The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising meat consumption is likely to boost feed pigment manufacturing innovation, propelling the market during the forecast period.

The global feed pigment market is expected to grow from $1.51 billion in 2022 to $1.62 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The feed pigment market size is expected to reach $2.09 billion in 2027 at a CAGR of 6.6%.

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Global Feed Pigment Market Segments Include:

• By Product: Carotenoids, Curcumin, Caramel, Spirulina, Other Products
• By Source: Natural, Synthetic
• By Livestock: Swine, Poultry, Ruminants, Aquatic Animals, Other Livestock
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global feed pigment market in 2021.

Major Market Players in the feed pigment market include BASF SE, Behn Meyer Group, D.D. Williamson & Co. Inc. (DDW), Guangzhou Leader Bio-Technology Co. Ltd., Kemin Industries Inc., Novus International Inc., Nutrex NV, Royal DSM NV.

Product developments are a prevalent trend in the feed pigment market. To maintain their market position, major feed pigment businesses are developing revolutionary feed pigments such as natural feed-grade astaxanthin. For example, AstaReal, a Swedish company focused on the production of natural astaxanthin, introduced NOVASTA in July 2021, a natural red pigment and antioxidant containing carotenoids, proteins, carbohydrates, and essential fatty acids to support overall health and wellness in companion animals, livestock, and farmed fish. It’s utilised in dry and wet pet food, powder mixes, extruded treats, soft treats, liquid solutions, and a variety of other applications.

The Feed Pigment Global Market Report 2023  provides a feed pigment market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The feed pigment market forecast analyzes feed pigment market size, feed pigment market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Natural or synthetic colours added to animal feed to improve the visual attractiveness of animal-derived goods such as meat, eggs, and milk are referred to as feed pigments. It is used to improve the look and nutritional content of animal feed.

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