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Feed Pigments Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Feed Pigments Market
Feed pigments are added to animal feed to enhance the palatability, colour, form, and increase the commercial values of meat derivatives. Feed pigments also act as anti-oxidants and make the animal healthy by curing various diseases. Feed pigments are classified into natural feed pigments and synthetic feed pigments. The most commonly used feed pigments include carotenoids, caramel, spirulina, and cur cumin.
Market Dynamics: Feed Pigments Market
Increase in the demand for healthy & quality meat, rise in awareness about nutritive food in consumers, upsurge in the disposable income, and rapid industrialization in poultry and pork meat production market are anticipated to fuel the growth of feed pigments market over the forecast period. Moreover, rise in inclination towards strong and healthier livestock for better production, increase in awareness about the feed pigments, and growing prevalence of various animal diseases are expected to boost the feed pigments market over the forecast period. However, high manufacturing cost for the synthetic feed pigments and stringent regulatory guidelines might restrain the growth of feed pigments market over the forecast timeframe.
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Market Scope: Feed Pigments Market
Feed pigments market is segmented on the basis of pigment type, source, and livestock
Based on the pigment type, feed pigments market is segmented into the following:
• Carotenoids
• Lycopene
• Lutein
• Zeaxanthin
• Astaxanthine
• Beta-carotene
• Others
• Caramel
• Curcumin
• Spirulina
• Others
Based on the source, feed pigments market is segmented into the following:
• Natural feed pigments
• Synthetic feed pigments
Based on the livestock, feed pigments market is segmented into the following:
• Poultry
• Swine
• Ruminants
• Aquatic animals
• Equine
• Others
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Market Summary: Feed Pigments Market
Feed pigment market is growing at a significant CAGR due to increase in the use of feed in livestock industry. Majority of market players are focusing on the synthesis of newer feed pigments with novel technologies. Increase in the use of feed pigments by meat production industries for improving the organoleptic properties and health benefits are anticipated to fuel the feed pigment market. Moreover, acquisitions and mergers collaborations, product approvals, and product launchings are the strategies followed by the companies for increasing their revenue in feed pigments market. For instance, in October 2011, Kalsec Inc. inked an agreement with OmniActive Health Technologies for the production, marketing, and distribution of natural zeaxanthin around the globe. In addition, rapid industrialization of poultry and pork meat production expected to upsurge in the revenue of feed pigments market over the forecast timeframe.
Regional Analysis: Feed Pigments Market
Geographically, feed pigments market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America feed pigments marketholds a significant share in global feed pigment market owing to increase in the synthesis of newer feed pigments, high awareness about the animal health and feed pigments usage, and growing demand for healthy meat are anticipated to fuel the feed pigments market. Europe feed pigments market driven by increase in the farming of aquatic animals majorly in Norway, Denmark, and Ireland, rise in the demand for healthy meat, rising awareness about the feed pigments benefits, and high disposable income are expected to create the demand for feed pigments in the region. Asia Pacific feed pigments market exhibiting significant growth, owing to rise in population demanding for healthy meat, increase in the number of meat production industries, and increase in disposable income are the factors drive the feed pigments market in the region. Latin America feed pigments market driven by increase in the farming of aquatic animals in the rregion.
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Market Participants: Feed Pigments Market
Some of the players in feed pigments market are D.D. Williamson & Co., Inc. (DDW) (U.S.), BASF SE (Germany), Kemin Industries, Inc. (U.S.), Royal DSM N. V. (Netherlands), Novus International, Inc.(U.S.), Synthite Industries Ltd (India), Nutrex NV (Belgium), Guangzhou Leader Bio-Technology Co., Ltd (China) to name a few.
Notable Market Developments: Feed Pigments Market
• In July 2017, Parry Neutraceuticals inked an agreement with Synthite industries for the extraction of Phycocyanin, a natural blue feed pigment found in the spirulina
Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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