Global Feed Carotenoids Market, By Animal Type (Ruminant, Poultry, Swine, Aquaculture, Other Animal Types), Type (Beta-Carotene, Lycopene, Lutein, Astaxanthin, Canthaxanthin, Other Types), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029
Market Analysis and Insights Global Feed Carotenoids Market
The feed carotenoids market is expected to witness market growth at a rate of 6.30% in the forecast period of 2022 to 2029. Data Bridge Market Research report on feed carotenoids market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of agriculture sector globally is escalating the growth of feed carotenoids market.
Feed carotenoids are considered essential for maintaining the health of animals, and are also responsible for the color of animal skin. Animals need to attain their daily nutritional needs from the products ingested as they are not able to synthesize carotenoids.
The increase in demand for high quality food products across the globe acts as one of the major factors driving the growth of feed carotenoids market. The rise in the use of natural carotenoids as food colorants and rise in awareness among the people regarding the availability of various type of feed supplement accelerate the market growth. The introduction of innovative technologies for the extraction of carotenoids and high need to prevent disease outbreaks in livestock further influence the market. Additionally, high demand for enhanced quality of the improved meat quality or egg production, increase in demand for animal-based products and rise in the health consciousness positively affect the feed carotenoids market. Furthermore, increase in demand in the pharmaceutical industry and high demand for naturally sourced carotenoids extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, high production costs and stringent regulatory norms are expected to obstruct the market. The risks associated with high doses of carotenoids and difficulty in meeting the requisite quality standards are projected to challenge the feed carotenoids market in the forecast period of 2022-2029.
This feed carotenoids market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info feed carotenoids market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Feed Carotenoids Market Scope and Market Size
The feed carotenoids market is segmented on the basis of animal type and type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of animal type, the feed carotenoids market is segmented into ruminant, poultry, swine, aquaculture and other animal types.
- On the basis of type, the feed carotenoids market is segmented into beta-carotene, lycopene, lutein, astaxanthin, canthaxanthin and other types.
Feed Carotenoids Market Country Level Analysis
The feed carotenoids market is analyzed and market size, volume information is provided by country, animal type and type as referenced above.
The countries covered in the global feed carotenoids market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the feed carotenoids market because of the strong emphasis on the organized farming practices within the region. Europe is expected to witness high growth during the forecast period of 2022 to 2029 due to the government legislation on permissible limits in the region.
The country section of the feed carotenoids market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Feed Carotenoids Market Share Analysis
The feed carotenoids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to feed carotenoids market.
Some of the major players operating in the feed carotenoids market report are BASF SE, Chr. Hansen Holding A/S, FMC Corporation., Kemin Industries, Inc., Cyanotech Corporation., Allied Biotech Corporation, Doehler Ventures., DDW The Colour House., ExcelVite, Brenntag AG, Divi's Laboratories Limited, Algatech LTD., NIKKEN SOHONSHA CORPORATION, E.I.D. - Parry (India) Limited., NOVUS INTERNATIONAL, PAT Vitamins, Sensient Technologies Corporation, Valensa International and DSM among others.