Press release
Surge In Meat Consumption To Drive Market Growth: An Emerging Driver Transforming The Feed Pigment Market Landscape
Feed Pigment
What Is the Projected Growth of the Feed Pigment Market?
The feed pigment market has also experienced significant growth. It will grow from $1.73 billion in 2024 to $1.85 billion in 2025, at a CAGR of 6.9%. Key factors include consumer demand for meat and poultry products, health and aesthetic benefits, regulatory support for feed additives, emphasis on animal welfare, and preference for natural pigments.
The feed pigment market is forecasted to see strong growth in the next few years. It will reach $2.43 billion in 2029, at a compound annual growth rate (CAGR) of 7.2%. The growth is driven by demand for specialty and functional feeds, sustainable pigment sourcing, government initiatives for animal nutrition, poultry industry expansion, and increased investments in the feed industry. Major trends include advancements in pigment production, innovative pigment sources, egg yolk coloration, customized pigment blends, and antioxidant properties.
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What Are the Different Feed Pigment Market Segments?
The feed pigment market covered in this report 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
Subsegments:
1) By Carotenoids: Beta-Carotene, Lutein, Astaxanthin, Lycopene
2) By Curcumin: Turmeric Extracts, Curcumin Concentrates
3) By Caramel: Class I Caramel, Class II Caramel, Class III Caramel, Class IV Caramel
4) By Spirulina: Spirulina Powder, Spirulina Extracts
5) By Other Products: Beetroot Red, Anthocyanins, Natural Red 40
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What Are the Primary Drivers Shaping the Feed Pigment Market?
The growing consumption of meat is expected to drive the feed pigment market. Feed pigments are added to animal feed to enhance the appearance of meat, poultry, and seafood, making them more attractive to consumers. For example, in July 2024, Carlisle Technology reported that chicken consumption in the U.S. is expected to rise from 98.90 pounds per person in 2022 to 107.50 pounds by 2033, due to its affordability and health benefits. As meat consumption rises, the demand for feed pigments also grows.
Which Companies Are Leading in the Feed Pigment Market?
Major companies operating in the feed pigment market report are 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
What Are the Major Trends Shaping the Feed Pigment Market?
Leading companies in the feed pigment market are adopting advanced technologies such as carbon capture to enhance sustainability. Carbon capture involves storing CO2 emissions from industrial sources to mitigate climate change. For example, in March 2023, US-based NovoNutrients introduced carotenoid single-cell proteins, a premium animal feed derived from microorganisms that produce carotenoids. These proteins are created through fermentation using CO2, hydrogen, and microbes, offering a sustainable and nutrient-rich protein source that supports better coloration and health in aquaculture species.
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What Are the Top Revenue-Generating Geographies in the Feed Pigment Market?
North America was the largest region in the feed pigment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global feed pigment market during the forecast period. The regions covered in the feed pigment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Feed Pigment Market?
2. What is the CAGR expected in the Feed Pigment Market?
3. What Are the Key Innovations Transforming the Feed Pigment Industry?
4. Which Region Is Leading the Feed Pigment Market?
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