Global Feed Pigments Market, Size, Trends, By Type (Carotenoids, Curcumin, Caramel, Spirulina and Others), By Carotenoids Source (Natural and Synthetic), By Livestock (Swine, Poultry, Ruminants, Aquatic Animals and Others) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Feed Pigments Market
With a CAGR of 3.22 % from 2023 to 2030, the Global Feed Pigments Market is expected to grow from its estimated value of US$ 7.52 Bn in 2022 to US$ 10.12 Bn by 2030.
The compounds known as pigments give tissues their colour. They control the hue of your skin, hair, and eyes. Both natural and artificial feed pigments are generated from feed. Natural pigments and dietary components determine the hue of the items. These additives have the ability to impart, intensify, or refresh the colour of the product. They aid in making feed more palatable and treat many animal ailments, so enhancing their health. Spirulina, caramel, curcumin, and carotenoids are common feed pigments available today.
Market Drivers
Increased health consciousness among consumers regarding the consumption of nutrient-dense foods, expanding urbanisation, and increased disposable income are the main factors propelling the rise of the feed pigment sector. Furthermore, the market is anticipated to advance due to increased demand for safe and healthy livestock as well as an expanding meat industry. The market for feed pigments is anticipated to grow due to factors such as the advantages carotenoids provide for animal health, rising meat consumption, modernisation of the hog, poultry, and aquaculture industries, and expanding pellet feed demand.
When the demand for feed items rises quickly, manufacturers may be able to gain revenue by coming up with creative ways to expand production. New feed pigment production techniques are being researched and developed by significant market participants, particularly in the US. Another important element that is anticipated to significantly contribute to the target market's growth is greater knowledge of the poultry and aquaculture sectors. Additionally, if correctly promoted to the target market, feed pigments' numerous health advantages, including improved palatability and organoleptic developments, are anticipated to boost market growth in the near future.
Market Restraints
Changing pricing for raw materials, global overproduction, and environmental issues are all impeding market expansion. Less priced alternatives are also likely to restrict growth during the predicted period. The shift in consumer preference towards the use of pellet feed is expected to benefit the market for feed pigments. Throughout the forecast period, it is anticipated that high manufacturing and administrative costs for processing synthetic pigments will restrain the expansion of the global market.
Market Segmentation
The scope of the Global Feed Pigments Market covers segmentation based on By Type, By Carotenoids Source, By Livestock and By Region.
By Type, the market is segmented into Carotenoids, Curcumin, Caramel, Spirulina and Others. By Carotenoids Source, the market is segmented into Natural and Synthetic. By Livestock, the market is segmented into Hypermarkets/Supermarket, Departmental Stores, Others.
Regional Analysis
The Global Feed Pigments Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Because of its research and development centres, high level of knowledge on the advantages of feed additives in animal nutrition, and high level of acceptance of feed pigments by farmers, North America dominates the global market for feed pigments.
Some of the factors that will support the growth of the global feed pigments market over the course of the forecast period include rising meat consumption, increasing consumer concern over health and safety, growing awareness of poultry and the aquaculture industry, and rising demand for processed animal products as well as nutritive feeds in the Asia-Pacific region.
Key Players
BASF SE, Sun Chemical, Merck KGaA, ALTANA divisions, Clariant AG, LANXESS, Venator Materials PLC, GEOTECH, Koel Colours Pvt. Ltd., Yipin Pigments.
Market Taxonomy
By Type
- Carotenoids
- Curcumin
- Caramel
- Spirulina
- Others
- Natural
- Synthetic
- Swine
- Poultry
- Ruminants
- Aquatic Animals
- Others
- North America
- U.S.
- Canada
- Mexico
- Latin America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Venezuela
- Rest of Latin America
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Singapore
- Malaysia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest Middle East & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Feed Pigments Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.2.4 Cumulative Impact due to recent Energy Crisis
- 4.2.5 Cumulative Impact due to nearing economic downturn.
