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Feed Pigment Global Market 2024 - Growth Opportunities, Top Countries, Future Trends, Revenue And Outlook 2033

11-27-2024 04:30 AM CET | Health & Medicine

Press release from: The Business research company

Feed Pigment Global Market

Feed Pigment Global Market

The Business Research Company recently released a comprehensive report on the Global Feed Pigment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The feed pigment market size has grown strongly in recent years. It will grow from $1.62 billion in 2023 to $1.74 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to consumer demand for meat and poultry products, health and aesthetic benefits, regulatory support for feed additives, focus on animal welfare, preference for natural pigments, nutritional requirements in pet food.

The feed pigment market size is expected to see strong growth in the next few years. It will grow to $2.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to demand for specialty and functional feeds, sustainable sourcing of pigments, government initiatives for animal nutrition, expansion of the poultry industry, increasing investments in feed industry. Major trends in the forecast period include technological advancements in pigment production, innovations in pigment sources, focus on egg yolk coloration, development of customized pigment blends, antioxidant properties.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/feed-pigment-global-market-report

Market Drivers and Trends:

Rising meat consumption is expected to propel the growth of the feed pigment market going forward. 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. For instance, in July 2021, according to the United Nations Food and Agricultural Organization (FAO), a specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security, the global meat consumption is expected to increasing by 1.7 % per year through 2022 Therefore, rising meat consumption is driving the growth of the feed pigment market.

Product innovations are a key trend gaining popularity in the feed pigment market. 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. For instance, in July 2021, AstaReal, a Sweden-based company focused on the production of natural astaxanthin, introduced NOVASTA, a natural red pigment and antioxidant that contains carotenoids, proteins, carbohydrates, and essential fatty acids to support overall health and wellness for companion animals, livestock and farmed fish. It is used in dry and wet pet food formats, powder mixes, extruded treats, soft treats, liquid solutions, and other formats.

Key Benefits for Stakeholders:

• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

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Major Key Players of the Market:

BASF SE; Behn Meyer Group; D.D. Williamson & Co. Inc.; Guangzhou Leader Bio-Technology Co. Ltd.; Kemin Industries Inc.; Novus International Inc.; Nutrex NV; Royal DSM NV; Vitafor NV; Sudarshan Chemical Industries Limited; Cargill Incorporated; Kalsec Inc.; Koel Colors Pvt. Ltd.; Clariant AG; Kolortek Co. Ltd; Sandream Impact LLC; Chr. Hansen Holding A/S; Bordas S.A.; DSM Nutritional Products AG; Evonik Industries AG; Synthite Industries Pvt. Ltd.; Guangzhou Yuxin Feed Additive Co. Ltd.; Hebei Shuntian Biotechnology Co. Ltd.; Ferro Corporation; Koninklijke DSM N.V.; Innovad AD NV; Lonza Group AG; PHW Group; Alltech Inc.; The Archer-Daniels-Midland Company

Feed Pigment Market 2024 Key Insights:

• The feed pigment market will grow to $2.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
• Surge In Meat Consumption To Drive Market Growth
• Product Innovations Transforming The Feed Pigment Market
• North America was the largest region in the feed pigment market in 2023

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The Business Research Company
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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