Feed Pigments Market: Global Industry Analysis and Forecast (2024-2030)

Feed Pigments Market size was valued at USD 1.35 Bn. in 2023 and the total Feed Pigments Market size is expected to grow at a CAGR of 4.31% from 2024 to 2030, reaching nearly USD 1.81 Bn. by 2030.

Format : PDF | Report ID : SMR_2042

Feed Pigments Market Overview

Feed pigments are used in order to enhance the colour of products such as eggs, meat and milk. The main drivers for this industry include increased meat production demand, higher disposable incomes, a move towards pellet feed consumption as well as increased consumer knowledge on animal health. Outbreaks of animal diseases including African swine fever virus, foot and mouth disease and mad cow disease have increased consumer consciousness about the value of healthy livestock. Mammalian biological manufacturers' animal culture characteristics are less studied than those of avian species.

As the emerging economies clock in growth, income is per capita grows alongside urbanization as well as dietary changes. These forces contribute to an increase in the need for high-quality animal feeds thereby expanding the industry. Previously noted is constrained animal treatment and food security measures enforcement that has made manufacturers switch to organic and long-term sustainable feed pigments approaches meant to expand the market.

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Feed Pigments Market Dynamics

Driver: Rise in Demand for Meat products

Increasing populations in undeveloped countries have risen the demand for feed pigments and this can be explained through intensified production of poultry, ruminants and other animals reared for human consumption. On the global scale, the use of feed pigments for poultry and other meat products is also increasing hence the expanding size of the overall industry globally. Moreover, it has been argued that the development of the feed pigments mirrors the evolution of technology and this is among the main drivers behind the feed pigments markets expansion to date.

Among the factors that predominantly contribute to the increase of the feed pigment industry include high health awareness levels among people towards eating nutritious food, increase urbanization as well as disposable income that is on the rise. This is also supported by an anticipation that the market would grow due to increased need for healthy and secure livestock coupled with expansion in the animal proteins sector. Additionally, carotenoids animal health benefits; escalating livestock produce consumption; as well as modernization of pig, poultry, and aquaculture industries have contributed significantly.

Restrain/Challenges

Feed pigments, particularly the synthetic ones often have strict rules and approval procedures when using them. Such organizations as FDA and EFSA oversee the application of different pigments into animal nutrition alongside governing the general usage of supplements.

Opportunity: Technological Advancements in the Production of Feed Pigments

Technological advances have led to new feed pigment products that are both cheaper and more efficient, thus contributing to the growth of the feed pigments market. Rising raw material costs implies that there is a growth opportunity for the feed pigments market regardless of the regulatory aspects involved. Consumption of pellet feeds would also ensure continuous rise in the feed pigment market owing to the wide variety of benefits associated with them

Feed Pigments Market Segment Analysis:

Based on Types Carotenoids, Curcumin, Spirulina, and Others are products that power the global Feed Pigment market. Carotenoids are projected to grow expeditiously due to mechanisms of preventing oxidation as well as boosting immunity systems in animals. In addition, Spirulina as the most prevalent pigment among feed additives accelerating the growth of market throughout the forecast period.

Feed Pigments Market Regional Insights:

Throughout the forecast period, the Feed Pigments Market Dominated by the Asia Pacific region. The regional market growth is mainly driven by the rise in consumer income among the middle class, a fast-growing population and an expanded meat industry. The feed pigment market in this zone is anticipated to flourish tremendously particularly in countries such as China, India and Japan while there is a rise in the number of people keeping pets and also animal welfare in this region

Feed Pigments Market Competitive Landscape

In 2023, Impextraco, headquartered in Belgium, broadened the Mexico facility to enhance product storage and business opportunities and enhance the brand's presence in the country.
In 2023, DSM, headquartered in the Netherlands, acquired Brazil-based animal nutrition and technology company Prodap, aiming to improve animal farming efficiency and sustainability.
In 2023, DayGlo Color Corp., headquartered in the United States, launched Elara Luxe™, the latest innovation in fluorescent color technology for the cosmetics and personal care sector.

