Feed Pigment Market to Grow at 6.9% CAGR, Reaching $2.37 Billion by 2029

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Feed Pigment Market Outlook: How is the Market Expected to Grow by 2025?
The size of the feed pigment market has seen significant growth in past years. It is projected to expand from $1.73 billion in 2024 to $1.82 billion in 2025, boasting a compound annual growth rate (CAGR) of 5.5%. The historical growth can be credited to factors such as the consumer's increasing demand for poultry and meat products, its health and aesthetic advantages, governmental backing for feed additives, attention to animal welfare, preference for organic pigments, and nutritional needs in pet food.

Feed Pigment Market Forecast: What Size Will It Reach By 2029?
In the coming years, a robust escalation is forecasted for the feed pigment market size, with an expected value of $2.37 billion in 2029, increasing at a compound annual growth rate (CAGR) of 6.9%. Several factors contributing to this growth during the projected period include the rising demand for specialty and functional feeds, sustainable sourcing practices for pigments, governmental measures for animal nutrition, growth of the poultry industry, and increased investments in the feed industry. During the forecast period, key trends projected to shape the market are advancements in pigment production technology, innovations related to pigment sources, emphasis on egg yolk coloration, the emergence of customized pigment blends, and exploitation of antioxidant properties.

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Which Key Market Drivers Will Shape Feed Pigment Industry Trends in 2025-2029?
The anticipated increase in meat consumption is predicted to fuel the expansion of the feed pigment market. The term "meat consumption" refers to the quantity of meat ingested by individuals or societies. Feed pigments, added to animal feed, enhance the color of meat, poultry, and seafood, rendering them more attractive to the eye for buyers. For example, Carlisle Technology, a US-based firm providing software and hardware solutions for the food sector, suggested in July 2024 that chicken consumption, currently standing at 98.90 pounds per person, is expected to surge to 107.50 pounds by 2033 due to its affordability and health advantages. In 2022, each American consumed 98.90 pounds of broiler chicken, a figure that is anticipated to increase substantially by 2033. Consequently, the escalating meat consumption is boosting the growth of the feed pigment market.

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What Are the High-Growth Segments in the Feed Pigment Market?
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

Which Global Trends Are Driving Feed Pigment Market Expansion?
Leading companies in the feed pigment market are prioritizing emerging technologies like carbon capture technology. This innovative technology features procedures that catch and store CO2 emissions from industrial plants and other sources to diminish their ecological harm and tackle climate change. For example, NovoNutrients, a biotechnology firm based in the United States, introduced carotenoid single-cell proteins, a premium protein source derived from microorganisms synthesizing carotenoids (the pigment responsible for the vibrant colors in numerous plants and certain animals), in March 2023. These proteins are generated via fermentation processes which utilize carbon dioxide, hydrogen, and specific microbes, offering a more sustainable alternative to traditional protein sources. Aside from providing essential amino acids and nutrients to animal feed, carotenoid SCPs boost the feed's nutritional value by incorporating carotenoids' advantages, which lead to enhanced health and improved coloration in aquaculture species.

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Who Are the Fastest-Growing Companies in the Feed Pigment Industry?
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 Is the Regional Outlook for the Feed Pigment Market by 2029?
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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