- 4.2.6 Post covid-19 world Supply& Demand conditions
- 4.2.7 Cumulative Impact of Russia-Ukraine Conflict
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Feed Pigments Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Global Feed Pigments Market Share Analysis, By Type
- 5.3 Global Feed Pigments Market Size and Forecast, By Type
- 5.3.1 Carotenoids
- 5.3.2 Curcumin
- 5.3.3 Caramel
- 5.3.4 Spirulina
- 5.3.5 Others
- 6 Global Feed Pigments Market, By Carotenoids Source
- 6.1 Y-o-Y Growth Comparison, By Carotenoids Source
- 6.2 Global Feed Pigments Market Share Analysis, By Carotenoids Source
- 6.3 Global Feed Pigments Market Size and Forecast, By Carotenoids Source
- 6.3.1 Natural
- 6.3.2 Synthetic
- 7 Global Feed Pigments Market, By Livestock
- 7.1 Y-o-Y Growth Comparison, By Livestock
- 7.2 Global Feed Pigments Market Share Analysis, By Livestock
- 7.3 Global Feed Pigments Market Size and Forecast, By Livestock
- 7.3.1 Swine
- 7.3.2 Poultry
- 7.3.3 Ruminants
- 7.3.4 Aquatic Animals
- 7.3.5 Others
- 8 Global Feed Pigments Market, By Region
- 8.1 Global Feed Pigments Market Share Analysis, By Region
- 8.2 Global Feed Pigments Market Size and Forecast, By Region
- 8.3 Global Feed Pigments Market Trends and Forecast, By Region
- 9 North America Feed Pigments Market Analysis and Forecast (2023-2030)
- 9.1 Introduction
- 9.2 North America Feed Pigments Market Share Analysis, By Type
- 9.3 North America Feed Pigments Market Size and Forecast, By Carotenoids Source
- 9.4 North America Feed Pigments Market Size and Forecast, By Livestock
- 9.5 North America Feed Pigments Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.1.1. Market Size and Forecast, By Type
- 9.5.1.2 Market Size and Forecast, By Carotenoids Source
- 9.5.1.3. Market Size and Forecast, By Livestock
- 9.5.2 Canada
- 9.5.2.1. Market Size and Forecast, By Type
- 9.5.2.2 Market Size and Forecast, By Carotenoids Source
- 9.5.2.3. Market Size and Forecast, By Livestock
- 9.5.3 Mexico
- 9.5.3.1. Market Size and Forecast, By Type
- 9.5.3.2 Market Size and Forecast, By Carotenoids Source
- 9.5.3.3. Market Size and Forecast, By Livestock
- 10 Europe Feed Pigments Market Analysis and Forecast (2023-2030)
- 10.1 Introduction
- 10.2 Europe Feed Pigments Market Share Analysis, By Type
- 10.3 Europe Feed Pigments Market Size and Forecast, By Carotenoids Source
- 10.4 Europe Feed Pigments Market Size and Forecast, By Livestock
- 10.5 Europe Feed Pigments Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.1.1. Market Size and Forecast, By Type
- 10.5.1.2 Market Size and Forecast, By Carotenoids Source
- 10.5.1.3. Market Size and Forecast, By Livestock
- 10.5.2 France
- 10.5.2.1. Market Size and Forecast, By Type
- 10.5.2.2 Market Size and Forecast, By Carotenoids Source
- 10.5.2.3. Market Size and Forecast, By Livestock
- 10.5.3 UK
- 10.5.3.1. Market Size and Forecast, By Type
- 10.5.3.2 Market Size and Forecast, By Carotenoids Source
- 10.5.3.3. Market Size and Forecast, By Livestock
- 10.5.4. Russia
- 10.5.4.1. Market Size and Forecast, By Type
- 10.5.4.2 Market Size and Forecast, By Carotenoids Source
- 10.5.4.3. Market Size and Forecast, By Livestock
- 10.5.5. Italy
- 10.5.5.1. Market Size and Forecast, By Type
- 10.5.5.2 Market Size and Forecast, By Carotenoids Source
- 10.5.5.3. Market Size and Forecast, By Livestock
- 10.5.6. Spain
- 10.5.6.1. Market Size and Forecast, By Type
- 10.5.6.2 Market Size and Forecast, By Carotenoids Source
- 10.5.6.3. Market Size and Forecast, By Livestock
- 10.5.7. Rest of Europe
- 10.5.7.1. Market Size and Forecast, By Type
- 10.5.7.2 Market Size and Forecast, By Carotenoids Source
- 10.5.7.3. Market Size and Forecast, By Livestock
- 11 Asia Pacific Feed Pigments Market Analysis and Forecast (2023-2030)
- 11.1 Introduction
- 11.2 Asia Pacific Feed Pigments Market Share Analysis, By Type
- 11.3 Asia Pacific Feed Pigments Market Size and Forecast, By Carotenoids Source
- 11.4 Asia Pacific Feed Pigments Market Size and Forecast, By Livestock
- 11.5 Asia Pacific Feed Pigments Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.1.1. Market Size and Forecast, By Type
- 11.5.1.2 Market Size and Forecast, By Carotenoids Source
- 11.5.1.3. Market Size and Forecast, By Livestock
- 11.5.2 Japan
- 11.5.2.1. Market Size and Forecast, By Type
- 11.5.2.2 Market Size and Forecast, By Carotenoids Source
- 11.5.2.3. Market Size and Forecast, By Livestock
- 11.5.3 India
- 11.5.3.1. Market Size and Forecast, By Type
- 11.5.3.2 Market Size and Forecast, By Carotenoids Source
- 11.5.3.3. Market Size and Forecast, By Livestock
- 11.5.4. South Korea
- 11.5.4.1. Market Size and Forecast, By Type
- 11.5.4.2 Market Size and Forecast, By Carotenoids Source
- 11.5.4.3. Market Size and Forecast, By Livestock
