The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

As per The Business Research Company’s Feed Pigment Global Market Report 2024, the feed pigment market is expected to show significant growth in the forecast period.

 

The feed pigment market has been on a strong growth trajectory in recent years and shows promising potential for continued expansion. This growth is driven by various factors, including rising consumer demand and technological advancements.

 

Current Market Growth

Recent Market Performance (2023-2024)

• Market Size: Increased from $1.62 billion in 2023 to $1.74 billion in 2024.
• Growth Rate: Compound Annual Growth Rate (CAGR) of 7.4%.
• Key Drivers:
  • Rising consumer demand for meat and poultry products.
  • Health and aesthetic benefits of feed pigments.
  • Regulatory support for feed additives.
  • Focus on animal welfare.
  • Preference for natural pigments.
  • Nutritional requirements in pet food.

Future Market Projections (2024-2028)

• Market Size: Expected to grow to $2.23 billion by 2028.
• Growth Rate: CAGR of 6.5%.

 

View More On The Feed Pigment Market Report 2024 – https://www.thebusinessresearchcompany.com/report/feed-pigment-global-market-report

 

• Key Drivers:
  • Increasing demand for specialty and functional feeds.
  • Sustainable sourcing of pigments.
  • Government initiatives supporting animal nutrition.
  • Expansion of the poultry industry.
  • Rising investments in the feed industry.

 

Key Trends Shaping the Market

Technological Advancements

• Innovation: New technologies are enhancing the production and efficiency of feed pigments.
• Impact: Improved quality and functionality of feed pigments.

Pigment Source Innovations

• Development: Innovations in sourcing natural pigments like carotenoids, curcumin, and spirulina.
• Benefit: Offers healthier and more sustainable options for animal feed.

Focus on Egg Yolk Coloration

• Importance: Enhancing egg yolk color for consumer appeal.
• Result: Increased demand for specific pigments like carotenoids.

Customized Pigment Blends

• Trend: Tailored pigment blends to meet specific nutritional and aesthetic needs.
• Advantage: Allows manufacturers to cater to diverse market requirements.

Antioxidant Properties

• Health Benefits: Feed pigments with antioxidant properties promote animal health.
• Popularity: Growing preference for such multifunctional additives.

 

Rising Meat Consumption Driving Growth

Market Influence:

• Meat Consumption: Increasing global meat consumption drives the demand for feed pigments.
• Feed Pigments: Enhance the color and appeal of meat, poultry, and seafood.

Case Study:

• FAO Report (July 2021): Global meat consumption expected to increase by 1.7% per year through 2022, indicating robust demand for feed pigments.

Leading Market Players

Major companies in the feed pigment market include:

• BASF SE
• Behn Meyer Group
• D.D. Williamson & Co. Inc.
• Kemin Industries Inc.
• Novus International Inc.
• Royal DSM NV
• Cargill Incorporated
• Chr. Hansen Holding A/S
• Evonik Industries AG
• Alltech Inc.

 

Product Innovations

Innovative Products:

• AstaReal: Introduced NOVASTA, a natural red pigment and antioxidant for various animal feeds.
• Impact: Supports overall health and wellness of companion animals, livestock, and farmed fish.

 

Strategic Acquisitions:

• EW Nutrition: Acquired Novus International’s feed quality and pigment business to enhance its global market position and expand its product portfolio.

 

Market Segmentation

The feed pigment market can be segmented into:

• By Product: Carotenoids, Curcumin, Caramel, Spirulina, Other Products.
• By Source: Natural, Synthetic.
• By Livestock: Swine, Poultry, Ruminants, Aquatic Animals, Other Livestock.

 

Regional Insights

North America:

• 2023: Largest region in the feed pigment market.

Asia-Pacific:

• Forecast: Expected to be the fastest-growing region during the forecast period, driven by the expansion of the poultry industry and increasing investments in feed production.

The feed pigment market is set for continued growth, driven by rising meat consumption, technological advancements, and increasing demand for natural and sustainable feed solutions. As the industry evolves, major players and new entrants alike will find numerous opportunities to innovate and expand.

 

Request A Sample Of The Global Feed Pigment Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=10242&type=smp

 

The Feed Pigment Global Market Report 2024  provides an in-depth analysis on the feed pigment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the feed pigment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

 

View More Related Reports –
Cattle Feeds Global Market Report 2024
Feed Acidifiers Global Market Report 2024
Feed Premix Global Market Report 2024

 

 

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

 

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

 

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model