The global Feed Pigments Market is projected to grow from USD 1,217.4 million in 2022 to USD 1,771.4 million in 2032, at a CAGR of 6.2% from 2023 to 2032.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Feed Pigments Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Feed Pigments Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. Feed Pigments Market are carotenoids that come from plants or are made in a lab and are used in feed products. They are usually extracted from plants, stabilized, and mixed with suitable carriers to improve the activity of standardized pigments. During the next few years, the revenue from the global feed pigments market is expected to grow quickly. The market is expected to do well in the near future because meat products and feed are becoming more tasty, feed colors are getting better, and the food industry is growing. Some of the main factors that are expected to drive the growth of the global feed pigments market are the acceptance of astaxanthin feed color by feed manufacturers and the role of feed color as a hormone precursor and colorant antioxidant to prevent different diseases in animals and improve their health.
Estimates and forecasts of the size of the Feed Pigments market are given in terms of sales volume (K units) and revenue (million USD), with data from 2017 to 2030, with 2022 as the base year. This report breaks down the global Feed Pigments market into many different types. Regional market sizes are also given for each product type, each application, and each player. When figuring out how big the market was, we took COVID-19 and other global crises into account. The global Feed Pigments market is a professional and accurate study of different business perspectives, such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been put together based on the different global market segments and subsegments.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Feed Pigments Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Feed Pigments Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. Overall, the feed pigment market is expected to grow at a CAGR of 3.2% from 2015 to 2020, going from USD 917.4 million in 2015 to USD 1,071.4 million in 2020. The market is growing because more people want to buy meat products and more livestock growers are learning about how carotenoids are good for animals’ health. The market is also being driven by things like the increasing industrialization of the pork, aquaculture, and poultry industries, as well as the fact that people are starting to realize how important feed pigments are in fish farming. When it comes to livestock, the poultry segment of the global market is the largest, followed by ruminants and swine. In places where there is a lot of demand for meat and meat products, these are used a lot. By type, the feed pigment market is split into carotenoids, curcumin, caramel, spirulina, and other groups (riboflavin, betalains, and vegetable black). The feed industry uses carotenoids more than any other type of feed pigment. Carotenoids are added to animal feed as nutrients to improve the health of the animals and the quality of the food they make. New forms of carotenoids or concentrated carotenoids are being made to help feedstuff formulators give animals enough carotenoids at all times. This helps the market grow quickly.
Based on types, the Feed Pigments Market is segmented into:
- Carotenoids
- Curcumin
- Caramel
Based on application, the Feed Pigments Market is segmented into:
- Swine
- Cattle
- Poultry
- Aquatic Animals
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Recent Development
BASF Europe released Lucantin Pink CWD in 2022. This can be used to give fish, trout, and crustaceans a pink color.
In 2021, Kemin Industries Inc. came out with KEMIN ORO GLO® 20 Dry, which spreads color evenly throughout the meal to make egg colors more consistent. Spreads color throughout the feed pigments so that the color of the eggs is more consistent.
Regional Analysis
The global Feed Pigments market has been looked at in different parts of the world, like North America, South America, the Middle East, Asia-Pacific, Africa, Europe, and India. In the near future, this market will be led by the global Feed Pigments region. North America is the biggest market for feed pigments in the world, followed by Europe and Japan. This is because North America has more research and development facilities, farmers are more aware of the benefits of feed additives for livestock, and farmers are more likely to use feed pigments. Asia, the Middle East, and Africa have a lot of potential and are growing a lot. This is because more people are eating meat products, the poultry and aquaculture industries are becoming more aware, people are worried about their health and safety, and the demand for healthy feed and processed animal products is going up. All of these things will help the global feed pigments market grow over the next few years.
Regional Feed Pigments Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the Feed Pigments Market include:
- Feed Pigments Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/feed-pigments-market-20881Key Market Participants in the Feed Pigments Market :
Nutreco, Cargill, Bio-Technology, D. Williamson, Royal DSM, BASF SE, Kemin, Novus, Kalsec, Vitafor, PHW, Behn Meyer, Guangzhou Leader Bio-Technology, and others.
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