Global Feed Pigments Market - Growth, Trends and Forecasts (2019 - 2024)

The global animal feed Pigments market is segmented by Type (Carotenoids, Curcumin, Caramel, Spirulina, and others) by Animals (Ruminant, Poultry, Swine, Aquaculture, and Others) and by Geography (North America, Europe, Asia-Pacific, South America, and Middle-East & South Africa).

Market Snapshot

feed pigments market
Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia

Largest Market:

Europe

Key Players:

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Feed Pigments Market

The global feed antibiotics market (henceforth, referred to as the market studied) was valued at USD 1.0 billion in 2018, and it is expected to register a CAGR of 2.93% during the forecast period (2019-2024). Asia-Pacific is projected to be the fastest-growing market.

  • Feed pigments are used to improve the color of the products including egg, meat, and milk. The growing demand for the animal protein and quality meat products are the major drivers of feed pigment markets. 

Scope of the Report

Feed additives are used to enhance the color of meat and yolk of the egg. They are majorly used in the poultry and aquaculture. The increasing demand for red meat, have led the meat processing industries to use pigments to enhance the color of the raw and processed meat. 

Type
Carotenoids
Alpha-Carotene
Beta-Carotene
Lycopene
Lutein
Zeaxanthin
Astaxanthin
Canthaxanthin
Others
Others
Animal
Ruminant
Poultry
Swine
Aquaculture
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & South Africa
UAE
Saudi Arabia
Rest of Middle -East & South Africa

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Key Market Trends

Increasing Meat Consumption

Feed pigments in livestock are used to improve the color of the products obtained from the animals including eggs, milk, and meat. Increasing meat consumption is the major driving factor for the feed pigments market. According to the Organisation for Economic Co-ordination and Development, meat consumption has raised from 114 million metric tons in 2017 to 116 million metric tons in 2018. Poultry meat is the most consumed by humans with per capita consumption of 30.6 kilograms per year, followed by pork with per capita consumption of 23.5 kilograms per year and beef and veal with per capita consumption of 14.8 kilograms per year.  

 

feed pigments market

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North America - The Largest Geographic Market

The United States is the largest feed pigment market with a market share of 19.23%,  with a value of USD 197.4 million in 2018 followed by China. Despite the United States, North America is projected to have growth at a lower CAGR, whereas Asia-Pacific followed by Europe will be the fastest growing market during the study period 2019-2024. The feed pigments are given along with the other feed additives to the animals to improve the color of the meat and egg. Feed pigments are highly used in poultry industry.

feed pigments market

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Competitive Landscape

The Global feed pigment market is a highly concentrated market with few major players including BASF SE, Novus International Inc., Kemin, Royal DSM N.V. The major strategies adopted by them are acquisitions, mergers, increasing the capacity of the plants and investing in R&D. 

Major Players

  1. BASF SE
  2. Royal DSM N.V.
  3. Kemin Industries Inc.
  4. Novous International
  5. Synthite Industries Ltd.

* Complete list of players covered available in the table of contents below

feed pigments market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers & Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Porters Five Forces Analysis

      1. 4.5.1 Bargaining Power of Suppliers

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Threat of New Entrants

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Carotenoids

        1. 5.1.1.1 Alpha-Carotene

        2. 5.1.1.2 Beta-Carotene

        3. 5.1.1.3 Lycopene

        4. 5.1.1.4 Lutein

        5. 5.1.1.5 Zeaxanthin

        6. 5.1.1.6 Astaxanthin

        7. 5.1.1.7 Canthaxanthin

        8. 5.1.1.8 Others

      2. 5.1.2 Others

    2. 5.2 Animal

      1. 5.2.1 Ruminant

      2. 5.2.2 Poultry

      3. 5.2.3 Swine

      4. 5.2.4 Aquaculture

      5. 5.2.5 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Rest of Asia Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & South Africa

        1. 5.3.5.1 UAE

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle -East & South Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Major adopted strategies

    2. 6.2 Mergers & Acquisitions

    3. 6.3 Company Profiles

      1. 6.3.1 BASF SE

      2. 6.3.2 Royal DSM N.V.

      3. 6.3.3 Kemin Industries Inc.

      4. 6.3.4 Novus International Inc.

      5. 6.3.5 Nutrex Nv

      6. 6.3.6 Synthite Industries Ltd

      7. 6.3.7 Vitafor NV

      8. 6.3.8 Roha (JJT Group)

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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