Global Feed Pigments Market, By Type (Carotenoids, Curcumin, Caramel, Spirulina and Others), Carotenoids Source (Natural and Synthetic), Livestock (Swine, Poultry, Ruminants, Aquatic Animals and Others) – Industry Trends and Forecast to 2029.
Feed Pigments Market Analysis and Size
Feed pigments are used to enhance the colour of products such as eggs, meat, and milk. The key drivers for this market are rising meat production demand, rising disposable incomes, a shift toward pellet feed consumption, and rising consumer awareness of livestock health. Animal disease outbreaks such as African swine fever virus, foot and mouth disease, and mad cow disease have raised consumer awareness of the importance of healthy livestock. This region's feed pigment market is benefiting from such factors.
Data Bridge Market Research analyses that feed pigments market was valued at USD 7.05 billion in 2021 and is expected to reach the value of USD 9.65 billion by 2029, at a CAGR of 4.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Feed Pigments Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Carotenoids, Curcumin, Caramel, Spirulina and Others), Carotenoids Source (Natural and Synthetic), Livestock (Swine, Poultry, Ruminants, Aquatic Animals and Others),
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Market Players Covered
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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), Koel Colours Pvt. Ltd. (India), Yipin Pigments (U.S), NIHON KOKEN KOGYO CO., LTD. (Tokyo), Ferro Corporation (U.S), Dayglo Color Corp (U.S), Elemental SRL (Romania), Kolortek Co., Ltd (China), Sandream Impact LLC (U.S), VIBFAST PIGMENTS PVT. LTD. (India), Miyoshi Kasei, Inc. (Japan), ECKART (U.K), Kobo Dynamic Website (U.S)
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Opportunities
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Market Definition
Pigments are substances that give colour to tissues. They are in charge of the colour of your eyes, skin, and hair. Feed pigments are derived from both natural and synthetic pigments in feed. The colour of the products is determined by natural pigments and food compounds. These additives can change the colour of the product by imparting, deepening, or renewing it. They help to improve the palatability of feed and cure various diseases in animals, making them healthier. Carotenoids, caramel, curcumin, and spirulina are popular feed pigments on the market.
Global Feed Pigments Market Dynamics
Drivers
- Growing meat and animal product sector
The primary drivers driving the growth of the feed pigment industry are rising health consciousness among consumers about the consumption of nutritious food, expanding urbanisation, and rising disposable income. Furthermore, rising demand for healthy and safe livestock, combined with a growing meat sector, are expected to propel the market forward. The animal health benefits of carotenoids, rising meat consumption, modernization of the hog, poultry, and aquaculture industries, and rising pellet feed demand are all expected to drive the global feed pigment market forward.
- Development of novel marketing strategies and advancements
Manufacturers may be able to generate additional revenue by developing novel strategies to increase manufacturing capacity when demand for feed products increases rapidly. Major market participants are researching and developing new feed pigment production procedures, particularly in the United States. Increased awareness of the aquaculture and poultry industries is another major factor expected to drive the target market's growth. Furthermore, feed pigments have a number of health benefits, such as increased palatability and organoleptic advancements, which are expected to drive market expansion in the near future if properly marketed to the target audience.
Opportunity
- Regulatory aspects and rise in consumption of feed pigments
The feed pigments market, regulatory aspects, and rising raw material costs present a growth opportunity. Feed pigments market palatability, organoleptic developments, nutritional benefits, and other health benefits are increasing. Pellet feed consumption will drive the feed pigment market forward.
Restraints
- Price volatility and environmental concerns
Raw material price volatility, global overcapacity, and environmental concerns are all stifling market growth. Furthermore, cheaper substitutes are expected to slow growth during the forecast period. A shift in consumer preference toward pellet feed use is expected to benefit the feed pigment market. High manufacturing and administration costs for synthetic pigment processing are expected to stifle global market growth throughout the forecast period.
This feed pigments 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 on the feed pigments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact Feed Pigments Market
The feed pigments markets were impacted by the COVID-19 pandemic. Even though demand for animal feed was relatively stable, the pandemic had a significant impact on supply. Countries such as Romania, for example, have prohibited export to non-European Union countries, causing severe demand-supply issues in the animal feed industry. China, a major supplier of organic soybean, on the other hand, has disrupted global organic feed producers with the draconian measures it has imposed to combat the COVID-19 pandemic.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In March 2019, Kemin Industries announced the expansion of its manufacturing facility in India to better serve the region's rapidly growing animal protein industry and meet the region's increasing demand for specialised nutritional ingredients.
- In 2019 Organic KEM GLO, a USDA-certified organic carotenoid-based feed pigment that helps organic egg producers intensify the colour of egg yolks, was introduced by Kemin Animal Nutrition and Health.
Global Feed Pigments Market Scope
Feed pigments market is segmented on the basis of type, carotenoids source and livestock. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Carotenoids
- A-carotene lutein
- Lycopene
- Astaxanthin
- Zeaxanthin
- Canthaxanthin and annatto
- Citraxanthin
- Capsanthin
- C-ester
- Fluxoxanthin
- trans-beta-apo-8-carotenal.
- Curcumin
- Caramel
- Spirulina
- Others
Livestock
- Swine
- Poultry
- Ruminants
- Aquatic Animals
- Others
Carotenoids Source
- Synthetic Carotenoids
- Natural Carotenoids
Feed Pigments Market Regional Analysis/Insights
Feed pigments market is analysed and market size insights and trends are provided by country, type, carotenoids source and livestock as referenced above.
The countries covered in the feed pigments market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the global feed pigments market because of the presence of research and development facilities, high awareness about the benefits of feed additives in livestock nutrition, and high acceptance of feed pigments among farmers,
Asia-Pacific region have enormous potential and show significant growth in terms of rising meat consumption, growing awareness about poultry and the aquaculture business sector, consumers' concerns about health and safety, and rising demand for nutritive feeds as well as processed animal products are some of the factors that will support the growth of the global feed pigments market throughout the forecast period.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Pigments Market Share Analysis
Feed pigments 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 pigments Market.
Some of the major players operating in feed pigments market are:
- 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)
- Koel Colours Pvt. Ltd. (India)
- Yipin Pigments (U.S)
- NIHON KOKEN KOGYO CO., LTD. (Tokyo)
- Ferro Corporation (U.S)
- Dayglo Color Corp (U.S)
- Elemental SRL (Romania)
- Kolortek Co., Ltd (China)
- Sandream Impact LLC (U.S)
- VIBFAST PIGMENTS PVT. LTD. (India)
- Miyoshi Kasei, Inc. (Japan)
- ECKART (U.K)
- Kobo Dynamic Website (U.S)
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