Market overview
Feed Pigments market is anticipated to show strong growth at a healthy CAGR of over 3.67%.
Feed pigments are the substances for farm animals for giving colour to the tissues that are responsible for giving colours to the skin, eyes, and hair for enhancing the quality of animal nutrition. It helps in providing nutritional properties in the animal fodder. The deed pigments are either natural or synthetic pigments that improve the feed performance also enhance the immune system in the animals’ body.
The feed pigments improve the feed quality and lessens the livestock diseases in the animals. The color of meat and yolk is also increased with the feed additives that further improve the feed pigments. The increase in the demand for red meat that has led the meat processing industries to use the pigments for improving the quality and color of the raw and processed meat.
The global feed pigments market report presents the growing population in developing countries that has driven the growth of the production of poultry, ruminants, and other livestock for consumption. These factors have uplifted the demand for feed pigments in the global market. The increasing consumption of poultry and meat products that is adding fuel to the growth of the global feed pigments market. With the technological advancements in the market there has been a significant rise in the growth of feed pigments during the forecast period of 2022-2030.
Market segmentation
The feed pigments market shows the segmentation of the global market based on the type, sources, and livestock. The increasing preference for healthy livestock coupled with the ever-rising meat industry is complimenting the growth of feed pigments in the global market. The other health benefits are also provided such as palatability, organoleptic enhancements and so on.
Based on type, the market has been factored as:
- Curcumin
- Carotenoids
- Spirulina
- Others
Based on the source, the product market can be divided into:
- Synthetic feed pigments
- Natural feed pigments
And based on the livestock, the feed pigments market can be divided into:
- Ruminants
- Swine
- Poultry
- Others
Regional analysis
The global feed pigments industry has been majorly distributed among the regions of Europe, North America, Asia-Pacific, and the rest of the World. The Asia-Pacific market dominates the market followed by North America. In the Asia-Pacific region, China takes the major share and contributes for poultry products that is boosting the growth of the global feed pigments market. Moreover, there has been an increasing consumption of poultry and meat products with the rapid growth in other Asia-Pacific countries.
More so, the rising demand for poultry products in countries of Canada, US, Mexico in the North American region will be fuelling the market growth. The other major key players are also involved in the research and development of the products as per the rules and regulations for the feed pigments in all these regions.
Industry news
Kemin Industries, a global ingredient manufacturer, has partnered with Pacific GeneTech, a biological company that develops and commercializes next-gen vaccines in the food safety and animal health sector, to bring Salmonella Vaccine in the poultry industry. This vaccine will scale and expand the availability of poultry products on a global scale.
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