Press release
Feed Carotenoids Market Increasing Demand, Growth Analysis and Future Outlook by 2031/ BASF SE, Kemin Industries, DSM Animal Nutrition, Novus International Inc, Biochem Products B.V.
Feed carotenoids market is anticipated to grow at a considerable CAGR of 3.6% during the forecast period. The shift from animal ownership to animal parenting has been a very crucial and defining trend in the pet food market, more so in developed countries. According to the National Pet Owners Survey performed by the American Pet Products Association (APPA), more than 85 million households in the US had one or more pets, the majority of which were dogs. Additionally, the animal humanization trend has led to increased health consciousness and has generated demand for feed carotenoids.Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in February 2021, Nutrex invested in a new tailor-made production facility in Olen for the up-gradation of R&D and production facilities. This investment will enable to development and produce new products, and further expand production capacity. The new plant will be constructed using the most cutting-edge manufacturing techniques, allowing it to combine high capacity with maximum flexibility in both large and small production runs. Additionally, Nutrex can combine all of its strategic functions in one location, including sales management, product research and innovation, and marketing.
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Market Coverage
The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Type
By Animal Types
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- BASF SE, Kemin Industries, DSM Animal Nutrition, Novus International Inc, Biochem Products B.V.
Feed Carotenoids Market Report by Segment
By Type
Beta-Carotene
Lycopene
Lutein
Astaxanthin
Canthaxanthin
By Animal Type
Ruminant
Poultry
Swine
Aquaculture
Other Animal Types
A full Report of Feed Carotenoids Market is Available @ https://www.omrglobal.com/industry-reports/feed-carotenoids-market
Feed Carotenoids Market Report by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East & Africa
Company Profiles
Allied Biotech Corporation
Avivagen
BASF SE
Biochem Products B.V
Biochem Products B.V.
Hansen Holding A/S
Cyanotech Corp
Divi's Laboratories Ltd
Fuji Chemical Industry Co Ltd.
Impextraco
Innovad SA
Kemin Industries
Koninklijke DSM N.V.
Lycored Ltd
Novus International Inc
Novus International Inc.
Nutrex NV
Synthite Industries Ltd.
Thoroughbred Remedies Manufacturing
Vitafor Belgium
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
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