Press release
Feed Pigment: A Leading Driver Behind Surge In Meat Consumption To Drive Market Growth Market Expansion in 2025
Feed Pigment Market
What Will the Feed Pigment Industry Market Size Be by 2025?
Over the recent past, the feed pigment market has seen a robust growth. The market, which was valued at $1.73 billion in 2024, is anticipated to expand to $1.85 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.9%. The significant growth during the historical period is credited to factors such as the upsurge in consumer requirement for poultry and meat products, health and aesthetic merits, regulatory backing for feed additives, concentration on animal well-being, preference for natural pigments, and nutritional needs in pet food.
What's the Long-Term Growth Forecast for the Feed Pigment Market Size Through 2029?
Speculation points to a significant increase in the feed pigment market, with it expected to expand to $2.43 billion by 2029, representing a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this projected growth include the demand for specialty and functional feeds, sustainable approaches to pigment sourcing, governmental drives towards animal nutrition, the expansion of the poultry industry, and increased financial input in the feed industry. Trends to look out for during this period are advancements in the technology used for pigment production, innovative pigment sources, emphasis on egg yolk coloration, emanating customized pigment blends, and the antioxidant features.
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What Are the Key Growth Drivers Fueling the Feed Pigment Market Expansion?
The anticipated increase in meat consumption is projected to fuel the expansion of the feed pigment market. The term "meat consumption" pertains to the volume of meat eaten per individual or within certain populations. Feed pigments are incorporated into animal feed to augment the coloration of meat, poultry, and seafood to make them more aesthetically appealing to consumers. For example, as per the data from US-based Carlisle Technology, a firm that offers hardware and software solutions for the food industry, the consumption of chicken, currently at 98.90 pounds per person, is expected to surge to 107.50 pounds by 2033. This upliftment is boosted by the pocket-friendliness and health benefits of chicken. In 2022, Americans consumed 98.90 pounds of broiler chicken per person, and this amount is predicted to markedly ascend by 2033. Consequently, the growth of the feed pigment market is propelled by increased meat consumption.
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What Are the Key Trends Driving Feed Pigment Market Growth?
Leading companies in the feed pigment market are prioritizing innovative technologies like carbon capture tech. This kind of technology centers around capturing and storing carbon dioxide emissions from sources like industrial factories in a bid to mitigate their environmental footprint and combat climate change. One notable example of this is the launch of carotenoid single-cell proteins by a U.S. biotech company, NovoNutrients, in March 2023. These high-quality protein sources are derived from microorganisms capable of synthesizing carotenoids, pigments responsible for the vivid colors in numerous plants and certain animals. Their production process encompasses fermentation processes using carbon dioxide, hydrogen, and specific microbes, thereby offering a sustainable alternative to more traditional protein sources. Carotenoid SCPs not only supply crucial amino acids and nutrients for animal feed but also boost the nutritional quality of the feed by carrying the benefits of carotenoids. These benefits are known to enhance health and coloration in various aquaculture species.
How Is the Feed Pigment Market Segmented?
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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Which Companies Are Leading the Charge in Feed Pigment Market Innovation?
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
Which Regions Are Leading the Global Feed Pigment Market in Revenue?
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
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