Feed Pigments Market - Industry Trends and Forecast

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.

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https://www.databridgemarketresearch.com/reports/global-feed-pigments-market

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.

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