Rising meat consumption and awareness about food security is expected to drive the Feed Pigment Market in the forecast period 2024-2028.
According to TechSci Research report, “Feed Pigment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global Feed Pigment Market is anticipated to upsurge at an impressive rate in the forecast period 2024-2028. Over the projected period, rising demand from food supplements industries for producing products such as Vitamin D3, Ground Organs, Protein Powder, Collagen hydrolysate, Vitamin K2, and Omega 3 is rising the Global Feed Pigment Market. The top leading companies are investing more in research and development to support feed pigments, which will enhance their general quality and enable the production of high yields for consumers and end-user industries like food and beverage, textile, pharmaceuticals, cosmetics and personal care, and others.
The market is being boosted by the expansion of the food and beverage industries and the popularity of protein-based meals. With the rapid gentrification, majority of the population is shifting towards healthy diet with low carbohydrate and high protein inculcating with other essential nutrients, thus augmenting the growth of Global Feed-Pigment Market. According to National Library of Medicine, more than 850 naturally occurring species of carotenoids had been reported up until 2018.
However, increasing various government regulatory and high cost of raw material may slow down the market growth. In addition, low awareness about the advantages of Feed Pigments will further hamper the growth of the market.
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Global Feed Pigment Market is segmented based on type, carotenoids source, livestock, and region.
Based on type, the market is categorized as Carotenoids, Curcumin, Caramel, Spirulina, and others. Carotenoids is expected to hold the largest market share in the forecast period, 2024-2028. This is due to its property to improve overall immune system by stimulating white blood cells.
Based on carotenoids source, the market is categorized as Natural Feed Pigment and Synthetic Feed Pigment. The Natural Feed Pigment segment is expected to hold the largest market share in the forecast period, 2024-2028. This is due to their minimal side effects and sustainability.
Based on, Livestock, the market is categorized as swine, poultry, ruminants, aquatic animals, and others. The Poultry segment is expected to hold the largest market share in the forecast period, 2024-2028. This is due to the increasing consumption of meat and eggs and their high fiber content and low cost.
Major companies operating in the global Feed Pigment Market are:
- 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
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“North America is expected to grow at the highest rate during the forecast period due to the high demand for meat and increasing government support regarding enhancement of nutritional value in food. Additionally, increasing demands from food industries and awareness regarding food-safety, inclination of younger population towards healthy diet, rich in protein and other nutrients, acquisition of environment friendly approaches is expected to create lucrative opportunities for the market growth. Furthermore, increasing research and development and incorporation of appropriate innovations and technology create huge prospects of market growth during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Feed Pigment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Carotenoids, Curcumin, Caramel, Spirulina, and others), By Carotenoids Source (Natural Feed Pigment and Synthetic Feed Pigment), By Livestock (swine, poultry, ruminants, aquatic animals and Others), By Region and Competition, has evaluated the future growth potential of Global Feed Pigment Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Feed Pigment Market.”
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