- 11.5.5. Australia
- 11.5.5.1. Market Size and Forecast, By Type
- 11.5.5.2 Market Size and Forecast, By Carotenoids Source
- 11.5.5.3. Market Size and Forecast, By Livestock
- 11.5.6. New Zealand
- 11.5.6.1. Market Size and Forecast, By Type
- 11.5.6.2 Market Size and Forecast, By Carotenoids Source
- 11.5.6.3. Market Size and Forecast, By Livestock
- 11.5.7. Singapore
- 11.5.7.1. Market Size and Forecast, By Type
- 11.5.7.2 Market Size and Forecast, By Carotenoids Source
- 11.5.7.3. Market Size and Forecast, By Livestock
- 11.5.8. Malaysia
- 11.5.8.1. Market Size and Forecast, By Type
- 11.5.8.2 Market Size and Forecast, By Carotenoids Source
- 11.5.8.3. Market Size and Forecast, By Livestock
- 11.5.9. Rest of Asia
- 11.5.9.1. Market Size and Forecast, By Type
- 11.5.9.2 Market Size and Forecast, By Carotenoids Source
- 11.5.9.3. Market Size and Forecast, By Livestock
- 12 Latin America Feed Pigments Market Analysis and Forecast (2023-2030)
- 12.1 Introduction
- 12.2 Latin America Feed Pigments Market Share Analysis, By Type
- 12.3 Latin America Feed Pigments Market Size and Forecast, By Carotenoids Source
- 12.4 Latin America Feed Pigments Market Size and Forecast, By Livestock
- 12.5 Latin America Feed Pigments Market Size and Forecast, By Country
- 12.5.1 Brazil
- 12.5.1.1. Market Size and Forecast, By Type
- 12.5.1.2 Market Size and Forecast, By Carotenoids Source
- 12.5.1.3. Market Size and Forecast, By Livestock
- 12.5.2 Argentina
- 12.5.2.1. Market Size and Forecast, By Type
- 12.5.2.2 Market Size and Forecast, By Carotenoids Source
- 12.5.2.3. Market Size and Forecast, By Livestock
- 12.5.3. Colombia
- 12.5.3.1. Market Size and Forecast, By Type
- 12.5.3.2 Market Size and Forecast, By Carotenoids Source
- 12.5.3.3. Market Size and Forecast, By Livestock
- 12.5.4. Peru
- 12.5.4.1. Market Size and Forecast, By Type
- 12.5.4.2 Market Size and Forecast, By Carotenoids Source
- 12.5.4.3. Market Size and Forecast, By Livestock
- 12.5.5. Chile
- 12.5.5.1. Market Size and Forecast, By Type
- 12.5.5.2 Market Size and Forecast, By Carotenoids Source
- 12.5.5.3. Market Size and Forecast, By Livestock
- 12.5.6. Venezuela
- 12.5.6.1. Market Size and Forecast, By Type
- 12.5.6.2 Market Size and Forecast, By Carotenoids Source
- 12.5.6.3. Market Size and Forecast, By Livestock
- 12.5.7. rest of Latin America
- 12.5.7.1. Market Size and Forecast, By Type
- 12.5.7.2 Market Size and Forecast, By Carotenoids Source
- 12.5.7.3. Market Size and Forecast, By Livestock
- 13 Middle East Feed Pigments Market Analysis and Forecast (2023-2030)
- 13.1 Introduction
- 13.2 Middle East Feed Pigments Market Share Analysis, By Type
- 13.3 Middle East Feed Pigments Market Size and Forecast, By Carotenoids Source
- 13.4 Middle East Feed Pigments Market Size and Forecast, By Livestock
- 13.5 Middle East Feed Pigments Market Size and Forecast, By Country
- 13.5.1. Saudi Arabia
- 13.5.1.1. Market Size and Forecast, By Type
- 13.5.1.2 Market Size and Forecast, By Carotenoids Source
- 13.5.1.3. Market Size and Forecast, By Livestock
- 13.5.2 UAE
- 13.5.2.1. Market Size and Forecast, By Type
- 13.5.2.2 Market Size and Forecast, By Carotenoids Source
- 13.5.2.3. Market Size and Forecast, By Livestock
- 13.5.3 Egypt
- 13.5.3.1. Market Size and Forecast, By Type
- 13.5.3.2 Market Size and Forecast, By Carotenoids Source
- 13.5.3.3. Market Size and Forecast, By Livestock
- 13.5.4 Kuwait
- 13.5.4.1. Market Size and Forecast, By Type
- 13.5.4.2 Market Size and Forecast, By Carotenoids Source
- 13.5.4.3. Market Size and Forecast, By Livestock
- 13.5.5 South Africa
- 13.5.5.1 Market Size and Forecast, By Type
- 13.5.5.2 Market Size and Forecast, By Carotenoids Source
- 13.5.5.3 Market Size and Forecast, By Livestock
- 13.5.6 Rest of Middle East & Africa
- 13.5.6.1 Market Size and Forecast, By Type
- 13.5.6.2 Market Size and Forecast, By Carotenoids Source
- 13.5.6.3 Market Size and Forecast, By Livestock
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 BASF SE
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2. Sun Chemical
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Merck KGaA
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 ALTANA divisions
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Clariant AG
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 LANXESS
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Venator Materials PLC
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 GEOTECH
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Koel Colours Pvt. Ltd.
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Yipin Pigments
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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