Global Ruminant Feed Carotenoids Market, By Type (Beta-Carotene, Lycopene, Lutein, Astaxanthin, Canthaxanthin, Zeaxanthin, Other Types), Formulation (Beadlet, Powder, Oil Suspension, Emulsion), Source (Synthetic Carotenoids, Natural Carotenoids) – Industry Trends and Forecast to 2029.
Ruminant Feed Carotenoids Market Analysis and Size
The use of animal carotenoids has emerged as a critical component of the animal welfare program, which is increasing the adoption rate of animal carotenoids. The widespread adoption of the adage "prevention is better than cure" in the field of animal welfare is increasing the vigour of animal Carotenoids.
Data Bridge Market Research analyses that ruminant feed carotenoids market was valued at USD 4.7 billion in 2021 and is expected to reach the value of USD 8.08 billion by 2029, at a CAGR of 7.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis.
Ruminant Feed Carotenoids 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 (Beta-Carotene, Lycopene, Lutein, Astaxanthin, Canthaxanthin, Zeaxanthin, Other Types), Formulation (Beadlet, Powder, Oil Suspension, Emulsion), Source (Synthetic Carotenoids, Natural Carotenoids)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Dow (U.S.), BASF SE (Germany), Chr. Hansen Holding A/S (Denmark), DSM (Netherlands), DuPont (U.S.), Evonik Industries AG (Germany), NOVUS INTERNATIONAL (U.S.), Associated British Foods plc (U.K.), Charoen Pokphand Foods PCL (Thailand), Cargill, Incorporated (U.S.), Nutreco (Netherlands), ForFarmers. (Netherlands), De Heus Animal Nutrition (Netherlands), Land O'Lakes (U.S.), Kent Nutrition Group (U.S.), J. D. HEISKELL & CO. (U.S.), Perdue Farms (U.S.), SunOpta (Canada), Scratch and Peck Feeds (U.S.), De Heus Animal Nutrition (Netherlands), MEGAMIX (Russia), Agrofeed (Hungary)
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Opportunities
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Market Definition
Carotenoids are organic pigments found in a variety of plants and organisms. These items function as antioxidants, protecting the body from chronic diseases, cellular damage, and the effects of ageing. Increased use of this product in dietary supplements will drive market demand due to rising health concerns.
Ruminant Feed Carotenoids Market Dynamics
Drivers
- Rising concern on animal health and increase in human needs
Animal carotenoids are driving the market due to the growing need to improve animal efficiency, growth rate, and reproducibility in order to meet the ever-increasing human population's needs. Furthermore, rising demand for dairy and meat is driving up the use of animal carotenoids.
- Growing dairy industry and high demand for animal based products
The organic feed industry is rapidly expanding as milk producers begin replacing traditional ruminant feed with more nutritionally balanced organic feed, realising the tangible benefits of nutritional feed in yield improvement. Furthermore, with population growth and rising living standards, the livestock industry has been forced to adapt and expand to meet society's expectations by providing nutritious animal feed to livestock animals. As a result, this factor benefits the growth of the Ruminant Feed Carotenoids market.
Opportunity
The increased emphasis on precision nutrition may provide an opportunity to accelerate market growth. Ruminant feed carotenoids market growth may be boosted by investments and funds made by government authorities and organisations in the agriculture sector.
Restraints
Veterinarians and farmers are collaborating to develop health management programmes to raise awareness about disease prevention before it develops and spreads. Furthermore, the conversion of non-vegetarians to vegetarians is having an impact on the growth of the animal Carotenoids market.
This ruminant 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 on the ruminant 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.
COVID-19 Impact Ruminant Feed Carotenoids Market
Aside from their antimicrobial properties, carotenoids in feed are used as a growth promoter and performance enhancer. As a result of COVID-19, global consumption of meat and other animal products is on the decline, while consumer preference for plant-based foods is rapidly increasing. Furthermore, animal products free of synthetic compounds are expected to grow during the forecast period. As a result, the preference for animal feed containing chemical ingredients such as carotenoids is expected to decline during the forecast period.
Global Ruminant Feed Carotenoids Market Scope
Ruminant feed carotenoids market is segmented on the basis of source, formulation and type. 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
- Beta-Carotene
- Lycopene
- Lutein
- Astaxanthin
- Canthaxanthin
- Zeaxanthin
- Other Types
Formulation
- Beadlet
- Powder
- Oil Suspension
- Emulsion
Source
- Synthetic Carotenoids
- Natural Carotenoids
Ruminant Feed Carotenoids Market Regional Analysis/Insights
Ruminant feed carotenoids market is analysed and market size insights and trends are provided by country, end user, animal type and type as referenced above.
The countries covered in the ruminant feed carotenoids Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is widely recognized as the dominant region in terms of ruminant feed carotenoids market share. Dairy products have gained traction in Asian countries as a result of increased demand from vegan consumers. Some key macroeconomic factors, such as an increase in social media usage and an increase in per-capita income, also contribute significantly to the overall growth of the ruminant feed carotenoids market.
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 Ruminant Feed Carotenoids Market Share Analysis
Ruminant 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 ruminant feed carotenoids market.
Some of the major players operating in ruminant feed carotenoids market are:
- Cargill, Incorporated (U.S)
- Dow (U.S.)
- BASF SE (Germany)
- Chr. Hansen Holding A/S (Denmark)
- DSM (Netherlands)
- DuPont (U.S.)
- Evonik Industries AG (Germany)
- NOVUS INTERNATIONAL (U.S.)
- Associated British Foods plc (U.K.)
- Charoen Pokphand Foods PCL (Thailand)
- Nutreco (Netherlands)
- ForFarmers. (Netherlands)
- De Heus Animal Nutrition (Netherlands)
- Land O'Lakes (U.S.)
- Kent Nutrition Group (U.S.)
- J. D. HEISKELL & CO. (U.S.)
- Perdue Farms (U.S.)
- SunOpta (Canada)
- Scratch Peck Feeds (U.S.)
- De Heus Animal Nutrition (Netherlands)
- MEGAMIX (Russia)
- Agrofeed (Hungary)
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