Feed Pigments Market Key Players, End User, Demand and Analysis Growth Trends by 2032 | CAGR of 3.50%

Feed Pigments Market size was valued at USD 1071.28 Million in 2020 and is projected to reach USD 1407.95 Million by 2028, growing at a CAGR of 3.50% from 2021 to 2028.

The increased demand for lean meat, rising consumer awareness of the importance of eating nutritious foods, rising urbanisation, and rising disposable income are the main drivers propelling the growth of the market. The market is comprehensively evaluated in the study on the global market. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

Pigments are chemicals that give tissues pigment. They are in charge of determining the hue of one's skin, hair, and eyes. Pigments for feed are made from both synthetic and natural pigments in the feed. Food additives and natural pigments are in charge of giving the items their colour. These additives have the ability to impart, intensify, or refresh the product's colour. They help make animal feed more palatable and treat a number of ailments to improve the health of the animals. Most commonly found in the market are the feed pigments carotenoids, caramel, curcumin, and spirulina.

Carotenoids have the most significant role and dominate the market for feed pigments out of all the feed pigments. Animals must obtain their carotenoids from their diet because they are unable to synthesis them. The generation of white blood cells, which determine the general immune condition, is stimulated by carotenoids, which also have very significant nutritional benefits. They have a reputation for acting as antioxidants that help treat allergies, immunological problems, eye illnesses, skin conditions, and, to some extent, any cardiovascular conditions that may be present in animals.

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Market Segmentations:
Global Feed Pigments Market: By Key Players
Nutreco
Cargill
Bio-Technology
D. Williamson
Royal DSM
BASF SE
Kemin
Novus
Kalsec
Vitafor
PHW
Behn Meyer
Guangzhou Leader Bio-Technology

Global Feed Pigments Market: Regional Analysis
The countries covered in the regional analysis of the Global Feed Pigments market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, 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), and Argentina, Brazil, and Rest of South America as part of South America.
Global Feed Pigments Market: By Types
Carotenoids
Curcumin
Caramel
Spirulina & Others

Global Feed Pigments Market: By Applications
Swine
Cattle
Poultry
Aquatic Animals & Others

Market Dynamics:

• The rapid growth of the economy in developing regions, rising disposable income, interest in intake of healthier meat and use of meat as a staple food in developed countries are driving the growth of the feed pigment market.
• At present, feed is the most important factor in ensuring the sustainable production of quality and affordable animal proteins, which guarantees the large consumption of meat every year.
• The pressure of increasing meat production along with the demand for healthy meat consumption is expected to be the most important driving factor for the feed pigment market.
• Moreover, the growing demand for intake of healthy meat products with high nutritional value forces livestock firms to adopt new effective feed ingredients, which is also helping the growth of the feed pigments market.

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Market Trends, Restraints, and Opportunities:

• Rapid growth of the poultry industry due to rising demand of meat is the major factor driving the market during the forecast period.
• Lack of awareness among people about health benefits of feeds and high nutritive value act as major challenges that can restrict the market growth during the forecast period.
• Rising awareness of health benefits of carotenoids by animals is expected to boost the market during the forecast period.
• R&D investment and advancement of feed pigments adding high quality nutrients and growing aquaculture industry is anticipated to offer significant opportunities for the market players.
• Increasing preference for pellet feed is expected to fuel the market in coming years.
• High cost of raw materials and strict regulatory aspects is projected to hamper the market growth.

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