Feed Pigments Market Scope

Feed Pigments Market
Market Size in 2023	USD 1.35 Bn.
Market Size in 2030	USD 1.81 Bn.
CAGR (2024-2030)	4.31 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segments	By Types Carotenoids Curcumin Spirulina Others
Segments	By Livestock Swine Poultry Ruminants Aquatic animals Others
Regional Scope	North America- United States, Canada, and Mexico Europe – United Kingdom, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

Feed Pigments Market Key Players

BASF SE
Royal DSM N.V.
Chr. Hansen Holding A/S
Kemin Industries, Inc.
Guangzhou Leader Bio-Technology Co.Ltd.
Behn Meyer Holding AG
Nutrex NV
D.D. Williamson
Novus International, Inc.
Biorigin
Phytobiotics Futterzusatzstoffe GmbH
Synthite Industries Ltd
Vitablend Nederland B.V.
Natural Sourcing Inc
ECKART (U.K)
Dayglo Color Corp (U.S)
Ferro Corporation (U.S)
LANXESS (Germany)
Clariant AG (Switzerland)
ALTANA divisions (Germany)
XX Ltd

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Frequently Asked Questions

1. What are the growth drivers for the Feed Pigments Market?

Rise in Demand for Meat products and rising disposable income and shifting preference towards healthy products are the drivers for the feed Pigments market.

2. What is restrain of Feed Pigments Market?

Strick government regulations is the restrain of Feed pigments market.

3. What is the Projected size & growth of Feed Pigments Market?

Feed Pigments Market size was valued at USD 1.35 Billion in 2023 and the total Feed Pigments Market size is expected to grow at a CAGR of 4.31 % from 2024 to 2030, reaching nearly USD 1.81 Billion by 2030.

4. What Segments are covered in Feed Pigments Market?

Segments are covered based on By Type, By livestock.

