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How has the feed pigment market grown in recent years?

In the previous years, there’s been robust growth in the feed pigment market size. From the projected growth, we can expect it to rise from a figure of $1.73 billion in 2024 to around $1.85 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. Several factors contribute to this growth during the historic period. They include increasing consumer demand for meat and poultry products, recognition of health and aesthetic advantages, government backing for feed additives, emphasis on animal welfare, preference for natural pigments, and the nutritional needs in pet food.

How is the feed pigment market size expected to evolve during the forecast period?

In the upcoming years, the feed pigment market is predicted to experience substantial growth, reaching a worth of $2.43 billion in 2029 with a compound annual growth rate of 7.2%. The anticipated increase during the forecast period can be linked to the rising demand for specialty and functional feeds, sustainable sourcing of pigments, governmental initiatives promoting animal nutrition, the expansion of the poultry industry, and escalated investments in the feed sector. The forecast period is also expected to witness key trends like technological advancements in pigment production, innovative pigment sources, emphasis on egg yolk coloration, creation of tailored pigment blends, and antioxidant characteristics.

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Which key drivers are propelling the feed pigment market’s growth?

The growth of the feed pigment market is anticipated to be fueled by the increasing meat consumption. When referring to meat consumption, we mean how much meat is eaten by individuals or particular groups of people. Feed pigments, which are added to animal diets to enhance the meat, poultry, and seafood color, make these food products more aesthetically pleasing for buyers. For example, Carlisle Technology, a United States company delivering software and hardware solutions for the food sector, estimated that chicken consumption, presently at 98.90 pounds per individual, is expected to surge to 107.50 pounds by 2033, due to its cost-effectiveness and health virtues. In 2022, the per capita consumption of broiler chicken in the United States was 98.90 pounds, and this number is forecasted to increase considerably by 2033. Thus, the increased meat consumption is contributing to the expansion of the feed pigment market.

What are the market segments in the feed pigment industry?

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 leading companies are shaping the growth of the feed pigment market?

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 key trends are currently impacting the feed pigment market’s development?

Leading businesses in the feed pigment market are directing their resources towards advanced technologies like carbon capture technology. This technology involves techniques to capture and store carbon dioxide emissions from industrial facilities, effectively reducing environmental hazards and acting on climate change. For instance, NovoNutrients, a biotech firm based in the US, unveiled carotenoid single-cell proteins in March 2023. These high-quality protein sources come from microorganisms that produce carotenoids, pigments that provide vibrant colors to several plants and some animals. The proteins are generated using procedures involving carbon dioxide, hydrogen, and particular microbes, offering a more sustainable substitute to traditional protein sources. Aside from providing essential amino acids and nutrients in animal feed, carotenoid SCPs improve the feed’s nutritional content by integrating carotenoids’ benefits, promoting healthier and more vibrant coloration in aquaculture species.

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Which geographic areas are influencing the growth of the feed pigment market?

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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