Feed Pigment Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented by Type (Carotenoids, Curcumin, Caramel, Spirulina, Others), By Carotenoids Source (Natural Feed Pigment, Synthetic Feed Pigment), By Livestock (Swine, Poultry, Ruminants, Aquatic Animals, Others), By Region, and Competition 2018-2028

  • Industry : Agriculture
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  • Published Date : NA
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Summary

Report Description

Global Feed Pigment Market is anticipated to expand significantly through 2028 due to the growing meat consumption for nutrition and adoption of goods by the prevailing food and beverage industries. The market for feed pigment is growing quickly and becoming more popular than ever before due to the rising demands for meat and milk-based products including eggs and fish. The kind and quantity of bacteria that are found in an animal's stomach, the structure of its intestinal wall, and the activity of its immune system all have a direct bearing on the animal's performance and feed efficiency. All countries and animal species have seen a growth in livestock production to suit the demand of the population's changing dietary choices, particularly in developing markets. Incorporation of pigments not only imparts color to the feed, but also enhances the nutritional properties of animal feed. The animals' immune, reproductive, and metabolic systems are all strengthened by using feed pigments, which has many other advantages. Feed pigments are either natural or manmade substances that give foods color to enhance its appearance. Since feed pigment produces more vibrant colors than synthetic dyes, it is employed as a coloring additive for animal food items and cattle feed leading to the rapid growth of Global Feed-Pigment Market. To produce safe, high-quality goods with an animal origin and to ensure the health and wellbeing of animals, good animal feeding is essential. The intensification of livestock production, largely based on the use of industrial compound feed, is a result of the rising demand for proteins of animal origin. This has resulted in a rise in the use of specific feed grains and fodder seeds, herbicides, fertilizers, as well as novel and unconventional materials like by-products of the biofuel industry and other agro-industrial byproducts in the manufacturing of feed augmenting the growth of Global Feed Pigment Market. Many contamination incidents over the past several years have brought to light the significance of assuring feed safety as well as the necessity of preventing and controlling the presence of both old and new risks, such as dioxin, aflatoxins, and other unwanted compounds thereby booming the Global Feed Pigment Market. According to the Food and Agriculture Organization of the United Nations, livestock sustain about 1.3 billion people's livelihoods, as well as their ability to eat and be well nourished. Livestock contributes 40% of the value of the world's agricultural output.

Increasing awareness regarding food safety

Feed Pigment Market extensively expands due to the increasing awareness for food safety and health issues associated with poor animal feed. The market for feed pigment is being driven by escalating worries about food security. The expansion of the feed pigment market is being helped by the government's expanding initiatives in the fields of poultry, dairy, fisheries, and animal husbandry. In addition, the easy availability and affordability of the wide range of feed pigments is booming the market Citranaxanthin, widely used in feed pigment industries. It is used as an animal feed additive to divulge yellow coloration to egg yolks and chicken fat. Global Feed Pigment Market is growing through an increase in R&D initiatives and innovations designed to improve quality and yielding outcomes. Easy and mass availability of Carotenoids, Curcumin, Caramel, Spirulina, and others feed pigments augments the growth of the market. While quickly spreading animal diseases endangering the food supply and economy of a country or region. The health of human populations is urgently threatened by zoonotic and foodborne infections. On the other hand, animal populations can serve as sentinels, and ongoing surveillance can halt the emergence and/or rapid spread of viruses that could be harmful to humans. Also, rising training programs for creating awareness about the advantage of using feed pigments is driving the Feed Pigment Market. In addition, the easy availability and affordability of the wide range of feed pigments is booming the market. According to the Global Report on Food Crisis 2022 Mid-year Update, up to 205 million people in 45 countries are anticipated to experience severe food insecurity and require immediate assistance.

Rising consumption for meat and other animal-based food products.

One of the most significant elements in the sensory evaluation of foods that influences consumer choices is color. Golden yolks are preferred in many nations as the color has historically been linked to excellent health. Additionally, the color of pasta, baked goods, and sauces can be impacted by the usage of eggs in recipes. Additionally, even though consumer preference for broiler skin color varies by culture and region, golden skin tone is typically associated with good health here as well and hence, growing the Global Feed-Pigment Market. The largest increase in meat consumption will occur in developing nations. Although the populations of developing countries are growing more quickly than those of developed countries, they have lower starting points, so any additional consumption will be relatively modest, leading to a boom in the Global Feed Pigment Market. Also, due to the massive increase in the meat consumption is propelling the people engaged in livestock and animal husbandry to enhance the feed quality by inculcating feed pigments for better appearance as well as developing the nutritional content. Adding feed pigments has beneficial properties such as improved organ development and mass quality and quantity hence, supporting the global demand for quality animal-based food which is, thereby, augmenting the growth of Global Feed-Pigment Market. Due to factors like the growing world population and changing sociodemographic, there will be an increased demand for producing more food that is more diverse in turn propelling the growth of Global Feed-Pigment Market. According to U.S. Department of Agriculture, in the United States, there were 68.1 pounds of chicken available per person in 2021 (on a boneless, edible basis), as opposed to 56.2 pounds of beef.

