Global Feed Pigments Market Size, Trends and Growth Opportunity, By Type (Carotenoids, Curcumin, Caramel, Spirulina and Others), Carotenoids Source (Natural and Synthetic), Livestock (Swine, Poultry, Ruminants, Aquatic Animals and Others), By Region and Forecast Till 2027.
Global Feed Pigments Market
The Global Feed Pigments Market was valued at US$7 billion in 2021 and it is expected to reach at US$8.72 billion in 2027 at a CAGR of 3.03% during forecast period 2022-2027.
Feed Pigments refer to the preservatives that add- on the colour of the products such as meat, milk and egg. The flavor enhancer changes the colour of the product by imparting, deepening and renewing it. It helps to enhance the taste of feed and cure diseases in animals which further help in making them healthier. There are some common feed carotenoids, caramel, curcumin and spirulina are available in the market.
Market Drivers
Increasing awareness among consumer regarding health, nutritious diet and rising disposable income are key factors driving the growth for this market. Moreover, growing meat sector and increasing urbanization are also influencing the growth of this market. Key players are researching and developing new feed pigment production procedures and rising awareness of aquaculture and poultry industries are propelling the market’s growth.
Market Restraints
Market expansion is being hampered by fluctuating raw material prices, global overcapacity, and environmental concerns. Additionally, growth during the predicted period is anticipated to be slowed by less expensive alternatives. The market for feed pigments is anticipated to gain from a movement in customer preference toward the usage of pellet feed. Throughout the forecast period, expansion in the global market is anticipated to be constrained by high manufacturing and administrative costs for processing synthetic pigments.
Market Segmentation
The global Wi-Fi range extender market is segmented into type, carotenoids source and livestock. By type it segmented into carotenoids, curcumin, caramel, spirulina and others. By carotenoids source it segmented into natural and synthetic. By livestock it segmented into swine, poultry, ruminants, aquatic animals and others.
Regional Analysis
The global feed pigments market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. North America dominates global feed market due to the emergence of research & development facilities and rising awareness about the benefits of feed preservatives in livestock nutrition and widely acceptance of feed pigments among farmers.
Key Players
Various key players are listed in this report such as BASF SE (U.S), Sun Chemical (U.S), Sensient Cosmetic Technologies (U.S), Merck KGaA (Germany), ALTANA divisions (Germany), Sudarshan Chemical Industries Limited (India), Clariant AG (Switzerland), LANXESS (Germany), Venator Materials PLC (U.K), GEOTECH (Netherlands).
Market Taxonomy
By Type
Carotenoids
Curcumin
Caramel
Spirulina
Others
By Carotenoids Source
Natural
Synthetic
By End User
Swine
Poultry
Ruminants
Aquatic Animals
Others
Key Question Addressed by the Report
What are the Key Opportunities in Global Feed Pigments Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
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