gained global recognition for improving the quality and quantity of animal products. Changes in lifestyle and consumer preference for healthy diets, organic foods, and increased consumption of meat are the main market drivers. For example, pigments in poultry feed are used to determine the hue of egg yolks and poultry skin. Population growth in developing countries has increased the demand for poultry, ruminant, and other farm animal production, leading to increased market demand for feed pigments.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising awareness of health benefits of carotenoids by animals is expected to boost the market during the forecast period.
  • Rapid growth of the poultry industry due to rising demand of meat is the major factor driving the market during the forecast period.
  • Increasing preference for pellet feed is expected to fuel the market in coming years.
  • High cost of raw materials and strict regulatory aspects is projected to hamper the market growth.
  • Lack of awareness among people about health benefits of feeds and high nutritive value act as major challenges that can restrict the market growth during the forecast period.
  • R&D investment and advancement of feed pigments adding high quality nutrients and growing aquaculture industry is anticipated to offer significant opportunities for the market players.

Scope of the Report

The report on the global feed pigments market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Global Feed Pigments Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Carotenoids [Alpha-carotene, Beta-carotene, Lycopene, Lutein, Zeaxanthin, Astaxanthin, Canthaxanthin, and Others], Curcumin, Spirulina, Caramel, and Others), and Livestock (Ruminant, Poultry, Swine, Aquaculture, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Royal DSM N.V, Kemin Industries Inc., Novous International, Synthite Industries Ltd., and BASF SE

Market Segment Insights

The carotenoids segment is projected to hold a major market share

Based on types, the feed pigments market is segregated into carotenoids, curcumin, spirulina, caramel, and others. Carotenoids are further segregated into alpha-carotene, beta-carotene, lycopene, lutein, zeaxanthin, astaxanthin, and canthaxanthin. The carotenoids segment is expected to represent a key share of the market during the forecast period. Carotenoids play the most important role in all feed pigments. Animals cannot synthesize carotenoids, and their diet depends on these compounds nutritional properties which help to determine the general immune status.

They are considered to be antioxidants, which cure animal allergies, skin diseases, immune disorders, eye diseases, and all cardiovascular diseases to a certain extent. In the pet food industry, people are increasingly aware of the health benefits of carotenoids used for animals, thereby increasing the market for feed pigments. Carotenoids are added to feed as nutrients to maintain animal health and improve product quality. The new form of concentrated carotenoids is expected to help feed formulators provide sufficient carotenoids for animals.

Feed Pigments

The poultry segment is expected to expand at a rapid pace

Based on livestock, the feed pigments market is fragmented into ruminant, poultry, swine, aquaculture, and others. The poultry segment is expected to represent a key share of the market during the forecast period. Animal feed pigments are used to enhance the color of animal products such as eggs, milk, and meat. Increasing meat consumption is the major factor driving market. Rising demand for long shelf life, stability and high uniformity while maintaining the coloring efficiency of egg yolk and chicken skin is projected drive the market.

North America is anticipated to dominate the market

On the basis of regions, the feed pigments market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The United States is the major market for feed pigments, with a market share of 19.2% and a value of 197.43 million US dollars in 2020. The market in Europe is expected to expand at a robust CAGR during the forecast period. Food coloring is added together with other feed additives to improve the color of animal meat and eggs. Food coloring is widely used in the poultry industry.

Feed Pigments

Segments

Segments Covered in the Report

The global feed pigments market has been segmented on the basis of

Types

  • Carotenoids
    • Alpha-carotene
    • Beta-carotene
    • Lycopene
    • Lutein
    • Zeaxanthin
    • Astaxanthin
    • Canthaxanthin
    • Others
  • Curcumin
  • Spirulina
  • Caramel
  • Others

Livestock

  • Ruminant
  • Swine
  • Poultry
  • Aquaculture
  • Others

Regions

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

Key Players

  • Royal DSM N.V
  • Kemin Industries Inc.
  • Novous International
  • Synthite Industries Ltd.
  • BASF SE

Competitive Landscape

Key players competing in the feed pigments market include Royal DSM N.V, Kemin Industries Inc., Novous International, Synthite Industries Ltd., and BASF SE

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance,  

In June, 2020 BASF SE partnered with China to support rice farmers

In March, 2019 Kemin Industries introduced a new product named Organic KEM GLO for North America Egg Producers

Feed Pigments

 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Feed Pigments Market Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Feed Pigments Market Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Feed Pigments Market Market - Supply Chain
  4.5. Global Feed Pigments Market Market Forecast
     4.5.1. Feed Pigments Market Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Feed Pigments Market Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Feed Pigments Market Market Absolute $ Opportunity
5. Global Feed Pigments Market Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Feed Pigments Market Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Feed Pigments Market Demand Share Forecast, 2019-2026
6. North America Feed Pigments Market Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Feed Pigments Market Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Feed Pigments Market Demand Share Forecast, 2019-2026
7. Latin America Feed Pigments Market Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Feed Pigments Market Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Feed Pigments Market Demand Share Forecast, 2019-2026
8. Europe Feed Pigments Market Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Feed Pigments Market Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Feed Pigments Market Demand Share Forecast, 2019-2026
9. Asia Pacific Feed Pigments Market Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Feed Pigments Market Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Feed Pigments Market Demand Share Forecast, 2019-2026
10. Middle East & Africa Feed Pigments Market Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Feed Pigments Market Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Feed Pigments Market Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Feed Pigments Market Market: Market Share Analysis
  11.2. Feed Pigments Market Distributors and Customers
  11.3. Feed Pigments Market Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Royal DSM N.V Kemin Industries Inc. Novous International Synthite Industries Ltd. BASF SE

Segments Covered in the Report

The global feed pigments market has been segmented on the basis of

Types

  • Carotenoids
    • Alpha-carotene
    • Beta-carotene
    • Lycopene
    • Lutein
    • Zeaxanthin
    • Astaxanthin
    • Canthaxanthin
    • Others
  • Curcumin
  • Spirulina
  • Caramel
  • Others

Livestock

  • Ruminant
  • Swine
  • Poultry
  • Aquaculture
  • Others

Regions

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

Key Players

  • Royal DSM N.V
  • Kemin Industries Inc.
  • Novous International
  • Synthite Industries Ltd.
  • BASF SE

Key players competing in the feed pigments market include Royal DSM N.V, Kemin Industries Inc., Novous International, Synthite Industries Ltd., and BASF SE

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance,  

In June, 2020 BASF SE partnered with China to support rice farmers

In March, 2019 Kemin Industries introduced a new product named Organic KEM GLO for North America Egg Producers

Feed Pigments

 

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