Recent Developments

  • In February 2020, The Kazakhstan Sustainable Livestock Development Program was approved and has elevated environmental goals to create a sustainable beef industry and help the country's economy diversify away from its reliance on oil and mineral resources. The programmes seek to boost beef output while reducing GHG emissions completely.
  • In February 2022, from an average of 150 million USD in yearly financing commitments at the beginning of the decade to roughly 700 million USD in new lending per year in the previous three years, requests for World Bank assistance for surging livestock operations . South Asia, Central Asia, and Africa have seen most of the growth. Livestock investments made by the World Bank are currently operational and worth 1900 million USD.
  • In Feb-2023, Texas A&M College of Agriculture and Life Sciences Department of Animal Science receives 5 million USD from US Department of Agriculture–Agriculture and Food Research Initiative grant and discovered that there is no need of incorporating nitrite to cure meat.
  • In June 2020, Elanco announces its acquisition of Animal Health (a division of Bayer HealthCare) for 7600 million USD for expanding its business in pets and livestock medicines.


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Market Segmentation

Global Feed Pigment Market is segmented based on Type, Carotenoids Source, Livestock, and region. Based on the Type, the market is fragmented into Carotenoids, Curcumin, Caramel, Spirulina, and others. Based on the Carotenoids Source, the market is fragmented into Natural Feed Pigment and Synthetic Feed Pigment. Based on Livestock, the market is fragmented into swine, poultry, ruminants, aquatic animals, and Others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa,.

Market Players

BASF SE, Novus International, Inc., Bio-Technology Co., Ltd., Cargill Incorporated, Guangzhou Leader Bio-Technology Co., Ltd., D. Williamson & Co., Inc., Innovad AD NV/SA, Kalsec Inc., Kemin Industries, Inc., Nutreco Holdings, Nutrex NV, Royal DSM NV, PHW Group, Vitafor NV are some of the key players of Global Feed Pigment Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Type

Carotenoids Source

Livestock

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China, India, South Korea, Japan, Thailand, Brazil, Argentina, South Africa, Saudi Arabia, UAE

Key companies profiled

BASF SE, Novus International, Inc., Bio-Technology Co., Ltd., Cargill Incorporated, Guangzhou Leader Bio-Technology Co., Ltd., D. Williamson & Co., Inc., Innovad AD NV/SA, Kalsec Inc., Kemin Industries, Inc., Nutreco Holdings, Nutrex NV, Royal DSM NV, PHW Group, Vitafor NV

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Global Feed Pigment Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Feed Pigment Market, By Type:
    • Carotenoids
    • Curcumin
    • Caramel
    • Spirulina
    • Others
  • Feed Pigment Market, By Carotenoids Source:
    • Natural Feed Pigment
    • Synthetic Feed Pigment
  • Feed Pigment Market, By Livestock:
    • Swine
    • Poultry
    • Ruminants
    • Aquatic animals
    • Others
  • Feed Pigment Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Thailand
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in Global Feed Pigment Market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Feed Pigment market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Types

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Feed Pigment Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Type (Carotenoids, Curcumin, Caramel, Spirulina and others)

5.2.2.     By Carotenoids Source (Natural Feed Pigment and Synthetic Feed Pigment)

5.2.3.     By Livestock (swine, poultry, ruminants, aquatic animals and Others)

5.2.4.     By Region (North America, Europe, Asia Pacific, South America, Middle East &            Africa)

5.2.5.     By Company (2022)

5.3.  Market Map

5.3.1.     By Type

5.3.2.     By Carotenoids Source

5.3.3.     By Livestock

5.3.4.     By Region

6.    North America Feed Pigment Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type

6.2.2.     By Carotenoids Source

6.2.3.     By Livestock

6.2.4.     By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.     United States Feed Pigment Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Value

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Type

6.4.1.2.2.             By Carotenoids Source

6.4.1.2.3.             By Livestock

6.4.2.     Mexico Feed Pigment Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Value

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Type

6.4.2.2.2.             By Carotenoids Source

6.4.2.2.3.             By Livestock

6.4.3.     Canada Feed Pigment Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Value

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Type

6.4.3.2.2.             By Carotenoids Source

6.4.3.2.3.             By Livestock

7.    Europe Feed Pigment Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Carotenoids Source

7.2.3.     By Livestock

7.2.4.     By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.     France Feed Pigment Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Type

