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Feed Pigment Market, Current Trends, Sales, Shares And New Opportunities Report 2023 - 2032
Feed Pigment Global Market
The Business Research Company's Feed Pigment Global Market Report 2023 identifies Rising meat consumption as the major driver for the Feed Pigment market's growth in the forecast period. Meat consumption refers to the amount of meat that is consumed by individuals or populations. Feed pigments are added to animal feed to enhance the color of meat, poultry, and seafood, which makes them more visually appealing to consumers.
The global feed pigment market size is expected to grow from $1.51 billion in 2022 to $1.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The feed pigment market size is expected to reach $2.09 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the Feed Pigment market are BASF SE, Behn Meyer Group, D.D. Williamson & Co. Inc. (DDW), Guangzhou Leader Bio-Technology Co. Ltd., Kemin Industries Inc., Novus International Inc.
A key trend in the Feed Pigment market includes Product innovations. Major companies operating in the market for feed pigment are creating innovative feed pigments such as natural feed-grade astaxanthin to sustain their position in the market.
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The Feed Pigment market is segmented -
1) By Product: Carotenoids, Curcumin, Caramel, Spirulina, Other Products
2) By Source: Natural, Synthetic
3) By Livestock: Swine, Poultry, Ruminants, Aquatic Animals, Other Livestock
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Feed Pigment market.
The Business Research Company's "Global Feed Pigment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Feed Pigment Market Include:
1. Executive Summary
2. Feed Pigment Market Characteristics
3. Feed Pigment Market Trends And Strategies
4. Feed Pigment Market - Macro Economic Scenario
5. Feed Pigment Market Size And Growth
……
27. Feed Pigment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Feed Pigment Market
29. Feed Pigment Market Future Outlook And Potential Analysis
30. Appendix
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