Feed Pigment Market Overview

Pigment is a compound which provides color to the other substance. Feed pigments are the natural or synthetic carotenoids used in feed products and majorly extracted from vegetable sources, stabilized and mixed with the suitable carrier to enhance the standardized pigment activity.

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The global feed pigments market revenue is expected to grow at a rapid growth rate, over the forecast period. Acceptance of astaxanthin feed pigment among feed manufacturers, feed pigments function as hormone precursors and colorants antioxidants to prevent from various diseases among animals and improve animal health are some of the major factors estimated to drive the revenue growth of the global feed pigment markets. Factors like high expense of synthetic pigments and scarcity of natural pigments are restraining the growth of the market.

Feed Pigment Market Forecast Report (2020-2025)

Feed Pigment Market was worth USD 1.05 billion in 2020 and is expected to reach USD 1.24 billion by 2025 with a CAGR of 3.4 %.

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Feed Pigment Market Segmentation

The global Feed Pigment market is segmented on the basis of pigment type, livestock, and sources. . Based on Type, market is further segmented into Carotenoids, Curcumin, Caramel, Spirulina & Others. Based on Carotenoids Source, market is further segmented into Natural Feed Pigments, Synthetic Feed Pigments. Based on Livestock, market is further segmented into Swine, Ruminants, Poultry, and Aquatic Animals & Others. Further based on Carotenoids, market is further segmented into Beta-Carotene, Canthaxanthin, Lutein, Astaxanthin, Lycopene, Zeaxanthin, and Other Carotenoids.

Geographically, market is segmented into Asia-Pacific, Europe, North America, Latin America and Middle East and Africa. Europe accounted for largest share globally owing to the increased awareness about benefits of feed pigments. Asia-Pacific is expected to be the fastest growing market owing to the factors like large population.

Major Players: 

The major companies dominating this market for its products and services are

• Nutreco Holdings
• Cargill Incorporated
• Bio-Technology Co., Ltd.
• D. Williamson & Co., Inc.
• Royal DSM N. V.
• BASF SE
• Kemin Industries, Inc.
• Novus International, Inc.
• Kalsec Inc.
• Vitafor NV
• PHW Group
• Behn Meyer Group.

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