7.4.1.2.2.             By Carotenoids Source

7.4.1.2.3.             By Livestock

7.4.2.     Germany Feed Pigment Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Type

7.4.2.2.2.             By Carotenoids Source

7.4.2.2.3.             By Livestock

7.4.3.     United Kingdom Feed Pigment Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Type

7.4.3.2.2.             By Carotenoids Source

7.4.3.2.3.             By Livestock

7.4.4.     Spain Feed Pigment Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.             By Type

7.4.4.2.2.             By Carotenoids Source

7.4.4.2.3.             By Livestock

7.4.5.     Italy Feed Pigment Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Value

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.             By Type

7.4.5.2.2.             By Carotenoids Source

7.4.5.2.3.             By Livestock

8.    Asia-Pacific Feed Pigment Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Carotenoids Source

8.2.3.     By Livestock

8.2.4.     By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.     China Feed Pigment Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Type

8.4.1.2.2.             By Carotenoids Source

8.4.1.2.3.             By Livestock

8.4.2.     India Feed Pigment Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Type

8.4.2.2.2.             By Carotenoids Source

8.4.2.2.3.             By Livestock

8.4.3.     South Korea Feed Pigment Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Type

8.4.3.2.2.             By Carotenoids Source

8.4.3.2.3.             By Livestock

8.4.4.     Japan Feed Pigment Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Type

8.4.4.2.2.             By Carotenoids Source

8.4.4.2.3.             By Livestock

8.4.5.     Australia Feed Pigment Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Type

8.4.5.2.2.             By Carotenoids Source

8.4.5.2.3.             By Livestock

9.    South America Feed Pigment Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Carotenoids Source

9.2.3.     By Livestock

9.2.4.     By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.     Brazil Feed Pigment Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Type

9.4.1.2.2.             By Carotenoids Source

9.4.1.2.3.             By Livestock

9.4.2.     Argentina Feed Pigment Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Type

9.4.2.2.2.             By Carotenoids Source

9.4.2.2.3.             By Livestock

9.4.3.     Colombia Feed Pigment Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Type

9.4.3.2.2.             By Carotenoids Source

9.4.3.2.3.             By Livestock

10.  Middle East and Africa Feed Pigment Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Carotenoids Source

10.2.3.  By Livestock

10.2.4.  By Country

10.3.              Pricing Analysis

10.4.              MEA: Country Analysis

10.4.1.  South Africa Feed Pigment Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Type

10.4.1.2.2.           By Carotenoids Source

10.4.1.2.3.           By Livestock

10.4.2.  Saudi Arabia Feed Pigment Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Type

10.4.2.2.2.           By Carotenoids Source

10.4.2.2.3.           By Livestock

10.4.3.  UAE Feed Pigment Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Type

10.4.3.2.2.           By Carotenoids Source

10.4.3.2.3.           By Livestock

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

12.1.              Product Launches

12.2.              Merger’s & Acquisitions

12.3.              Technological Advancements

13.  Global Renewable Methanol Market: SWOT Analysis

14.  Porter’s Five Forces Analysis

14.1.              Competition in the Industry

14.2.              Potential of New Entrants

14.3.              Power of Suppliers

14.4.              Power of Customers

14.5.              Threat of Substitute Products

15.  Competitive Landscape

15.1.              Business Overview

15.2.              Product Offerings

15.3.              Recent Developments

15.4.              Financials (In Case of Listed Companies)

15.5.              Key Personnel

15.6.              SWOT Analysis

15.6.1.    BASF SE

15.6.2.    Novus International, Inc.

15.6.3.    Bio-Technology Co., Ltd.

15.6.4.    Cargill Incorporated

15.6.5.    Guangzhou Leader Bio-Technology Co., Ltd.

15.6.6.    D. Williamson & Co., Inc.

15.6.7.    Innovad AD NV/SA

15.6.8.    Kalsec Inc.

15.6.9.    Kemin Industries, Inc.

15.6.10.  Nutreco Holdings

15.6.11.  Nutrex NV

15.6.12.  Royal DSM NV

15.6.13.  PHW Group

15.6.14.   Vitafor NV

16.  Strategic Recommendations

17.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The growing demand from animal-based food and rising awareness are the key factor driving Global Feed Pigment Market.

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BASF SE, Novus International, Inc., Bio-Technology Co., Ltd., Cargill Incorporated, Guangzhou Leader Bio-Technology Co., Ltd., D. Williamson & Co., Inc., Innovad AD NV/SA, Kalsec Inc., Kemin Industries, Inc., Nutreco Holdings, Nutrex NV, Royal DSM NV, PHW Group, Vitafor NV are some of the key players of Global Feed Pigment Market.

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The Asia Pacific region is expected to hold the largest market share due to high demand for animal-based food such as meat, eggs and dairy products.

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Global Feed Pigment Market was analyzed for the historical period of 2018 to 2021. While the base year was 2022, estimation for the year 2023 was calculated and the market growth was further forecast for 2024 to 2028.

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Sakshi Bajaal

Business Consultant
Press Release

Feed Pigment Market to Be Segmented by Increasing Demand from Food and Beverage Industry Through 2028

May, 2023

Rising meat consumption and awareness about food security is expected to drive the Feed Pigment Market in the forecast period 2024-2028.

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