1.   Research Methodology
1.1   Research Data
1.1.1.   Primary Data
1.1.2.   Secondary Data
1.2.   Market Size Estimation
1.2.1.   Bottom-Up Approach
1.2.2.   Top-Down Approach
1.3.   Market Breakdown and Data Triangulation
1.4.   Research Assumption
2.   Feed Pigments Market: Executive Summary
2.1.   Market Overview
2.2.   Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3.   Market Size (USD) and Market Share (%) – By Segments and Regions
3.   Global Feed Pigments Market: Competitive Landscape
3.1.   SMR Competition Matrix
3.2.   Key Players Benchmarking
3.2.1.   Company Name
3.2.2.   Headquarter
3.2.3.   Product Segment
3.2.4.   End-user Segment
3.2.5.   Y-O-Y%
3.2.6.   Revenue (2023)
3.2.7.   Profit Margin
3.2.8.   Market Share
3.2.9.   Company Locations
3.3.   Market Structure
3.3.1.   Market Leaders
3.3.2.   Market Followers
3.3.3.   Emerging Players
3.4.   Consolidation of the Market
3.4.1.   Strategic Initiatives and Developments
3.4.2.   Mergers and Acquisitions
3.4.3.   Collaborations and Partnerships
3.4.4.   Product Launches
4.   Feed Pigments Market: Dynamics
4.1.   Feed Pigments Market Trends by Region
4.1.1.   North America
4.1.2.   Europe
4.1.3.   Asia Pacific
4.1.4.   Middle East and Africa
4.1.5.   South America
4.2.   Feed Pigments Market Drivers
4.3.   Feed Pigments Market Restraints
4.4.   Feed Pigments Market Opportunities
4.5.   Feed Pigments Market Challenges
4.6.   PORTER’s Five Forces Analysis
4.6.1.   Intensity of the Rivalry
4.6.2.   Threat of New Entrants
4.6.3.   Bargaining Power of Suppliers
4.6.4.   Bargaining Power of Buyers
4.6.5.   Threat of Substitutes
4.7.   PESTLE Analysis
4.7.1.   Political Factors
4.7.2.   Economic Factors
4.7.3.   Social Factors
4.7.4.   Technological Factor
4.7.5.   Legal Factors
4.7.6.   Environmental Factors
4.8.   Technological Roadmap
4.9.   Value Chain Analysis
4.10.   Regulatory Landscape
4.10.1.   Market Regulation by Region
4.10.1.1.   North America
4.10.1.2.   Europe
4.10.1.3.   Asia Pacific
4.10.1.4.   Middle East and Africa
4.10.1.5.   South America
4.10.2.   Impact of Regulations on Market Dynamics
4.10.3.   Government Schemes and Initiatives
5.   Feed Pigments Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
5.1.   Feed Pigments Market Size and Forecast, by Type (2023-2030)
5.1.1.   Carotenoids
5.1.2.   Curcumin
5.1.3.   Spirulina
5.1.4.   Others
5.2.   Feed Pigments Market Size and Forecast, by Livestock (2023-2030)
5.2.1.   Swine
5.2.2.   Poultry
5.2.3.   Ruminants
5.2.4.   Aquatic animals
5.2.5.   Others
5.3.   Feed Pigments Market Size and Forecast, by Region (2023-2030)
5.3.1.   North America
5.3.2.   Europe
5.3.3.   Asia Pacific
5.3.4.   Middle East and Africa
5.3.5.   South America
6.   North America Feed Pigments Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
6.1.   North America Feed Pigments Market Size and Forecast, by Type (2023-2030)
6.1.1.   Carotenoids
6.1.2.   Curcumin
6.1.3.   Spirulina
6.1.4.   Others
6.2.   North America Feed Pigments Market Size and Forecast, by Livestock (2023-2030)
6.2.1.   Swine
6.2.2.   Poultry
6.2.3.   Ruminants
6.2.4.   Aquatic animals
6.2.5.   Others
6.3.   North America Feed Pigments Market Size and Forecast, by Country (2023-2030)
6.3.1.   United States
6.3.2.   Canada
6.3.3.   Mexico
7.   Europe Feed Pigments Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
7.1.   Europe Feed Pigments Market Size and Forecast, by Type (2023-2030)
7.2.   Europe Feed Pigments Market Size and Forecast, by Livestock (2023-2030)
7.3.   Europe Feed Pigments Market Size and Forecast, by Country (2023-2030)
7.3.1.   United Kingdom
7.3.2.   France
7.3.3.   Germany
7.3.4.   Italy
7.3.5.   Spain
7.3.6.   Sweden
7.3.7.   Russia
7.3.8.   Rest of Europe
8.   Asia Pacific Feed Pigments Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
8.1.   Asia Pacific Feed Pigments Market Size and Forecast, by Type (2023-2030)
8.2.   Asia Pacific Feed Pigments Market Size and Forecast, by Livestock (2023-2030)
8.3.   Asia Pacific Feed Pigments Market Size and Forecast, by Country (2023-2030)
8.3.1.   China
8.3.2.   S Korea
8.3.3.   Japan
8.3.4.   India
8.3.5.   Australia
8.3.6.   ASEAN
8.3.7.   Rest of Asia Pacific
9.   Middle East and Africa Feed Pigments Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
9.1.   Middle East and Africa Feed Pigments Market Size and Forecast, by Type (2023-2030)
9.2.   Middle East and Africa Feed Pigments Market Size and Forecast, by Livestock (2023-2030)
9.3.   Middle East and Africa Feed Pigments Market Size and Forecast, by Country (2023-2030)
9.3.1.   South Africa
9.3.2.   GCC
9.3.3.   Egypt
9.3.4.   Rest of ME&A
10.   South America Feed Pigments Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
10.1.   South America Feed Pigments Market Size and Forecast, by Type (2023-2030)
10.2.   South America Feed Pigments Market Size and Forecast, by Livestock (2023-2030)
10.3.   South America Feed Pigments Market Size and Forecast, by Country (2023-2030)
10.3.1.   Brazil
10.3.2.   Argentina
10.3.3.   Rest Of South America
11.   Company Profile: Key Players
11.1.   BASF SE
11.1.1.   Company Overview
11.1.2.   Business Portfolio
11.1.2.1.   Product Name
11.1.2.2.   Product Details
11.1.3.   Financial Overview
11.1.3.1.   Total Revenue
11.1.3.2.   Segment Revenue
11.1.3.3.   Regional Revenue
11.1.4.   SWOT Analysis
11.1.5.   Strategic Analysis
11.1.6.   Recent Developments
11.2.   Royal DSM N.V.
11.3.   Chr. Hansen Holding A/S
11.4.   Kemin Industries, Inc.
11.5.   Guangzhou Leader Bio-Technology Co.Ltd.
11.6.   Behn Meyer Holding AG
11.7.   Nutrex NV
11.8.   D.D. Williamson
11.9.   Novus International, Inc.
11.10.   Biorigin
11.11.   Phytobiotics Futterzusatzstoffe GmbH
11.12.   Synthite Industries Ltd
11.13.   Vitablend Nederland B.V.
11.14.   Natural Sourcing Inc
11.15.   ECKART (U.K)
11.16.   Dayglo Color Corp (U.S)
11.17.   Ferro Corporation (U.S)
11.18.   LANXESS (Germany)
11.19.   Clariant AG (Switzerland)
11.20.   ALTANA divisions (Germany)
11.21.   XX Ltd
12.   Key Findings
13.   Analyst Recommendations
13.1.   Strategic Recommendations
13.2.   Future Outlook