Global Feed Carotenoids Market is expected to exceed US$ 2.75 billion by 2028

Carotenoids in animal feed are what give animal skin its color, so they are very important to animal health. Animals can't make their carotenoids, so they must get all of the carotenoids they need from the food they eat. The growing need for high-quality food products around the world is one of the main things driving the growth of the feed carotenoids market. The market is moving forward because there are more feed supplements available and more people know about the benefits of using natural carotenoids as food coloring. The market is also affected by new, cutting-edge ways to get carotenoids out of plants and by the urgent need to stop animal diseases from spreading. As algae are a rich source of bioactive compounds, carotenoids derived from algae are utilized in a variety of industries, including the food and cosmetics industries. Carotenoids derived from algae, on the other hand, do not yet have competitive prices. The market for feed carotenoids is expected to expand with the passage of time, more investment, and further innovation.

Read the market research report, " Feed Carotenoids Market Segmented By Type (Beta-Carotene, Lycopene, Lutein, Astaxanthin, Canthaxanthin, and Other Types), By Application (Ruminant, Poultry, Swine, Aquaculture, and Other Application Types) & By Region - Forecast and Analysis 2022-2028" by SkyQuest

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The rising demand for high-quality food products is one reason driving the feed carotenoids market. Increases in feed supplement availability and customer knowledge of natural carotenoids' advantages are propelling the industry. Cutting-edge carotenoid extraction technology and the need to prevent animal illness outbreaks also influence the industry. Asia-Pacific, the world's largest aquaculture market, is the top consumer of feed carotenoids. China dominates this market. Future growth is projected in Vietnam, Indonesia, and India. They utilize more modern farming methods and more people eat fish and cattle.
Asian countries' ambition to expand exports drives up feed demand, helping the carotenoids industry grow. Indonesia planned aquaculture plants in hundreds of villages by 2022. Indonesia's aquaculture exports will increase. These improvements will assist the Asia Pacific to dominate the worldwide feed carotenoids market over the analysis period.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

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What does this Report Deliver?
• Market Estimation for 20+ Countries
• Feed Carotenoids Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional, and Country specific Feed Carotenoids Market Trends
• Comprehensive Mapping of Feed Carotenoids Industry Parameters
• Attractive Investment Proposition in the Global Feed Carotenoids Industry
• Competitive Strategies Adopted by Feed Carotenoids Market Key Players
• Drivers, Restraints, Opportunities, Challenges, and the impact on the Feed Carotenoids Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Feed Carotenoids market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities, and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Feed Carotenoids Market Sales
• Parent market analysis
• Product portfolio benchmarking

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SkyQuest has segmented the Global Feed Carotenoids Market based on Type, Application, and Region:
● Global Feed Carotenoids Market by Type (Revenue, USD Billion, 2021 - 2028)
o Beta-Carotene
o Lycopene
o Lutein
o Astaxanthin
o Canthaxanthin
o Other Types
● Global Feed Carotenoids Market by Application (Revenue, USD Billion, 2021 - 2028)
o Ruminant
o Poultry
o Swine
o Aquaculture
o Other Application Types
● Global Feed Carotenoids Market By Region (Revenue, USD Billion, 2021 - 2028)
o North America
▪ US
▪ Canada
o Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Central & South America
▪ Brazil
▪ Rest of CSA
o Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA

Key Players in the Global Feed Carotenoids Market
• BASF SE (Germany)
• Thoroughbred Remedies Manufacturing (TRM) (Ireland)
• DSM Animal Nutrition (Netherlands)
• Kemin Industries (US)
• Synthite Industries Ltd (India)
• Nutrex NV (Belgium)
• VievePharm Animal Nutrition BV (Holland)
• Impextraco (Belgium)
• Allied Biotech Corporation (Taiwan)
• Vitafor (Belgium)
• EW Nutrition GmbH (Germany)
• Avivagen (Canada)
• Innovad Global (Belgium)

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This release was published on openPR.